About: To provide current income exempt from federal income tax and from the personal income tax of the state, consistent with the preservation of capital. The Fund will seek to achieve its investment objective by investing at least 80% of its net assets in investment grade quality Minnesota municipal bonds. The Fund may invest up to 20% of its net assets in municipal bonds that are rated Ba1/BB+ or lower or that are unrated but judged to be of comparable quality. The fund may also invest in credit default swaps.
Tags: Asset Management Financial Services