short-term municipal bond fund

(redirected from Short-Term Municipal Bond Funds)

Short-Term Municipal Bond Fund

A mutual fund that invests predominantly or exclusively in short-term municipal bonds. The returns on a short-term municipal bond fund derive from coupons on the municipal bonds and are therefore tax exempt. The short-time frame of the bonds makes the fund quite liquid. As a result, these funds are beneficial for short term investors who wish to minimize their tax liability.

short-term municipal bond fund

References in periodicals archive ?
Kozemchak has 13 years experience and manages Federated's municipal money market funds, many of which are state-exempt and short-term municipal bond funds.
In the near term, before the Fed signals it's about to raise rates, we believe the investment experience with the Fund will be similar to a short-term municipal bond fund.