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| 1 Year | 5 Year | 5 Year Annualized | Since IPO | |
|---|---|---|---|---|
| HYD | +2.22% | +4.99% | +0.98% | +118% |
| S&P | +19.89% | +109.18% | +15.89% | +709% |
The investment seeks to replicate the price and yield performance of the Barclays Capital Municipal Custom High Yield Composite index. The fund invests at least 80% of assets in securities that comprise the index.
Detroit’s bankruptcy has more than a financial impact on the muni market.
Collectively, U.S. states have spent about half a trillion more than their taxes could cover.
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