What does PPM mean in NYSE SYMBOLS

An Investment Grade Municipal Income Fund is a mutual fund that invests primarily in municipal bonds. These bonds are issued by state and local governments, as well as public authorities such as school districts, to finance public projects or to pay for debt service on previously issued securities. Investment Grade Municipal Income Funds provide investors with a safe and reliable source of income from tax-free investments.

Any investor who wishes to benefit from the tax-advantaged income generated by municipal bonds can invest in an Investment Grade Municipal Income Fund. Typically, these funds approach their investments with minimal risk, making them attractive to conservative investors who prefer consistent returns with low volatility.

Generally speaking, you must first open a brokerage account with a financial institution that offers access to this type of fund. From there, you may be able to purchase shares of the fund directly on the open market or through the brokerage firm’s platforms such as an online trading portal or other electronic trading platform.

One major advantage of investing in this type of fund is the potential for higher after-tax yields than what may be available from taxable fixed-income investments such as certificates of deposit (CDs) and corporate bonds due to the tax-exempt status of many municipal securities held in an Investment Grade Municipal Income Fund. Additionally, these funds generally have more liquidity than individual munis because they hold multiple issues from different issuers across various maturities which provides diversification benefits.

The investment grade classification assigned to a particular bond indicates that it has a low probability of default – meaning there is very little risk involved when investing in this type of fund. Additionally, many municipal bond funds focus solely on investment grade bonds providing further insulation against potential losses due to defaults or downgrades.

Generally speaking, your money is not guaranteed nor insured when you invest it into any mutual fund regardless if its an investment grade municipal income fund or otherwise. Mutual funds are subject to market risks so before investing make sure you understand and accept those risks involved with any potential gains or losses back into your capital balance portfolio should any changes occur within then market environment at anytime during your holding period for that particular asset class or instrument.

Yes, most Investment Grade Municipal Income Funds typically distribute income payments on a regular basis (monthly, quarterly etc). Furthermore, given that many muni bonds have coupons paid semi-annually; distributions will usually occur twice per year depending on when interest payments are received by the fund manager(s).

Yes like most mutual funds there may be various fees associated such as sales loads, management expenses such as annual operating costs etc.. Make sure you read through the prospectus carefully and understand all relevant fees prior submitting your application as well as those fees pertinent only to specific underlying bond holdings.