PowerShares Build America Bond Portfolio (BAB)
- Fixed Income | Municipal Debt Funds
U.S. News evaluated 32 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|
The investment seeks investment results that generally correspond to the price and yield (before fees and expenses) of the BofA Merrill Lynch Build America Bond Index (the "underlying index"). The fund generally invests at least 80% of its total assets in taxable municipal securities eligible to participate in the Build America Bond program created under the American Recovery and Reinvestment Act of 2009 (the "Act") or other legislation providing for the issuance of taxable municipal securities on which the issuer receives federal support of the interest paid ("Build America Bonds") and that comprise the underlying index.
Fund Snapshot Updated 12.05.2013
|Previous Close||$27.53||Expense Ratio||0.35%|
|YTD Return||5.2%||Avg. 30-Day Volume||146,038|
|1-Year Return||6.3%||Market Cap||Loading...|