BAB Fees and Costs — Invesco Taxable Municipal Bond ETF
Data updated: 2026-07-29
The net expense ratio is 0.28%. There are no sales loads or redemption fees. Portfolio turnover was 6%.
BAB Fees and Expenses
Annual operating expenses and sales charges of BAB. Prospectus, as of December 31, 2025.
| Annual operating expenses | |
|---|---|
| Management fee | 0.28% |
| 12b-1 fee | — |
| Other expenses | 0.00% |
| Gross expense ratio | 0.28% |
| Fee waiver | — |
| Net expense ratio | 0.28% |
| Sales charges | |
|---|---|
| Max front load | — |
| Max deferred load | — |
| Redemption fee | — |
| Expense limitation in place (N-CEN) | Yes |
| Fees waived or reduced during the year | Yes |
| Waived fees subject to recoupment | No |
BAB Costs Over Time
On $10,000 invested in BAB, assuming 5% a year before costs, total costs come to $178 over 5 years, cutting the return by 0.29% a year. Illustration, not a forecast: it assumes today's net expense ratio throughout (a fee waiver may end).
| $10,000 invested | Sell after 1 year | Sell after 3 years | Sell after 5 years |
|---|---|---|---|
| Value before costs | $10,500 | $11,576 | $12,763 |
| Fund expenses (net expense ratio 0.28%) | $29 | $92 | $162 |
| Lost growth on money paid in costs | $0 | $5 | $16 |
| Total costs | $29 | $97 | $178 |
| Value after costs | $10,471 | $11,479 | $12,585 |
| Impact on return, per year | 0.29% | 0.29% | 0.29% |
BAB Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending August 31, 2025.
- Explicit cost rate (commissions ÷ average net assets): —
- Total broker commissions: —
- Bought from dealers (principal trades, not a cost): $588.8M
- Portfolio turnover (prospectus): 6%
- Securities lending: none during the year
BAB Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| BNY MELLON CAPITAL MARKETS, LLC | $304.8M | 52.56% |
| MORGAN STANLEY & CO. LLC | $168.7M | 29.08% |
| GOLDMAN, SACHS & CO. | $66.7M | 11.51% |
| HEADLANDS TECHNOLOGIES SECURITIES, LLC | $14.3M | 2.47% |
| UBS FINANCIAL SERVICES INC. | $7.6M | 1.31% |
| STERN BROTHERS & CO. | $5.3M | 0.92% |
| SAMUEL A RAMIREZ & CO., INC. | $3.8M | 0.65% |
| MERRILL LYNCH, PIERCE, FENNER & SMITH INC. | $3.0M | 0.52% |
| RAYMOND JAMES & ASSOCIATES, INC. | $2.9M | 0.50% |
| BARCLAYS CAPITAL INC. | $2.8M | 0.48% |
For information only. Not investment advice: figures are as reported in SEC filings and may contain errors or be out of date. Past performance does not guarantee future results.