Daily hammer formation, long bullish weekly trend to continueDaily hammer formation, long bullish weekly trend to continue
Key stats
About Invesco Taxable Municipal Bond ETF
Expense ratio
0.28%
Home page
Inception date
Nov 17, 2009
BAB accesses specific nichetaxable municipal bondsutilizing 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.
Classification
What's in the fund
Exposure type
Municipal
Bonds, Cash & Other100.00%
Municipal98.79%
Mutual fund1.21%
Cash0.00%
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