Three Deletions in S-Network Municipal Bond Closed-End Fund Index Semi-Annual Reconstitution
New York, NY, Monday, September 24, 2018 – The S-Network Municipal Bond Closed-End Fund Index (Ticker: CEFMX) will drop three constituents in its semi-annual reconstitution — effective 9:30 AM (EDT) Monday, October 1, 2018 — changing the number of index components to 66.
The deletions from CEFMX are: WESTERN ASSET MUNICIPAL PART (TICKER: MNP US), WESTERN ASSET MUNICIPAL HIGH (TICKER: MHF US), NUVEEN SEL TX-FR INC PORT 3 (TICKER: NXR US).
A complete list of constituents and weights will be posted on the S-Network Closed-End Fund Index website (www.closedendfundindex.com) as of the effective date.
The S-Network Municipal Bond Closed-End Fund Index (TICKER: CEFMX) is a mutual fund index designed to serve as a benchmark for closed-end funds listed in the US that are principally engaged in asset management processes designed to produce federally tax-exempt annual yield. CEFMX employs a modified total net assets weighting methodology designed to assure accurate investment exposure across the various business segments that together comprise the federally tax-exempt annual yield sector of the closed-end fund market.
Detailed information on the S-Network Municipal Bond Closed-End Fund Index is available at www.closedendfundindex.com. Data is also available through most vendors of financial data.
Index: S-Network Municipal Bond Closed-End Fund Price Index TICKER: CEFMX
Index: S-Network Municipal Bond Closed-End Fund Total Return Index TICKER: CEFMXTR
