The investment seeks a high level of current income that is exempt from regular federal income tax and may also consider the potential for capital appreciation. The fund normally invests at least 80% of its net assets plus any borrowings for investment purposes in Municipal Securities, the interest on which is exempt from regular federal income tax. Its duration is expected to be equal to that of the Barclays Aggregate Municipal Bond Index, plus or minus two years. The fund is non-diversified.
Fund filings (PDF) »
Scott Diamond (Started: Dec 31, 2002)
Ben Barber (Started: Apr 3, 2000)
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71 South Wacker Drive, Chicago, Illinois 60606,