SAPIINV S&P Municipal Bond Investment Grade Index

All bonds in the index are exempt from U.S. federal income taxes, but some are subject to alternative minimum tax (AMT). The bond must have a minimum par amount of US$ 2 million to be eligible for inclusion. As of the rebalancing date, the bond must have a minimum term to maturity greater than one calendar month.

As of 08/08/2020

Index Information
Provider:     S&P Dow Jones
Category1:  US Fixed Income
Category2:  Municipal bonds
Category3:  Investment grade
Currency:    USD
Inception date:  12/31/2000
Backtesting data exists:   No
Weighting methodology:   Market capitalization
Number of holdings:  183,784  (as of 12/19/2018)
Rebalanced:  Monthly
Reconstituted:  Monthly

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