ETMUX

About ETMUX

E*TRADE No Fee Municipal Bond Index Fund is an open-end mutual fund designed to track the performance of a curated slice of the U.S. municipal bond market. Its primary objective is to deliver results, before fees and expenses, similar to the Bloomberg Municipal Managed Money Intermediate (1–17 Year) Index, a market value–weighted benchmark focused on investment-grade bonds in the top two ratings tiers with maturities spanning one to seventeen years. The fund invests at least 80% of assets in municipal securities whose interest is exempt from regular federal income tax, offering broad exposure to high-quality, tax-exempt issuers across states and sectors. Positioned as part of E*TRADE’s no-fee index lineup, it is marketed with a 0% stated expense ratio and no minimums, reflecting an emphasis on cost efficiency and accessibility under Morgan Stanley Investment Management’s oversight. Key bond characteristics reported include yield to maturity, coupon profile, and effective maturity around the intermediate segment, aligning the fund’s role as a core tax-exempt bond allocation for investors seeking diversified municipal exposure.