About: The Funds primary investment objective is to provide high current income exempt from regular federal income tax. The Funds secondary investment objective is to seek attractive total return consistent with its primary objective. The Fund seeks to achieve its investment objectives by investing in municipal securities that its investment adviser believes are underrated and undervalued. It intends to be fully invested in tax-exempt municipal securities and invest up to 75 percent of its portfolio in municipal securities rated BBB and below. No more than 10 percent of the fund's managed assets may be invested in municipal securities rated at or below B3/B-.
Tags: Asset Management Financial Services