Symbols

BAB

Invesco Taxable Municipal Bond ETF·NYSE

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Key Stats

Assets Under Management

1.05BUSD

Fund Flows (1Y)

-19.40MUSD

Dividend Yield

3.98%

Discount/Premium to NAV

-0.18%

Shares Outstanding

38.70M

Expense Ratio

0.28%

About Invesco Taxable Municipal Bond ETF

Issuer

Invesco Capital Management LLC

Brand

Invesco

Home Page

https://www.invesco.com/us/financial-products/etfs/product-detail?productId=BAB

Inception Date

Nov 17, 2009

Structure

Open-Ended Fund

Index Tracked

ICE BofAML US Taxable Municipal Securities Plus Index

Management Style

Passive

Dividend Treatment

Distributes

Distribution Tax Treatment

Ordinary income

Income Tax Type

Capital Gains

Max ST Capital Gains Rate

39.60%

Max LT Capital Gains Rate

20.00%

Primary Advisor

Invesco Capital Management LLC

Distributor

Invesco Distributors, Inc.

BAB accesses specific niche—taxable municipal bonds—utilizing a plain-vanilla market-value selection and weighting process. BAB holds investment-grade taxable munis across all states and locales. Taxable munis generally carry higher yields than their tax-exempt counterparts, reflecting a premium for both the added tax burden and the lower liquidity typical to these securities. As such, BAB might be a good alternative for foreign investors who do not enjoy favorable tax treatment or for US investors seeking higher yield in a tax-advantaged account. BAB changed its underlying index from the BofA Merrill Lynch Build America Bond Index to the ICE BofAML US Taxable Municipal Securities Plus Index on 6/1/2017. The change materially broadened BAB's exposure to all taxable municipal securities.