Low cost US state tax free municipal bonds funds
Table of low cost tax free municipal bonds funds (except CA, MD, NY, NJ, & PA)
This piece offers a list of the lowest cost US state tax free municipal bonds mutual funds. Note that this list does not include California, Maryland, New Jersey, New York, and Pennsylvania muni bond funds, because each of those states have four or more low cost muni bond funds and are discussed in a separate article on this website.
Look to the chart below in this feature for the most economical state muni bond mutual funds. This list of the most economical fund investments in the tax free municipal bonds asset class is more likely to be stable over the years. Individual shareholders in the low expense investment company funds are more likely to be loyal to the relatively short list of mutual fund firms which provide these very economical funds.
Shareholders in very economical index mutual funds know that low fees lead to enhanced net returns as the years go by. Tax free muni bonds funds probably will not have higher than average gross portfolio returns before investing charges and taxes. These funds pursue the average tax free bond market return, and they aren’t managed to do better that the market.
Nevertheless, the lower costs of tax free muni bond funds allow individual shareholders to keep more of the market return instead of sharing market returns with the financial industry by paying non-essential investment charges. As the years go by, these individual investors tend to exceed the net returns of individual investors who pay unneeded fees to the financial services industry.
Lowest cost US state tax free municipal bonds funds
Fund Name — Expense Ratio — Ticker Symbol
Arizona state municipal bond funds
- Northern Funds Arizona Tax-Exempt Fund — 0.47% expense ratio — NOAZX
- Fidelity Arizona Municipal Income Fund — 0.55% expense ratio — FSAZX
Connecticut state muni bond fund
- Fidelity Connecticut Municipal Income Fund — 0.48% expense ratio — FICNX
Georgia state muni bond mutual fund
- T. Rowe Price Georgia Tax-Free Muni Bond Fund — 0.56% expense ratio — GTFBX
Massachusetts commonwealth muni-bond funds
- Vanguard Massachusetts Tax-Exempt Fund Investor — 0.13% expense ratio — VMATX
- Fidelity Massachusetts Municipal Income Fund — 0.45% expense ratio — FDMMX
Michigan state municipal bond fund
- Fidelity Michigan Municipal Income Fund — 0.48% expense ratio — FMHTX
Minnesota state muni-bond fund
- Fidelity Minnesota Municipal Income Fund — 0.49% expense ratio — FIMIX
Ohio state muni bond funds
- Vanguard Ohio Long-Term Tax-Exempt Fund Investor — 0.13% expense ratio — VOHIX
- Fidelity Ohio Municipal Income Fund — 0.48% expense ratio — FOHFX
Virginia commonwealth muni bond fund
- T. Rowe Price Virginia Tax-Free Municipal Bond Fund– 0.51% expense ratio — PRVAX
- Reference: lowest cost index mutual funds
- Analyze the low cost index funds prospectus summary to discern rules and fees, inclusive of acquisition, redemption, and brokerage charges that may apply. Investment funds may occasionally be shut to new investor’s money.
The figure’s first listed lowest fee bond mutual fund is the Northern Funds Arizona Tax-Exempt which includes NOAZX trading symbol. The Northern Funds Arizona Tax-Exempt comes with the lowest fee management expense ratio in this tax free muni bonds investment category.
The subsequently included low management cost tax free municipal bonds investments is the Fidelity Arizona Municipal Income Fund that is traded with the FSAZX trading ticker symbol. The Fidelity Arizona Municipal Income Fund includes a very low management expense ratio in this muni funds asset class.
The following tax free muni bond index mutual fund is the Fidelity Connecticut Municipal Income Fund, which includes the FICNX trading symbol. The Fidelity Connecticut Municipal Income Fund prospectus indicates that it also has a low expense ratio in this mutual fund grouping.
The chart’s fourth lowest cost tax free bond mutual fund is the T. Rowe Price Georgia Tax-Free Muni Bond Fund that is purchased and sold with the GTFBX trading ticker symbol. The T. Rowe Price Georgia Tax-Free Muni Bond Fund has a low portfolio management expense ratio in this muni bonds index funds grouping.
The figure’s next listed low management cost tax free municipal bonds investment is the Vanguard Massachusetts Tax-Exempt Fund Investor including the VMATX ticker symbol. The Vanguard Massachusetts Tax-Exempt Fund Investor also has a low cost portfolio management expense ratio in this muni bond classification.
The following low cost tax free muni funds investment is the Fidelity Massachusetts Municipal Income Fund with the FDMMX ticker trading symbol. The Fidelity Massachusetts Municipal Income Fund provides a low expense management expense ratio in this tax free bonds index fund category.
The next line lists the Fidelity Michigan Municipal Income Fund which is traded with the FMHTX trading ticker symbol. The Fidelity Michigan Municipal Income Fund also has a low expense ratio in this tax free municipal bonds asset class.
The table’s next lowest management expense municipal bonds index fund is the Fidelity Minnesota Municipal Income Fund including the FIMIX ticker symbol. The Fidelity Minnesota Municipal Income Fund carries the lowest Minnesota expense percentage in the state tax free municipal bonds asset class.
The table’s next low management expense muni bonds fund is the Vanguard Ohio Long-Term Tax-Exempt Fund Investor including the VOHIX ticker symbol. The Vanguard Ohio Long-Term Tax-Exempt Fund Investor carries the lowest Ohio expense percentage.
The table’s next low management expense tax free index fund is the Fidelity Ohio Municipal Income Fund including the FOHFX ticker symbol. The Fidelity Ohio Municipal Income Fund carries the second lowest expense management percentage in this Ohio tax free bonds funds group.
The table’s last low management expense municipal bonds fund is the T. Rowe Price Virginia Tax-Free Municipal Bond Fund including the PRVAX ticker symbol. The T. Rowe Price Virginia Tax-Free Municipal Bond Fund carries the lowest management expense percentage in this Virginia municipal bonds fund asset class.
