About: Seeks current income exempt from Federal income taxes and its secondary objective is to enhance the portfolio value through selection of tax-exempt bonds and municipal market sectors. It will invest primarily in a diversified portfolio of tax-exempt municipal obligations rated within the four highest categories. It may invest up to 20% of its net assets in unrated Municipal Obligations. It may engage in financial futures and options in an attempt to hedge against the market risk.
Tags: Asset Management Financial Services