MUNI ISSUER
The issuer of the MUNI ETF is dedicated to responsible and sustainable investing. This ETF aims to track an index that selects equity securities from the MSCI USA Index, focusing on large-capitalization companies in the U.S. market that meet specific environmental, social, and governance (ESG) criteria. The index methodology, including ESG data collection and ranking, is managed by MSCI ESG Research, Inc., ensuring a rigorous assessment of companies' ESG performance. Additionally, the index excludes companies involved in controversial businesses such as alcohol and tobacco production, nuclear power, gambling, and weapons manufacturing, aligning with ESG principles.
MUNI DIVIDEND
The Municipal Bonds Income ETF (MUNI) focuses on investing in a diversified portfolio of debt securities, particularly municipal bonds, that are exempt from federal income tax. With a strategic approach to achieving attractive current income, MUNI aims to provide investors with the benefits of tax-exempt interest from bonds issued by states, local governments, and their agencies. The fund's investment strategy emphasizes bonds with potential for consistent yields and may involve the use of derivative instruments to achieve its goals.
MUNI TRACKING
The MUNI ETF, managed by a leading financial institution, seeks to track the performance of the U.S. Municipal Bond Index. This index comprises a diverse range of municipal bonds issued by state and local governments across the United States. By investing in this ETF, investors gain exposure to the tax-free income generated by these bonds, while the ETF's tracking strategy aims to closely replicate the index's returns, making it an attractive option for those seeking steady income and stability within the municipal bond market.
MUNI CORRELATION
The iShares National AMT-Free Muni Bond ETF is known for its low correlation with broader equity markets, making it an important asset for investors looking to diversify their portfolios. Municipal bonds, the primary asset class of this ETF, often move independently of equities, providing a potential hedge against market volatility. Investors who are keen on understanding the fund's correlation characteristics in greater detail can utilize various financial tools and analytics platforms, which offer comprehensive data and insights into how the ETF correlates with other asset classes, sectors, and individual securities.
MUNI SECTOR
Municipal bond exchange-traded funds (ETFs) are a prominent part of the fixed-income market. These ETFs provide exposure to the municipal bond sector, which primarily consists of debt issued by state and local governments to finance public infrastructure projects and services. Municipal bonds are known for their tax advantages, making them attractive to investors seeking income with potential tax benefits. MUNI ETFs offer a diversified approach to investing in this sector, providing a convenient way for investors to access a range of municipal bonds with varying maturities and credit qualities, helping them achieve income generation and potential capital preservation objectives within their investment portfolios.
MUNI EXPOSURE
The exposure profile of the Muni Bond ETF (MUNI) centers on the municipal bond market within the United States. This exchange-traded fund primarily invests in a diversified portfolio of tax-exempt municipal bonds issued by various state and local governments. MUNI provides investors with an opportunity to access the stability and potential tax advantages of municipal bonds, making it a suitable choice for income-oriented investors seeking exposure to this specific fixed-income sector.