Glenmede Municipal Intermediate Fund (GTCMX) seeks a high level of current income exempt from federal income tax as is consistent with preservation of capital. GTCMX invests primarily in intermediate and long-term tax-exempt obligtions of the Commonwealth of Pennsylvania and its political subdivisions, agencies, instrumentalities and authorities.
This Muni Bond product has a history of positive total returns for over 10 years. Specifically, the fund’s returns over the 3, 5 year benchmarks; 3 year 1.9% and 5 year 1.6%. To see how this fund performed compared in its category, and other #1 and #2 Ranked Mutual Funds, please click here.
This Zacks Rank #1 (Strong Buy) was incepted in June 1992 and is managed by Glenmede. GTCMX carries an expense ratio of 0.25% and requires a minimal initial investment of $0.
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Zacks Investment Research