Invesco Taxable Municipal Bond ETF
Find Ratings Reports- Last Ratings Update:02/29/2024
- Price as of 02/29/2024 :$26.50
- Net Assets:$0 Million
- NAV:$26.63
- Premium-0.49%
- Peer Rank:41 of 62
- Investment Rating:D+
- Performance:D
- RiskB-
We rate Invesco Taxable Municipal Bond at D+. Negative factors that influence this rating include a well below average total return. The fund invests approximately 97% of its assets in bonds and may be considered for investors seeking a Government Bond strategy.
Total return ranks well below peers over the last three years. The Invesco Taxable Municipal Bond has returned an annual rate of 4.53% since inception. More recently, the fund has generated a total return of 0.41% in the last five years, -3.22% in the last three years, and 5.20% in the last year. How does that compare to other equity funds? In the last five years, it has outperformed 15% of them. It has also outpaced 19% of its competitors on a three year basis and 29% of them over the last year for the period ending 2/29/2024. On a year to date basis, BAB has returned -0.58%.
Downside risk has been below average. BAB has a draw down risk of -26.98%, which is the largest price decline experienced over the last three years. This fund has a three year standard deviation of 9.5%. This fund has had a low level of volatility in its monthly performance over the last 36 months.
Low expense ratio helps performance. As BAB is an exchange traded fund, it has no front end or back end load.
The Invesco Taxable Municipal Bond is managed by Peter Hubbard at Invesco Capital Management LLC. This fund is one of 201 Invesco Capital Management LLC exchange-traded funds launched since 3/10/1999 that we track.