Invesco Taxable Municipal Bond ETF
$25.61−0.34 (−1.29%)
- Expense ratio
- 0.28%
- Fund size
- $864M
- 1Y return
- +0.1%
- Yield · Last 12 months
- 4.37%
- Holdings
- 2056
- Volume · 30D
- 0.3M sh
- NAV per share
- $25.97
- 52W range
The ETF.net BAB Grade
Score 55 of 100 sits in the B band. Bands: A ≥ 70, B ≥ 55, C ≥ 40, D ≥ 25, F < 25; the scale skips E.
Cost
What you pay to own it — the expense ratio plus trading frictions, ranked within its category.BScore 60Category rankMission
How faithfully it does the job it claims — tracking its mandate or index with minimal slippage.DScore 38Category rankRisk
How violently it can move — volatility, drawdown depth, and downside capture versus its category.CScore 51Category rankTradability
How cheaply and easily you can get in and out — liquidity, spread, and premium/discount stability.BScore 64Category rankHoldings
What it actually owns — the quality, breadth, and concentration of the underlying portfolio.AScore 71Category rankDurability
Whether it will still be here — the fund’s assets, age, flows, and issuer staying power.AScore 79Category rank
Our read on BAB
BMunis without the tax break. BAB has owned taxable municipal debt since 2009, the Build America Bonds corner of the market, and pays monthly income the IRS treats like any other taxable coupon.
The Fund normally invests at least 80% of its total assets in securities comprising the ICE BofAML US Taxable Municipal Securities Plus Index. It uses representative sampling rather than purchasing every index security.
Why people hold it
- Launched in 2009, the same year Congress created Build America Bonds, and still a billion-dollar fund in a crowded muni aisle.en.wikipedia.org
- Costs 0.28% a year, under the 0.30% median for its muni bond peer group.
- Spreads across roughly 1,900 bonds, sampling the ICE BofA US Taxable Municipal Securities Plus Index rather than buying every piece of it.invesco.com
- Pays monthly, and changes hands often enough to handle ordinary-size orders.
Worth knowing
- Taxable is in the name: interest here is federally taxable, unlike the tax-free coupons most muni funds hand out.sifma.org
- Cheap against muni peers, not against the giants: broad tax-exempt funds like VTEB and SCMB charge 0.03%.
- No new Build America Bonds since the program lapsed at the end of 2010, so the index casts wider, across taxable municipal securities generally.sifma.org
BAB Holdings
- Bonds
- 2,056
- 10%
- State of Illinois 5.10% 06/01/2033
BAB Performance
Shows how $10,000 changes over the selected period, with cash distributions reinvested at the closing price on each ex-dividend date.
Returns run to the Sep 22, 2026 close, with cash distributions reinvested. Each period starts on the same date that many months or years earlier. Periods over one year show the average yearly return.
| Period | BAB |
|---|---|
| Year to date | −1.5% |
| 1 month | −0.7% |
| 3 months | −1.9% |
| 1 year | +0.1% |
| 3 years | +4.8% |
| 5 years | −1.4% |
| 10 years | +1.8% |
Calendar-year total return with cash distributions hypothetically reinvested at the ex-dividend date’s closing price. The current year shows year to date.
| Year | Return bar | BAB |
|---|---|---|
| 2026 YTD | −1.5% | |
| 2025 | +8.3% | |
| 2024 | +1.0% | |
| 2023 | +8.7% | |
| 2022 | −19.5% | |
| 2021 | +1.0% | |
| 2020 | +9.1% |
BAB in the news
ETF.net Research hasn’t filed on BAB yet — coverage lands here as it’s written.
BAB Dividends
- 4.37%
- $1.13
- $0.10 per share
- Monthly
Distribution history
| Ex-date | Pay date | Amount per share |
|---|---|---|
| Sep 21, 2026 | Pays Sep 25, 2026 | $0.10 |
| Aug 24, 2026 | Aug 28, 2026 | $0.10 |
| Jul 20, 2026 | Jul 24, 2026 | $0.10 |
| Jun 22, 2026 | Jun 26, 2026 | $0.10 |
| May 18, 2026 | May 22, 2026 | $0.10 |
| Apr 20, 2026 | Apr 24, 2026 | $0.09 |
| Mar 23, 2026 | Mar 27, 2026 | $0.09 |
| Feb 23, 2026 | Feb 27, 2026 | $0.09 |
| Jan 20, 2026 | Jan 23, 2026 | $0.09 |
| Dec 22, 2025 | Dec 26, 2025 | $0.09 |
| Nov 24, 2025 | Nov 28, 2025 | $0.09 |
| Oct 20, 2025 | Oct 24, 2025 | $0.09 |
BAB Risk
- 7.1%
How it’s calculated: standard deviation
The sample standard deviation of monthly total returns, multiplied by the square root of 12.
Uses up to 36 complete months, with at least 12 required. Total returns include reinvested distributions.
- −0.01
How it’s calculated: Sharpe ratio
Subtract each month’s Treasury-bill return from the fund’s monthly total return.
Divide the average of those excess returns by their sample standard deviation, then multiply by the square root of 12.
Uses up to 36 complete months, with at least 12 required. Each month uses the Treasury yield quoted at the end of the previous month.
- −24.7%
How it’s calculated: maximum drawdown
The largest percentage decline from an earlier peak, using total returns with reinvested distributions.
Uses up to five years through the last close, with at least 12 months required.
- 0.98
How it’s calculated: beta
The beta figure is supplied by FMP. The comparison index depends on the fund’s broad asset class.
BAB Cost
- The middle half of Other Municipal Bond funds
- Median 0.30%
23 of the 62 Other Municipal Bond funds charge less.