Series 52: 1.6. Municipal Fund Securities

Taken from our Series 52 Online Guide

1.6. Municipal Fund Securities

A municipal fund security is a fund of securities that is issued by a state or municipality. Investments in a municipal fund security may consist of a wide variety of securities, including corporate stocks and bonds and government securities of every stripe. It is not to be confused with a municipal bond fund, which is a mutual fund consisting of municipal bonds. A municipal

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