IBMX

The index includes municipal bonds from issuers that are U.S. state, federal district, or local government or agency such that the interest on the bonds is exempt from U.S. federal income taxes and the federal AMT. The fund will invest at least 80% of its assets in the component securities of the index, and the fund will invest at least 90% of its assets in fixed income securities of the types included in the index. It is non-diversified.