ETF Bond Type: Target Maturity Date Munis

ETFs are exchange-traded funds that invest in a variety of assets, including stocks, bonds, and commodities. Target maturity date munis ETFs invest in municipal bonds with a target maturity date, meaning that the bonds will mature and can be redeemed for their face value on a specific date. These ETFs offer investors exposure to the municipal bond market without the need to buy individual bonds. While target maturity date munis ETFs typically have lower yields than traditional ETFs, they also tend to be less volatile. As a result, they can be an attractive option for investors looking for income stability and capital preservation.

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