The investment seeks income exempt from federal, New York State and New York City personal income taxes, consistent with preservation of capital. The fund normally invests at least 80% of total assets in securities whose interest is free from federal income taxes, including the federal alternative minimum tax, and from New York State personal income taxes. It invests at least 65% of total assets in securities that pay interest free from New York City personal income taxes. The fund may invest up to 20% of total assets in securities that pay interest that may be subject to the federal alternative minimum tax and in securities that pay taxable interest.
0.01 (0.09%) 