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Upturn AI SWOT - About
Invesco Taxable Municipal Bond ETF (BAB)
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Upturn Advisory Summary
06/30/2025: 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.
Number of Analysts
Analysts rated it
Very few follow this stock; limited insights, higher-risk early investing.
1 Year Target Price $0
1 Year Target Price $0
| 0 | Strong Buy |
| 0 | Buy |
| 0 | Hold |
| 0 | Sell |
| 0 | Strong Sell |
Analysis of Past Performance
Type ETF | Historic Profit -0.22% | Avg. Invested days 35 | Today’s Advisory Consider higher Upturn Star rating |
Upturn Star Rating | Upturn Advisory Performance  2.0 | ETF Returns Performance  1.0 |
| Profits based on simulation | Last Close 06/30/2025 |
Key Highlights
Volume (30-day avg) - | Beta 1.04 | 52 Weeks Range 25.13 - 27.19 | Updated Date 06/29/2025 |
52 Weeks Range 25.13 - 27.19 | Updated Date 06/29/2025 |
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. This ETF focuses on providing exposure to taxable municipal bonds, offering income and diversification. Its strategy involves investing in a broad range of taxable municipal bonds.
Reputation and Reliability
Invesco is a well-established and reputable asset management firm with a long track record in the ETF market.
Management Expertise
Invesco has a team of experienced professionals managing its fixed income ETFs, including those specializing in municipal bonds.
Investment Objective
Goal
The primary investment goal of BAB is to track the investment results of the ICE BofA US Taxable Municipal Securities Plus Index, providing investment returns correlating with the index's performance.
Investment Approach and Strategy
Strategy: BAB aims to track the ICE BofA US Taxable Municipal Securities Plus Index.
Composition BAB primarily holds taxable municipal bonds.
Market Position
Market Share: Data unavailable to determine market share.
Total Net Assets (AUM): 641334989
Competitors
Key Competitors
- Vanguard Tax-Exempt Bond ETF (VTEB)
- iShares National Muni Bond ETF (MUB)
- SPDR Nuveen Bloomberg Short Term Municipal Bond ETF (SHM)
Competitive Landscape
The taxable municipal bond ETF market includes several providers offering varying levels of yield and risk profiles. BAB competes based on tracking accuracy, expense ratio, and liquidity. BAB's advantage lies in its specific focus on taxable municipals, but it faces competition from larger ETFs with lower expense ratios and greater AUM.
Financial Performance
Historical Performance: Historical performance data unavailable in structured array format.
Benchmark Comparison: Benchmark comparison unavailable in structured array format.
Expense Ratio: 0.28
Liquidity
Average Trading Volume
BAB's average trading volume indicates moderate liquidity, allowing for relatively easy buying and selling of shares.
Bid-Ask Spread
The bid-ask spread for BAB is generally tight, reflecting reasonable trading costs.
Market Dynamics
Market Environment Factors
BAB is affected by interest rate changes, credit spreads, and overall market sentiment towards fixed income. Tax law changes and municipal finance trends also play a role.
Growth Trajectory
The growth trajectory of BAB depends on the demand for taxable municipal bonds and the overall interest rate environment. Changes in strategy or holdings are influenced by index rebalancing and market conditions.
Moat and Competitive Advantages
Competitive Edge
BAB's competitive advantage lies in its specific focus on taxable municipal bonds, catering to investors seeking income with potential tax benefits or those for whom tax-exempt bonds are unsuitable. Invesco's experience in managing fixed income ETFs also provides a level of investor confidence. The ETF offers diversification within the taxable municipal bond market. However, its AUM is relatively smaller compared to some of its competitors, which can affect liquidity.
Risk Analysis
Volatility
BAB's volatility is moderate, generally reflecting the characteristics of fixed income investments. It's less volatile than equity ETFs but more volatile than money market funds.
Market Risk
The primary market risks associated with BAB include interest rate risk (bond prices fall when interest rates rise) and credit risk (the risk that bond issuers may default).
Investor Profile
Ideal Investor Profile
The ideal investor for BAB is someone seeking income from taxable municipal bonds, looking for diversification within a fixed income portfolio, and comfortable with moderate interest rate risk.
Market Risk
BAB is suitable for long-term investors and passive index followers seeking exposure to taxable municipal bonds. It may not be ideal for active traders due to its moderate volatility.
Summary
The Invesco Taxable Municipal Bond ETF (BAB) offers exposure to the taxable municipal bond market, tracking the ICE BofA US Taxable Municipal Securities Plus Index. It's managed by Invesco, a reputable issuer, and provides moderate income potential. The ETF carries interest rate and credit risks, making it suitable for long-term investors seeking diversification and income within a fixed income allocation. It competes with larger municipal bond ETFs, and its performance is influenced by market interest rates and credit spreads.
Peer Comparison
Sources and Disclaimers
Data Sources:
- Invesco website
- Morningstar
- ETF.com
Disclaimers:
The information provided is for informational purposes only and does not constitute investment advice. Past performance is not indicative of future results. Consult with a qualified financial advisor before making any investment decisions.
AI Summarization is directionally correct and might not be accurate.
Summarized information shown could be a few years old and not current.
Fundamental Rating based on AI could be based on old data.
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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