Obtain as high a level of current income exempt from federal individual income tax as is consistent, in the view of the Fund’s investment advisor, with preservation of capital. A secondary objective is to reduce expected changes in its share price compared to long-term bond portfolios.
There is no guarantee that the Fund will meet its investment objectives. A portion of the Fund’s dividends could be subject to the federal Alternative Minimum Tax.
- Net Assets as of 1/31/2020: $1.1 B
- Capital Gains Paid Annually: No 2018 Capital Gains Paid