Need Almost $1100 per Month in Tax-Free Income? Invest in 8 Municipal Bond ETFs
By investing $20,000 in each of these high-yielding municipal bond ETFs, investors can generate $1,080 per month in tax-free income.
DWS Municipal Income Trust is a closed-ended mutual fund focusing on fixed income investments across the United States. It specializes in investment-grade, tax-exempt municipal securities that are not subject to federal income tax. The fund aims for securities with a minimum rating of Baa or BBB from major rating agencies. It compares its performance with the Barclays Municipal Bond Index. Established in 1988, it offers investors a way to access the municipal bond market.
By investing $20,000 in each of these high-yielding municipal bond ETFs, investors can generate $1,080 per month in tax-free income.
These eight national high-yielding municipal bond ETFs trade below net asset value, which means the price of the funds is less than the value of the bonds in the fund.
DWS Municipal Income Trust is a closed-ended mutual fund focusing on fixed income investments across the United States. It specializes in investment-grade, tax-exempt municipal securities that are not subject to federal income tax.