Parametric TABS Intermediate-Term Municipal Bond Fund Class A is a mutual fund focused on providing investors with tax-advantaged income by holding a diversified portfolio of primarily high-quality municipal bonds. The fund’s primary objective is to deliver an after-tax total return, investing at least 80% of net assets in municipal obligations whose interest is generally exempt from regular federal income tax. It emphasizes intermediate portfolio duration, typically targeting maturities between 5 and 13 years, and maintains average portfolio durations of approximately 5 to 7 years. Notably, the fund employs active management and security selection strategies that assess bond relative value across economic cycles and market conditions, and is recognized as one of the industry’s few crossover products that can include both municipal and high-grade U.S. government bonds. This structure is designed to help mitigate portfolio risk while providing a potential complement to lower-quality credit strategies. Parametric TABS Intermediate-Term Municipal Bond Fund Class A is particularly relevant for investors seeking stable, tax-efficient income and diversification across various states and sectors within the U.S. municipal market.
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