The investment seeks to provide moderate and sustainable current income that is exempt from federal personal income taxes.
The fund invests at least 75% of assets in municipal bonds in the top three credit-rating categories. It may invest no more than 20% of assets in bonds rated Baa or BBB. The fund may invest the remaining 5% of assets in securities with lower credit ratings or that are unrated.
Fund Manager:
Reid Smith
, since 12/31/07
Fund Inception:
9/1/77
Fund Ratings & Risk:
View Morningstar Analysis
Composition:
STOCK (0.0%),
BONDS (97.31%),
CASH (0.69%),
OTHER (2.0%)