Benchmark: S&P Municipal Bond High Yield Index
The S&P Municipal Bond High Yield Index measures the performance of below-investment-grade U.S. municipal bonds. The index provides exposure to higher-yielding, higher-risk securities issued by municipalities across the country.
A high yield municipal bond strategy focused on generating high levels of tax-free income by investing in below-investment-grade or unrated high-yield municipal securities.
Other strategies that benchmark to the S&P Municipal Bond High Yield Index