Category Review
Municipal bond funds are down for the year after a third-quarter selloff erased the first-half gain
Xtrackers Municipal Infrastructure Revenue Bond Active ETF
$23.33+0.03 (+0.13%)
- 0.15%
- $131M
- −2.6%
- 3.89%
- 0M sh
- $23.35
- low $22.92high $25.40
The ETF.net RVNU Grade
B
Score 59 out of 100
- 26 of 63
Score 59 of 100 falls in the B band. A is 70 or higher, B 55 to under 70, C 40 to under 55, D 25 to under 40, F under 25.
Cost
The fund’s net expense ratio, ranked against its category.A86 out of 100Rank 9 of 63Mission
Whether the fund did what it promised, tested against its stated mandate.B58 out of 100Rank 53 of 59Risk
How the fund held up when markets fell: downside volatility, drawdowns and tail loss.C46 out of 100Rank 35 of 63Tradability
How easy the fund is to trade: daily volume, and how far its price strays from net asset value.F23 out of 100Rank 55 of 63Holdings
How concentrated the fund is, and how complete and current its disclosed holdings are.C52 out of 100Rank 38 of 63Durability
Whether the fund is likely to stay open, judged by its age, its assets and its issuer’s assets.B60 out of 100Rank 31 of 63
Our read on RVNU
BMost muni ETFs buy whatever the tax-free market offers. RVNU takes one slice: revenue bonds behind things like water systems, toll roads and airports, indexed since 2013, for 0.15% a year.
The Fund seeks investment results that generally correspond, before fees and expenses, to the Solactive Municipal Infrastructure Revenue Bond Index.
Why people hold it
- Charges 0.15% a year, about half the typical muni ETF fee, for a focused revenue-bond mandate instead of a broad tax-free index.
- Pure play by design: its Solactive index points at municipal bonds repaid from project revenue rather than a state's general taxing power.
- Pays monthly, spread across about 300 US municipal bonds inside a plain 1940-Act ETF wrapper.
- Trading since 2013, long tenure for a niche muni strategy, and it lands in the upper half of its muni peer group.
Worth knowing
- A smaller, thinly traded fund, so limit orders and patient fills matter more here than with muni giants like MUB or VTEB.
- Broad muni index funds run near 0.03%. The extra cost here buys the infrastructure-revenue tilt, not wider coverage.
- Revenue bonds lean on income from specific projects, so credit risk rides on how those systems perform rather than on a government's taxing power.
RVNU Holdings
- Bonds
- 219
- 20%
- Cash & Cash Equivalents
Geography
- United States100.00%
RVNU Performance
Shows how $10,000 changes over the selected period, with cash distributions reinvested at the closing price on each ex-dividend date.
RVNU$9,742
Returns run to the Oct 12, 2026 close, with cash distributions reinvested. Each period starts on the same date that many months or years earlier. Periods over one year show the average yearly return.
| Period | RVNU |
|---|---|
| Year to date | −2.4% |
| 1 month | −2.1% |
| 3 months | −6.6% |
| 1 year | −2.6% |
| 3 years | +3.4% |
| 5 years | −1.3% |
| 10 years | +1.3% |
Calendar-year total return with cash distributions hypothetically reinvested at the ex-dividend date’s closing price. The current year shows year to date.
| Year | Return bar | RVNU |
|---|---|---|
| 2026 YTD | −2.4% | |
| 2025 | +0.6% | |
| 2024 | +1.5% | |
| 2023 | +11.2% | |
| 2022 | −16.6% | |
| 2021 | +2.3% | |
| 2020 | +6.6% |
RVNU in the news
RVNU Dividends
- 3.89%
- $0.91
- $0.08 per share
- Monthly
Distribution history
RVNU Risk
- 8.6%
How it’s calculated: standard deviation
The sample standard deviation of monthly total returns, multiplied by the square root of 12.
Uses up to 36 complete months, with at least 12 required. Total returns include reinvested distributions.
- −0.17
How it’s calculated: Sharpe ratio
Subtract each month’s Treasury-bill return from the fund’s monthly total return.
Divide the average of those excess returns by their sample standard deviation, then multiply by the square root of 12.
Uses up to 36 complete months, with at least 12 required. Each month uses the Treasury yield quoted at the end of the previous month.
- −22.8%
How it’s calculated: maximum drawdown
The largest percentage decline from an earlier peak, using total returns with reinvested distributions.
Uses up to five years through the last close, with at least 12 months required.
- 1.42
How it’s calculated: beta
The beta figure is supplied by FMP. The comparison index depends on the fund’s broad asset class.
RVNU Cost
0.15%
RVNU0.15%
- The middle half of Other Municipal Bond funds
- Median 0.30%
8 of the 63 Other Municipal Bond funds charge less.
Other funds in Other Municipal Bond
- BBABInvesco Taxable Municipal Bond ETFExpense ratio 0.28%1 year return −3.1%
- BMUSTColumbia Multi-Sector Municipal Income ETFExpense ratio 0.23%1 year return −2.8%
- BFLMBFranklin Municipal Green Bond ETFExpense ratio 0.30%1 year return −4.0%
- BGCALGoldman Sachs Dynamic California Municipal Income ETFExpense ratio 0.35%1 year return −1.0%
- BFTNJFranklin New Jersey Municipal Income ETFExpense ratio 0.36%1 year return —