The investment seeks current income exempt from federal income taxes.
The fund normally invests at least 80% of assets in municipal bonds, the income from which is exempt from federal income tax. It also invests in mortgage-backed securities and restricted securities. The securities in which the fund invests may have fixed rates of return or floating or variable rates. It invests more than 25% of total assets in municipal housing authority obligations. The average weighted maturity normally ranges between 3 and 15 years.
Fund Manager:
David Sivinski
, since 3/31/06
Fund Inception:
2/9/93
Fund Ratings & Risk:
View Ratings & Risk
Composition:
STOCK (0.0%),
BONDS (94.5%),
CASH (5.5%),
OTHER (0.0%)