GRNB VanEck Vectors Green Bond ETF
|GRNB||What you need to know|
|Objective||Global green bond exposure. Bonds classified by Climate Bond Initiative (CBI)|
|30 Day SEC Yield:||1.38% as of 6/4/2018|
|Rieger Report Observations:||Relatively short duration, high quality investment grade exposure. Global currency exposure, USD bonds represent less than 30% of portfolio. Could be useful allocation in a) weakening USD environment and b) rising rate, principal protection environment.|
SPXB: S&P 500 BOND ETF
|SPXB||What you need to know|
|Objective||Seeks investment results, before fees and expenses, that track the performance of the S&P 500®/MarketAxess® Investment Grade Corporate Bond Index.|
|30 Day SEC Yield:||3.69% as of 5/31/2018|
|Rieger Report Observations:||Low cost (management fee) exposure to higher quality, more liquid USD corporate bonds issued by S&P 500 companies. Straight forward and easy to explain.|
IQ MacKay Shields Municipal Intermediate ETF (MMIT)
|MMIT||What you need to know|
|Objective||The Fund (MMIT) seeks current income exempt from federal income tax. The Fund seeks to achieve its objective by investing primarily in investment grade municipal bonds and will also seek to enhance total return potential through its subadvisor’s active management approach.|
|30 Day SEC Yield:|
|Mgmt Fee:||30bps after waiver of 27bps through 8/31/2018 by Index IQ|
|Rieger Report Observations:|
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