The Schwab Opportunistic Municipal Bond Fund is an actively managed mutual fund focused on generating income that is exempt from regular federal income tax. It primarily invests in investment-grade municipal securities, with at least 80% of its assets allocated accordingly, but it also has the flexibility to include securities of varying maturities, durations, and credit qualities, including up to 20% in below investment-grade bonds. The fund's portfolio is diversified across general obligation and revenue obligation municipal bonds, and may also include other forms such as variable rate securities, municipal notes, and certificates of participation. Managed by experienced portfolio managers leveraging proprietary credit research and rigorous risk analysis, the fund seeks to capture opportunities across the municipal bond market while maintaining a strong emphasis on risk control and tax efficiency. It is notable for offering no investment minimums or sales loads, and is designed to appeal to investors seeking federally tax-free income from a broad universe of U.S. municipal issuers. The fund plays a significant role in the fixed income market by providing access to tax-advantaged municipal debt and financial flexibility to adapt to changing market conditions.
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