Material Events

In the municipal market, with regard to Rule 15c2-12, one of 11 specified events that must be disclosed to investors if they occur.

Remarks: Bond funds including mutual funds (open-end and closed-end, actively managed and indexed), exchange-traded funds and unit investment trusts offer a convenient and affordable way to invest in a diversified portfolio of bonds, but a bond fund investment can differ from a bond investment in ways that are important to understand.