About: The Fund seeks to provide current income by investing primarily in both investment grade and below investment grade municipal obligations. During normal market conditions, the Fund will invest at least 80% of its net assets in debt obligations issued by
or on behalf of states, territories and possessions of the United States, the interest on which is exempt from regular federal income tax. Up to 30% of the Fund’s total managed assets may be invested in municipal obligations that pay interest that is taxable under the federal alternative minimum tax applicable to individuals.
Tags: Asset Management Financial Services