CA

Xtrackers California Municipal Bonds ETF

$25.05

+0.00%

Market closed. Last update: 10:54 PM ET

📎 Investment Objective

The Xtrackers California Municipal Bonds ETF seeks to provide investment results that closely correspond to the performance of the Bloomberg Barclays California Municipal Bond Index, which tracks the investment-grade, tax-exempt California municipal bond market.

Overview

ETF tracking Xtrackers California Municipal Bonds ETF

Category Municipal Bonds

Issuer Other

Inception Date 2023-12-14

Market Cap $21.3M

Average Volume N/A

Dividend Yield 2.61%

52-Week Range $23.89 - $25.50

VWAP $25.05

Performance

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Investment Summary

📎 Investment Objective

🎯 Investment Strategy

The ETF invests in a representative sample of bonds included in the underlying index, seeking to replicate the index's overall characteristics in terms of key risk factors and other index characteristics. The fund primarily invests in investment-grade California municipal bonds.

✨ Key Features

Provides exposure to the California municipal bond market
Tracks an investment-grade, tax-exempt index
Low expense ratio of 0.00%
Suitable for investors seeking tax-exempt income and California-focused municipal bond exposure

⚠️ Primary Risks

Interest rate risk: The value of the fund's holdings may decline if interest rates rise
Credit risk: The fund is exposed to the credit risk of the underlying municipal bond issuers
Concentration risk: The fund's focus on California municipal bonds means it is subject to risks specific to that state's economy and fiscal condition
Liquidity risk: The municipal bond market may experience periods of lower liquidity, which could affect the fund's ability to sell bonds

👤 Best For

The Xtrackers California Municipal Bonds ETF may be suitable for investors seeking tax-exempt income and exposure to the California municipal bond market as part of a diversified fixed-income portfolio. It may be particularly appealing to California residents looking to minimize state tax liability on their bond investments.