The mutual fund arm of U.S. Bancorp of Minneapolis is offering three tax-free bond funds - for Arizona, California, and Colorado - and a corporate bond fund.The tax-free state funds were designed to provide current income that is exempt from federal and state income taxes. The funds will invest primarily in high-quality municipal bonds issued by the states or by local and regional governments in those states.

The corporate bond fund will invest in investment-grade bonds with an average portfolio quality of BBB. The fund's objective is to produce high current income with minimum risk.

Subscribe Now

Access to authoritative analysis and perspective and our data-driven report series.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.