Manning & Napier Diversified TE Series Fund (EXDVX - Free Report) seeks maximization of income which is exempted from federal income tax. EXDVX also focuses on preservation of capital. EXDVX invests mainly in municipal bonds and other-related securities, whose income are exempted from both federal income tax and Alternative Minimum Tax.

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% and 5 year 0.8%. To see how this fund performed compared in its category, and other #1 and #2 Ranked Mutual Funds, please click here.

This Zacks Rank #3 (Hold) was incepted in October 2005 and is managed by Manning&Napier. EXDVX carries an expense ratio of 0.58% and requires a minimal initial investment of $2,000.