Industry description
The investment seeks to track the investment results (before fees and expenses) of the ICE BofA US Taxable Municipal Securities Plus Index.
The fund generally will invest at least 80% of its total assets in securities that comprise the index. The underlying index is designed to measure the performance of U.S. dollar-denominated taxable municipal debt publicly issued by U.S. states and territories, and their political subdivisions, in the U.S. domestic market.