Overview
Over a thousand investment-grade municipal bonds in the one-to-five-year range — the short, safe end of the tax-free market in a single fund.
Top Holdings
| Ticker | Holding | Weight |
|---|
Fund Details
Investment Thesis
The muni market's cash-plus parking spot: 2.7% federal-tax-free with minimal duration risk, which beats taxable short bonds on an after-tax basis for high earners. Rate-hike resilience is the point — the fund barely moved through 2022's bond rout.
Who It's For
High-bracket investors parking cash beyond money-market horizons who want federal-tax-free income without long-muni rate risk.
10-Year History
| Year | Close | % Chg |
|---|---|---|
| 2016 | -- | -- |
| 2017 | $47.91 | -- |
| 2018 | $48.06 | +0.3% |
| 2019 | $49.11 | +2.2% |
| 2020 | $49.79 | +1.4% |
| 2021 | $49.18 | -1.2% |
| 2022 | $46.98 | -4.5% |
| 2023 | $47.79 | +1.7% |
| 2024 | $47.39 | -0.8% |
| 2025 | $47.99 | +1.3% |
| Year | Yield |
|---|---|
| 2016 | -- |
| 2017 | -- |
| 2018 | -- |
| 2019 | -- |
| 2020 | -- |
| 2021 | 0.31% |
| 2022 | 0.69% |
| 2023 | 1.15% |
| 2024 | 2.06% |
| 2025 | 2.61% |
| Year | AUM | % Chg |
|---|---|---|
| 2016 | -- | -- |
| 2017 | -- | -- |
| 2018 | -- | -- |
| 2019 | -- | -- |
| 2020 | -- | -- |
| 2021 | -- | -- |
| 2022 | -- | -- |
| 2023 | -- | -- |
| 2024 | -- | -- |
| 2025 | $3.5B | -- |
Historical figures are ETFHub estimates modelled from asset-class return patterns and may differ from official fund records. Data as of August 2026.
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