| TYPICAL INVESTOR:
|
 |
Conservative investor seeking tax-free income, |
| |
principal stability, with moderate growth potential
|
| |
| TYPICAL OBJECTIVES: |
|
After-Tax Total Return |
|
Tax-Free Income |
|
Low to Moderate Principal Volatility
|
| |
|
| AVERAGE MATURITY RANGE:
5 YRS. |
| AVERAGE DURATION RANGE: 4
- 4.25 YRS. |
| AVERAGE CREDIT QUALITY:
AA+ OR ABOVE |
| |
|
| SECTORS: |
|
Investment Grade Municipal Bonds |
| |
|
| BENCHMARKS: |
|
Lehman 5 Year Municipal |
|
Merrill Lynch 3-7 Year Municipal |
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