Tax-exempt income fund

Tax-exempt income fund

A mutual fund that seeks income that is exempt from federal and, in some cases, state and local income taxes.

Tax-Exempt Income Fund

An income fund that invests predominantly or exclusively in securities exempt from taxes, at least at the federal level. The easiest investment for such a fund is in U.S. Treasury securities.
References in periodicals archive ?
6 million) into Columbia Tax-Exempt Fund ($2,450 million) -- California Short Intermediate Term Tax-Exempt Income Fund ($50.
The minimum MBIA account size is usually $10 million, but investors now have access to the same investment expertise through the Enterprise Tax-Exempt Income Fund for a minimum investment of $1,000.
For instance, sales of Putnam's California Tax-Exempt Income Fund, with assets of $2.