Popular Municipal Bond Mutual Funds
Municipal bond mutual fund is part of fixed income mutual fund. This muni bond fund utilizes its assets to purchase high quality municipal bonds offered by states in U.S. The interest from this fund is tax free from federal income tax rate. It may be exempted from state or local tax as well. The total returns from this fund may be higher than other taxable bond fund, depending on your tax bracket.These best municipal bond mutual funds for 2013 are selected based on its performance history and potential future performance. Some of these best muni bond funds don’t have a sales load and transaction fee. Some funds do have a sales load. The funds are ranked with 4 star rating or higher by Morningstar. You may find the fund review below and other fund information.
Best Muni Bond Mutual Funds |
Best municipal bond mutual funds for 2013 & 2014 are:
- Bernstein Diversified Municipal fund (SNDPX)
- USAA Tax Exempt Intermediate-Term fund (USATX)
- Wells Fargo Advantage Short Term Municipal Bond fund (STSMX)
- Vanguard High-Yield Tax-Exempt fund (VWAHX)
- T. Rowe Price Summit Municipal Income fund (PRINX)
- Wells Fargo Advantage Municipal Bond fund (SXFIX)
- Wells Fargo Advantage Intermediate Tax/AMT-Free fund (SIMBX)
- SEI Tax-Exempt Tax-Advantaged Income fund
- GuideMark Tax-Exempt Fixed Income fund
- BNY Mellon Municipal Opportunities fund
- American Funds Tax-Exempt Bond fund
- Vanguard Intermediate-Term Tax-Exempt fund