Top 5 Highest Yielding Zacks #1 Ranked Municipal Bond Mutual Funds - Highest Yielding Zacks #1 Ranked Funds
April 02 2013 - 12:17PM
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
|
5.56%
|
Pima XXI SICAV
|
5.01%
|
Oppenheimer AMT-Free Municipals A
|
4.95%
|
Nuveen High Yield Municipal Bond A
|
4.92%
|
Lord Abbett High Yield Municipal Bond 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 14.15% in the last one year period.
The Fund Manager is Daniel G. Loughran and he has managed this
municipal bond mutual fund since 2001.
Pima XXI SICAV (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 16.24%
in the last one year period.
As of February 2013, this municipal bond mutual fund held 185
issues, with 3.29% of its total assets invested in Sanger Tex Indl
Dev Corp Indl Rev Bds 8%.
Oppenheimer AMT-Free Municipals A (OPTAX) seeks high
current income. The fund 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 14.01% in the last one year period.
The municipal bond mutual fund has a minimum initial investment
of $1,000 and an expense ratio of 0.77% compared to a category
average of 1.02%.
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 16.06% in the last one year
period.
The Fund Manager is John V. Miller and he has managed this
municipal bond mutual fund since 2000.
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
13.34% 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.
Get Your Free (HYMAX): Fund Analysis Report
Get Your Free (NHMAX): Fund Analysis Report
Get Your Free (OPTAX): Fund Analysis Report
Get Your Free (ORNAX): Fund Analysis Report
Get Your Free (PIMAX): Fund Analysis Report
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