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BAB

Invesco Taxable Municipal Bond ETF (BAB)

$26.39

Delayed price

Profit since last BUY0.38%

WEAK BUY

BUY since 34 days

BUY Advisory
SELL Advisory (Profit)
SELL Advisory (Loss)

Profit
Loss
Pass (Skip investing)

Time period over

ALL
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MONTH
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Upturn Advisory Summary

03/27/2025: BAB (1-star) has a low Upturn Star Rating. Not recommended to BUY.

Upturn Star Rating

Not Recommended Performance

These Stocks/ETFs, based on Upturn Advisory, consistently fall short of market performance, signaling caution before investing.

AI Based Fundamental Rating

Moderate Performance

These Stocks/ETFs, based on Upturn Advisory, typically align with the market average, offering steady but unremarkable returns.

Analysis of Past Performance

Type ETF

Historic Profit -3.68%

Avg. Invested days 34

Today’s Advisory WEAK BUY

Upturn Star Rating

Upturn Advisory Performance

3.0

ETF Returns Performance

1.0

Profits based on simulation

Last Close 03/27/2025

Key Highlights

Volume (30-day avg) 141891	Beta 1.11	52 Weeks Range 24.70 - 27.47	Updated Date 03/28/2025
52 Weeks Range 24.70 - 27.47	Updated Date 03/28/2025

Upturn AI SWOT

Invesco Taxable Municipal Bond ETF

ETF Overview

Overview

The Invesco Taxable Municipal Bond ETF (BAB) seeks to track the investment results of the ICE BofA US Taxable Municipal Securities Plus Index. It primarily invests in U.S. dollar-denominated taxable municipal debt, aiming to provide investment returns reflective of the taxable municipal bond market.

Reputation and Reliability

Invesco is a well-established global investment management firm with a long history and strong reputation.

Management Expertise

Invesco has a large and experienced team of investment professionals dedicated to fixed income management.

Investment Objective

Goal

To track the investment results of the ICE BofA US Taxable Municipal Securities Plus Index.

Investment Approach and Strategy

Strategy: The ETF employs a passive management strategy, seeking to replicate the performance of the ICE BofA US Taxable Municipal Securities Plus Index.

Composition The ETF holds a portfolio of taxable municipal bonds, diversified across various issuers and maturities.

Market Position

Market Share: BAB has a moderate market share within the taxable municipal bond ETF segment.

Total Net Assets (AUM): 1429000000

Competitors

Key Competitors

iShares Taxable Municipal Bond ETF (BABK)
VanEck Vectors Taxable Municipal Bond ETF (VTAX)
Nuveen Taxable Municipal Bond ETF (NBB)

Competitive Landscape

The taxable municipal bond ETF market is moderately competitive. BAB has a first-mover advantage and larger AUM. Competitors offer similar exposure but with potentially different expense ratios or tracking methodologies.

Financial Performance

Historical Performance: Historical performance data needs to be retrieved from financial data providers to quantify returns over various time periods.

Benchmark Comparison: Performance is compared to the ICE BofA US Taxable Municipal Securities Plus Index, with tracking error expected to be minimal.

Expense Ratio: 0.28

Liquidity

Average Trading Volume

BAB exhibits moderate liquidity, typically trading several hundred thousand shares daily.

Bid-Ask Spread

The bid-ask spread is generally tight, reflecting the ETF's liquidity and market depth.

Market Dynamics

Market Environment Factors

Economic conditions, interest rate movements, and tax law changes significantly influence the taxable municipal bond market.

Growth Trajectory

Growth is influenced by demand for taxable municipal debt and overall fixed-income market conditions. Any strategy and holdings changes are influenced by the index methodology and any possible deviations.

Moat and Competitive Advantages

Competitive Edge

BAB benefits from Invesco's established presence and AUM. Its first-mover advantage contributed to higher AUM, resulting in tighter spreads and increased liquidity. The ETF's tracking methodology helps it to closely align with its benchmark index, while the ETF's lower expense ratio can also be a competitive advantage.

Risk Analysis

Volatility

Volatility is influenced by interest rate sensitivity and credit risk within the taxable municipal bond market.

Market Risk

Risks include interest rate risk, credit risk, and market liquidity risk associated with taxable municipal bonds.

Investor Profile

Ideal Investor Profile

The ETF is suitable for investors seeking income and diversification through taxable municipal bonds.

Market Risk

BAB is suitable for long-term investors and passive index followers seeking exposure to the taxable municipal bond market.

Summary

Invesco Taxable Municipal Bond ETF (BAB) seeks to replicate the ICE BofA US Taxable Municipal Securities Plus Index, providing investors with exposure to the taxable municipal bond market. Backed by Invesco's management expertise, it offers a passive investment strategy with moderate market share. Its performance is closely tied to its benchmark index, and it carries risks associated with interest rate, credit and market volatility. The ETF is best suited for long-term investors seeking a cost-effective and diversified entry into the taxable municipal bond sector.

Similar Companies

BABK
VTAX
NBB
HYMB
IBND

Sources and Disclaimers

Data Sources:

Invesco
Bloomberg
ETF.com

Disclaimers:

Data and analysis provided for informational purposes only and do not constitute investment advice. Market data is subject to change.

Upturn AI Summarization AI Summarization is directionally correct and might not be accurate.

Upturn AI Summarization Summarized information shown could be a few years old and not current.

Upturn AI Summarization Fundamental Rating based on AI could be based on old data.

Upturn AI Summarization AI-generated summaries may have inaccuracies (hallucinations). Please verify the information before taking action.

About Invesco Taxable Municipal Bond ETF

Exchange NYSE ARCA	Headquaters -
IPO Launch date -	CEO -
Sector -	Industry -	Full time employees -	Website
Full time employees -	Website

The fund generally will invest at least 80% of its total assets in securities that comprise the index. The underlying index is designed to measure the performance of U.S. dollar-denominated taxable municipal debt publicly issued by U.S. states and territories, and their political subdivisions, in the U.S. domestic market.

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