Vitamin C Infusion Nj

Address And Details

P. O. Box 219078 , Kansas City, MO 64121
Fund Manager	Team Managed
Manager Tenure

Strategy And Objective

The Funds investment objective is to seek tax-free income.Under normal market conditions, and as a fundamental policy, the Fund invests at least 80% of its net assets (plus borrowings for investment purposes) in securities the income from which, in the opinion of counsel to the issuer of each security, is exempt from regular federal individual and, as applicable, the Funds state income tax. The policy stated in the foregoing sentence may not be changed without shareholder approval of a majority of the Funds outstanding voting securities, as defined in the Investment Company Act of 1940, as amended (1940 Act). In complying with this 80% investment requirement, the Fund may invest in derivatives and other instruments that have economic characteristics similar to the Funds direct investments that are counted toward the 80% investment requirement. The Fund selects investments without regard to the alternative minimum tax (AMT). Additionally, under normal market conditions, the Fund invests at least 80% of its net assets (plus borrowings for investment purposes) in New Jersey municipal securities, and in derivatives and other instruments that have economic characteristics similar to such securities. These securities are generally issued by the state and its political sub divisions (such as cities, towns, counties, agencies and authorities) and primarily include municipal bonds long-term (more than one-year) obligations, municipal notes (short-term obligations) and interests in municipal leases. Municipal securities generally are classified as general or revenue obligations. General obligations are secured by the issuers pledge of its full faith, credit and taxing power for the payment of principal and interest. Revenue obligations are bonds whose interest is payable only from the revenues derived from a particular facility or class of facilities, or a specific excise tax or other revenue source. The securities in which the Fund invests may also include securities issued by issuers located outside of New Jersey, such as U.S. territories, commonwealths and possessions or by their agencies, instrumentalities and authorities, if the interest on such securities is not subject to New Jersey and federal income tax. These securities are New Jersey municipal securities for purposes of this prospectus.