Investment Grade Tax-Exempt Bond
Fund Resources
- Fact Sheet (PDF | 1021 KB)
- Commentary (PDF | 136 KB)
- Strategy Highlight (PDF | 94 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 | 76628T835 | SISIX |
| C | 76628T827 | SCITX |
| I | 76628T843 | STTBX |
Subadvisor
Objective
The Fund seeks to provide as high a level of total return through federally tax-exempt current income and capital appreciation as is consistent with the preservation of capital, primarily through investment in investment-grade tax-exempt fixed-income securities.
Suitability
The Fund is suitable for investors seeking a moderate rate of federally tax-free income with less share-price volatility than longer-term bond funds. The Fund seeks to enhance total return by capitalizing on movements in nominal interest rates. Capital gains (or losses) are subject to treatment as taxable events at federal, state and local levels, if applicable. Income from the Fund may be subject to the Alternative Minimum Tax.
Investment Risks
This Fund carries lower reward potential and, correspondingly, has lower risk tied to it than more aggressive investments.
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.