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Posted by
Two Blokes May 27 -
Filed in
Stock
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BYM is designed for high-income, tax-sensitive investors seeking steady, tax-free income, not capital gains or speculative growth. The fund invests in municipal bonds, offering federal tax exemption, but carries both credit and interest rate risk, especially due to its longer-term holdings. Managed muni funds like BYM typically justify higher fees with higher yields versus index funds, but risk and concentration must be weighed.
