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.

Municipal bonds, or "muni bonds," comprise debt securities issued by various states, cities, counties and other governmental entities to raise money to build roads, schools and a host of other ...

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 ...