NYF

📎 Investment Objective

The iShares New York Muni Bond ETF (NYF) seeks to track the investment results of an index composed of investment-grade municipal bonds issued in the state of New York.

✨ Key Features

• Exposure to investment-grade municipal bonds issued in the state of New York
• Seeks to track the performance of the S&P New York Municipal Bond Index
• Potential for income exempt from federal, New York state, and local income taxes
• Low expense ratio of 0.00%

⚠️ Primary Risks

• Interest rate risk: The value of the bonds may decline when interest rates rise
• Credit risk: The issuer of a bond could default on its payments
• Concentration risk: The fund is focused on New York municipal bonds, making it vulnerable to economic and political factors affecting the state
• Liquidity risk: The bonds held by the fund may be difficult to sell, especially during times of market stress

👤 Best For

This ETF may be suitable for investors seeking exposure to high-quality municipal bonds from the state of New York, with the potential for tax-exempt income. It may be particularly appealing to investors living in New York who are in higher tax brackets and looking to minimize their tax liability. However, investors should be aware of the risks associated with municipal bonds and the concentration in a single state.