What is the meaning of Bond Fund (Tax-Exempt)?

Bond Fund (Tax-Exempt) is a portfolio of municipal bonds sponsored by registered investment companies that offer shares to investors either through (1) closed-end funds or unit investment trusts, which offer shares of a fixed portfolio of municipal bonds; or (2) open-end or managed funds, which offer shares in a managed portfolio of municipal bonds whose size will vary as shares are purchased or redeemed.

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APABarry Goldsmith. (2010). bond fund (tax-exempt). Retrieved September 28, 2026, from http://smartdefine.org/bond_fund_(tax-exempt)/definitions/1148803
ChicagoBarry Goldsmith. 2010. "bond fund (tax-exempt)" http://smartdefine.org/bond_fund_(tax-exempt)/definitions/1148803 (accessed September 28, 2026).
HarvardBarry Goldsmith 2010, bond fund (tax-exempt), Smart Define, viewed 28 September, 2026, <http://smartdefine.org/bond_fund_(tax-exempt)/definitions/1148803>.
MLABarry Goldsmith. "bond fund (tax-exempt)" 21 October 2010. Web. 28 September 2026. <http://smartdefine.org/bond_fund_(tax-exempt)/definitions/1148803>