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.