HomeLatest ThreadsGreatest ThreadsForums & GroupsMy SubscriptionsMy Posts
DU Home » Latest Threads » Forums & Groups » Topics » Economy & Education » Personal Finance and Investing (Group) » If you read this group in... » Reply #7

Response to Jack Sprat (Reply #6)

Thu Dec 15, 2011, 11:07 PM

7. Well, if you are a FL resident, there's no need to restrict yourself to FL only Muni bond funds

since there is no state income tax. Muni bonds from any state provide tax free income to Florida residents.

Here's the Morningstar page on the fund you mentioned;


http://quote.morningstar.com/fund/f.aspx?t=VFLTX&region=USA&culture=en-us
Four stars. Not bad.


Look for and click on "Portfolio".

The fund is almost completely made up of bonds rated "A" or better, with almost 50% holding "AA" ratings. The majority of the bonds held (85%) have a coupon between 4 & 6%

The turnover is 22% which means the manager is replacing 22 % of the portfolio each year - selling off old and buying into new
positions.

The performance for the last 3 years has been quite good - 10.37% per year. The figures for return on this type of report are always "total return" which means all interest, dividends and capital gains, if any, are re-invested.

If one was in need of a Florida specific fund, this one is worth considering, but as I said, if you are a FL resident, it isn't necessary to hold only Fla bonds.

Time for bed.

Reply to this post

Back to OP Alert abuse Link to post in-thread

Always highlight: 10 newest replies | Replies posted after I mark a forum
Replies to this discussion thread
Arrow 16 replies Author Time Post
A HERETIC I AM Dec 2011 OP
Common Sense Party Dec 2011 #1
A HERETIC I AM Dec 2011 #2
elleng Dec 2011 #3
Jack Sprat Dec 2011 #4
A HERETIC I AM Dec 2011 #5
Jack Sprat Dec 2011 #6
LineLineLineLineNew Reply Well, if you are a FL resident, there's no need to restrict yourself to FL only Muni bond funds
A HERETIC I AM Dec 2011 #7
Jack Sprat Dec 2011 #8
A HERETIC I AM Dec 2011 #9
CountAllVotes Dec 2011 #10
A HERETIC I AM Dec 2011 #11
CountAllVotes Dec 2011 #12
Common Sense Party Dec 2011 #13
CountAllVotes Dec 2011 #14
marissa686 Mar 2013 #15
steve2470 Sep 2013 #16
Please login to view edit histories.