Elfun Tax-Exempt Income Fund is an actively managed municipal bond mutual fund focused on generating a high level of current income that is generally exempt from regular federal income tax. The strategy primarily invests in investment-grade municipal obligations issued by state and local governments and related agencies to finance public infrastructure such as transportation, utilities, and essential services. At least 80% of the fund’s income is designed to be exempt from both regular federal income taxes and the federal alternative minimum tax, aligning it with the needs of tax-sensitive investors seeking federally tax-exempt income streams. The portfolio is categorized in the muni national long segment, reflecting diversified exposure across multiple states and sectors with longer interest-rate sensitivity. The fund distributes dividends on a monthly schedule and has historically maintained a relatively low expense ratio compared with peers, supporting cost-efficient income generation. With a long operating history and broad holdings, the fund plays a role as a core municipal bond allocation for investors aiming to balance tax-advantaged income with diversified credit exposure across U.S. municipal issuers.
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