What are some of the benefits I receive from buying shares of a municipal bond fund?
The Trust’s professional management monitors the investments on a continuing basis and can react to changing credit and economic conditions and the varying interest rate environment. You also benefit from greater diversification and from economies of scale provided by the Trust’s overall size. Additionally, through ownership of a municipal bond fund you avoid certain administrative problems and transaction costs associated with the purchase and maintenance of individual municipal bonds.
The Fund’s professional management monitors the investments on a continuing basis and can react to changing credit and economic conditions and the varying interest rate environment. You also benefit from greater diversification and from economies of scale provided by the Fund’s overall size. Additionally, through ownership of a municipal bond fund you avoid certain administrative problems and transaction costs associated with the purchase and maintenance of individual municipal bonds.
