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Lehman Brothers Municipal Bond Index |
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Lehman Brothers Municipal Bond Index A benchmark index that includes investment-grade, tax-exempt, and fixed-rate bonds with long-term maturities (greater than two years) selected from issues larger than $50 million. |
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| Under SBAM's management, the Fund has outperformed its benchmark, the Lehman Brothers Municipal Bond Index, based on net asset value and market price for the 1-year, 3-year, 5-year and 10-year periods ended August 31, 2005, according to Lipper Analytical Services," continued Mr. Under SBAM's management, the Fund has outperformed its benchmark, the Lehman Brothers Municipal Bond Index, based on net asset value for the 3-year, 5-year and 10-year periods and on market price for the 1-year, 3-year, 5-year and 10-year periods ended August 31, 2005, according to Lipper Analytical Services," continued Mr. The broad-based Lehman Brothers Municipal Bond Index is an unmanaged index that tracks total return performance for the investment-grade, tax-exempt bond market. |
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Lehman Brothers Municipal Bond Index