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Name

As of 06/01/2026

Price

Aum/Mkt Cap

YIELD

Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.

Exp Ratio

Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.

Watchlist

E*TRADE No Fee Municipal Bond Index Fund

ETMUX | Fund

$10.39

$27.6 M

0.00%

-

Vitals

YTD Return

0.4%

1 yr return

6.2%

3 Yr Avg Return

N/A

5 Yr Avg Return

N/A

Net Assets

$27.6 M

Holdings in Top 10

24.3%

52 WEEK LOW AND HIGH

$10.4
N/A
N/A

Expenses

OPERATING FEES

Expense Ratio N/A

SALES FEES

Front Load N/A

Deferred Load N/A

TRADING FEES

Turnover N/A

Redemption Fee N/A

Min Investment

Standard (Taxable)

N/A

IRA

N/A

Fund Classification

Fund Type

Open End Mutual Fund

Name

As of 06/01/2026

Price

Aum/Mkt Cap

YIELD

Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.

Exp Ratio

Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.

Watchlist

E*TRADE No Fee Municipal Bond Index Fund

ETMUX | Fund

$10.39

$27.6 M

0.00%

-

ETMUX - Profile

Distributions

  • YTD Total Return 0.4%
  • 3 Yr Annualized Total Return N/A
  • 5 Yr Annualized Total Return N/A
  • Capital Gain Distribution Frequency N/A
  • Net Income Ratio N/A
DIVIDENDS
  • Dividend Yield 0.0%
  • Dividend Distribution Frequency Monthly

Fund Details

  • Legal Name
    E*TRADE No Fee Municipal Bond Index Fund
  • Fund Family Name
    Morgan Stanley Funds
  • Inception Date
    Apr 14, 2025
  • Shares Outstanding
    N/A
  • Share Class
    Other
  • Currency
    USD
  • Domiciled Country
    US

Fund Description

Under normal circumstances, the Fund invests at least 80% of its net assets (plus any borrowings for investment purposes) in municipal securities, the interest on which is exempt from regular federal income tax. This policy is fundamental and may not be changed without shareholder approval. The Fund may invest without limit in municipal securities the income from which is subject to the federal alternative minimum tax. Under normal circumstances, the Fund invests at least 80% of its net assets (plus any borrowings for investment purposes) in securities or other financial instruments that are components of or have economic characteristics similar to the securities or instruments in the Underlying Index. This policy may be changed without shareholder approval; however, shareholders would be notified upon 60 days’ notice in writing of any changes. The Fund will invest a portion of its assets in securities and instruments not included in the Underlying Index, but which the Adviser believes will help the Fund provide investment results that, before fees and expenses, if any, are similar to the Underlying Index.  
The Fund seeks to achieve its investment objective by seeking to approximate the average duration of the  Bloomberg Municipal Managed Money Intermediate (1-17 Year) Index (the “Index”), a market value-weighted grouping of municipal bonds rated in the top two ratings categories (AA-rated and AAA-rated) with maturities between one and seventeen years, in addition to key rate duration bands. Key rate duration bands are a set of various duration ranges for a particular index or fund that, added together, contain 100% of that index or fund’s duration exposure. As of December 31, 2025, the Index had 19,489 constituents. The Fund invests primarily in municipal securities, the interest on which is exempt from regular federal income tax, rated AA- or higher with flexibility to buy and hold securities in the A-rated category. The process for selecting municipal obligations for purchase and sale generally includes consideration of the creditworthiness of the issuer obligated to repay the obligation. In evaluating creditworthiness, the investment team considers ratings assigned by rating agencies and generally performs additional credit and investment analysis.
Read More

ETMUX - Performance

Return Ranking - Trailing

Period ETMUX Return Category Return Low Category Return High Rank in Category (%)
YTD 0.4% N/A N/A N/A
1 Yr 6.2% N/A N/A N/A
3 Yr N/A* N/A N/A N/A
5 Yr N/A* N/A N/A N/A
10 Yr N/A* N/A N/A N/A

* Annualized

Return Ranking - Calendar

Period ETMUX Return Category Return Low Category Return High Rank in Category (%)
2025 N/A N/A N/A N/A
2024 N/A N/A N/A N/A
2023 N/A N/A N/A N/A
2022 N/A N/A N/A N/A
2021 N/A N/A N/A N/A

Total Return Ranking - Trailing

Period ETMUX Return Category Return Low Category Return High Rank in Category (%)
YTD 0.4% N/A N/A N/A
1 Yr 6.2% N/A N/A N/A
3 Yr N/A* N/A N/A N/A
5 Yr N/A* N/A N/A N/A
10 Yr N/A* N/A N/A N/A

* Annualized

Total Return Ranking - Calendar

Period ETMUX Return Category Return Low Category Return High Rank in Category (%)
2025 N/A N/A N/A N/A
2024 N/A N/A N/A N/A
2023 N/A N/A N/A N/A
2022 N/A N/A N/A N/A
2021 N/A N/A N/A N/A

NAV & Total Return History

ETMUX - Holdings

Concentration Analysis

ETMUX Category Low Category High ETMUX % Rank
Net Assets 27.6 M N/A N/A N/A
Number of Holdings 123 N/A N/A N/A
Net Assets in Top 10 6.7 M N/A N/A N/A
Weighting of Top 10 24.28% N/A N/A N/A

Top 10 Holdings

  1. BlackRock Liquidity Funds - MuniCash 8.23%
  2. EL PASO CNTY CO SCH DIST #49 FALCON COPS 2.07%
  3. DALLAS TX INDEP SCH DIST 2.05%
  4. MASSACHUSETTS ST HSG FIN AGY 2.01%
  5. HAMBLEN CNTY TN 1.93%
  6. OKLAHOMA ST WTR RES BRD ST LOAN PROGRAM REVENUE 1.75%
  7. GRANT CNTY WA PUBLIC UTILITY DIST #2 ELEC REVENUE 1.68%
  8. MINNESOTA ST 1.61%
  9. HAVERFORD TWP PA SCH DIST 1.57%
  10. GRAND RAPIDS MI PUBLIC SCHS 1.39%

Asset Allocation

Weighting Return Low Return High ETMUX % Rank
Bonds 		96.44% N/A N/A N/A
Cash 		8.23% N/A N/A N/A
Stocks 		0.00% N/A N/A N/A
Preferred Stocks 		0.00% N/A N/A N/A
Other 		0.00% N/A N/A N/A
Convertible Bonds 		0.00% N/A N/A N/A

Bond Sector Breakdown

Weighting Return Low Return High ETMUX % Rank
Cash & Equivalents 		8.23% N/A N/A N/A
Derivative 		0.00% N/A N/A N/A
Securitized 		0.00% N/A N/A N/A
Corporate 		0.00% N/A N/A N/A
Municipal 		0.00% N/A N/A N/A
Government 		0.00% N/A N/A N/A

Bond Geographic Breakdown

Weighting Return Low Return High ETMUX % Rank
US 		96.44% N/A N/A N/A
Non US 		0.00% N/A N/A N/A

ETMUX - Expenses

Operational Fees

ETMUX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio N/A N/A N/A N/A
Management Fee 0.00% N/A N/A N/A
12b-1 Fee N/A N/A N/A N/A
Administrative Fee N/A N/A N/A N/A

Sales Fees

ETMUX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load N/A N/A N/A N/A
Deferred Load N/A N/A N/A N/A

Trading Fees

ETMUX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Max Redemption Fee N/A N/A N/A N/A

Related Fees

Turnover provides investors a proxy for the trading fees incurred by mutual fund managers who frequently adjust position allocations. Higher turnover means higher trading fees.

ETMUX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover N/A N/A N/A N/A

ETMUX - Distributions

Dividend Yield Analysis

ETMUX Category Low Category High ETMUX % Rank
Dividend Yield 0.00% N/A N/A N/A

Dividend Distribution Analysis

ETMUX Category Low Category High Category Mod
Dividend Distribution Frequency Monthly

Net Income Ratio Analysis

ETMUX Category Low Category High ETMUX % Rank
Net Income Ratio N/A N/A N/A N/A

Capital Gain Distribution Analysis

ETMUX Category Low Category High Capital Mode
Capital Gain Distribution Frequency

Distributions History

View More +

ETMUX - Fund Manager Analysis

Tenure Analysis

Category Low Category High Category Average Category Mode
N/A N/A N/A N/A

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