VRD - SPDR S&P VRDO Municipal Bond ETF Fact Sheet
VRD Tracks This Index: Municipal VRDO Index
Description: The Municipal VRDO Index is a rules-based, market-value weighted index engineered for the municipal variable rate demand obligation bond market. To be included in the Municipal VRDO Index a security must: (i) be issued by a state (including Puerto Rico and U.S. territories) or local government or agency such that interest on the security is exempt from U.S. federal income taxes; (ii) be priced at par; (iii) have a minimum par amount of $10 million
Description: The Municipal VRDO Index is a rules-based, market-value weighted index engineered for the municipal variable rate demand obligation bond market. To be included in the Municipal VRDO Index a security must: (i) be issued by a state (including Puerto Rico and U.S. territories) or local government or agency such that interest on the security is exempt from U.S. federal income taxes; (ii) be priced at par; (iii) have a minimum par amount of $10 million
- Issuer: State Street
- Expense Ratio: 0.20%
- ETFdb Category: Money Market
- ETF Home Page: VRD
- Inception: 2009-09-23
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.
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