Address And Details

875 Third Avenue , New York, NY 10022
Fund Manager Team Managed
Manager Tenure

Strategy And Objective

The fund seeks to provide a high level of income exempt from regular federal income tax. Under normal circumstances, the fund invests at least 80% of net assets in securities issued by municipalities across the United States and in other securities whose income is free from regular federal income tax. The fund may invest up to 20% of net assets in securities whose income is subject to the federal alternative minimum tax (AMT). The fund can buy many types of municipal securities of all maturities. These may include revenue bonds (which are backed by revenues from a particular source) and general obligation bonds (which are typically backed by the issuer's ability to levy taxes). They may also include municipal lease obligations and investments representing an interest therein.

Net Asset Value

as of 4:56 PM ET 09/16/2021


  • 1 Week
  • -0.24%
  • 1 Month
  • -0.63%
  • 3 Months
  • -0.39%
  • 1 Yr Return
  • +5.87%
  • 5 Yr Return
  • -0.32%

Equity Sector Breakdown

ConsumerDurables n/a
Energy n/a
Finance n/a
Health n/a
IndustrialCyclical n/a
NonDurables n/a
RetailTrade n/a
Services n/a
Technology n/a
Utilities n/a

Asset Allocation

Asset Type % Of Allocation
Bonds 103.34%
Cash 0.06%
Stocks 0.00%
Preferred 0.00%
Convertible 0.00%
ForeignStocks 0.00%
ForeignBonds 0.00%
ForeignHedged 0.00%
Other -3.41%
Total Net Assets 563.59 M

Risk Measures

Criteria 3 Years 5 Years 10 Years
Alpha -1.36 -0.12 -0.41
Beta 1.62 1.38 1.34
R Squared 0.80 0.79 0.82
Std Deviation 7.27 6.09 5.32
Sharpe Ratio 0.72 0.50 n/a

Purchase Information

as of 5:05 PM ET 09/13/2021
Minimum Initial $2500
Minimum Additional $50
Minimum Initial IRA $1000


Timeframe Average Annual Current Performance Monthly As Of 08/31/2021 Average Annual Current Performance Quarterly As Of 05/31/2021 Avg Annual Current Performance Monthly As Of 08/31/2021 Avg Annual Current Performance Quarterly As Of 05/31/2021
1 Year
  • +10.16%
  • +15.17%
+10.16% +15.17%
3 Year
  • +5.93%
  • +5.60%
+5.93% +5.60%
10 Year
  • +5.09%
  • +5.21%
+5.09% +5.21%
Life Of Fund
  • +5.90%
  • +5.91%
+5.90% +5.91%

Top 10 Holdings

Symbol Company Name % Of Assets


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