What is BAB?

BAB tracks a broad index of taxable investment-grade municipal debts selected and weighted by market value.

PERFORMANCE [as of 11/25/22] 1 MONTH 3 MONTHS YTD 1 YEAR 3 YEARS 5 YEARS 10 YEARS
BAB 4.79% -5.12% -19.10% -18.66% -4.06% 0.04% 2.41%
BAB (NAV) 4.35% -4.76% -19.00% -18.66% -3.93% 0.04% 2.42%
ICE BofAML US Taxable Municipal Securities Plus Index 4.52% -4.41% -17.72% -17.40% -3.11% 0.52% 2.74%
Bloomberg Barclays Municipal Bond Index 3.97% -1.09% -9.32% -8.91% -0.91% 1.20% 1.95%
All returns over 1 year are annualized. All returns are total returns unless otherwise stated.

BAB Factset Analytics Insight

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.

BAB Summary Data

Invesco
11/17/09
0.28%
$1.52B
ICE BofAML US Taxable Municipal Securities Plus Index
Bloomberg Barclays Municipal Bond Index
Open-Ended Fund

Peers

Bloomberg Barclays Municipal Bond Index

Fund Flows

-$0.01B 5 Days
-$0.05B 30 Days
-$0.17B 90 Days

BAB Portfolio Data

8.17
--
5.59%
N/A
--

BAB Index Data

ICE BofAML US Taxable Municipal Securities Plus Index
Market Value
Market Value
Bloomberg Barclays Municipal Bond Index

BAB Portfolio Management

0.28%
-0.81%
-0.14%
-1.49%

BAB Tax Exposures

20.00% / 39.60%
--
Ordinary income
No

BAB Fund Structure

Open-Ended Fund
No
No
-- / --
N/A
N/A
Low
Daily

Factset Analytics Block Liquidity

As of 11/28/22

This measurement shows how easy it is to trade a $1 million USD block of BAB. BAB is rated a N/A out of 5.

BAB Tradability

443,111
$11.24M
353,456
$8.71M
0.11%
$0.03
-0.29%
0.63% / -3.01%
None
100.00%
50,000
7.07
0.03%
--
43
$25.93
N/A

BAB Sector/Industry Breakdown

BAB Segment
Benchmark
76.73% --
9.55% --
3.04% --
2.88% --
2.56% --
2.06% --
1.82% --
0.76% --
0.35% --
0.19% --

BAB Top 10 Holdings

2.06%
1.60%
1.35%
1.34%
1.16%
0.93%
0.92%
0.92%
0.80%
0.70%
11.78%

BAB Performance Statistics

--
--
--
--
--

BAB Top 5 Countries

BAB Segment
Benchmark
100.00% --

BAB Top 5 Currencies

BAB Segment
Benchmark
100.00% --

BAB Avg Life Maturity Distribution

0.90%
5.38%
4.71%
7.97%
11.30%
10.54%
20.48%
20.59%
18.14%

BAB OAS Breakdown

31.09%
60.64%
6.54%
1.73%
--
--
--
--
--
--
--

BAB Holdings Statistics

13.02 years
8.17
5.59%
8.14
--
--
1.23%