The S&P Municipal Bond 7 Day High Grade Rate Index consists of bonds in the S&P National AMT-Free Municipal VRDO Index that are classified as weekly interest rate reset bonds. The bonds must have minimum par amounts greater than or equal to USD 50 million and must be rated by at least one of Standard & Poor’s, Moody’s or Fitch, with a short-term rating A-1+, VMIG-1 or F-1+ respectively. To avoid doubt, the lowest rating is used.
Top 10 Constituents by Index WeightExport
*Based on GICS sectors
The weightings for each sector of the index are rounded to the nearest tenth of a percent, therefore, the aggregate weights for the index may not equal to 100%.
*Based on GICS Sectors