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.
Farlex Financial Dictionary. © 2012 Farlex, Inc. All Rights Reserved

short-term municipal bond fund

See tax-exempt money market fund.
Wall Street Words: An A to Z Guide to Investment Terms for Today's Investor by David L. Scott. Copyright © 2003 by Houghton Mifflin Company. Published by Houghton Mifflin Company. All rights reserved. All rights reserved.
Mentioned in ?
References in periodicals archive ?
The group manages more than $80 billion in taxable and tax-exempt fixed income portfolios including Baird Ultra Short Bond Fund, Baird Short-Term Bond Fund, Baird Intermediate Bond Fund, Baird Aggregate Bond Fund, Baird Core Plus Bond Fund, Baird Short-Term Municipal Bond Fund, Baird Core Intermediate Municipal Bond Fund, and Baird Quality Intermediate Municipal Bond Fund.
Baird Advisors Expands Senior Team; Adds Municipal Bond Co-Leader
(Schwartz also manages the RidgeWorth Seix High Grade Municipal Bond Fund and RidgeWorth Seix Short-Term Municipal Bond Fund.)
Munis Are a Big 'Buying Opportunity,' Bond Manager Says

Financial browser ?
Full browser ?