Benchmark: S&P Intermediate Term National AMT-Free Municipal Bond Index
The S&P Intermediate Term National AMT-Free Municipal Bond Index tracks the performance of intermediate-term, investment-grade municipal bonds issued by U.S. states and local governments, excluding securities subject to the federal Alternative Minimum Tax.
A single-state municipal bond strategy targeting intermediate-term bondsโoffering tax-free income at both federal and state levels for residents of the issuing state.