The
Build America Bond Innovation ETF (BFIX) is an exchange-traded fund
(ETF) that seeks to provide investors with exposure to Build America
Bonds (BABs), which are taxable municipal bonds issued by state and
local governments in the United States.
The ETF seeks to track
the performance of the ICE BofAML US Build America Bond Index, which
is designed to measure the performance of the BAB market. The index
includes BABs with various maturities and credit ratings issued by
state and local governments in the United States.
As an ETF,
BFIX provides investors with an easy and efficient way to invest in
the BAB market. The fund achieves this by investing in a diversified
portfolio of BABs that closely tracks the performance of the ICE
BofAML US Build America Bond Index.
BFIX's portfolio is
primarily composed of BABs issued by state and local governments in
the United States. The fund's holdings are selected and weighted to
closely track the performance of the ICE BofAML US Build America Bond
Index.
The ETF has an expense ratio of 0.35%, which is
relatively low compared to other actively managed funds. BFIX's net
asset value (NAV) has grown over time, reflecting the performance of
the underlying index and the fund's holdings.
However, as with
all investments, BFIX is subject to various risks and uncertainties,
including credit risk, interest rate risk, and liquidity risk
associated with the BAB market. In addition, the performance of the
fund may be affected by factors such as changes in the global economy
and political and regulatory changes.
Overall, Build America
Bond Innovation ETF (BFIX) is an ETF that seeks to provide investors
with exposure to the BAB market. The fund provides investors with an
easy and efficient way to invest in BABs and has a relatively low
expense ratio. However, the performance of the fund is subject to
various risks and uncertainties associated with the BAB market and the
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