The Xtrackers Municipal Infrastructure Revenue Bond Fund (RVNU) tracks an index of investment-grade municipal bonds backed by revenue from local infrastructure projects like airports, water and sewer, and toll roads. Holdings include bonds issued by the New York City water and sewer system, the San Francisco City & County Airports, and the Tampa-Hillsborough County Expressway Authority. It’s a narrow slice of the muni bond market, which may increase credit risk.
While there are plenty of muni bond ETFs on the market as well as other infrastructure funds out there — such as the FlexShares STOXX Global Broad Infrastructure Index Fund (NFRA) or the ProShares DJ Brookfield Global Infrastructure ETF (TOLZ) — RVNU is an unusual hybrid. RVNU is competitively priced for the ETFdb national muni category.
Investors looking for something a little more conventional in the muni space might consider, iShares National AMT-Free Muni Bond ETF (MUB) or the Vanguard Tax-Exempt Bond Index ETF (VTEB), the two largest funds in the category.
This section compares how balanced and deep this ETF is relative to its peers.
| RVNU | ETF Database Category Average | FactSet Segment Average | |
|---|---|---|---|
| Number of Holdings | 396 | 833 | 1071 |
| % of Assets in Top 10 | 10.87% | 18.27% | 10.70% |
| % of Assets in Top 15 | 15.07% | 22.34% | 14.26% |
| % of Assets in Top 50 | 38.29% | 40.58% | 33.71% |
| RVNU | ETF Database Category Average | FactSet Segment Average | |
|---|---|---|---|
| Large (>12.9B) | N/A | N/A | N/A |
| Mid (>2.7B) | N/A | N/A | N/A |
| Small (>600M) | N/A | N/A | N/A |
| Micro (<600M) | N/A | N/A | N/A |
This section compares the P/E ratio of this ETF to its peers.
This section compares the dividend yield of this ETF to its peers.
| RVNU | ETF Database Category Average | FactSet Segment Average | |
|---|---|---|---|
| Dividend | $ 0.05 | $ 0.05 | $ 0.05 |
| Dividend Date | 2021-10-01 | N/A | N/A |
| Annual Dividend Rate | $ 0.66 | $ 0.60 | $ 0.66 |
| Annual Dividend Yield | 2.28% | 1.54% | 2.11% |
View charts featuring ETF fund flow data.
5 Day Net Flows: 0 1 Month Net Flows: 1.45 M 3 Month Net Flows: 14.75 M 6 Month Net Flows: 22.1 M 1 Year Net Flows: 43.73 M 3 Year Net Flows: 89.82 M 5 Year Net Flows: 82.01 M 10 Year Net Flows: 142.93 MView charts that break down the influence that fund flows and price had on overall assets.
The adjacent table gives investors an individual Realtime Rating for RVNU 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 ETF Database 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 ETF Database Pro. To view information on how the ETF Database Realtime Ratings work, click here.
This section compares the cost efficiency of this ETF to its peers.
| Max ST Capital Gains Rate | 39.60% |
| Max LT Capital Gains Rate | 20.00% |
| Tax On Distributions | Ordinary income |
| Distributes K1 | No |
RVNU 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 peers.
| RVNU |
ETF Database
Category Average |
Factset Segment
Average |
|
|---|---|---|---|
| 1 Month Return | -1.45% | -0.83% | -1.34% |
| 3 Month Return | -2.23% | -1.06% | -2.06% |
| YTD Return | 0.64% | 0.75% | -0.06% |
| 1 Year Return | 4.88% | 2.53% | 3.06% |
| 3 Year Return | 21.14% | 8.90% | 20.03% |
| 5 Year Return | 21.58% | 6.12% | 14.51% |
The following charts reflect the geographic spread of RVNU's underlying holdings.
The following charts reflect the allocation of RVNU's underlying holdings.
| Asset | Percentage |
|---|---|
| Municipal | 99.19% |
| Sovereign | 0.38% |
| Other | 0.34% |
| CASH | 0.1% |
| Bond Sector | Percentage |
|---|
| Maturity | Percentage |
|---|---|
| Less Than 1 Year | 0.0% |
| 1-3 Years | 0.0% |
| 3-5 Years | 0.0% |
| 5-7 Years | 0.0% |
| 7-10 Years | 0.0% |
| 10-15 Years | 0.0% |
| 15-20 Years | 0.0% |
| 20-30 Years | 0.0% |
| 30+ Years | 0.0% |
| Asset | Percentage |
|---|---|
| Municipal | 99.19% |
| Sovereign | 0.38% |
| Other | 0.34% |
| CASH | 0.1% |
This section shows how the volatility of this ETF compares to the peer group ETF Database Category.
ETF Database's Financial Advisor Reports are designed as an easy handout for clients to explain the key information on a fund. Includes new analyst insights and classification data.
Fact sheets are issued by the ETF provider and framed by ETF Database. Information contained within the fact sheet is not guaranteed to be timely or accurate.
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