| TYPICAL INVESTOR:
|
 |
Conservative investor seeking high degree of principal stability and tax-free income |
| |
| TYPICAL OBJECTIVES: |
|
Capital Preservation |
|
Risk Adjusted Total Return |
|
Tax-Free Income |
| |
|
| AVERAGE MATURITY RANGE:
1- 3 YRS. |
| AVERAGE DURATION RANGE: 2½
- 3 YRS. |
| AVERAGE CREDIT QUALITY:
AA+ OR ABOVE |
| |
|
| SECTORS: |
|
Investment Grade Municipal Bonds |
| |
|
| BENCHMARKS: |
|
Lehman 3 Year Municipal |
|
Merrill Lynch 1-3 Year Municipal |
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