Old Westbury Municipal Bond Fund (OWMBX)

Overview

This fund primarily focuses on investments that yield income exempt from federal income tax, although this does not extend to exemption from the federal alternative minimum tax. By dedicating at least 80% of its net assets, in addition to investment borrowings, towards such tax-exempt income investments, the fund aims to provide its investors a beneficial tax position. While it primarily invests in municipal bonds, the fund's investment strategy is designed to leverage these tax advantages without compromising on the importance of managing investment risks associated with municipal bond investments.

Products and Services

• Tax-Exempt Investment Strategy

This product focuses on investing a significant portion of the fund’s assets in opportunities that generate income free from federal income tax. The strategic objective is to maximize tax-adjusted returns for investors by carefully selecting investments that not only offer favorable tax treatment but also align with the fund's risk management criteria.

• Municipal Bonds Investments

As a core component of its investment approach, the fund allocates at least 80% of its net assets, along with any borrowings for investment purposes, in municipal bonds. These bonds are issued by local and state governments and often provide tax-exempt interest income. The fund's management team meticulously selects municipal bonds that demonstrate a promising balance between risk and return, focusing on the preservation of capital and aiming to provide stable income to investors.