Top 10 Tax Free Mutual Funds
1. JP Morgan Intermediate Tax Free Bond Fund A, JITAX- JP Morgan offers some of the best tax free mutual funds possible for many investors. Over five billion in assets and a yield of more than two percent, this fund also offers tax benefits for a lot of people.
2. T. Rowe Price California Tax-Free Bond Fund, PRXCX- A four star Morningstar rating and a decent return make this one of the top diversified mutual funds if you are looking for tax advantages.
3. Franklin Double Tax-Free Income A, FPRTX- This is a load fund that hold assets worth over six hundred million dollars, and offers federal tax exemptions on the returns that this investment offers.
4. Ivy Municipal High Income I, WYMHX- Morningstar rates this as one of the best tax free mutual funds. There is no minimum amount required to invest, and this fund has the highest possible rating at five stars.
5. MainStay Tax-Free Bond A, MTBAX- Tax advantages and a yield of more than four percent set this apart as one of the best bond index funds for investors to consider.
6. Dreyfus NY AMT-Free Muni Bond I, DNYIX- A one thousand dollar minimum investment, four star rating, and a fund goal of iincreased income while minimizing any taxes owed make this one of the top ten.
7. Vanguard High-Yield Tax-Exempt Fund Investor Shares, VWAHX- Vanguard offers one of the best tax free mutual funds according to the investment experts. Morningstar has given the fund four stars, and it offers a higher yield in exchange for a little more risk.
8. Calvert Tax-Free Bond Fund, CTTLX- This fund is one of the tax free socially responsible mutual funds. Only investments considered socially responsible are included in this fund portfolio.
9. Alliance Bernstein Intermediate California Municipal A Fund, AICAX- This is one of the tax free mutual funds that specializes in short and intermediate municipals from California, and there are a number of tax advantages for state residents.
10. Fidelity Tax-Free Bond Fund, FTABX- This is one of the true no load mutual funds, and makes the top ten list for more than one reason. A four star Morningstar rating and a steady return has made this a top choice for some investors.