WNYIX Wilmington New York Municipal Bond Instl Forecast, Technical & Fundamental Analysis

The investment seeks to provide current income that is exempt from both federal and New York personal income taxes. The fund seeks to achieve its investment goal, under normal circumstances, by investing its net assets so that at least 80% of the income it distributes will be exempt from federal regular income tax and personal income tax imposed by the State of New York and New York municipalities. It generally invests in investment grade municipal securities. The fund seeks to maintain a weighted average maturity of three to ten years. It is non-diversified.