Maybe no one has told you that there is a credit crisis and people are selling all types of fixed income assets (including muni bonds) and stocks to buy one month treasuries paying .17% interest. Once the feds actions and the "risk" profile has returned these prices will be bid back up again. For and investment time frame of 1-2 years this fund IMHO is a no brainer...high tax free divis plus capital appreciation to boot. There is blood in the streets in the muni market (especially medium to long term) I want to be buying (and reinvesting divis) here not selling...and I am several times a week. Good luck to you.