Best Fit Municipal Debt Funds ETFs
U.S. News evaluated 31 Municipal Debt Funds ETFs and 13 make our Best Fit list. Our list highlights the best passively managed funds for long-term investors. Rankings are assigned based on comparisons with Best Fit funds in this category.
| Best Fit Scorecard | |
|---|---|
| Costs | Excellent |
| Tracking Error | Good |
| Bid/Ask Ratio | Excellent |
| Holdings Diversity | Excellent |
Fund Description
The investment seeks investment results that correspond generally to the price and yield performance, before fees and expenses, of the S&P New York AMT-Free Municipal Bond IndexTM (the "underlying index"). The fund generally invests at least 80% of its assets in the securities of the underlying index and generally invests 90% of its assets in the securities of the underlying index and in securities that provide substantially similar exposure to the securities in the underlying index. The underlying index measures the performance of the investment grade segment of the New York municipal bond market. The fund is non-diversified.
Fund Snapshot Updated 05.23.2013
| Previous Close | $110.79 | Expense Ratio | 0.25% |
| YTD Return | 0.7% | Avg. 30-Day Volume | 4,691 |
| 1-Year Return | 3.1% | Market Cap | Loading... |
| Bid | $111.24 | Shares Outstanding | 1,300,000 |
| Ask | $111.34 | Dividends | $3.35 |
