High Grade Municipal Bond
Fund Resources
- Fact Sheet (PDF | 1 MB)
- Commentary (PDF | 137 KB)
- Prospectus - A, C & I Shares(PDF | 817 KB)
- Annual Report (PDF | 2 MB)
- Semi-annual Report (PDF | 1 MB)
- SAI (PDF | 2 MB)
| Class | CUSIP | Ticker |
|---|---|---|
| A | 76628T207 | SFLTX |
| C | 76628T306 | SCFEX |
| I | 76628T108 | SCFTX |
Subadvisor
Objective
The Fund is yield driven by seeking to provide current income exempt from federal income taxes other than the alternative minimum tax while preserving capital.
Suitability
The Fund is suitable investors who want income exempt from federal income taxes. Income from the Fund may be subject to the Alternative Minimum Tax.
Investment Risks
This Fund has some share-price volatility and, correspondingly, has more risk tied to it than more conservative investments.
The Adviser tries to diversify the Fund’s holdings within the investment grade municipal securities market, however the Adviser may invest greater than 25% of the Fund’s assets in Florida municipal securities. The Fund’s concentration of investments in securities of issuers located in Florida subjects the Fund to economic and government policies within Florida.
A tax-exempt fund income may be subject to certain state and local taxes and, depending on your tax status, the federal alternative minimum tax. Bond Funds will tend to experience smaller fluctuations in value than stock funds. However, investors in any bond fund should anticipate fluctuations in price, especially for longer-term issues and in environments of rising interest rates.