High Yield Muni Fund
High yield municipal bond funds invest most of its assets in lower rated municipal bonds. These bond funds provide tax free high yield income for investors. They usually provide the distribution yield regularly (i.e. monthly or quarterly). They have higher risk than investment grade municipal bond funds. The investment risks include market risk, interest risk, issuer risk, etc.You can buy and sell this high yield muni fund using your brokerage. You can invest as little as $1,000 for regular investment account or $100 for retirement account. For your 401k account, please check with your fund administrator about this fund.
From this best performing funds list, you may find each individual fund review. You can find the fund performance, expense ratio, and yield or dividend from the table below. The list is sorted based on its year to date performance in 2014 (up to July 2014).
Top 15 high yield municipal bond mutual funds 2014 are:
- Nuveen High Yield Municipal Bond Fund
- Eaton Vance High-Yield Municipal Income Fund
- AMG GW&K Municipal Enhanced Yield Fund
- AllianceBernstein High Income Municipal Portfolio
- BlackRock High Yield Municipal Fund
- Wells Fargo Advantage High Yield Municipal Bond Fund
- Transamerica High Yield Muni Fund
- Goldman Sachs High Yield Municipal Fund
- MainStay High Yield Municipal Bond Fund
- Principal Opportunistic Municipal Fund