

$27.15
TER
0.27%
1Y Return
+1.50%
AUM
$6.4B
High LiquidityThe fund will normally invest at least 80% of its assets in, or derive at least 80% of its income from, securities that are exempt from regular federal income tax. The fund will invest up to 30% of its assets in securities that may subject the investors to federal alternative minimum tax. The fund i...
Top holdings
PUERTO RICO CMWLTH PRC 11/43 ADJUSTABLE VAR
74514L3T2
PUERTO RICO SALES TAX FING COR PRCGEN 07/40 FIXED 4.329
74529JRH0
NEW YORK CITY NY MUNI WTR FIN NYUTL 06/53 ADJUSTABLE VAR
64972GC85
BLACK BELT ENERGY GAS DIST AL BBEUTL 06/36 FIXED 5.25
09182TJX6
NEW YORK NY NYC 03/42 ADJUSTABLE VAR
64966KTD5
NEW YORK CITY NY MUNI WTR FIN NYCUTL 06/50 ADJUSTABLE VAR
64972GRG1
MONTGOMERY CNTY MD MON 11/37 ADJUSTABLE VAR
6133408D3
CALIFORNIA CMNTY CHOICE FING A CCEDEV 06/36 FIXED 5
13013JJE7
BLACK BELT ENERGY GAS DIST AL BBEUTL 07/33 FIXED 5
09182THJ9
MARYLAND ST HLTH HGR EDUCTNL MDSMED 05/53 ADJUSTABLE VAR
57421CLT9
Top holdings
PUERTO RICO CMWLTH PRC 11/43 ADJUSTABLE VAR
74514L3T2
PUERTO RICO SALES TAX FING COR PRCGEN 07/40 FIXED 4.329
74529JRH0
NEW YORK CITY NY MUNI WTR FIN NYUTL 06/53 ADJUSTABLE VAR
64972GC85
BLACK BELT ENERGY GAS DIST AL BBEUTL 06/36 FIXED 5.25
09182TJX6
NEW YORK NY NYC 03/42 ADJUSTABLE VAR
64966KTD5
NEW YORK CITY NY MUNI WTR FIN NYCUTL 06/50 ADJUSTABLE VAR
64972GRG1
MONTGOMERY CNTY MD MON 11/37 ADJUSTABLE VAR
6133408D3
CALIFORNIA CMNTY CHOICE FING A CCEDEV 06/36 FIXED 5
13013JJE7
BLACK BELT ENERGY GAS DIST AL BBEUTL 07/33 FIXED 5
09182THJ9
MARYLAND ST HLTH HGR EDUCTNL MDSMED 05/53 ADJUSTABLE VAR
57421CLT9
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Learn the fundamentals behind this asset.
An Exchange-Traded Fund is a single tradable share that holds dozens or hundreds of companies inside it. One purchase, one ticker, broad market exposure, and you can buy or sell it during market hours like any stock.
The annual fee a fund charges to manage your money. It sounds tiny on a year-by-year basis. Compounded over decades, it is the single most controllable factor in long-term investment returns.
Diversification is what happens when the things you own do not all rise and fall together. It is the closest thing investing has to a free lunch, but only if you actually buy assets that move differently, not the same asset in five different costumes.
Buy a fixed amount on a fixed schedule, regardless of price. The most-recommended retail investment habit, because it removes the single biggest source of underperformance: timing decisions.