Assertion: fund's distribution | /r/HasProperty | tax-exempt
Facets:
value: in a particular state
type: LOCATION
Source sentences:
text: Rule 2a-7 provides relief from its diversification requirements to single state funds in recognition of the fact that such a fund may have difficulty in meeting these standards without sacrificing credit quality, and this relief is appropriate when a fund is seeking to maximize its distributions that are tax-exempt in a particular state.
text: Similarly, a UIT with a name indicating that its distributions are tax-exempt may have a misleading name even if it invests 80% of its assets in tax-exempt investments.16