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Invesco Taxable Municipal Bond ETF

BAB
$--
Today’s Change
-- (--)

Snapshot
*

Inception Date
Nov 17 2009
Expense Ratio
0.28%
Type
US Bonds
Fund Owner
Invesco
Volume (1m avg. daily)
$11,614,441
AUM
$1,561,072,221
Associated Index
ICE BofA Merrill Lynch US Taxable Municipal Securities Plus Index
Inverse/Leveraged
No
Passive/Active
Passive
Fractionable on Composer
Yes
Prospectus

Top 10 Holdings

n/a
State of California
1.63%
n/a
State of California
1.35%
n/a
State of California
1.17%
n/a
UNIV OF CALIFORNIA-BG
0.91%
n/a
Univ CA 3.349 % Bonds 2019-01.07.29 Series BD
0.91%
n/a
Texas Transportation Commission State Highway Fund
0.79%
n/a
American Municipal Power Inc
0.72%
n/a
St CA 7.35 % Bonds 2009-1.11.39 Build Amer Bds
0.70%
AGPXX
Short-Term Investment Trust - AIM Short Term Investments Trust Govt & Agency Portfolio Inst Class
0.70%
n/a
Los Angeles Community College District/CA
0.67%
Invest with BAB

What is BAB?

The Invesco Taxable Municipal Bond ETF (Fund) is based on the ICE BofAML US Taxable Municipal Securities Plus Index (Index). The Fund will normally invest at least 80% of its total assets in the securities that comprise the Index. The Index is designed to track the performance of US dollar-denominated taxable municipal debt publicly issued by US states and territories, and their political subdivisions, in the US market. The Fund and the Index are rebalanced and reconstituted monthly.

ETFs related toBAB

ETFs correlated to BAB include IBTM, ILTB, SCHZ

BAB
Invesco Capital Management LLC - Invesco Taxable Municipal Bond ETF
IBTM
iShares Trust - iShares iBonds Dec 2032 Term Treasury ETF
ILTB
BlackRock Institutional Trust Company N.A. - iShares Core 10+ Year USD Bond ETF
SCHZ
Schwab Strategic Trust - Schwab US Aggregate Bond ETF
GBF
BlackRock Institutional Trust Company N.A. - iShares Barclays Government/Credit Bond Fund
PBND
Invesco Capital Management LLC - Invesco PureBeta SM US Aggregate Bond ETF
BLV
Vanguard Group, Inc. - Vanguard Long-Term Bond ETF
SPAB
SPDR Series Trust - SPDR Portfolio Aggregate Bond ETF
AGG
BlackRock Institutional Trust Company N.A. - iShares Core U.S. Aggregate Bond ETF
PLW
Invesco Capital Management LLC - Invesco 1-30 Laddered Treasury ETF
FLCB
Franklin Templeton ETF Trust - Franklin U.S. Core Bond ETF

What is ETF correlation?

Correlation is a measure of the strength of the relationship between two ETFs. It quantifies the degree to which prices of the two ETFs typically move together.

Here, correlation is measured over the past year with the Pearson correlation coefficient (Pearon’s r), which ranges from -1 to 1.

Using ETF correlations in portfolio and strategy construction

ETF correlations can help you create investing strategies and portfolios. Use them to:

  • Build a diversified portfolio from uncorrelated or inversely correlated ETFs with the aim of minimizing portfolio risk.
  • Compare correlated or related ETFs to find one with a lower expense ratio or higher trading volume.
  • Create an investing strategy that hedges an ETF with an uncorrelated or inversely correlated ETF.

Automated Strategies
Related toBAB

#LVRP

Leveraged S&P 500 Risk Parity

Category

Balance Risk Not Assets

Risk Rating

Aggressive

#IDX

Equity Index Rotation

Category

Getting Started

Risk Rating

Moderate

Create your own algorithmic trading strategy with BAB using Composer

FAQ

BAB is a US Bonds ETF. The Invesco Taxable Municipal Bond ETF (Fund) is based on the ICE BofAML US Taxable Municipal Securities Plus Index (Index). The Fund will normally invest at least 80% of its total assets in the securities that comprise the Index. The Index is designed to track the performance of US dollar-denominated taxable municipal debt publicly issued by US states and territories, and their political subdivisions, in the US market. The Fund and the Index are rebalanced and reconstituted monthly.

The top holdings for BAB include State of California, State of California, and State of California.

BAB has 665 total holdings.

BAB tracks the ICE BofA Merrill Lynch US Taxable Municipal Securities Plus Index.

No, BAB is not actively managed. It is passively managed. In an actively managed fund, the fund manager makes decisions about how funds are invested. A passively managed fund typically tries to track or follow a market index.

Yes, BAB is passively managed. A passively managed fund typically tries to track or follow a market index. In an actively managed fund, the fund manager makes decisions about how funds are invested.

The 1-month return on BAB is 0.0151%. This is the percent change in the value of BAB over the most recent 1-month period. The 3-month return on BAB is 0.0929%. This is the percent change in the value of BAB over the most recent 3-month period.

The standard deviation of BAB for the past year is 0.1111%. Standard deviation is the typical amount that the daily returns vary from the mean of the returns over the time period, standardized to a period of a year.

ETFs similar to BAB include HYD, MUB, and SUB.

ETFs correlated to BAB include IBTM, ILTB, and SCHZ.

ETFs that are inversely correlated to BAB include TTT, TMV, and TBF.

Disclaimers

*

We show information directly obtained from our data provider, Xignite. Data shown here is provided by Xignite, an unaffiliated third party. Composer believes the information shown here is reliable, but has not been verified and there is no guarantee that the information is accurate.

**

We show information based on calculations performed by Composer using data from our provider. Information provided here is based on calculations performed by Composer using data sourced from Xignite, an unaffiliated third party. Composer believes this information is reliable, but has not verified the data and there is no guarantee that the calculations are accurate.