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  • ETF
  • MUNI
    Pricing Data
    $54.77
    Change: $0.03 (-0.0%)
    Time: 09/23/16
    Previous Close: $54.80
  • Category
  • National Munis
Last Updated:

Profile

Vitals

Trading Data

Open: - Volume -
Day Lo - Day Hi -
  • 52 Week Lo: $52.43
  • 52 Week Hi: $55.38
  • AUM: $260.6 M
  • Shares: 4.8 M

Investment Themes

Historical Trading Data

  • 1 Month Avg. Volume: 28,848
  • 3 Month Avg. Volume: 22,129

Alternative ETFs in the National Munis Category

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Type Ticker Expense Ratio Assets Avg. Daily Vol YTD Return
Cheapest
Largest (AUM)
Most Liquid (Volume)
Top YTD Performer

Analyst Report

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 five and ten years from now, giving the fund both a moderate risk and current income profile. As a result MUNI is a solid choice for investors seeking broad exposure to the muni market but with moderate levels of risk. The fund still has solid levels of diversification-- holding over 120 securities-- and an average expense ratio, making it a decent building block of portfolios. However, investors should be aware that this fund is active and as a result costs a little more than other products, holds fewer securities and could underperform a benchmark. However, the watchful eye of a professional could make this an outperforming fund and could potentially add alpha if the manager selects the right securities.

Realtime Rating

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Realtime Rating Summary

The adjacent table gives investors an individual Realtime Rating for MUNI 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.

Compare to another ETF

View the Category Report

MUNI Overall Realtime Rating:

A+ Overall Rated ETF:

Metric Metric Realtime Rating A+ Metric Rated ETF
Liquidity B n/a
Expenses C+ n/a
Performance
Volatility
Dividend
Concentration

Knowledge Centers

MUNI In-Depth Analysis

The following tables and charts contain in-depth metrics for this ETF and compare it to similar peer ETFs within its ETFdb Category.

MUNI Holdings

Filings Data as of: Sep 05, 2016
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Concentration Analysis

This section compares how balanced and deep this ETF is relative to the peer group ETFdb Category.

Number of Holdings
Rank:
171
Category Low
Category High
% Assets in Top 10
Rank:
19.26%
Category Low
Category High

Asset Allocation

Asset Percentage
U.S. Stocks 0.0%
International Stocks 0.0%
U.S. Bonds 85.08%
International Bonds 0.0%
Preferred Stock 0.0%
Convertibles 0.0%
Cash 14.31%
Other 0.61%

Bond Sector Breakdown

Bond Sector Percentage
Treasury 0.0%
TIPS 0.0%
U.S. Agency 0.0%
MBS 0.0%
U.S. Corporate 0.0%
Asset-Backed 0.0%
Convertible 0.0%
Muni 0.0%
Foreign Government 0.0%
Foreign Corporate 0.0%
Other 100.0%

Bond Detailed Sector Breakdown

Bond Sector Percentage
US Municipal Tax Advantaged 85.08%
Cash And Equivalents 15.36%
Agency Mortgage Backed 0.0%
Future Forward 0.0%
Asset Backed 0.0%
Covered Bond 0.0%
Commercial Mortgage Backed 0.0%
Non Agency Residential Mortgage Backed 0.0%
Sector Swap 0.0%
Preferred 0.0%
Corporate Bond 0.0%
Convertible 0.0%
Bank Loan 0.0%
Option Warrant 0.0%
Municipal Taxable 0.0%
Government Related 0.0%
Government 0.0%

Coupon Breakdown

Coupon Range Percentage
0% to 1% 6.52%
1% to 2% 5.16%
2% to 3% 2.27%
3% to 4% 2.41%
4% to 5% 62.37%
5% to 6% 6.36%
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%

Credit Quality

Credit Percentage

Maturity Breakdown

Maturity Percentage
Less Than 1 Year 0.0%
1-3 Years 7.99%
3-5 Years 7.47%
5-7 Years 15.08%
7-10 Years 15.53%
10-15 Years 25.45%
15-20 Years 8.8%
20-30 Years 3.62%
30+ Years 1.15%

MUNI Expenses & Fees

This section compares the cost efficiency of this ETF to peers in the same ETFdb Category.

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Expenses Ratio Analysis

ETF Average
0.575%
ETF Wtd. Average
0.26%
Category Average
0.30%
Expense Ratio
Rank:
0.35%
Category Low
Category High

Commission Free Trading

This ETF is not currently available for commission free trading on any platforms.

Category Commission Free Trading

There are 6 other ETFs in the National Munis ETFdb Category that are also eligible for commission free trading:

MUNI Performance

This section shows how this ETF has performed relative to its peer group ETFdb Category.

1 Week Return
Rank:
No Ranking Available
Category Low
Category High
4 Week Return
Rank:
-0.58%
Category Low
Category High
13 Week Return
Rank:
-0.33%
Category Low
Category High
26 Week Return
Rank:
1.78%
Category Low
Category High
Year to Date Return
Rank:
2.27%
Category Low
Category High
1 Year Return
Rank:
4.35%
Category Low
Category High
3 Year Return
Rank:
11.11%
Category Low
Category High
5 Year Return
Rank:
14.26%
Category Low
Category High

Charts

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 MUNI relative to other ETFs and benchmarks or to include indicators such as Bollinger Bands, relative strength, and moving averages.

MUNI Valuation

This section shows how the P/E multiple of this ETF compares to the peer group ETFdb Category.

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P/E Ratio
Rank:
No Ranking Available
Category Low
Category High

MUNI Dividend

This section shows how the dividend yield of this ETF compares to the peer group ETFdb Category.

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Dividend
$0.10
Dividend Date
2016-09-01
Annual Dividend Rate
$0.73
Annual Dividend Yield
Rank:
1.34%
Category Low
Category High

MUNI Technicals

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Volatility Analysis

This section shows how the volatility of this ETF compares to the peer group ETFdb Category.

5 Day Volatility
Rank:
1.93%
Category Low
Category High
20 Day Volatility
Rank:
2.19%
Category Low
Category High
50 Day Volatility
Rank:
2.53%
Category Low
Category High
200 Day Volatility
Rank:
2.57%
Category Low
Category High
Beta
Rank:
-0.22
Category Low
Category High
Standard Deviation
Rank:
0.77%
Category Low
Category High

Technicals

  • 20 Day MA: $54.90
  • 60 Day MA: $54.93
  • MACD 15 Period: -0.07
  • MACD 100 Period: -0.01
  • Williams % Range 10 Day: 47.06
  • Williams % Range 20 Day: 60.83
  • RSI 10 Day: 41
  • RSI 20 Day: 45
  • RSI 30 Day: 48
  • Ultimate Oscillator: 61

Bollinger Brands

  • Lower Bollinger (10 Day): $54.68
  • Upper Bollinger (10 Day): $54.87
  • Lower Bollinger (20 Day): $54.63
  • Upper Bollinger (20 Day): $55.16
  • Lower Bollinger (30 Day): $54.67
  • Upper Bollinger (30 Day): $55.18

Support & Resistance

  • Support Level 1: n/a
  • Support Level 2: $54.70
  • Resistance Level 1: n/a
  • Resistance Level 2: $54.84

Stochastic

  • Stochastic Oscillator %D (1 Day): 70.40
  • Stochastic Oscillator %D (5 Day): 60.75
  • Stochastic Oscillator %K (1 Day): 65.69
  • Stochastic Oscillator %K (5 Day): 48.66

Fact Sheet

Fact sheets are issued by the ETF provider and framed by ETFdb.com. Information contained within the fact sheet is not guaranteed to be timely or accurate.

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.