Business Description
This fund focuses on high-quality, tax-exempt U.S. municipal bonds that either mature in 2030 or are not callable before that year. Its holdings are weighted by market value and must meet investment-grade standards set by S&P Dow Jones Indices. At least 80% of the fund's assets are held in the bonds that make up its underlying index. Note that this fund is non-diversified, meaning it may concentrate its holdings more than a typical fund.
