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|
| Morningstar Overall Rating: |
 |
| Total Assets: |
2.08B |
| Category: |
High Yield Muni |
| Total Expense Ratio: |
0.89% |
|
| PERFORMANCE & RISK | 31-Oct-09
| YTD Return: |
39.22% |
| 5y Avg Return: |
-1.28% |
| Rank in Category (ytd): |
12 |
| % Rank in Category (ytd): |
8% |
| Beta (3y): |
1.69 |
| Morningstar Risk Rating: |
Above average |
|
| The investment seeks high current income exempt from regular federal income taxes; capital appreciation is secondary. The fund invests substantially all of assets in municipal bonds. It normally invests at least 65% of assets in medium-to low-quality bonds rated BBB/Baa or lower. The fund may invest up to 10% of assets in defaulted municipal bonds. It may invest up to 15% of assets in municipal securities whose interest payments vary inversely with changes in short-term tax-exempt interest rates. This fund is nondiversified. |
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| Fund Profile |
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