Municipal Bond Funds

Municipal bond funds are investment vehicles that pool money from many investors to buy a diversified portfolio of municipal bonds—debt securities issued by state or local governments to fund public projects like schools or roads. These funds offer investors regular interest income that is often exempt from federal income taxes, and sometimes state and local taxes, making them attractive for tax-efficient investing. They provide diversification, professional management, and access to a broad range of municipal bonds, helping investors reduce risk while supporting public infrastructure projects.