The investment seeks a high level of current income. The fund normally invests at least 80% of its net assets plus any borrowings for investment purposes in fixed income securities issued by or on behalf of states, territories and possessions of the United States and the political subdivisions, agencies and instrumentalities thereof, the interest on which is exempt from regular federal income tax, and is not a tax preference item under the federal alternative minimum tax. Its duration is expected to be equal to that of the Barclays 1-3 Year Municipal Bond Index, plus or minus 0.5 years.
Fund filings (PDF) »
Scott Diamond (Started: Dec 31, 2002)
Ben Barber (Started: Dec 21, 1999)
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71 South Wacker Drive, Chicago, Illinois 60606,