Important Legal Information
For investors subject to the alternative minimum tax, a small portion of fund dividends may be taxable. Distributions of capital gains are generally taxable. To avoid the imposition of 28% backup withholding on all fund distributions and redemption proceeds, U.S. investors must be properly certified on Form W-9 and non-U.S. investors on Form W-8BEN.
The 30 day standardized yield and distribution rates reflect any applicable expense reductions, without which the results for those impacted funds would have been lower.
For more information on any of our funds, contact your financial advisor or download a free prospectus. Investors should carefully consider a fund's investment goals, risks, sales charges and expenses before investing. The prospectus contains this and other information. Please read the prospectus carefully before investing or sending money.
Because municipal bonds are particularly sensitive to interest rate movements, the fund's yield and share price will fluctuate with market conditions. Bond prices, and thus the fund's share price, generally move in the opposite direction from interest rates. As the prices of bonds in a fund adjust to a rise in interest rates, the fund's share price may decline. It is important to note that the fund can only distribute what it earns and earnings are influenced by interest rates. When interest rates decline, fund earnings and dividend payments usually decline as well. This is what is known as income risk. Since the fund concentrates its investments in a single state, it is subject to greater risk of adverse economic and regulatory changes in that state than a geographically diversified fund. These and other risks are detailed in the fund's prospectus.
