Municipal Bonds: How and When to be Invested? (1:57)
VanEck's municipal income ETFs offer investors the ability to exercise control over their portfolio yield, duration, and credit exposure at different points in the interest rate cycle.
Actively managed with a proprietary model that uses various objective, data-driven indicators in an attempt to identify periods of heightened credit and/or duration risks. The strategy seeks the tax-exempt income and enhanced risk-adjusted total return by allocating among selected VanEck Vectors municipal bond ETFs.
Our investment grade municipal ETF product offerings seek to track indices that reflect a unique segmentation of the investment grade municipal yield curve.
Our credit-focused municipal ETF product offerings seek to track indices that include both the highest yielding and the highest credit quality available.
Intelligent index weighting rules that underweight CEFs trading at higher premiums and overweight those trading at wider discounts.
Source: VanEck, Bloomberg. As of 4/8/2020. Past performance is no guarantee of future results. Modified Duration measures a bond’s sensitivity to interest rate changes that reflects the change in a bond’s price given a change in yield. 30-Day SEC Yield is a standard calculation developed by the Securities and Exchange Commission that allows for fairer comparisons among bond funds. It is based on the most recent 30-day period. This yield figure reflects the interest earned during the period after deducting a Fund’s expenses for the period. Effective Duration measures a bond’s sensitivity to interest rate changes that reflects the change in a bond’s price given a change in yield. This duration measure is appropriate for bonds with embedded options. See standardized performance.
Source: Morningstar. As of 3/31/2020. Fees for municipal bond ETFs compared against the average net expense ratio of mutual funds and closed-end funds in the Morningstar Municipal Bond U.S. Category Group. There were 57 funds in the Muni ETF Category, 1,825 funds in the Muni Mutual Fund Category, 143 funds in the Muni Closed-End Fund Category.