ETFdb Realtime Rating & Analyst Report for VRD
VRD is a passive ETF that seeks to replicate the Municipal VRDO Index. 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
| ETFdb Category | Expense Ratio | Inception Date | Issuer | Structure | YTD Return * |
|---|---|---|---|---|---|
| Money Market | 0.20% | 2009-09-23 | State Street | ETF | -0.29% |
* As of 05-24-2012
VRD Realtime Rating: By Metric
| Metric | Metric Realtime Rating | A+ Metric Rated ETF |
|---|---|---|
| Liquidity | B- | BIL |
| Expenses | A- | BIL |
| Performance |  |
|
| Volatility | |
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| Dividend | |
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| Concentration | |
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The first adjacent table gives investors an individual Realtime Rating for VRD on several different metrics, including liquidity, expenses, performance, volatility, dividend, and concentration of holdings. The "A+ Metric Rated ETF" field, available to ETFdb Pro members, shows the ETF in the Money Market ETFdb Category with the highest Metric Realtime Rating for each individual field.
VRD Realtime Rating: Overall
| ETFdb Rating Type | Overall Rating | A+ Overall Rated ETF |
|---|---|---|
| Realtime Rating (Overall) | |
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The second table shows the overall Realtime Rating for VRD, as well as the A+ Overall Rated ETF in VRD's Category. To view information on how the ETFdb Realtime Ratings work, click here.
ETFdb Analyst Report for VRD
This ETF offers exposure to the ultrashort end of the maturity curve, focusing on tax-exempt Variable Rate Demand Obligations or VRDOs. These issues are issued by municipalities and reset on a weekly basis, meaning it has virtually no interest rate risk. VRD can be a great safe haven to park assets...
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