Municipal bond closed end funds.

Partner with a leader. Eaton Vance has been managing closed-end funds (CEFs) for over 20 years, dating back to 1998. Today, the firm manages approximately $16.7 billion in CEF assets.*. These funds offer income solutions from a wide range of strategies across major asset classes.The Fund seeks total return through income exempt from regular federal income taxes and capital appreciation. The Fund invests primarily in municipal securities, the income on which is exempt from regular U.S. federal income tax. 1 The Fund may invest in municipal securities of any maturity and credit quality, without limit in below investment ...The Fund will primarily invest in municipal securities with long-term maturities in order to maintain a weighted average maturity of at least 15 years, but the average weighted maturity of obligations held by the Fund may be shortened, depending on market conditions. ... Closed-end fund historical distribution sources have included net ...Nuveen is the #1 closed-end fund provider by AUM.*. Closed-end funds may offer the potential for higher regular income than other types of investment products because of their distinct structure and ability to use leverage.**. Fund attributes key: L = Leveraged NL = Non leveraged. IO = Income only M = Managed distributions V = Level Distribution.Partner with a leader. Eaton Vance has been managing closed-end funds (CEFs) for over 20 years, dating back to 1998. Today, the firm manages approximately $16.7 billion in CEF assets.*. These funds offer income solutions from a wide range of strategies across major asset classes.

Understanding leverage in closed-end funds. Download. Most closed-end funds use leverage in an effort to enhance the fund’s return, income or both. On the following pages we provide an overview of how leverage works, strategies used to create leverage and their inherent costs, as well as the potential benefits and risks that leverage entails.There are two main types of closed-end funds—equity and bond. Of the total $241 billion invested in closed-end funds at the end of 2010, $101 billion was invested in equity funds and $140 billion in bond funds. Bond closed-end funds accounted for more than half of all closed-end fund assets at year-end 2010. Bond funds were the

BlackRock Municipal Closed-End Funds Repurchased Over $160 Million of Shares in 2023 ... BlackRock Virginia Municipal Bond Trust. BHV 15,392 $157,923 $25,966 -14.2%The Fund invests in municipal securities that are exempt from federal and Virginia state income taxes. The Fund invests at least 80% of its managed assets in securities rated, at the time of investment, investment grade or, if they are unrated, are judged by the manager to be of comparable quality. The Fund may invest up to 20% of its managed ...

Closed-End Fund: A closed-end fund is organized as a publicly traded investment company by the Securities and Exchange Commission (SEC). Like a mutual fund, a closed-end fund is a pooled ...Municipal bonds. Municipal bonds are debt obligations issued by states, cities, counties, and other governmental entities to raise funds to pay for public projects. Interest is usually paid semiannually and maturities can vary from short term to thirty years or more. Most municipal bonds are issued and traded in $5,000 denominations. NEW YORK, November 29, 2023--BNY Mellon Investment Adviser, Inc. announced today that BNY Mellon Municipal Income, Inc., BNY Mellon Strategic Municipal Bond Fund, …5.54. -0.03. -0.54%. NEW YORK, December 29, 2022--BNY Mellon Investment Adviser, Inc. announced today that BNY Mellon Municipal Income, Inc., BNY Mellon Strategic Municipal Bond Fund, Inc. and BNY ...At a time when bond yields have risen, many municipal bond closed-end funds (CEFs) are doing the opposite of what their shareholders would expect. These funds are cutting their distributions. Bloomberg says that PIMCO recently cut distributions on 17 muni CEFs. The monthly payout on the PIMCO California Municipal Income fund …

With a current share price of $11.95 and a NAV price of $13.29, this fund gives investors a chance to scoop up shares at a 10.08% discount. This fund was definitely not immune to the pressures of ...

Unlevered municipal bond closed-end funds traded at a discount to their net asset value of as much 12.6%, according to data compiled by Bloomberg. The …

MFS Municipal Income Trust - Get Free Report is a third closed-end muni bond fund that Robinson is positive on. The fund returned 3.4% since the start of the year through Oct. 31. The discount on ...A bond fund—whether it is a mutual fund, an exchange-traded fund (ETF) or a closed-end fund (CEF)—is a managed portfolio of bonds. A fund’s manager invests in a number of bonds meeting the criteria specified by the fund’s objective. ... Nine municipal bond funds are offered, with maturity dates ranging from 2020 through 2028, excluding ...Understanding leverage in closed-end funds. Download. Most closed-end funds use leverage in an effort to enhance the fund’s return, income or both. On the following pages we provide an overview of how leverage works, strategies used to create leverage and their inherent costs, as well as the potential benefits and risks that leverage entails.Nuveen Quality Municipal Income Fund NAD - 8.00: Nuveen Municipal Credit Income Fund NZF - 7.43: Nuveen Municipal Value Fund Inc. NUV - 5.42: BlackRock Municipal 2030 Target Term Trust BTT - 4.81 ... When combining muni bonds with a closed-end fund, we often take the risk up due to adding generous portions of leverage. Additionally, the closed-end fund wrapper also subjects investors to ...EIM Municipal Bond Fund; EOT National Municipal Opportunities Trust; ETV Tax-Managed Buy-Write Opportunities Fund; ... Download Eaton Vance Municipal Closed-End Funds Announce Results and Adjournment of Special Shareholder Meetings Relating to Mergers - Last updated: Dec 21, 2018.The following information applies to closed-end funds in general: Fund shares are not guaranteed or endorsed by any bank or other insured depository institution, and are not federally insured by the Federal Deposit Insurance Corporation. Shares of closed-end funds are subject to investment risks, including the possible loss of principal invested.

Interest-rate risk refers to fluctuations in the value of a fixed-income security resulting from changes in the general level of interest rates. In a declining interest-rate environment, the portfolio may generate less income. In a rising interest-rate environment, bond prices fall. Should the funds employ leverage, the portfolios may ...Jul 1, 2022 · If munis are yielding 3%, and if your state tax bracket is 8%, then all you can save by going double-tax-free is 0.24%. Therefore, the most you should be willing to pay for a single-state fund is ... The Source for CEF Investors. CEFConnect provides unbiased, straightforward, and comprehensive closed-end fund information. Our portfolio tools give you the latest closed-end fund data at your fingertips, so you can screen, sort and track funds, set automated alerts, read news updates, and more. All at no cost.Sep 30, 2023 · One muni closed-end fund that is worth a closer look by investors is the BlackRock Municipal 2030 Target Term Trust (BTT), trading around $19.30 with a 13% discount to net asset value. Our results are similar for equity, taxable bond and municipal bond closed-end funds. ... Average percent short volume, premium, and cumulative returns for closed-end fund IPOs. This chart presents the average percent short volume, premium as a percentage of NAV, and cumulative shareholder return for 75 closed-end fund IPOs …

The Fund invests in municipal securities that are exempt from federal and California state income taxes. The Fund invests at least 80% of its managed assets in securities rated, at the time of investment, investment grade or, if they are unrated, are judged by the manager to be of comparable quality. The Fund may invest up to 20% of its managed ...Oct 23, 2023 · Nuveen and the closed-end funds managed by Nuveen and its affiliates undertake no responsibility to update publicly or revise any forward-looking statement. EPS-3178483CR-E1023W. Financial ...

Nuveen is a leading sponsor of closed-end funds (CEFs) with $53 billion of assets under management across 51 CEFs as of 30 Jun 2023. The funds offer exposure to a broad range of asset classes and ...Unfortunately, even some of the strongest relationships and marriages have ended due to quarantines, finances and other stresses brought on by living in today’s world. Due to real trouble in paradise, many couples are exploring counseling o...Nov 29, 2023 · The rate shown is based on a federal tax rate of 40.80% (Federal tax of 37.00% and Medicare Tax Rate of 3.80%) and a California State tax rate of 13.30%, for a combined rate of 54.10% for single/ married payers with more than $415,051/ $466,951 in taxable income, after taking into consideration the deductibility of California State taxes for ... Mutual Funds can be categorized as either open-end funds, which are more common, and closed-end funds, which are a little more complex. A closed-end fund ...Literature. BlackRock Taxable Municipal Bond Trust ("BBN" or the "Trust") investment objective is to seek high current income, with a secondary objective of capital appreciation. Under normal market conditions, the Trust invests at least 80% of its managed assets in taxable municipal securities, which include Build America Bonds.Closed-end funds may trade at a premium to NAV but often trade at a discount. Shares of closed-end funds (CEF) are sold in the open market through a stock exchange. Shares may only be purchased or sold through registered broker/dealers. Closed-end funds, unlike open-end funds, are typically not continuously offered.List of Investment Grade Municipal Bond Closed-end Funds (CEFs) These are 89 closed-end funds that focus on investment grade, non-taxable municipal bonds. We are comparing returns to MUB, the iShares National Muni Bond ETF, because it is the oldest ETF that tracks a broad market municipal bond index. You might want to browse these CEFs .The answer isn't an easy yes or no. It's a decided maybe, but there are some things to think about that will help you make the decision. Buy it where you got it. First and foremost, if the assets ...Jan 31, 2023 · Learn more about TEAF at the Ecofin provider site. The 6 Safest Vanguard Funds to Own in a Bear Market. Market value: $479.4 million Distribution rate: 7.1% Discount to NAV:-13.7% Expenses: 3.07% ...

Eaton Vance offers a wide range of closed-end funds (CEFs) for advanced investors. CEFs can play a key role in a balanced portfolio, providing potential for enhanced income and capital appreciation. Prices as of Nov 22, 2023, Performance as of Nov 22, 2023 and Distribution Rates as of Nov 22, 2023, unless otherwise indicated. 1 Distribution ...

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Municipal bond CEFs, having enjoyed nearly two years of appreciation following the late 2010 muni panic, suffered a dramatic decline in mid 2013 following an increase in the 10- and 20-year ...The market price is the price at which a fund’s shares are traded on an exchange. Because a closed-end exchange-traded fund’s shares trade in the stock market based on investor demand, the fund may trade at a price higher or lower than its NAV. A Word About Risk: An investment in the Fund is subject to investment risk, including the ...Seven closed-end funds with big dividends: AllianzGI Equity & Convertible Income Fund (NIE) Nuveen AMT-Free Municipal Credit Income Fund (NVG) Cornerstone Total Return Fund (CRF) Cornerstone ...Closed: Vanguard NY Long-Term Tax-Exempt Inv: VNYTX: Muni New York Long: 4.10 Bil: 3.15%: 31: 12: 27: ... Muni National Intermediate-Term Bond Funds ; Muni National Long-Term Bond Funds ... List of Closed-End Funds. There are currently 466 closed-end funds or CEFs traded on U.S. stock exchanges. Investment fund types | What is a closed-end fund? | Closed-end fund screener | Closed-end fund training class | Browse closed-end fundsBlackRock Municipal Closed-End Funds Repurchased Over $160 Million of Shares in 2023 ... BlackRock Virginia Municipal Bond Trust. BHV 15,392 $157,923 $25,966 -14.2%Nov 6, 2023 · Partner with a leader. Eaton Vance has been managing closed-end funds (CEFs) for over 20 years, dating back to 1998. Today, the firm manages approximately $16.7 billion in CEF assets.*. These funds offer income solutions from a wide range of strategies across major asset classes. May 16, 2023 · The discount is now at some of the widest levels in nearly two decades. According to data provided by Matisse Capital, the average muni CEF is trading at an 11% discount to its NAV. This compares to the long-term average of 4% and the 1.5% discount on the funds at the beginning of 2022. If you like muni bonds, you should love muni-bond CEFs. Muni CEFs put together portfolios of tax-free state and local bonds and add a little leverage to juice that …In the S-Network Municipal Bond Closed-End Fund Index (CEFMX), 56 out of 58 constituents use leverage, with an average leverage ratio of approximately 32%. For investors who are attracted to ...

The majority of municipal bond closed-end funds (CEF) are trading at a discount. These discounts may represent value in a world where value appears scarce. As seen in the chart below, the weighted average discount of the underlying municipal bond closed-end funds in the VanEck CEF Municipal Income ETF (XMPT) was -14.52% as of September 30, 2023.The Best Municipal-Bond Funds. Here are the highest-rated mutual funds and ETFs across a series of Morningstar’s municipal bond fund categories. Investors rely on bonds for many reasons: funding ...Jul 23, 2023 · Let’s start with a good tax-free municipal bond CEF, the Eaton Vance Municipal Income 2028 Term Trust (ETX). ETX is a special type of closed-in fund called a “term fund.”. This simply means the CEF has a shelf life, and at the end of that life it will liquidate and return its cash to shareholders. Instagram:https://instagram. sunrun californiagerber grow up plan reviewsleasewave softwarevision insurance arkansas The Fund seeks to provide current income exempt from regular federal, and New York State and New York City income tax and to enhance portfolio value. The Fund invests in municipal securities that are exempt from federal, New York state, and New York City income taxes. The Fund invests at least 80% of its managed assets in securities rated, at ...The fund seeks a high level of current income exempt from federal income tax, consistent with the preservation of capital. It invests in a portfolio of investment-grade and some below-investment-grade municipal bonds. The fund uses leverage by issuing preferred shares to enhance returns, which involves risk and may increase the volatility of ... what is vti stockfihbx MFS manages the following closed-end funds. A closed-end fund is an investment company with fixed number of shares. Shares of closed-end funds are only available for purchase/sale on the New York Stock Exchange, with the exception of the MFS California Insured Municipal Fund which is available for purchase only on the American Stock … stock drop today Closed-end funds are publicly listed, and their shares can trade at less than the value of the assets they hold. Those discounts are outsize now: municipal bond closed-end funds, for example, were ...Municipal closed-end funds (“CEFs”) primarily invest in investment grade municipal bonds with longer maturities to maximize tax-exempt income. ... S&P Municipal Bond Index: The S&P Municipal Bond Index is a broad, market value-weighted index that seeks to measure the performance of the U.S. municipal bond market.Pennsylvania Municipal Bond Fund: 1 Year 44/50; 3 Year 23/49; 5 Year 29/46; 10 Year 16/39. New Jersey Municipal Bond Fund: 1 Year 8/49; 3 Year 15/49; 5 Year 14/46; 10 Year 5/38. Ratings based on risk-adjusted total return, determined monthly and subject to change. Source: Morningstar as of 3/31/2023.