Description

This fund aims to deliver a consistent stream of income that is exempt from taxes. It achieves this by primarily investing in investment-grade municipal bonds issued within the state of Mississippi. These securities must hold a rating of at least BBB or Baa from nationally recognized U.S. rating services at the time they are purchased. The portfolio typically focuses on longer-term debt, with a weighted average maturity generally at least 10 years. Importantly, this fund maintains a non-diversified investment approach.