By sector
Spot concentrations at a glance. Share of the fund's portfolio, as supplied by FE fundinfo, last updated 7 Oct 2026.
Local Government Bonds100.0%
Invesco ISIN US46138G8050
Invesco Taxable Municipal Bond ETF
Invesco Taxable Municipal Bond ETF (BAB) is a passive bond ETF from Invesco, ISIN US46138G8050.
- Passive
- Bond
- United States
- Fund size (GBP) £1.1B
The Invesco Taxable Municipal Bond ETF (Fund) is based on the ICE BofAML US Taxable Municipal Securities Plus Index (Index). The Fund will normally invest at least 80% of its total assets in the securities that comprise the Index. The Index is designed to track the performance of US dollardenominated taxable municipal debt publicly issued by US states and territories, and their political subdivisions, in the US market. The Fund does not purchase all of the securities in the Index; instead, the Fund utilizes a "sampling" methodology to seek to achieve its investment objective. The Fund and the Index are rebalanced and reconstituted monthly.
How the fund has returned, and where it ranks among peers. Returns to Sep 2026 end, GBP net total return.
−2.8%
Q4
1 year return
+1.3%
Q3
3 year return
−8.3%
Q4
5 year return
Daily NAV, percent change from the start of the range. Source: FE fundinfo.
- 1 month −1.6%
- 3 months −5.0%
- Volatility, 3 years 8.4%
- Ongoing charge (OCF)
- Fund size (GBP) £1.1B
What the fund holds
Where the money is: sectors, countries and largest holdings. As supplied by FE fundinfo, last updated 7 Oct 2026. Swipe or use the arrows for more panels.
By country
Spot concentrations at a glance. Share of the fund's portfolio, as supplied by FE fundinfo, last updated 7 Oct 2026.
California23.0%
New York14.2%
Texas11.0%
See all countriesA free account shows the full list.
By asset class
Spot concentrations at a glance. Share of the fund's portfolio, as supplied by FE fundinfo, last updated 7 Oct 2026.
US Fixed Interest100.0%
Largest holdings
The biggest positions, and how concentrated the fund is. As supplied by FE fundinfo, last updated 7 Oct 2026.
-
1. STATE OF ILLINOIS 5.10 01 JUN 20331.4%
-
2. STATE OF CALIFORNIA 7.55 01 APR 20391.3%
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3. STATE OF CALIFORNIA 7.60 01 NOV 20400.9%
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4. STATE OF CALIFORNIA 7.50 01 APR 20340.8%
-
5. STATE OF ILLINOIS 6.90 01 MAR 20350.8%
See all holdingsA free account shows the full list.
Macro events and this fund
Recent events linked to this fund by its country and sector exposure, and how it moved after. A measured move, not a cause.
Performance, risk and facts
Judge return, risk and cost before a client conversation. Relative return uses the chart's time range. Facts as reported by the manager.
Against its benchmark
How the fund compares with its benchmark over the same period.
Risk
How bumpy the ride has been, plus the regulatory risk rating.
Volatility, 3 years8.4%
Scale 0 to 40%
Sharpe ratio, 3 years (FE)0.21
Scale −1 to 3
- Largest fall from a peak (maximum drawdown), 3 years
- −9.4%
- Alpha, 3 years (FE)
- −0.91
- Beta, 3 years (FE)
- 1.85
Volatility and maximum drawdown: calculated by Funds Benchmark, as at 30 Sep 2026.
Sharpe, alpha, beta: FE fundinfo, as at 7 Jul 2026.
Fund facts
Legal and cost facts for a client note. As reported by the manager.
- ISIN
- US46138G8050
- Ongoing charge
- Share class launch date
- 17 Nov 2009
- Domicile
- US
- Fund type
- open-ended fund
What a sum would have become
What an amount would have grown to over the period.
n/a
Past performance is not a reliable guide to future returns. Capital is at risk. Source: FE fundinfo. Returns are GBP net total return to month end unless stated. Headline returns to Sep 2026. Fund size is shown in GBP.
Managed by Invesco
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