Description

This fund primarily invests a minimum of 80% of its assets in high-quality municipal bonds, with interest payments that are typically exempt from federal income tax, though they may still be subject to the federal alternative minimum tax (AMT). The portfolio may also allocate more than 25% of its total capital towards municipal securities financing similar types of initiatives. The fund is designed to conclude operations and liquidate its investments shortly after its target termination date of June 30, 2023.