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The Vanguard High-Yield Tax-Exempt Fund invests in long-term municipal bonds with medium to high credit quality and aims to earn high and sustainable current income exempt from federal income tax.
Here’s what else you should know about high-yield bonds and some of the top funds to consider for your portfolio. Top high-yield bond funds *Yield data below from Morningstar as of Aug. 12, 2024.
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This is a table of notable American exchange-traded funds, or ETFs. As of 2020, the number of exchange-traded funds worldwide was over 7,600, [ 1 ] representing about 7.74 trillion U.S. dollars in assets. [ 2 ]
Below we share with you three top-ranked municipal bond mutual funds. Each has earned a Zacks 1 Rank (Strong Buy). 3 Muni Bond Mutual Funds to Add to Your Portfolio
Because the fund invests in municipal securities that are exempt from federal income tax, the yield is lower than other money market funds. Yield : 2.46 percent Expense ratio : 0.11 percent
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