Municipal Bond Funds
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Top Funds
Muni National Short
Muni national short funds utilize its assets to purchase bonds issued by state and local governments to fund public projects. The portfolios have shorter duration of less than 5 years. These muni bond funds invest in investment grade bonds of many states and sectors. The income from these bonds is tax free from federal taxes and/or state taxes in the issuing state.Best muni national short mutual funds are:
- RidgeWorth S/T Municipal Bond A (SMMAX) – 4.78%
- Thornburg Limited-Term Muni A (LTMFX) – 4.52%
- Bernstein Diversified Municipal (SNDPX) – 4.05%
- MFS Municipal Limited Maturity A (MTLFX) – 3.93%
- Nuveen Limited-Term Municipal Bond A (FLTDX) – 3.90%
- AllianceBern Intermediate Diversified Municipal A (AIDAX) – 3.78%
- Glenmede Municipal Intermediate (GTCMX) – 3.67%
- Wells Fargo Advantage Strategic Municipal Bond A (VMPAX) – 3.58%
- T. Rowe Price Tax-Free Short-Intermediate (PRFSX) – 3.52%