
See exactly how MTLFX's revenue becomes profit — a Sankey that traces revenue (and its reported segments) through gross profit, operating expenses, and net profit, with the year-over-year change on every line.
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Under typical market conditions, this fund primarily dedicates at least 80% of its total assets to securities and other holdings that produce interest exempt from federal income tax, with municipal instruments being a central investment focus. While the interest earned is generally federal tax-exempt, it may still be subject to the federal alternative minimum tax. The fund also aims to maintain a relatively short duration, as its dollar-weighted average effective maturity usually does not surpass five years.
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