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The investment seeks as high a rate of income exempt from federal income taxes as is consistent with prudent investment management. The fund normally invests so that either (1) 80% or more of the fund's net investment income is exempt from regular federal income tax or (2) 80% or more of the fund's net assets is invested in securities that produce income exempt from regular federal income tax. It normally invests at least 80% of its total assets in municipal bonds within the highest four rating categories of Moody's or S&P, meaning that the fund may invest up to 20% of the fund's total assets in less than investment grade municipal bonds.
Name | Title | Since | Until |
---|---|---|---|
Mike Zaroogian | Assistant Vice President | 2016 | 2018 |
Biography | Assistant Vice President—State Farm Investment Management Corp.; Investment Professional—State Farm Mutual Automobile Insurance Company | ||
Robert Reardon | Assistant Vice President | 2000 | 2018 |
Biography | Mr. Reardon is Assistant Vice President at State Farm Investment Management Corp. and the Investment Executive—State Farm Mutual Automobile Insurance Company. Mr. Reardon has been involved in all aspects of managing tax advantaged fixed income portfolios for State Farm Mutual Automobile Insurance Company and its affiliated entities. |
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