SPDR Nuveen Barclays California Municipal Bond ETF (CXA)

Fund Description

The investment seeks to provide investment results that correspond generally to an index that tracks the California municipal bond market and provides income that is exempt from federal and California state income taxes. The fund employs a sampling strategy in seeking to track the performance of the Barclays Managed Money Municipal California Index. It generally invests at least 80% of total assets in the securities comprising the index or in securities that the Sub-Adviser determines have economic characteristics that are substantially identical to the economic characteristics of the securities that comprise the index. The fund is non-diversified.