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Top municipal bond funds. Data below as of July 17, 2024. Vanguard Tax-Exempt Bond ETF (VTEB) The Vanguard Tax-Exempt Bond ETF is an index fund that seeks to track the performance of a benchmark ...
Fund assets: $3.1 billion *Note: To compare municipal bond funds with taxable funds, investors calculate a taxable equivalent yield, which can be determined by dividing the municipal yield by (1 ...
Municipal bonds pay interest that is federally tax-free, and it’s often also exempt in the state where it is issued. The fund has an intermediate duration of 6.5 years and a current yield of 3.57%.
For example, assume an investor in the 38% tax bracket is offered a municipal bond that has a tax-exempt yield of 1.0%. Using the formula above, the municipal bond's taxable equivalent yield is 1.6% (0.01/(1-0.38) = 0.016) - a figure which can be fairly compared to yields on taxable investments such as corporate or U.S. Treasury bonds for ...
The fund's charter, prospectus and the applicable government regulations specify the types of investments the fund manager is permitted to buy. Some funds invest in stocks, others in bonds, and some in very specific things (for instance, tax-exempt bonds issued by the state of Florida in the USA).
Build America Bonds can provide states and localities with substantial savings on their borrowing costs. According to the United States Department of the Treasury, the savings for a 10-year bond are estimated to be 31 basis points and the savings for a 30-year bond are estimated to be 112 basis points versus traditional tax-exempt financing. [5]
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
In contrast, the TSX Capped REIT Index, [26] which is exempt from the 'Tax Fairness Plan', gained 3.2% in market value. According to the Canadian Association of Income Funds, this translates into a permanent loss in savings of $30 billion to Canadian income trust investors. [27]
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