WNYAX

About WNYAX

Wilmington New York Municipal Bond Fund Class A is a tax-exempt municipal bond mutual fund focused on generating current income exempt from federal and New York State personal income taxes. The fund primarily invests in investment‑grade municipal securities issued by New York state and local entities, targeting an intermediate interest-rate profile with a typical weighted average maturity of roughly three to ten years. It is positioned within the Muni New York Intermediate category and is managed with a non‑diversified approach, allowing for more concentrated exposures across select New York issuers. The portfolio distributes income monthly and seeks to maintain at least 80% of distributed income as federally and New York tax‑exempt. Its role in the market is to provide state‑specific tax‑efficient income for New York residents while offering intermediate duration characteristics that balance interest‑rate sensitivity and income generation. Key attributes commonly tracked by investors include expense ratio, turnover, and historical risk-adjusted performance relative to municipal benchmarks and category peers. According to third‑party profiles, the fund’s strategy and category placement emphasize stability of tax‑exempt income over long‑term capital appreciation.