ETF overview
This exchange-traded fund (ETF) aims to generate substantial ongoing income that is exempt from ordinary federal income taxes. Its core investment strategy involves primarily acquiring bonds and notes issued by state, municipal, and public authorities. Typically, a minimum of 80% of its portfolio will be dedicated to these tax-exempt securities, though it retains the flexibility to invest entirely (up to 100%) in bonds whose interest might be subject to the Alternative Minimum Tax (AMT). A key feature of this fund is its emphasis on higher-yielding municipal debt: generally, at least 60% of its assets will be allocated to debt securities rated BBB+ or Baa1 or lower by recognized statistical rating organizations at the time of purchase, or to unrated bonds that the fund's investment adviser deems to be of equivalent quality. The fund's holdings are typically comprised of securities with intermediate to long-term maturities.
Fund facts
- Expense ratio
- 0.34%
- Fund assets
- 3.57B USD (all share classes)
- Issuer
- Capital Group
- Inception date
- Jun 25, 2024
- Number of holdings
- 3,697
Breakdown
Holdings (3,697)
| Name | Ticker | Weight |
|---|---|---|
| PUERTO RICO CMWLTH PRC 11/43 ADJUSTABLE VAR | 1.35% | |
| PUERTO RICO CMWLTH PRC 11/51 ADJUSTABLE VAR | 0.81% | |
| PUERTO RICO SALES TAX FING COR PRCGEN 07/46 ZEROCPNOID 0 | 0.70% | |
| MISSISSIPPI ST BUSINESS FIN CO MSSDEV 11/35 ADJUSTABLE VAR | 0.64% | |
| PUERTO RICO SALES TAX FING COR PRCGEN 07/40 FIXED 4.329 | 0.56% | |
| NEW YORK CITY NY TRANSITIONAL NYCGEN 08/42 ADJUSTABLE VAR | 0.47% | |
| LUCAS CNTY OH HOSP REVENUE LUCMED 11/48 FIXED 5.25 | 0.45% | |
| IOWA ST FIN AUTH REVENUE IASGEN 02/41 ADJUSTABLE VAR | 0.45% | |
| PUERTO RICO CMWLTH AQUEDUCT PRCUTL 07/47 FIXED 5 | 0.42% | |
| ARKANSAS DEV FIN AUTH ENVIRONM ARSDEV 09/46 ADJUSTABLE VAR | 0.39% | |
| and 3,684 more | ||
Historical returns do not guarantee future returns. This is not investment advice.
- Expense ratio
- 0.34%
- Fund assets
- 3.57B USD (all share classes)
- Issuer
- Capital Group
- Inception date
- Jun 25, 2024
- Number of holdings
- 3,697
| Name | Ticker | Weight |
|---|---|---|
| PUERTO RICO CMWLTH PRC 11/43 ADJUSTABLE VAR | 1.35% | |
| PUERTO RICO CMWLTH PRC 11/51 ADJUSTABLE VAR | 0.81% | |
| PUERTO RICO SALES TAX FING COR PRCGEN 07/46 ZEROCPNOID 0 | 0.70% | |
| MISSISSIPPI ST BUSINESS FIN CO MSSDEV 11/35 ADJUSTABLE VAR | 0.64% | |
| PUERTO RICO SALES TAX FING COR PRCGEN 07/40 FIXED 4.329 | 0.56% | |
| NEW YORK CITY NY TRANSITIONAL NYCGEN 08/42 ADJUSTABLE VAR | 0.47% | |
| LUCAS CNTY OH HOSP REVENUE LUCMED 11/48 FIXED 5.25 | 0.45% | |
| IOWA ST FIN AUTH REVENUE IASGEN 02/41 ADJUSTABLE VAR | 0.45% | |
| PUERTO RICO CMWLTH AQUEDUCT PRCUTL 07/47 FIXED 5 | 0.42% | |
| ARKANSAS DEV FIN AUTH ENVIRONM ARSDEV 09/46 ADJUSTABLE VAR | 0.39% | |
| and 3,684 more | ||
This exchange-traded fund (ETF) aims to generate substantial ongoing income that is exempt from ordinary federal income taxes. Its core investment strategy involves primarily acquiring bonds and notes issued by state, municipal, and public authorities. Typically, a minimum of 80% of its portfolio will be dedicated to these tax-exempt securities, though it retains the flexibility to invest entirely (up to 100%) in bonds whose interest might be subject to the Alternative Minimum Tax (AMT). A key feature of this fund is its emphasis on higher-yielding municipal debt: generally, at least 60% of its assets will be allocated to debt securities rated BBB+ or Baa1 or lower by recognized statistical rating organizations at the time of purchase, or to unrated bonds that the fund's investment adviser deems to be of equivalent quality. The fund's holdings are typically comprised of securities with intermediate to long-term maturities.
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