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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 : 2.46 percent Expense ratio : 0.11 percent
The VanEck High Yield Muni ETF seeks to match the investment performance of an index that tracks the U.S. high-yield long-term tax-exempt bond market. The bonds in this fund are generally exempt ...
In 1986, MFS offered the first closed-end, high-yield municipal bond fund to be traded on the New York Stock Exchange. In 1982, the company was acquired by Sun Life Financial of Canada. [5] In 1998, MFS Chairman and Chief Executive, A. Keith Brodkin died, causing a major shift in top management.
Asset management, Fixed income, Money market, Alternative investments, Closed-end funds, Open-end funds, Corporate bonds, High-yield debt, Government bonds, Municipal bonds: AUM: US$381.1 billion (as of 30 June 2024) [1] Parent: Franklin Templeton: Website: www.westernasset.com
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 ...
Muni bonds are a more attractive option for investors in high-tax states and cities, so investors in those areas should be sure to calculate the tax-equivalent yield on potential muni investments.
These pools are important investments tools, offering safety with a competitive yield. GIP managers are vested with a public trust that the pool will maintain liquidity, diversity, and follow the investment pool’s guidelines. GIPs have a history of prudent management; however, there have been several isolated instances of fund losses.
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