ETF Quote Details
|NAV (month end)||30.59|
|Premium (+)/Discount (-) (month end)||-0.16|
Zacks proprietary quantitative models divide each set of ETFs following a similar investment strategy (style box/industry/asset class) into three risk categories- High, Medium, and Low. The aim of our models is to select the best ETFs within each risk category, so that investors can pick an ETF that matches their particular risk preference in order to better achieve their investment goals.
This is our ETF rating system that serves as a timeliness indicator for ETFs over the next 6 months:
See all the Top Ranked ETFs here - The complete list of all the top ranked ETFs
ETF Expense Ratio
|Dividend (Yield)||$1.61 (5.31%)|
This benchmark index is calculated using a market value weighting methodology and it tracks the high yield municipal bond market with a 75% weight in non-investment grade municipal bonds and a 25% weight in Baa/BBB-rated investment grade municipal bonds for liquidity and balance.
It seeks to replicate as closely as possible, before fees & expenses, the price & yield performance of the Barclays Capital Municipal Custom High Yield Composite Index. HYD is the nation's first ETF to focus on high-yield munis,& tracks an index that has a 25% weighting in investment-grade triple-B bonds & 75% weighting in non-investment grade bonds.