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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.
This section compares how balanced and deep this ETF is relative to the peer group ETFdb.com Category.
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This section shows how the P/E multiple of this ETF compares to the peer group ETFdb.com Category.
This section shows how the dividend yield of this ETF compares to the peer group ETFdb.com Category.
View charts featuring ETF fund flow data.5 Day Net Flows: 14.19 M 1 Month Net Flows: 22.7 M 3 Month Net Flows: 62.1 M 6 Month Net Flows: 112.69 M 1 Year Net Flows: 215.47 M 3 Year Net Flows: 297.92 M 5 Year Net Flows: 340.94 M 10 Year Net Flows: 506.24 M
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.
MUNI does not have an ESG score. There are no ESG themes that map to this ETF.
This section shows how this ETF has performed relative to its peer group ETFdb.com Category.
This section shows how the volatility of this ETF compares to the peer group ETFdb.com Category.
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