Description

This fund primarily dedicates a minimum of 80% of its net holdings to municipal debt instruments originating from New York State, its various political entities, or other municipal obligations that are exempt from New York state income tax. Furthermore, at least four-fifths of its overall assets target municipal bonds and notes assessed at an 'A' rating or higher by nationally recognized statistical rating organizations (NRSROs), or possessing an equivalent credit assessment. Notably, this fund operates as a non-diversified investment vehicle.