Total returns on $10,000
Objective
The investment seeks to provide shareholders with as high a level of income exempt from Federal income taxes as is consistent with the investment policies of the fund.
The fund normally invests 80% of assets in municipal bonds. It invests primarily in investment grade municipal bonds or municipal notes, including variable rate demand obligations. The fund maintains a dollar weighted maturity of no more than two years.
Profile
| Fund type | Open Ended Investment Company |
|---|---|
| Investment style (bonds) | Credit Quality: Mid Interest-Rate Sensitivity: Ltd |
| Morningstar category | Muni National Short |
| Launch date | 21/10/1994 |
| Price currency | USD |
| Domicile | United States |
| Symbol | MDLMX |
| Manager & start date | Peter Hayes 31/12/1996 Marie Sheehan 29/10/2007 |
Investment
| Pricing frequency | Daily |
|---|---|
| Total net assets | 44.68m USDAs of Apr 30 2013 |
| Net expense ratio | 0.54% |
| Front end load | 1.00% |
| Deferred load | -- |
| Redemption fee | -- |
| Min. initial investment | 0.00 USD |
| Min. additional investment | -- |
| Initial IRA | -- |
| Additional IRA | -- |
| Available for sale | United States |
Diversification
Asset type
Bond | 73.82% |
|---|---|
Cash | 26.18% |
Other | 0.00% |
Non-US stock | 0.00% |
US stock | 0.00% |
Top 5 sectors
Top 5 Regions
Regional weighting data is unavailable.
Top 5 holdings
| Company | 1 year change | Portfolio weight | Long allocation |
|---|---|---|---|
| California St Dept Wtr Res Pwr Rev Bd 5% | -- | 4.45% | |
| New York N Y G O Bds 5% | -- | 2.46% | |
| Regl Transn Auth | -- | 2.09% | |
| New Jersey Bldg Auth 5% | -- | 1.83% | |
| Michigan Fin Auth 5% | -- | 1.82% |