Stock Taper
The fund seeks a high level of income that is exempt from federal income tax. The fund normally invests at least 80% of its assets in investment-grade tax-exempt securities. It primarily invests in intermediate-term securities.

This is a target-date mutual fund designed for a 529 education savings plan. It automatically adjusts its asset allocation to become more conservative as the target enrollment years of 2038 and 2039 approach.