Why Go for a Municipal Bond ETF? May 21, 2021
With its tax advantages and relative stability, municipal bonds should continue to outperform in the tricky fixed income environment, all to the benefit of the
With its 0.40% expense ratio, XMPT seeks to replicate as closely as possible, before fees and expenses, the price and yield performance of the S-Network Municipal Bond Closed-End Fund Index. The fund normally invests at least 80% of its total assets in investments from which the income is exempt from U.S. federal income tax (other than federal alternative minimum tax).
It normally invests at least 80% of its total assets in securities of issuers that comprise the fund’s benchmark index. The CEFMX Index is comprised of shares of U.S.-listed closed-end funds.