Our tax free series are single state municipal bond funds, and the government bond series is a taxable fund.

All funds' dividends accrue on a daily basis and are distributed (reinvest or cash payment) on the noted pay cycles. All the short to medium series and the government bond series are monthly dividend payments. All the income series are quarterly payments. Monthly dividends are distributed on the last business day of each month. Quarterly dividends are based on calendar quarters and are distributed on the last business day of March, June, September, and December. There are no ex-dates for dividends.

Our Investment Policies and Restrictions prohibit the purchase of securities subject to the Alternative Minimum Tax (AMT). Thus none of our dividend distributions are subject to AMT.