|
|
| Morningstar Overall Rating: |
 |
| Total Assets: |
161.37M |
| Category: |
Muni New Jersey |
| Total Expense Ratio: |
0.89% |
|
| PERFORMANCE & RISK | 31-Dec-07
| YTD Return: |
2.82% |
| 5y Avg Return: |
3.83% |
| Rank in Category (ytd): |
43 |
| % Rank in Category (ytd): |
58.11% |
| Beta (3y): |
0.89 |
| Morningstar Risk Rating: |
Below average |
|
| The investment seeks as high a level of current income exempt from federal income tax and personal income tax of its respective state as we believe is consistent with preservation of capital. The fund invest mainly in bonds that pay interest that is exempt from federal income tax and personal income tax of its respective state, but that may be subject to federal alternative minimum tax. Besides, bonds are investment-grade in quality and have intermediate -to long-term maturities (three year or longer). The fund normally invests at least 80% of net assets in tax exempt securities. |
|
| Fund Profile |
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