Usually these funds do not generate current income. These funds are considered relatively safe, which means their share price does not typically fluctuate widely. At the same time, there is less potential for significant share appreciation. Tax-Free Mutual Funds invest in municipal bonds exempt from state, local, and federal taxes. The objective is to produce regular tax-free income.
Share price is typically stable, with low to moderate risk.
Usually share price does not fluctuate at all. Today there are more than 10,000 funds, far more than the entire number of listed stocks on the New York Stock Exchange. Please read the prospectus carefully before investing or sending money.