Overview
The broad middle of the muni market — nearly two thousand AMT-free investment-grade municipal bonds across the curve, Nuveen-subadvised.
Top Holdings
| Ticker | Holding | Weight |
|---|
Fund Details
Investment Thesis
Core tax-free income without an extreme duration bet: 3.6% federal-tax-free from a diversified national book, a 5-6% taxable equivalent for top brackets. The all-weather muni holding between SHM's caution and PZA's duration.
Who It's For
High-bracket investors building a core tax-free bond allocation in one broad, intermediate-duration fund.
10-Year History
Annual Closing Price
| Year | Close | % Chg |
|---|---|---|
| 2016 | -- | -- |
| 2017 | $48.97 | -- |
| 2018 | $48.12 | -1.7% |
| 2019 | $50.58 | +5.1% |
| 2020 | $52.49 | +3.8% |
| 2021 | $51.73 | -1.4% |
| 2022 | $45.62 | -11.8% |
| 2023 | $47.00 | +3.0% |
| 2024 | $45.62 | -2.9% |
| 2025 | $45.71 | +0.2% |
Annual Dividend Yield
| Year | Yield |
|---|---|
| 2016 | -- |
| 2017 | -- |
| 2018 | -- |
| 2019 | -- |
| 2020 | -- |
| 2021 | 0.53% |
| 2022 | 1.87% |
| 2023 | 2.41% |
| 2024 | 3.01% |
| 2025 | 3.32% |
Annual AUM
| Year | AUM | % Chg |
|---|---|---|
| 2016 | -- | -- |
| 2017 | -- | -- |
| 2018 | -- | -- |
| 2019 | -- | -- |
| 2020 | -- | -- |
| 2021 | -- | -- |
| 2022 | -- | -- |
| 2023 | -- | -- |
| 2024 | -- | -- |
| 2025 | $3.0B | -- |
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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