By Eric Rosenberg, WCI Contributor

By Dr. Jim Dahle, WCI Founder

Municipal bonds, or muni bonds, offer a unique method of investing with a considerable tax benefit. Income earned from municipal bonds is typically tax-free on your federal income tax return, giving you an instant boost compared to federal bonds, corporate bonds, and other investments. If you’re looking for a broad fund focused on municipal bonds, you may have come across VWIUX and FMBIX—municipal bond funds from Vanguard and Fidelity, respectively.

However, the two funds are very different, with different minimum investments and expense ratios. Here’s a closer look at VWIUX vs. FMBIX to help you understand which may be better for your investment goals.

What Is a Municipal Bond Fund?

As the name implies, a municipal bond fund is a mutual fund or Exchange Traded Fund (ETF) focused on municipal bond investments. Just like direct municipal bond investments,

Keep reading this article on The White Coat Investor.

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