Benchmark: S&P Long Intermediate Term Taxable Municipal Bond Index
The S&P Long Intermediate Term Taxable Municipal Bond Index measures the performance of U.S. taxable municipal bonds with maturities of 7 to 15 years. The index serves as a benchmark for investors seeking longer-duration taxable municipal debt exposure.
A long-duration, single-state municipal bond strategy designed to provide tax-free income at both the federal and state level for residents of the issuing state.