Mgmt Fee
0.61%
Max Leverage
0.5×

Strategy

The fund seeks to provide a high level of current income that is exempt from federal income tax. It is a diversified, closed-end fund that achieves its objective by investing primarily in a portfolio of tax-exempt municipal obligations. The fund may invest in various types of municipal securities, including municipal bonds, notes, and other securities issued to finance public projects.

Distribution Policy

The fund intends to distribute substantially all of its net investment income each year through regular monthly distributions and to distribute any realized capital gains at least annually.

Frequency: Monthly

Distribution Channels

wirehouseRIAbroker-dealerinstitutional