This fund aims to deliver a steady and moderate stream of current income, free from federal personal income taxes. Although it has no constraints on the maturity of individual securities, the portfolio's dollar-weighted average maturity is anticipated to fall within a 6-to-12-year range. A significant portion of its assets—at least 75%—consists of municipal bonds rated within the top three credit categories by an official rating organization, or considered to be of comparable quality by the advisor.