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Municipal bonds are tax-free at the federal level and often the state and local level for in-state residents. When you consider that federal and state tax rates tend to rise, this tax-advantaged benefit can make municipal bonds attractive to investors in various tax brackets.
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Maryland, New York, Pennsylvania and Virginia state bonds are 30 times less likely to default than a AAA-rated corporate bond due to their high quality credit characteristics1.
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MTB Municipal Bond Funds distribute tax-free income monthly instead of through semi-annual coupon payments.
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Mutual fund investing provides investors with the advantage of professional money management and cost-effective diversification. As a result of its larger size and institutional status, mutual fund managers can also often purchase these investments at more attractive prices than those available to individual investors.
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| 1 Kiplinger's, May 2008. |
MTB Municipal Bond Funds. Contact Us Today to Learn More.
Call your MTB Funds Wholesaler at 1-866-275-6325 for more information on the MTB Municipal Bond Funds.
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