Top 5 Highest Yielding Zacks #1 Ranked Municipal Bond Mutual Funds - Highest Yielding Zacks #1 Ranked Funds
July 26 2012 - 10:00AM
Zacks
Debt securities will always be the natural choice of the
risk-averse investor because this category of instruments provides
regular income flow at low levels of risk. Income from regular
dividends helps to ease the pain caused by plunging stock prices.
When considering safety of capital invested, municipal bond mutual
funds are second only to those investing in government securities.
In addition, the interest income earned form these securities are
exempt from federal taxes and in many cases from state taxes as
well.
Below we will share with you the 5 highest yielding Zacks #1
ranked municipal bond mutual funds. Each has earned a Zacks #1 Rank
(Strong Buy) as we expect these mutual funds to outperform their
peers in the future. To view the Zacks Rank and past
performance of all municipal bond funds, investors can click here
to see the complete list of funds.
Mutual Fund
|
Sec 30 Day Yield
|
Oppenheimer Rochester National Municipals A
|
6.53%
|
Pioneer High Income Municipal A
|
6.12%
|
Oppenheimer AMT-Free Municipals A
|
5.91%
|
Invesco Van Kampen High Yield Municipal A
|
5.43%
|
Nuveen High Yield Municipal Bond A
|
5.30%
|
Oppenheimer Rochester National
Municipals A (ORNAX) seeks high current income not subject to
federal income taxes. The fund primarily invests in a wide range of
high-yield municipal securities. All its assets may be utilized to
purchase fixed-income securities of relatively lower quality which
provide high yields. The municipal bond mutual fund returned 15.95%
in the last one year period.
The municipal bond mutual fund has a minimum initial investment
of $1,000 and an expense ratio of 0.64% compared to a category
average of 0.98%.
Pioneer High Income Municipal A (PIMAX) invests in debt
securities and related instruments issued by states, counties and
municipalities as well as agencies of the US and the District of
Columbia. The interest income from these securities must not be
subject to federal income tax. The municipal bond mutual fund
returned 8.21% in the last one year period.
As of May 2012, this municipal bond mutual fund held 181 issues,
with 2.73% of its total assets invested in Illinois Fin Auth
8.125%.
Oppenheimer AMT-Free Municipals A (OPTAX) seeks high
current income exempt from federal income taxes. The fund primarily
invests in municipal securities exempt from federal individual
income tax. The municipal bond mutual fund returned 20.88% in the
last one year period.
The Fund Manager is Daniel G. Loughran and he has managed this
municipal bond mutual fund since 2002.
Invesco Van Kampen High Yield Municipal A (ACTHX) invests
a large share of its assets in municipal bonds, the interest from
which is not subject to federal income tax. A minimum of 75% of its
assets are utilized to purchase municipal bonds of low quality. The
municipal bond mutual fund returned 15.68% in the last one year
period.
The municipal bond mutual fund has a minimum initial investment
of $1,000 and an expense ratio of 0.85% compared to a category
average of 0.98%.
Nuveen High Yield Municipal Bond A (NHMAX) seeks current
income not subject to federal income taxes invests the majority of
its assets in municipal bonds. At least 65% of its assets are
invested in bonds rated investment grade or lower. The municipal
bond mutual fund returned 19.44% in the last one year period.
The Fund Manager is John V. Miller and he has managed this
municipal bond mutual fund since 2000.
To view the Zacks Rank and past performance of all municipal
bond funds, investors can click here to see the complete list of
funds.
About Zacks Mutual Fund Rank
By applying the Zacks Rank to mutual funds, investors can find
funds that not only outpaced the market in the past but are also
expected to outperform going forward. Learn more about the Zacks
Mutual Fund Rank at http://www.zacks.com/funds.
(ACTHX): ETF Research Reports
(NHMAX): ETF Research Reports
(OPTAX): ETF Research Reports
(ORNAX): ETF Research Reports
(PIMAX): ETF Research Reports
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