The portfolio slightly trailed the benchmark, with performance patterns differing significantly from month to month.
Market leadership shifted during the quarter but ultimately narrowed, with strength in a relatively small number of companies.
Broader market participation buoyed the funds performance for the quarter, outperforming benchmark indices.
Tax-Exempt Yields Rise and Curve Flattens
Yields Rise Sharply in September as Fed Hikes Amid Strong Economic Data and Stubborn Inflation
