This fund tracks an index of municipal bonds, a slice of the bond market that is highly coveted due to its tax features. These bonds are generally free from federal taxes and in some cases, state and local income taxes as well making these funds crucial components of portfolios for those in high tax brackets. Muni bonds are used by local entities to pay for a variety of services or to make improvements to infrastructure paying for everything from new sewer systems to school renovations and bridge construction as such, they are relatively low risk instruments. This particular fund targets munis that mostly mature between three and 15 years from now, giving the fund both a moderate risk and current income profile. As a result, GMMB is a solid choice for investors seeking exposure to the muni market but with moderate levels of risk. However, the fund has one of the worst levels of diversification in the national muni space holding under 25 securities in total. This results in just under 50% of the fund's total assets going to just 10 companies, suggesting that the product is heavily concentrated. Furthermore, at 35 basis points the fund charges one of the highest expense ratios in the industry, almost double what ITM charges for similar exposure. So thanks to its high cost and low levels of diversification, investors should stay away from GMMB at all costs and seek more versatile funds elsewhere instead.
The adjacent table gives investors an individual Realtime Rating for GMMB on several different metrics, including liquidity, expenses, performance, volatility, dividend, concentration of holdings in addition to an overall rating. The "A+ Metric Rated ETF" field, available to ETFdb Pro members, shows the ETF in the National Munis with the highest Metric Realtime Rating for each individual field. To view all of this data, sign up for a free 14-day trial for ETFdb Pro. To view information on how the ETFdb Realtime Ratings work, click here.View the Category Report
The following tables and charts contain in-depth metrics for this ETF and compare it to similar peer ETFs within its ETFdb Category.
|US Municipal Tax Advantaged||94.13%|
|Cash And Equivalents||5.87%|
|Agency Mortgage Backed||0.0%|
|Commercial Mortgage Backed||0.0%|
|Non Agency Residential Mortgage Backed||0.0%|
|0% to 1%||2.87%|
|1% to 2%||0.0%|
|2% to 3%||0.0%|
|3% to 4%||3.5%|
|4% to 5%||73.22%|
|5% to 6%||14.54%|
|6% to 7%||0.0%|
|7% to 8%||0.0%|
|8% to 9%||0.0%|
|9% to 10%||0.0%|
|Greater Than 10%||0.0%|
|Less Than 1 Year||2.96%|
This ETF is not currently available for commission free trading on any platforms.
There are 6 other ETFs in the National Munis ETFdb Category that are also eligible for commission free trading:
This section shows how this ETF has performed relative to its peer group ETFdb Category.
The following charts can be customized to display historical performance in a number of different formats, including line charts, bar charts, and candlesticks. Time periods can be adjusted to increase or decrease the period shown, ranging from five minutes to several months.
The following chart also includes the option to compare the performance of GMMB relative to other ETFs and benchmarks or to include indicators such as Bollinger Bands, relative strength, and moving averages.
This section shows how the volatility of this ETF compares to the peer group ETFdb Category.
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