MEMUX

About MEMUX

Maine Municipal Fund Class A is an open‑end municipal bond mutual fund focused on generating federally tax‑exempt income by investing primarily in debt issued by Maine state and local entities. According to its category profile, it concentrates on a single state with an intermediate duration mandate, typically targeting portfolios with durations of about four to six years to balance income and interest‑rate sensitivity. The fund normally invests at least 80% of net assets in municipal securities whose interest is free from federal income tax and, for in‑state residents, generally free from state income tax, reflecting the traditional role of single‑state muni funds in financing public projects such as housing, healthcare, and local infrastructure. Recent holdings indicate a high concentration in Maine issuers across housing authorities, healthcare and higher education facilities, and municipal general obligations, underscoring its localized credit exposure and project financing emphasis. With assets around $10 million and a published expense ratio under 1%, it operates as a niche vehicle serving investors seeking tax‑advantaged income aligned with Maine’s municipal market dynamics.