Municipal bonds fund public projects, offering interest twice a year and principal at maturity. You can invest in municipal bonds through new issues, the secondary market, or bond funds.

The term “municipal bond” refers to a type of debt security issued by local, county, and state governments. They are commonly offered to pay for capital expenditures, including the ...

The Fund seeks a high level of income exempt from federal income tax by investing at least 80% of its net assets, plus any borrowings, in municipal bonds. The Fund invests, under normal market ...