The investment case for municipal bonds extends beyond getting federal tax-free income. As mentioned, strong credit fundamentals coupled with attractive yields further support the case for munis exposure. Another component is paramount in an asset class as large and fragmented as municipals: active management. The municipal bond space presents its own unique set of risks and nuances, best navigated by those experienced in this particular corner of the bond market. This is where a fund like MFSM is ideal. Th ...