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Mutual Funds

Fidelity Intermediate Municipal Income

Symbol: FLTMX
Expense ratio: 0.36%
800-343-3548

Fidelity Intermediate Municipal Income is a bond fund and a member of the Kiplinger 25. With a 1.3% yield, this fund won’t make you rich. But the interest is free of federal income taxes, so for a top-bracket taxpayer, the payout is equivalent to a 2.3% taxable yield. Average credit quality is a solid single-A.

See FUND TABLES: Kiplinger 25 at a Glance for the complete list of our favorite no-load mutual funds.

Visit Kiplinger's Model Portfolios for three examples of how you can put Kiplinger 25 funds to work.

And for the full collection of our Kiplinger 25 content, see KIPLINGER 25: A Guide to Our Favorite No-Load Funds.