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Market Vectors Pre-Refunded Municipal Index Fund (PRB)

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PRB Description
The Pre-Refunded Municipal Index ETF (PRB) seeks to replicate as closely as possible, before fees and expenses, the price and yield performance of the Barclays Capital Municipal Pre-Refunded–Treasury-Escrowed Index. The bonds included in this index have been refinanced by their issuers, and their principal and interest are secured by Treasury obligations backed by the full faith and credit of the U.S. government. As such, PRB combines the credit quality of Treasuries with the tax advantages of munis to potentially meet the needs of today’s risk-averse investor.
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Country: United States
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