Old Westbury New York Municipal Bond Fund is an open‑end mutual fund focused on investment‑grade municipal securities tied to New York issuers. Its primary objective is total return, combining current income from tax‑exempt bonds with the potential for capital appreciation through active management of credit quality and interest‑rate exposure. The portfolio concentrates on debt issued by the State of New York, its agencies, and local municipalities, financing essential public projects such as transportation, education, and utilities, while maintaining an investment‑grade profile. The fund features a moderate expense ratio and a quarterly distribution cadence, reflecting its income‑oriented mandate within the New York muni intermediate category. With over a hundred holdings and low measured beta, it aims to provide diversified exposure to the New York municipal market, balancing credit dispersion and duration to manage risk relative to broader fixed income. By focusing on tax‑exempt cash flows from New York municipal issuers, Old Westbury New York Municipal Bond Fund plays a role for investors seeking state‑specific municipal bond exposure within a professionally managed framework.
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