Substantially all of the fund's assets (at least 90%) are invested in
tax-exempt securities.
KTF seeks to provide high current income exempt from federal income tax by investing in a diversified portfolio of investment-grade
tax-exempt securities. KSM aims at a high level of current income exempt from federal income tax.
Another bond issue is taxable or
tax-exempt securities. Taxable bonds will create taxable income, and tax-free or tax sensitive bonds will typically produce income that is tax-free.
"Nongovernmental" money market funds include "prime" funds that invest primarily in corporate debt securities and also municipal and tax-exempt funds that invest in municipal bonds and other
tax-exempt securities.
Keep in mind that the exemption does not apply to capital gains on the disposition (e.g., sale or call) of
tax-exempt securities like municipal bonds.
Tax-Exempt Securities Ranking This Last Company Location Year Year 1 2 Siebert Brandford New York, NY Shank & Co.
This is accomplished by having the donor contribute an appreciated asset to a charitable remainder trust and take back an annuity or unitrust interest, then having the trust sell the asset and reinvest the proceeds in
tax-exempt securities. Assuming there is no express or implied obligation on the trustee to sell the asset and reinvest in
tax-exempt securities (Rev.
The bank collected nearly $88.6 million on
tax-exempt securities during 2012.
Lewellyn (1922), which sustained the application of
tax-exempt securities to federal estate tax; and Hale v.
It estimated the firm's year-end underwriting profits by means of a twice-yearly survey of the firm's various profit centers, and used the results to order the investment department to alter its mix of taxable and
tax-exempt securities, to minimize the firm's estimated tax obligations.
His experience includes ten years in a securities pricing role, where he managed the development of a proprietary evaluation system for the pricing of over 3 million taxable and
tax-exempt securities. Prior to his current role Greg spent seven years in a business development capacity focused on the development of solutions across all credit market needs.
Finally, holding
tax-exempt securities in a tax-deferred account could mean you're accepting a lower return but getting no additional tax advantage.
