The investment seeks to track the investment results (before fees and expenses) of the ICE BofAML National Long-Term Core Plus Municipal Securities Index (the underlying index). The fund generally will invest at least 80% of its total assets in municipal securities that comprise the underlying index...
The investment seeks to track the investment results (before fees and expenses) of the ICE BofAML National Long-Term Core Plus Municipal Securities Index (the underlying index). The fund generally will invest at least 80% of its total assets in municipal securities that comprise the underlying index and that also are exempt from the federal alternative minimum tax (AMT). The underlying index is composed of U.S. dollar-denominated, investment grade, tax-exempt debt publicly issued by U.S. states and territories and their political subdivisions, in the U.S. domestic market with a term of at least 15 years remaining to final maturity.
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