RMMBX – Aspiriant Risk-Managed Municipal Bond Investment Strategy | Morningstar

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Strategy

The investment seeks total return on investment through income exempt from regular federal income taxes and through capital appreciation. Under normal market conditions, the fund invests at least 80% of its total assets in municipal securities that pay income that is exempt from regular federal personal income tax. These municipal securities include obligations issued by U.S. states and their subdivisions, authorities, instrumentalities, and corporations, as well as obligations issued by U.S. territories (such as Puerto Rico, the U.S. Virgin Islands, and Guam).

Ticker	Name	Share Class Type	Investment Status	Morningstar Rating for Funds Overall	Medalist Rating Overall	Inception Date	Total Net Assets for Share Class	Adjusted Expense Ratio	Fee Level Distribution	Minimum Initial Investment	1-Year Net Flow
RMMBX	Aspiriant Risk-Managed Municipal Bond Fund	No Load	Open			Jul 1, 2015	$1.23B	0.450%	Below Average	$0	$79.30M

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