The investment seeks high current income. The normally invests at least 80% of assets in debt securities whose interest is, in the opinion of bond counsel for the issuer at the time of issuance, exempt from regular federal income tax and New York income tax (?New York Municipal Bonds?). It may invest without limitation in ?private activity? bonds whose interest is a tax-preference item for purposes of the federal alternative minimum tax (?AMT?). The Fund invests primarily in investment-grade debt securities, but may invest up to 10% of total assets in high-yield securities (?junk bonds?). It is nondiversified.
0.01 (0.09%) 