Lehman Brothers California Municipal Bond Index

Lehman Brothers California Municipal Bond Index

A benchmark index that includes investment-grade, tax-exempt, and fixed-rate bonds issued in California. All securities have long-term maturities (greater than two years) and are selected from issues larger than $50 million.

Lehman Brothers California Municipal Bond Index

An index that tracks most investment-grade municipal bonds in California. Specifically, it tracks bonds with maturities of more than two years and with issues greater than $50 million. It is a subset of the Lehman Brothers Aggregate Bond Index. Following Lehman Brothers' bankruptcy, it began to be managed by Barclays.
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The primary benchmarks are the Russell 1000(R) Value Index and Lehman Brothers California Municipal Bond Index.
The Lehman Brothers California Municipal Bond Index is a total return benchmark designed for tax-exempt assets.
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