| NASDAQ Exchange | United States Country |
The company specializes in municipal bond investments, focusing specifically on tax-exempt income. It caters to investors interested in stable income streams, prioritizing securities from North Carolina. These investments are carefully chosen based on their investment-grade quality, ensuring a minimum rating of BBB or Baa from reputable U.S. rating agencies. The fund's strategy involves selecting municipal securities with a weighted average nominal maturity typically exceeding 10 years. This approach targets long-term income generation with the added benefit of tax exemption, making it an attractive option for investors seeking to maximize their after-tax returns.
This product focuses on generating steady, tax-exempt income by investing in municipal securities from North Carolina. These securities are of investment-grade quality, ensuring a safer investment profile for our clients. By targeting bonds with a longer maturity, the fund aims to provide a consistent income stream, appealing to those looking for stable, long-term investments.