The investment seeks the maximum amount of interest income exempt from federal income tax as is consistent with reasonable risk. The fund uses the volatility of the Barclays 1-15 Year Municipal Bond Index as an approximation of reasonable risk. Under normal conditions, it invests at least 80% of its net assets in municipal bonds that pay interest exempt from federal income tax. Under normal conditions, the fund invests primarily in investment grade municipal bonds. The fund's dollar-weighted average maturity generally is expected to be between three and ten years, but will vary with market conditions.
Fund filings (PDF) »
Daniel Vande Velde (Started: Dec 31, 2007)
Daniel Solender (Started: Dec 31, 2006)
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