Webinar Replay

Currently, average returns for muni funds in some states can differ by as much as a full point, which over time can add up to a tidy sum.

Many investors look at municipal bonds and make the same mistake: They think they’re all the same—an investment option with tax-exempt income features, almost zero risk and the same low yield.

Investors might be surprised to learn there can be large differences in munis, both in their coupon rates and in the returns of the mutual funds that invest in them.