TAXE

Intermediate Municipal Income ETF

$51.16

+0.00%

Market closed. Last update: 10:56 PM ET

📎 Investment Objective

The TAXE Intermediate Municipal Income ETF seeks to provide current income that is generally exempt from federal income taxes by investing primarily in investment-grade municipal bonds with intermediate-term maturities.

Overview

ETF tracking Intermediate Municipal Income ETF

Category Municipal Bonds

Issuer Other

Inception Date 2024-07-10

Market Cap $89.5M

Average Volume N/A

Dividend Yield 2.84%

52-Week Range $48.64 - $51.31

VWAP $51.19

Performance

Loading performance data...

Price Chart

Investment Summary

📎 Investment Objective

🎯 Investment Strategy

The fund invests in a diversified portfolio of municipal bonds, focusing on those with intermediate-term maturities of 3-10 years. The portfolio is actively managed to maintain an average duration of 4-7 years. The fund aims to generate tax-exempt income while managing interest rate risk.

✨ Key Features

Invests in investment-grade municipal bonds with intermediate-term maturities
Actively managed to maintain a target duration range of 4-7 years
Seeks to provide current income that is generally exempt from federal income taxes
Low expense ratio of 0.00%

⚠️ Primary Risks

Interest rate risk: The fund's value may decline when interest rates rise
Credit risk: The fund is exposed to the risk of default by the municipal bond issuers
Liquidity risk: Certain municipal bonds may be less liquid, which can impact the fund's ability to sell holdings
Tax risk: Changes in tax laws could affect the tax-exempt status of the fund's income

👤 Best For

The TAXE Intermediate Municipal Income ETF may be suitable for investors seeking tax-exempt income and moderate interest rate risk, such as those in higher tax brackets or with a medium-term investment horizon. The fund's focus on investment-grade, intermediate-term municipal bonds makes it a potentially appropriate choice for investors looking to diversify their fixed income allocation.