Obtain as high a level of current income exempt from federal, New York State, and New York City individual income taxes 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. The Fund typically holds no Alternative Minimum Tax (AMT) bonds.
- Net Assets as of 8/31/2019: $51.4 M
- Capital Gains Paid Annually: No 2018 Capital Gains Paid