The investment seeks to track the investment results of the ICE Short Maturity AMT-FreeUS National Municipal Index.
The fund will invest at least 80% of its assets in the component securities of its underlying index and in investments that have economic characteristics that are substantially identical to the component securities of its underlying index and will also be permitted to invest up to 20% of its assets in certain futures, options and swap contracts, cash and cash equivalents. The underlying index includes municipal bonds, the interest of which is exempt from Federal income taxes and not subject to alternative minimum tax.
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