Duration, yield curve positioning, call protection, sector and security strategies are all utilized to add value. It is a weighted maturity at present value of all principal and interest payments. Net of fees and expenses.
Past performance is no guarantee of future returns.
Investment return and principal value will fluctuate so that Fund shares, when redeemed, may be worth more or less than their original cost. All results include changes in share price and reinvestment of all dividend and capital gain distributions. Fund holdings are subject to change. Please read it carefully before investing or sending money. It is an unmanaged index representative of the tax-exempt bond market.