The Taxable Municipal Bond Series is a fully taxable fund appropriate for IRAs or other tax-advantaged accounts. Also, the fund is suitable for tax-exempt organizations which prefer a taxable bond fund. Investment in any bond fund involves interest rate risk, credit risk and possible loss of principal.
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Yield data shown is based on calculations as further explained in the Statement of Additional Information which is available upon request. The 30 Day Distribution Yield represents the annualized average dividend divided by the average number of shares for the past 30 days. The 30 Day Compound Yield represents the 30 Day Distribution Yield compounded monthly for those shareholders who elect to reinvest dividends. Performance data shown represents past performance and is not a guarantee of future results. Investment return and principal value will fluctuate, so you may have a gain or loss when shares are sold. Quoted fund expenses are taken from the fee table of the most recent prospectus. Current performance may be higher or lower than that quoted. Investors may call 1-800-866-0614 to obtain performance data current to the most recent month-end.