Great Weather – And Tax-Free Income
If California were a country, it would have the eighth-largest economy in the world, and like most large economies, it pays for much of its infrastructure through issuing debt – only recently ending a two-decade reign as the nation’s top borrower. Provided California stays on the road toward budgetary health, the state’s municipal bonds, which are designed to bring a steady stream of interest income exempt from federal, state and local taxes, could help lower risk for the state’s qualified residents. Recently, California's note sale for June 2014 maturity offered a yield of 0.23%, compared to 0.10% for T-bills on a pretax basis.
This motif is designed to provide cost-effective exposure to the California municipal bond market through bond-ETFs with staggered maturity schedules, which comprises relevant ETFs of intermediate- and long-term durations.
Invest in Thematic Portfolios
Create your own customizable basket of up to 30 stocks or ETFs for just $9.95.
With this Motif, you can buy the following basket of stocks for just $9.95:
||Segment & Stocks
||1 MO / 1 YR Return
Quotes delayed 15 mins. Currently Dec 9, 2016 6:35:05 AM. Fields are marked with -- when data is unavailable.