Industry description
The investment seeks to provide investment results that closely correspond, before fees and expenses, to the performance of the ICE 1‑17 Year AMT-Free US Municipal Securities Index (the “Index”).
The fund seeks to achieve its investment objective by investing at least 80% of its assets (exclusive of collateral held from securities lending) in securities included in its underlying index. The index is a rules-based index that is designed to measure the performance of the municipal securities market with remaining maturities between one and 17 years.