Top 20 Muni Funds
Municipal bond fund is popular among income seeker investors or retiree. You can get tax free income for your investment. The yield from the fund is tax exempt from federal income tax or possibly state income tax. Using mutual fund, you can mitigate the investment risk as well. Investing in mutual fund provide another chance for asset diversification.This top performing fund is sorted based on its 1 year performance up to January 2014. You can find the fund review below. Some of these funds are top performing or best funds in its category. Check whether you should invest this best fixed income fund in your brokerage or 401k account or retirement account.
Top performing municipal bond mutual funds 2014 are:
- Colorado BondShares A Tax-Exempt (HICOX)
- Fidelity Municipal Income 2017 (FMIFX)
- Wells Fargo Advantage CA Ltd-Term T/F A (SFCIX)
- Transamerica Enhanced Muni A (TAMUX)
- Nuveen Short Term Municipal Bond A (FSHAX)
- Fidelity Municipal Income 2015 (FMLCX)
- Wells Fargo Advantage S/T Muni Bd A (WSMAX)
- USAA Tax Exempt Short-Term (USSTX)
- T. Rowe Price MD Short-Term Tax-Free ( PRMDX)
- T. Rowe Price Tax-Free Shrt-Interm (PRFSX)
- Capital Group Short-Term Municipal (CSTMX)
- Western Asset Short Duration Muni Inc A (SHDAX)
- Wells Fargo Advantage S/T Muni Bd Inv (STSMX)
- Dreyfus Short-Intermediate Muni Bd A (DMBAX)
- Wells Fargo Advantage Strat Muni Bd A (VMPAX)
- Columbia Short Term Muni Bd A (NSMMX)
- RidgeWorth S/T Municipal Bond A (SMMAX)
- Vanguard Ltd-Term Tx-Ex (VMLTX)
- Vanguard Short-Term Tx-Ex (VWSTX)
- American Funds Shrt-Term Tx-Exmpt Bd A (ASTEX)
Fidelity Municipal Income 2017 Fund (FMIFX)
Fidelity Municipal Income 2017 Fund has a total return of 1.23% in 2013. It uses its assets to buy investment-grade municipal securities whose interest is exempt from federal income tax. The fund’s managers are Jamie Pagliocco, Mark Sommer, and Kevin J. Ramundo. The tax free yield is 1.40%.You can purchase this top performing muni bond mutual fund 2014 with $10,000 initial investment. The top 3 bond sectors are state & local general obligation, education, and health.
Nuveen Short Term Municipal Bond Fund (FSHAX)
Nuveen Short Term Municipal Bond Fund is a 3 star rated muni bond fund. It invests mainly in tax free high quality municipal debts around the United States. Christopher L. Drahn is the fund manager. Its yield is currently 1.34%. This fixed income fund has a sales load of 2.50%. Its expense ratio fee is 0.73% per year. The average 3 year return is 2.61%.The minimum initial investment for your brokerage is $3,000. For retirement account, please check with your brokerages. You can buy from 71 brokerages such as: Northwestern Mutual Investment Service, LLC, Ameriprise Brokerage, Pershing FundVest NTF, Merrill Edge, Raymond James, Td Ameritrade, etc.
USAA Tax Exempt Short-Term Fund (USSTX)
Managed by Regina G. Shafer and Diederik Olijslager, USAA Tax Exempt Short-Term Fund has a 5 year annualized return of 3.12%. The current shares price is $10.72. Popular among investors, it has $2.1 billion of total assets. This no load fund has an annual expense fee of 0.55%.The top 2 bond holdings are Mission Tex Econ Dev Corp Rev Bds 0.45%, and Emmaus Pa Gen Auth 1.06%. Top 2 bond sectors are industrial, and health. This top bond fund 2014 has managed to achieve 31 years of positive return and 0 years of negative return.
Fund Performance
| No | Name | Ticker | YTD | 1 Year | 3 Year | 5 Year | 10 Year |
|---|---|---|---|---|---|---|---|
| 1 | Colorado BondShares A Tax-Exempt | HICOX | 0.04% | 1.75% | 4.31% | 4.39% | 4.59% |
| 2 | Fidelity Municipal Income 2017 | FMIFX | 0.22% | 1.42% | N/A | N/A | N/A |
| 3 | Wells Fargo Advantage CA Ltd-Term T/F A | SFCIX | 0.02% | 1.30% | 3.03% | 3.71% | 2.93% |
| 4 | Transamerica Enhanced Muni A | TAMUX | 0.29% | 1.30% | N/A | N/A | N/A |
| 5 | Nuveen Short Term Municipal Bond A | FSHAX | 0.02% | 0.94% | 2.44% | 3.01% | 2.39% |
| 6 | Fidelity Municipal Income 2015 | FMLCX | 0.01% | 0.77% | N/A | N/A | N/A |
| 7 | Wells Fargo Advantage S/T Muni Bd A | WSMAX | 0.12% | 0.81% | 2.10% | 3.70% | 3.11% |
| 8 | USAA Tax Exempt Short-Term | USSTX | 0.03% | 0.74% | 2.51% | 3.29% | 2.86% |
| 9 | T. Rowe Price MD Short-Term Tax-Free | PRMDX | 0.01% | 0.72% | 0.94% | 1.38% | 1.90% |
| 10 | T. Rowe Price Tax-Free Shrt-Interm | PRFSX | 0.20% | 0.70% | 2.46% | 3.13% | 2.91% |
| 11 | Capital Group Short-Term Municipal | CSTMX | 0.10% | 0.80% | 1.81% | N/A | N/A |
| 12 | Western Asset Short Duration Muni Inc A | SHDAX | 0.22% | 0.68% | 1.88% | 2.53% | 2.50% |
| 13 | Wells Fargo Advantage S/T Muni Bd Inv | STSMX | 0.12% | 0.78% | 2.07% | 3.66% | 3.09% |
| 14 | Dreyfus Short-Intermediate Muni Bd A | DMBAX | 0.17% | 0.70% | 1.68% | 2.46% | 2.46% |
| 15 | Wells Fargo Advantage Strat Muni Bd A | VMPAX | 0.26% | 0.73% | 3.39% | 3.72% | 3.13% |
| 16 | Columbia Short Term Muni Bd A | NSMMX | 0.02% | 0.48% | 1.21% | 1.57% | 2.10% |
| 17 | RidgeWorth S/T Municipal Bond A | SMMAX | 0.10% | 0.58% | 4.36% | 4.64% | 3.74% |
| 18 | Vanguard Ltd-Term Tx-Ex | VMLTX | 0.12% | 0.67% | 2.03% | 2.55% | 2.66% |
| 19 | Vanguard Short-Term Tx-Ex | VWSTX | 0.08% | 0.54% | 1.04% | 1.37% | 2.10% |
| 20 | American Funds Shrt-Term Tx-Exmpt Bd A | ASTEX | 0.12% | 0.51% | 1.62% | N/A | N/A |
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