Dividend Vision Model Portfolios
Tax-Free Income
Federal tax-exempt municipal income for taxable accounts, with a shorter-duration allocation to limit rate sensitivity. State taxes and taxable gains may apply.
Updated Nov 6, 2026
Illustrative tax-equivalent payout: 4.98% at 32% federal
Distribution rate / (1 - federal marginal rate); assumes all payouts exempt. Not SEC yield; state taxes, taxable gains and individual circumstances excluded.
Holdings
Rates, payout schedules and scores are refreshed from our data on every site update. Open a fund for its full analysis.
Portfolio Distribution Safety Score™
Weighted by each fund's share of the projected income. No income comes from funds scoring under 60. The ring shows how the income splits across score bands.
Why these picks
- VTEB
Low-cost national investment-grade municipal core; duration and credit risk remain.
- JMUB
Active municipal selection complements the index core; monitor credit and duration.
- SUB
Short municipal bonds reduce rate sensitivity relative to an all-intermediate allocation.
Reasons written Nov 6, 2026. Scores, rates and expense ratios in them are today's, the same as the holdings table.
Frequently asked questions
What is this portfolio's Distribution Safety Score?
95 out of 100 (Safe). It averages each fund's Distribution Safety Score, weighted by its share of the portfolio's projected income. It is a rules-based estimate of how dependable the payouts are, not a guarantee.
How much income does Tax-Free Income pay?
The holdings' current distribution rates blend to about 3.4% a year at the listed weights. Distribution rates change as funds raise, cut or vary their payouts.
Is this investment advice?
No. Model portfolios are examples for research and education. They are not recommendations to buy or sell any security, and you are responsible for your own decisions.
More model portfolios
Disclaimer: Model portfolios are illustrative examples for research and education, not investment advice or a recommendation to buy or sell any security. Distribution rates and scores change. Backtests are hypothetical, assume distributions are reinvested and ignore taxes and trading costs. Investing involves risk, including loss of principal.