short-term municipal bond fund

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 ?
Schwartz also manages the RidgeWorth Seix High Grade Municipal Bond Fund and RidgeWorth Seix Short-Term Municipal Bond Fund.
For the second consecutive year,1 the Wells Fargo Advantage Short-Term Municipal Bond Fund, Investor Class,was named the Best Short Municipal Debt Fund for the 10-year period (out of 35 funds).
In addition to receiving Lipper Fund Awards this year, the Wells Fargo Advantage Short-Term Municipal Bond Fund, Investor Class, also received three awards in 2011.
The five Lipper Awards given to the Wells Fargo Advantage Municipal Bond Fund and the Wells Fargo Advantage Short-Term Municipal Bond Fund in particular are a validation of the portfolio management team's highly successful approach," said Rabusch.
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.