1 Source: Bloomberg Barclays U.S. Municipal Bond Index, as of May 7, 2021
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Asset allocation, diversification and rebalancing do not ensure a profit or protect against loss in declining markets.
Bonds are subject to interest rate, inflation and credit risks.
Income from investing in municipal bonds is generally exempt from Federal and state taxes for residents of the issuing state. While the interest income is tax-exempt, any capital gains distributed are taxable to the investor. Income for some investors may be subject to the Federal Alternative Minimum Tax (AMT).
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