The Fund seeks as high a level of current income that is exempt from federal income taxes.
TOP HOLDINGS (all classes) as of
|HARRIS HLTH-B-SCH HLT 5.75% 01/07/27 MUNI USD||0.0842|
|PENNSYLVANIA STATE TPK COMMN MUNI 5.25% 15/07/29 USD||0.0662|
|NEW YORK STATE DORMITORY AUTH MUNI 5.0% 01/07/39 USD||0.0346|
|NEW JERSEY ECONOMIC DEV AUTH MUNI 5.25% 01/09/24 USD||0.02833|
|WA ST-REF-R-2010A 5% 01/01/22 MUNI USD||0.02723|
|TEXAS MUNI GAS ACQUISITION & SUPPLY 6.25% 15/12/26 USD||0.02346|
|HOUSTON-A-PREREF 5% 01/03/30 MUNI USD||0.01954|
|NEW YORK STATE DORMITORY AUTH MUNI 5.5% 15/05/23 USD||0.01813|
|SAINT CHARLES PARISH LA GULF Z 4% 01/12/40 MUNI USD||0.01775|
|S E AL GAS SPLY DT-B FRN 01/06/49 MUNI USD||0.01663|
Fixed income securities are subject to certain risks including, but not limited to: interest rate (changes in interest rates may cause a decline in the market value of an investment), credit (changes in the financial condition of the issuer, borrower, counterparty, or underlying collateral), prepayment (debt issuers may repay or refinance their loans or obligations earlier than anticipated), and extension (principal repayments may not occur as quickly as anticipated, causing the expected maturity of a security to increase).
Derivatives are speculative and may hurt the Fund’s performance. They present the risk of disproportionately increased losses and/or reduced gains when the financial asset or measure to which the derivative is linked changes in unexpected ways.
Please read the prospectus for more detailed information regarding these risks.
*State and local taxes may apply.