NEW YORK ( TheStreet) -- Some states and towns are struggling financially, but their problems aren't so catastrophic that they will cause a wave of bond defaults, says John Boritzke, manager of the Marshall Intermediate Tax-Free Bond Fund (MITFX).The $416 million mutual fund, which gets a full five stars from research firm Morningstar (MORN), has returned 1.7% over the past year, better than 89% of its peers. Over the past five years, the fund has returned an average of 4.5% annually, outperforming 99% of its Morningstar rivals.
No Muni Crisis Coming, Fund Manager Says
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