The investment seeks as high a level of current interest income exempt from federal income tax as is available from municipal obligations and as is consistent with prudent investment management and preservation of capital. The fund will normally invest at least 80% of its net assets, plus the amount of any borrowings for investment purposes, in securities the income from which is exempt from federal income taxes, including the federal alternative minimum tax. It will invest its assets in securities with maturities of various lengths, depending on market conditions, but will have a dollar-weighted average effective maturity of between 5 and 30 years.
Fund filings (PDF) »
Stephen Czepiel (Started: Jul 16, 2007)
Gregory Gizzi (Started: Dec 28, 2012)
Joseph Baxter (Started: May 22, 2003)
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Delaware Investments, 2005 Market Street, One Commerce Square, Philadelphia, PA 19103, USA