Fund info

The Ultra Short Municipal Income Fund is a mutual fund designed to provide investors with a steady income stream while preserving capital. Its primary function is to invest in high-quality municipal bonds that typically have very short maturities. These bonds are issued by states, cities, or other local government entities to fund public projects like schools, highways, and infrastructure. Especially notable for its tax-efficient income, the fund is appealing to investors in higher tax brackets, as interest income is generally exempt from federal income taxes and potentially from state and local taxes depending on the investor's residency. The fund focuses on maintaining low interest rate risk and market volatility, making it a considered choice for conservative investors seeking income stability. It plays a pivotal role in wealth management portfolios that aim to balance risk against return, providing an option for short-term cash reserves with better yields than typical savings accounts. This mutual fund notably supports public sector financing by investing in community-driven projects, contributing to local development while meeting investors' needs for a stable financial instrument.