About: The objective is to provide a high level of current income exempt from federal income tax. The Fund will primarily invest in investment grade municipal debt securities issued by state and local governments, including U.S. territories and possessions, political subdivisions, agencies and public authorities. The Fund has the flexibility to invest in municipal obligations regardless of maturity and duration limitations. Additionally, the Fund may invest up to 30% of the Fund's total assets in non-investment grade municipal bonds.
Tags: Asset Management Financial Services