These Are The Top Ten Muni Target Maturity Funds
Investing in municipal bond funds gives investors a high level of diversification in a single investment. However, investing in a portfolio of funds gives no guarantee that the entire principal amount will be available at a specific maturity date. One can overcome this by investing in muni target maturity funds and ETFs. Such funds and ETFs invest in bonds from U.S. state and local governments that are expected to mature in the same year. Another benefit of these funds is that their income is generally free from federal taxes. Let’s take a look at the top ten muni target maturity funds (and ET...