Invesco Taxable Municipal Bond ETF

Frequently Asked Questions About BAB

What does BAB invest in?

Invesco Exchange-Traded Fund Trust II - Invesco Taxable Municipal Bond ETF is an exchange traded fund launched and managed by Invesco Capital Management LLC. The fund invests in fixed income markets of the United States. It primarily invests in U.S. dollar-denominated, investment grade taxable municipal debt publicly issued by U.S. states and territories, and their political subdivisions with at least one year remaining to final maturity. The fund seeks to track the performance of the ICE BofA US Taxable Municipal Securities Plus Index, by using representative sampling technique. Invesco Exchange-Traded Fund Trust II - Invesco Taxable Municipal Bond ETF was formed on November 17, 2009 and is domiciled in the United States.

What is the expense ratio of BAB?

Invesco Taxable Municipal Bond ETF (BAB) charges an expense ratio of 0.28%. This is the annual fee deducted from fund assets to cover management and operations.

What is BAB's dividend yield?

BAB's trailing-twelve-month yield is 4.21%, calculated from the sum of dividends over the past year divided by the current price.

What is the duration of BAB?

Effective duration measures BAB's sensitivity to interest-rate changes — a duration of 6 means a 1% rate move shifts NAV by roughly 6% in the opposite direction. BAB's current duration is published on the fund's factsheet on the issuer's website.

What is the credit quality of BAB?

BAB's credit quality breakdown — the share of holdings rated AAA through CCC and below — is published on the fund's factsheet. Higher-quality (investment-grade) funds yield less but carry less default risk than high-yield / junk bond funds.

What is the yield to maturity of BAB?

Yield to maturity (YTM) is the total return you'd earn from BAB if every bond in the portfolio is held to maturity at the current price. BAB's YTM is published on the fund's factsheet on the issuer's website — it differs from the trailing-12-month yield because YTM reflects current bond prices rather than historical income paid.