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High-Yield Muni Category

High-yield muni portfolios invest at least 50% of assets in high-income municipal securities that are not rated or that are rated by a major agency such as Standard & Poor's or Moody's at the level of BBB (considered speculative in the municipal industry) and below.

Abbreviation: HM

Broad Asset Class: Municipal Bond

Primary Index: Barclays Municipal Bond

Secondary Index: Barclays Municipal 10 Year (8-12) Bond