Fund Overview
Share Class
I
NAV | as of 07/31/2020
$12.49+$0.01 (+0.08%)
Morningstar | Style Box
Overall Morningstar Rating
Rated against 238 Muni National Interm funds as of 06/30/2020
Growth of $10,000 (Hypothetical)
Since Inception 06/30/2009 to 06/30/2020 = $16,597.84
The performance data shown represents past performance. Past performance is not a guarantee of future results. Current performance may be lower or higher than the performance data quoted. The investment return and the principal value of an investment will fluctuate so that an investor's shares, when redeemed, may be worth more or less than their original cost. For performance information through the most recent month end please call 800.835.3879. From time to time, the advisor has waived fees or reimbursed expenses, which may have resulted in higher returns. The listed returns and yields of the Fund are net of expenses, and the returns and yields of the indices exclude expenses. For time periods where the fund inception date preceded the benchmark, the benchmark data will not be shown.
Objective
The Fund seeks to provide current income, exempt from federal income tax, and capital preservation by primarily investing in a portfolio of high-quality municipal bonds.
Why Consider
- Provides investors with exposure to an actively managed portfolio of primarily intermediate-term municipal bonds
- Investment approach combines top-down analysis to respond to interest rate changes with bottom-up research focusing on security structure and credit ratings
- The Fund focuses on the intermediate area of the yield curve to maintain flexibility and actively adjusts duration based on interest rate moves
