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. With that being said, HYMB targets bonds that are rated below investment grade and thus contains issues that have a much higher chance of default. Due to this, HYMB pays out a yield that is far superior to any other funds in the category including MLN which targets long-dated issues. The fund also offers reasonable levels of diversification although not as much as other products in the segment; it holds about 55 securities in total with just 21% of assets going to the top ten holdings. Due to its reasonable level of diversification and its ultra high yield, HYMB could be a decent choice for investors seeking additional current income and are willing to add more risk to their portfolios. Just make sure to use HYMB sparingly and do not allocate all of your muni bond holdings to this somewhat risky fund.
The adjacent table gives investors an individual Realtime Rating for HYMB 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.com Category.
|US Municipal Tax Advantaged||96.02%|
|Cash And Equivalents||1.81%|
|Agency Mortgage Backed||0.0%|
|Commercial Mortgage Backed||0.0%|
|Non Agency Residential Mortgage Backed||0.0%|
|0% to 1%||2.74%|
|1% to 2%||0.15%|
|2% to 3%||0.46%|
|3% to 4%||7.02%|
|4% to 5%||40.89%|
|5% to 6%||34.74%|
|6% to 7%||9.04%|
|7% to 8%||1.92%|
|8% to 9%||0.94%|
|9% to 10%||0.28%|
|Greater Than 10%||0.0%|
|Less Than 1 Year||0.54%|
This ETF is currently available for commission free trading on the following platforms: (Charles Schwab)
There are 5 other ETFs in the National Munis ETFdb.com Category that are also eligible for commission free trading:
This section shows how this ETF has performed relative to its peer group ETFdb.com 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 HYMB 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.com Category.
2014 Morningstar, Inc. All Rights Reserved. The information contained herein: ( 1 ) is proprietary to Morningstar and/or its content providers; ( 2 ) may not be copied or distributed; and ( 3 ) is not warranted to be accurate, complete or timely. Neither Morningstar nor its content providers are responsible for any damages or losses arising from any use of this information. Past performance is no guarantee of future results.