Description

A minimum of 80% of this fund's total capital, including any borrowed funds used for investment, is dedicated to specific financial instruments. The income generated by these holdings is, in the judgment of each issuer's legal counsel, exempt from standard federal individual income tax and, where applicable to the fund, state income tax. These investments consist of municipal securities issued by state governments, their political subdivisions, the District of Columbia, U.S. territories, commonwealths, and possessions, or by their associated agencies, instrumentalities, and authorities.