Virginia Tax-Free Money Market
Fund Resources
- Fact Sheet (PDF | 156 KB)
- Prospectus - A, C & I Shares (PDF | 308 KB)
- Annual Report (PDF | 2 MB)
- Semi-annual Report (PDF | 1 MB)
- SAI (PDF | 2 MB)
| Class | CUSIP | Ticker |
|---|---|---|
| A | 76628T272 | CIAXX |
| I | 76628T280 | CFMXX |
Subadvisor
Objective
The Fund seeks to provide as high of level of current income exempt from federal and Virginia income taxes as is consistent with the preservation of capital and the maintenance of liquidity. The Fund invests primarily in high-quality, short-term municipal securities.
Suitability
The Fund is suitable for high-tax-bracket investors seeking a short-term cash management tool as part of their overall investment strategy. In addition, the Fund's emphasis on Virginia issuers may provide additional tax benefit to investors located in that state.
Investment Risks
This Fund has low share-price volatility and, correspondingly, has lower risk tied to it than more aggressive investments.
Investing in regional funds may involve additional risk since investments are concentrated in one geographic area. The fund’s income may be subject to certain state and local taxes and, depending on your tax status, the federal alternative minimum tax.
An investment in the Fund is not insured or guaranteed by the FDIC or any other government agency. Although the Fund seeks to preserve the value of your investment at $1.00 per share, it is possible to lose money by investing in the Fund.