| NASDAQ Exchange | United States Country |
The company operates as an investment fund focusing primarily on the municipal securities market. By investing at least 80% of its net assets, along with any borrowings for investment purposes, in tax-exempt municipal securities, the fund seeks to provide its investors with returns that are free from federal income tax. The fund's strategy centers on municipal bonds that finance essential projects across various sectors, including education, health care, and transportation. This approach not only targets tax-efficient income for investors but also supports the development of crucial public infrastructure and services.
The fund's main products and services include investments in various types of municipal securities, described as follows: