National Muni Fund

[TT]

I have been researching investing in Muni Funds and have narrowed it down to:

Vanguard Intermediate-Term Tax-Exempt Fund Investor Shares (VWITX)
Performance 1-3-5-10 - inception
9.06% 6.26% 5.74% 4.83% 5.85%
Return after taxes and distribution 6.08% 5.03% 5.38% 4.35%
Expense .20

T. Rowe Price Summit Municipal Inc PRINX
Performance 1-3-5-10 inception
12.98 8.22 6.76 5.74 5.68
Return after taxes and distribution 12.57 7.20 5.23 4.43
Expense .50

Which would you consider to purchase and if not either one which National Muni Fund for long term investment
Thanks

[Rainier]

You need to compare expense ratio, yield and duration.

[Sidney]

You need to compare expense ratio, yield and duration.

and quality of the holdings. Also PAB holdings.

[tigerman3]

Not a huge difference in duration. But there is in credit quality.

[Call_Me_Op]

I have been researching investing in Muni Funds and have narrowed it down to:

Vanguard Intermediate-Term Tax-Exempt Fund Investor Shares (VWITX)
Performance 1-3-5-10 - inception
9.06% 6.26% 5.74% 4.83% 5.85%
Return after taxes and distribution 6.08% 5.03% 5.38% 4.35%
Expense .20

T. Rowe Price Summit Municipal Inc PRINX
Performance 1-3-5-10 inception
12.98 8.22 6.76 5.74 5.68
Return after taxes and distribution 12.57 7.20 5.23 4.43
Expense .50

Which would you consider to purchase and if not either one which National Muni Fund for long term investment
Thanks

I am sure you are aware that the return is likely to be much lower over the next several years - closer to 1.5%.

[gerntz]

If I lived in a state income tax state, I'd want a state-speciifc fund to save those taxes also.

[midareff]

I have been researching investing in Muni Funds and have narrowed it down to:

Vanguard Intermediate-Term Tax-Exempt Fund Investor Shares (VWITX)
Performance 1-3-5-10 - inception
9.06% 6.26% 5.74% 4.83% 5.85%
Return after taxes and distribution 6.08% 5.03% 5.38% 4.35%
Expense .20

T. Rowe Price Summit Municipal Inc PRINX
Performance 1-3-5-10 inception
12.98 8.22 6.76 5.74 5.68
Return after taxes and distribution 12.57 7.20 5.23 4.43
Expense .50

Which would you consider to purchase and if not either one which National Muni Fund for long term investment
Thanks

I am sure you are aware that the return is likely to be much lower over the next several years - closer to 1.5%.

Op... wouldn't tht imply that the present monthly annualized yield of 3.0 - 3.1% would have to be changed by virtual doubling of the share price??

[Call_Me_Op]

Op... wouldn't tht imply that the present monthly annualized yield of 3.0 - 3.1% would have to be changed by virtual doubling of the share price??

Where are you getting that yield information? Vanguard specifies the yield on VWITX at about 1.5%.

[Jerilynn]

Which would you consider to purchase.
Thanks

The Vanguard one, the costs are lower and that usually results in better performance.