Top 5 Highest Yielding Zacks #1 Ranked Municipal Bond Mutual Funds - Highest Yielding Zacks #1 Ranked Funds
January 14 2013 - 11:07AM
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
|
Pioneer High Income Municipal A
|
5.56%
|
Oppenheimer Rochester National Municipals A
|
5.03%
|
Invesco Van Kampen High Yield Municipal A
|
5.01%
|
Lord Abbett High Yield Municipal Bond A
|
4.95%
|
Oppenheimer AMT-Free Municipals A
|
4.63%
|
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. The municipal bond mutual fund returned 24.06% in the
last one year period.
The Fund Manager is Daniel G. Loughran and he has managed this
municipal bond mutual fund since 2001.
Nuveen High Yield Municipal Bond A (NHMAX) 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 25.30% in the last one year
period.
As of December 2012, this municipal bond mutual fund held 1878
issues, with 0.97% of its total assets invested in Tennessee Engy
Acquisition CJr R 6.25%.
Pioneer High Income Municipal A (PIMAX) seeks high total
return. The fund 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 21.27% in the last one year
period.
The municipal bond mutual fund has a minimum initial investment
of $1,000 and an expense ratio of 0.89% compared to a category
average of 1.02%.
Oppenheimer AMT-Free Municipals A (OPTAX) invests in
municipal securities exempt from federal individual income tax. The
fund purchases securities regardless of their maturity period. The
municipal bond mutual fund returned 24.90% in the last one year
period.
The Fund Manager is Daniel G. Loughran and he has managed this
municipal bond mutual fund since 2002.
Lord Abbett High Yield Municipal Bond A (HYMAX) seeks
high income not subject to federal income taxes. The fund invests
the majority of its assets in municipal bonds. A minimum of 50% of
its assets must be utilized to purchase municipal bonds rated
investment grade by a Nationally Recognized Statistical
Organization (NRSRO). The municipal bond mutual fund returned
20.26% in the last one year period.
The municipal bond mutual fund has a minimum initial investment
of $1,000 and an expense ratio of 0.80% compared to a category
average of 1.02%.
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.
(HYMAX): ETF Research Reports
(NHMAX): ETF Research Reports
(OPTAX): ETF Research Reports
(ORNAX): ETF Research Reports
(PIMAX): ETF Research Reports
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