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Mutual Funds

Fidelity Intermediate Municipal Income

Symbol: FLTMX
Expense Ratio: 0.36%

Fidelity Intermediate Municipal Income is a bond fund that pays tax-free interest income.

Reasonably priced muni bonds with stable finances draw Mark Sommer and his two comanagers. The trio monitor safety with a proprietary tool that analyzes risk in the portfolio. Its 2.1% yield translates to a 3.6% yield for investors in the highest tax bracket.

See 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.