| Municipal Bond Fund | |
 A mutual fund that invests in municipal bonds, operating either as an investment trust or as an open-end fund. |
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 Because the bonds are local government issues, they usually help to maximize tax-exempt income. |
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 Bond Basics Tutorial - What are bonds and do they belong in your portfolio? Get all the answers in this comprehensive tutorial. Mutual Fund Basics Tutorial - Learn about the basics--and the pitfalls!--of investing in mutual funds. Weighing the Tax Benefits of Municipal Securities - Find out how to determine whether the tax exemption offered by "munis" benefits you. |
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