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A municipal bond, commonly known as a muni, is a bond issued by state or local governments, or entities they create such as authorities and special districts. In the United States, interest income received by holders of municipal bonds is often, but not always, exempt from federal and state income taxation.
The T. Rowe Price Tax-Free High Yield Fund seeks a high level of income that is exempt from federal income tax by investing in long-term municipal securities with a low to upper-medium investment ...
Because the fund invests in municipal securities that are exempt from federal income tax, the yield is lower than other money market funds. Yield : 2.90 percent Expense ratio : 0.15 percent
Municipal bonds are a popular investment choice due to their potential tax advantages and relative safety. However, like any investment, these fixed-income securities come with their own set of ...
An important property of bond funds is the rating of the bonds they own. Funds may be rated from high to low credit quality. The quality of a fund is the average of the bonds owned by the fund. Funds that pay higher yields typically own lower quality bonds. Like stocks, the price of high-yield bonds is subject to fashion.
A government investment pool (GIP), or local government investment pool (LGIP), is a state or local government pool offered to public entities for the investment of public funds. These pools are important investments tools, offering safety with a competitive yield.
An exchange-traded fund (ETF) is a type of investment fund that is also an exchange-traded product, i.e., it is traded on stock exchanges. [ 1 ] [ 2 ] [ 3 ] ETFs own financial assets such as stocks , bonds , currencies , debts , futures contracts , and/or commodities such as gold bars .
Below, we share with you three municipal bond funds, namely, AUNAX, TAIAX, and CXHYX. Each has earned a Zacks Mutual Fund Rank #1.