Invesco Taxable Municipal Bond ETF
Invesco Taxable Municipal Bond ETF (AMEX: BAB) is an exchange-traded fund listed on NYSE Arca, trading at $25.45 (about ₹2,444 a unit) as of 25 Sep 2026, 2:04 PM ET. It has an expense ratio of 0.28% and holds 2,070 securities. Indian residents can buy BAB through Paasa under the RBI's Liberalised Remittance Scheme.
Quote
Today's low
$25.41
Today's high
$25.56
52 week low
$25.40
52 week high
$27.73
BAB opened at $25.55, closed previously at $25.50, and has traded between $25.40 and $27.73 over the past 52 weeks.
About
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.
Key statistics
Expense ratio
0.28%
Assets (AUM)
$855.9M
Holdings
2,070
NAV
$25.70
Avg. volume
—
1-year price change
-6.36%
5-year price change
-23.14%
Price change excludes dividends.
Top 10 holdings
BAB holds 2,070 securities in total. These 10 are 10.0% of the fund.
How to buy BAB from India
Indian residents can buy BAB units through Paasa in three steps. Funds leave India under the RBI's Liberalised Remittance Scheme and the units are held in your own name with Interactive Brokers.
Open your Paasa account
KYC takes a few minutes: PAN, Aadhaar and address proof. Your brokerage account is opened in your own name with Interactive Brokers.
Add funds from your Indian bank account
Remit up to $250,000 a year under the RBI's Liberalised Remittance Scheme. Your bank converts the rupees to US dollars at its rate on the day you remit.
Search BAB and buy
Find the fund by its ticker, BAB, on NYSE Arca, and place your order. Fractional units are available and there is no minimum trade size, so you can buy by amount.
Read the full guide: how to invest in BAB from India
Trading and taxes when buying BAB from India
Trading and limits
- Trading hours
- 9:30 am – 4:00 pm ET
- LRS limit
- $250,000Per financial year, under the RBI's Liberalised Remittance Scheme.
Tax for Indian residents
- TCS on remittance
- 20%Collected by your bank on LRS remittances above ₹10 lakh in a financial year. The TCS is adjustable against your income-tax liability.Adjusting TCS against your tax
- Capital gains in India
- Taxable in IndiaGains are taxable in India. Debt-oriented funds can be taxed differently from equity funds, so confirm your rate before selling.
- Dividends
- Slab rateIt pays the dividends from its holdings out to you in cash, and dividends are taxed at your slab rate in India.Dividend tax explained
- US estate tax
- May applyUS-situs assets such as US-listed shares can be exposed to US estate tax for non-US persons.US estate tax calculator
Custody. Units are held in your own name at Interactive Brokers LLC and are SIPC-insured up to $500,000 in total, including $250,000 for cash.
FAQs
What is the BAB price today?
Invesco Taxable Municipal Bond ETF (BAB) last traded at $25.45 on NYSE Arca, as of 25 Sep 2026, 2:04 PM ET. That is ₹2,444 a unit at the 24 Sep 2026 USD/INR rate.
When does BAB trade, in Indian time?
NYSE Arca trades 7:00 pm – 1:30 am IST, so the close lands after midnight. The window shifts to 8:00 pm – 2:30 am IST when the US is on standard time. Orders can only execute during that window.
How big is BAB, and what does it cost to hold?
Invesco Taxable Municipal Bond ETF manages about $855.9M. Its expense ratio is 0.28% a year, deducted inside the fund. It launched in 2009.
What are BAB's largest holdings?
The top three are State of Illinois 5.10% 06/01/2033 (1.6%), USD Pending Dividends (1.4%) and State of California 7.55% 04/01/2039 (1.3%). BAB's 10 largest positions make up 10.0% of the fund.
Does BAB pay dividends?
Yes. BAB is a distributing fund and pays the dividends from its holdings out in cash. In India they are taxed at your slab rate.
How are gains on BAB taxed in India?
Gains are taxable in India. Debt-oriented funds can be taxed differently from equity funds, so confirm your rate before selling.
Can I buy fractional units of BAB?
Yes. You can buy BAB by amount rather than by whole unit, and there is no minimum trade size.
How has BAB performed?
BAB's price is down 6.4% over the past year and down 23.1% over five years. These figures are price change only and exclude dividends; past performance does not guarantee future returns.