The Invesco Taxable Municipal Bond ETF aims to mirror the performance of the ICE BofAML US Taxable Municipal Securities Plus Index. Typically, the ETF allocates at least 80% of its total assets to the securities that make up this index. The index itself tracks US dollar-denominated taxable municipal bonds, publicly issued by US states, territories, and their political subdivisions, within the US market. Instead of purchasing every security in the index, the Fund utilizes a "sampling" approach to meet its investment objective. Both the Fund and its benchmark index are rebalanced and reconstituted monthly. As of August 31, 2025, the Fund held an overall Morningstar rating of 4 stars, placing it among 165 comparable funds. Its performance across various timeframes also received high marks: 5 stars for the 3-year period (out of 165 funds), 2 stars for the 5-year period (out of 158 funds), and 5 stars for the 10-year period (out of 115 funds). These ratings are provided by Morningstar Inc. and are based on a risk-adjusted return metric that emphasizes consistent performance and accounts for downside volatility. For comparative purposes, open-end mutual funds and exchange-traded funds are evaluated together as a single group. Only funds with a minimum of three years of operational history are eligible for rating. The overall star rating is a weighted average of the 3-, 5-, and 10-year performance metrics, where applicable, factoring in all fees and expenses but excluding sales charges. Morningstar's methodology assigns 5 stars to the top 10% of funds in a category, 4 stars to the subsequent 22.5%, 3 stars to the next 35%, 2 stars to the following 22.5%, and 1 star to the bottom 10%. These ratings can fluctuate each month. It's important to note that if fees had not been reduced or expenses reimbursed, the Morningstar rating might have been lower. Additionally, performance characteristics can vary across different share classes, potentially leading to different ratings. This information is proprietary to Morningstar Inc. and its content providers; it may not be copied, distributed, or guaranteed for accuracy, completeness, or timeliness. Morningstar and its providers are not liable for any damages or losses from its use. Investors should remember that past performance is not indicative of future returns.

California BanCorp

Northeast Bank

BAB Holdings & Sector Breakdown

BAB Holdings & Sector Breakdown