Description

This fund aims to deliver a high level of income free from federal income taxes, prioritizing modest price fluctuations. It primarily invests in high-quality municipal bonds with short to intermediate maturities. Specifically, the portfolio is concentrated in municipal securities maturing in under three years (short-term) and those with maturities ranging from three to ten years (intermediate-term). Typically, the fund's weighted average maturity falls between two and five years, and it is not expected to surpass five years.