Description

This investment vehicle typically commits a substantial portion, at least 80%, of its holdings to high-quality municipal debt. The interest income generated from these securities is exempt from both federal and Pennsylvania personal income taxes. It is possible for the fund to allocate more than 25% of its entire asset base to municipal bonds that support analogous types of projects. To manage its portfolio, the fund strategically diversifies its investments across various market sectors and a range of maturity profiles.