A Muni Fund That Pays More
USAA Tax Exempt Intermediate-Term takes on a little more risk to pick up extra yield.
It’s been a feeble year for municipal bond funds. But if you’re looking for decent yield and you’re in a high tax bracket, muni bonds, which pay interest that is generally free of federal income taxes, still make sense. A fund worth looking at is USAA Tax Exempt Intermediate-Term (symbol USATX).
* Annualized for five years. @ Rankings exclude share classes of this fund with different fee structures or higher minimum initial investments. S Front-end load; redemption fee may apply. Data copyright 2014 Morningstar Inc.