National Municipal Bond grouping according to CEFdata.com. Ranking the highest 50% of funds by 90-day average trade dollar $ liquidity. Removing any Build America Bond (taxable municipals funds / BABs) and term trust municipal funds. The remaining funds will be equal weight. The index constituents will be rebalanced each quarter. We manually have removed DXYZ from firm benchmarks.
All Municipal CEFs currently classified as High Yield Municipal Bond CEFs according to CEFdata.com (15% or greater non-investment grade exposure) and $200K+ 90-day average trade dollar $ liquidity. The index constituents will be rebalanced each quarter. We manually have removed DXYZ from firm benchmarks.
All Municipal Bond funds (state or national) according to CEFdata.com with Term or planned liquidation dates. The funds will be equal weight in the index. The index constituents will be rebalanced each quarter. We manually have removed DXYZ from firm benchmarks.
California (CA) Municipal Bond grouping according to CEFData.com. Top 60% ranked by 90-day average trading dollar ($) liquidity. Equal weight each fund for the index. The index constituents will be rebalanced each quarter. We manually have removed DXYZ from firm benchmarks.
New York (NY) Municipal Bond grouping according to CEFData.com. Top 60% ranked by 90-day average trading dollar ($) liquidity. Equal weight each fund for the index. The index constituents will be rebalanced each quarter. We manually have removed DXYZ from firm benchmarks.
Single State Municipal Bond Funds groupings according to CEFdata.com, excluding NY and CA Municipal Bond Funds groupings. 90-day average trade dollar $ liquidity over $100K. Equal weight each fund for the index. The index constituents will be rebalanced each quarter. We manually have removed DXYZ from firm benchmarks.
Top 100 most liquid municipal bond funds. Equal weight. The index constituents will be rebalanced each quarter. We manually have removed DXYZ from firm benchmarks.
