A mutual fund that invests in municipal bonds. An investor in a municipal bond fund receives dividends, representing municipal bond interest payments, that generally are exempt from federal income taxes.
A category of mutual fund investment comprising bonds of state and local governments. These funds may vary by maturity, geographical distribution and rates of return.
A mutual fund that invests in tax-exempt bonds issued by states, cities, or local governments whose interest payments are free from Federal Taxes and are passed to shareholders. Often referred to as tax-free bonds.
A mutual fund that invests in municipal bonds. Municipal bond funds are popular with investors who want to reduce their tax burden, because interest on municipal obligations is often free of federal income taxes and/or state and local income taxes.
Similar to an investment bond, this fund has average to below-average risk. However, the risk of a municipal bond fund lies within the average credit rating of the bond in its portfolio.
Mutual fund that invests in municipal bonds. There are two main types of municipal bond fund: national tax-free funds and state tax-free funds. National tax-free funds invest in municipalities across the U.S. and are exempt from federal income taxes. State tax-free funds invest in a specific state and are exempt from federal and state taxes if you live in the state of issue. National funds offer more diversification and less risk but also less tax benefits.
A mutual fund that invests in tax-exempt securities and passes through tax-free current income to its shareholders. Some municipal bond funds purchase long-term securities that provide a relatively high current yield but substantially in price with changes in interest rates. Other funds choose short-term securities that have lower yields but fluctuate little in value. Municipal bond funds differ from municipal bond unit trusts in that the funds manage the bond portfolios and charge an annual management fee.--See also Double-Exempt Fund; Junk Muni-Bond Fund; Tax-Exempt Money Market Fund.
A fund that invests in municipal bonds which is exempt from Federal Income Tax and passes this tax-free income through to its shareholders.
A type of mutual fund that invests in municipal bonds either operating as a unit investment trust (units of interest in an existing portfolio of tax exempt bonds) or as an open-end fund.
A mutual fund t invests primarily in bonds and debt securities issued by states or municipalities. The objective of most municipal bond funds is to provide current income t is exempt from federal income taxes while protecting the principal from decreasing in value. Both the net asset value and the monthly income can fluctuate with changes in interest rates.
A mutual fund that invests in a broad range of short, intermediate or long-term tax-exempt bonds issued by states, cities and other local governments. The interest obtained from these bonds is passed through to shareholders free of tax. The objective of these funds is current tax-free income.
A mutual fund that specializes in investing in municipal bonds.
Unit investment trust or open-end company whose shares represent diversified holding of tax-exempt securities, the income from which is exempt from federal taxes.
A mutual fund that invests primarily in municipal bonds.
A mutual fund that invests in municipal bonds, operating either as an investment trust or as an open-end fund.
a fund that invests in tax-exempt bonds issued by state, city, and/or local governments. The interest obtained from these bonds is passed through to shareholders and is generally free of federal (and sometimes state and local) income taxes.
A mutual fund that invests in municipal bonds and operates either as a unit investment trust or as an open-end fund. The fund's objective is to maximize federally tax-exempt income. See also: mutual fund.