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SPDR Nuveen Barclays Capital Build America Bond ETF (BABS)

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BABS vs. ETF Alternatives
BABS Description
The SPDR® Nuveen Barclays Capital Build America Bond ETF seeks to provide investment results that, before fees and expenses, correspond generally to the price and yield performance of the Barclays Capital Build America Bond Index (ticker: LBAB), an index that tracks the market for taxable municipal securities with respect to which the issuer has made an irrevocable election to designate the bonds as "Qualified Bonds" under the Build America Bond program created under the American Recovery and Reinvestment Act of 2009 or other legislation providing for the issuance of taxable municipal securities on which the issuer receives federal support of the interest paid ("direct pay Build America Bonds").
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Country: United States
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