investing

Fidelity Intermediate Municipal Income

Reasonably priced muni bonds with stable finances draw Mark Sommer and his two comanagers.

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.

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

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