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.
Invesco Municipal Trust is a closed-ended fixed income mutual fund, primarily focusing on investment grade municipal securities such as bonds, notes, commercial paper, and lease obligations. Managed by a team under Invesco Ltd., including various global Invesco entities, it aims to generate income through a fundamental, bottom-up security selection approach. Originally known as Invesco Van Kampen Municipal Trust, it was established in 1991 and is based in the United States.
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.