BAB Invesco Taxable Municipal Bond Portfolio ETF

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BAB Invesco Taxable Municipal Bond Portfolio ETF

Seeks to track, before fees and expenses, the BofA Merrill Lynch US Taxable Municipal Securities Plus 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. Most municipal bonds are tax-exempt. Taxable municipal bonds are generally issued to finance a project or activity that does not provide a major benefit to the public. The majority of taxable municipal bonds are issued to finance the shortfalls of state and local pension funds. Other situations where taxable municipal bonds may be issued include to finance local sports facilities, investor-led housing, or to refinance debt.

Effective at the close of markets on May 31, 2017, the Funds' investment objective, principal investment strategy, and name changed.

$33.12  +0.27 (0.82%)
As of 10/27/2021 15:59:00 EST     IEX book   CBOE book

ETF Information
Sponsor:     Invesco
Category1:  US Fixed Income
Category2:  Municipal bonds
Category3:  Taxable
Morningstar category:  Long-Term Bond
Leverage factor:  1.00
Inception date:  11/17/2009
Index tracking method: Sampling
Current yield:  2.64%
Historical average yield:  4.38%
Market cap:  $2,308,170,000
Average volume:  245,792
Fees:     0.2800%

Index Information
BofA Merrill Lynch US Taxable Municipal Securities Plus Index
Index symbol:  BABS
Provider:   Bank of America/Merrill Lynch
Index weighting:   Market capitalization
Index inception date:  01/01/1900
Backtesting data exists:   No

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