Best Bond Funds
Tax-free income funds invest mainly in municipal bonds. Municipal bonds are debt issued by a state, city, or other municipality. The debts are used for general governmental needs or to finance special public projects. Municipal bonds pay interest that is free from regular federal income tax, and state-specific bonds can provide residents of those states with income free from state and, in some cases, local income taxes as well.Top performing high yield municipal closed end funds of 2016 are: