Closed end municipal bond funds.

Updated Sept 30, 2023, 10:04 am EDT / Original Sept 30, 2023, 2:00 am EDT. Closed-end municipal bond funds have been hammered during the recent selloff in fixed-income markets and now trade at the ...Dec 1, 2023 · At the end of October, closed-end fund discounts were about as big as they had ever been, especially in municipal bond funds, which reached an average 14.5% discount and are still at around 12%. MUB, for its part, yields 2.2%, which is more than the typical S&P 500 stock, sure. But if we buy our munis through a closed-end fund (CEF) instead, we can get yields that triple that 2.2%: the ...Title: 10-2023-Muni-Blue-List.xlsx Author: Ilodibe, Idinma Created Date: 11/21/2023 9:31:38 AM

You can redeem a municipal bond at your local bank after it matures, or sell it early it on a secondary market. In exchange for purchasing a municipal bond, the municipality promises to pay you a predetermined amount once the bond matures. ...

Closed-end funds may be leveraged and carry various risks depending upon the underlying assets owned by a fund. Investment policies, management fees and other matters of interest to prospective investors may be found in each closed-end fund annual and semi-annual report. For additional information, please contact your investment professional.

Mar 19, 2021 · Here are nine muni bond funds to buy and hold: Vanguard Tax-Exempt Bond ETF ( VTEB) Baird Short-Term Municipal Bond Fund ( BTMIX) PIMCO National Municipal Intermediate Value Fund ( GNMVX) Northern Intermediate Tax-Exempt Fund ( NOITX) Nuveen Dynamic Municipal Opportunities Fund ( NDMO) VanEck ... 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 ...Monthly tax-exempt income: Offers monthly income exempt from federal income taxes. Capital preservation potential: A focus on high-quality, investment-grade municipal securities may help reduce risk throughout market cycles. Time-tested strategy: Our first closed-end fund offering, NUV has a 30-plus-year history of building income for investors ...For example, muni bonds are extremely illiquid with some individual bonds trading less than monthly. In the last week, a record amount of money has been pulled from bond funds. $109B came out ...Morningstar Category Muni New Jersey. Lipper Classification NJ Muni Debt Funds. Benchmark Index BBG Municipal Bond Index Unadjusted (Risk Basis: MUNI) CUSIP 09253A847. Distribution Frequency Monthly. Number of Holdings as of Oct 31, 2023 176. Max Offer Price as of Nov 24, 2023 $10.05.

The Fund's objective is a high level of current income exempt from federal income tax. The Fund invests in municipal securities that are exempt from federal income taxes. The Fund may invest up to 75% of its managed assets in municipal securities rated, at the time of investment, Baa/BBB or lower by at least one nationally recognized ...

For example, muni bonds are extremely illiquid with some individual bonds trading less than monthly. In the last week, a record amount of money has been pulled from bond funds. $109B came out ...

At the end of October, closed-end fund discounts were about as big as they had ever been, especially in municipal bond funds, which reached an average 14.5% discount and are still at around 12%.Dec 1, 2023 4:30pm EST. NEW YORK, Dec. 01, 2023 (GLOBE NEWSWIRE) -- Guggenheim Investments today announced that certain closed-end funds have …Municipal bond closed-end funds were among the first, and since have been joined by funds focused on Corporate Bonds, U.S. Government Bonds, Agency Securities, High-Yield and Emerging Market Debt among others. Equity-based CEFs might focus on a particular capitalization category, investment style, dividend-paying companies or foreign …Oct 9, 2023 · Data as of Sept. 30, 2023. For example, if you’re in the 32% tax bracket and own a municipal-bond fund with a nominal yield of 3.27%, you’d have to earn more than a 4.81% yield, or 3.27 ... 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.

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 municipal …2 thg 11, 2023 ... The writers of muni bonds are not interest rate sensitive. (Taxpayers, cover your ears!) Which means muni funds are the place to be right now.Here are two New York State municipal bond Closed-end funds that look fairly attractive now to add to a watch list: Nuveen New York Investment Quality Municipal Fund (NQN) Market Cap: $261 millionLet's start with a look at current distributions for the universe of national muni-bond CEFs. Distribution rates range from a low of 3.24% to a high of 7.38% (median = 6.18%). The full range for ...For National Municipal Funds, Taxable-Equivalent Distribution Rate at NAV and Market Price is calculated using a 40.8% tax rate (equals maximum individual federal tax rate adjusted for the Medicare surtax). For Single-State Municipal Funds, Taxable-Equivalent Distribution Rates also reflect maximum effective individual state income tax rates.BlackRock Announces Board Approval of Municipal Closed-End Fund Reorganization. September 27, 2021 06:00 PM Eastern Daylight Time. NEW YORK-- ...

Source: Morningstar. As of 9/30/2023. Fees for municipal bond ETFs compared against the average net expense ratio of mutual funds and closed-end funds in the Morningstar Municipal Bond U.S. Category Group. There were 83 funds in the Muni ETF Category, 1,678 funds in the Muni Mutual Fund Category, 105 funds in the Muni Closed-End Fund Category.Certain BlackRock closed-end funds (the “Funds”) announced distributions today as detailed below. Municipal Funds: Declaration- 9/1/2022 Ex-Date- 9 ... BlackRock Virginia Municipal Bond Trust ...

Municipal bond closed-end funds were among the first, and since have been joined by funds focused on Corporate Bonds, U.S. Government Bonds, Agency Securities, High-Yield and Emerging Market Debt among others. Equity-based CEFs might focus on a particular capitalization category, investment style, dividend-paying companies or foreign …Data as of Sept. 30, 2023. For example, if you’re in the 32% tax bracket and own a municipal-bond fund with a nominal yield of 3.27%, you’d have to earn more than a 4.81% yield, or 3.27 ...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. 11 thg 10, 2023 ... 7 of the Best Tax-Free Municipal Bond Funds · Vanguard Tax-Exempt Bond Index Fund Admiral Shares (VTEAX) · Vanguard Short-Term Tax-Exempt Bond ETF ...The Fund invests in municipal securities that are exempt from federal and Arizona 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 ...Jan 19, 2023 · 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 (PCQ) was slashed ... The Morningstar Rating for funds, or "star rating", is calculated for managed products (including mutual funds, variable annuity and variable life subaccounts, exchange-traded funds, closed-end funds, and separate accounts) with at least a three-year history. Exchange-traded funds and open-ended mutual funds are considered a single …NEW YORK, December 29, 2022 -- ( BUSINESS WIRE )--BNY Mellon Investment Adviser, Inc. announced today that BNY Mellon Municipal Income, Inc., BNY Mellon Strategic Municipal Bond Fund, Inc. and BNY ...What is happening with municipal bond closed-end funds today? Because of an extended period of demand, valuations of municipal bond CEFs have become more …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 ...

For National Municipal Funds, Taxable-Equivalent Distribution Rate at NAV and Market Price is calculated using a 40.8% tax rate (equals maximum individual federal tax rate adjusted for the Medicare surtax). For Single-State Municipal Funds, Taxable-Equivalent Distribution Rates also reflect maximum effective individual state income tax rates.

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 ...

These three funds are: The iShares National Muni Bond ETF ( MUB ), yielding around 2.5%. The VanEck Vectors High-Yield Municipal Index ETF ( HYD ), yielding around 5.5%, and. The Invesco Trust for ...16 thg 6, 2023 ... A closed-end fund is an investment fund that has a limited number of shares to sell to investors. The number of shares is fixed at the initial ...Closed-end. Access your closed-end fund accounts on computershare.com. Select your role. Individual Investor. Individual Investor. Individual investors include, current investors; prospective investors, and plan administrators. ... S&P Municipal Bond New Jersey Total Return Index (USD) 5.59: 1.92: 4.59: 0.02: 2.64: …Munis offer attractive yields into year end. Municipals posted their third consecutive month of negative total returns amid rising interest rates. A seasonal swell in issuance was well absorbed as investors coveted high, absolute yields. It is likely prudent to begin positioning ahead of anticipated strength in December and January.California's tax-free income investing is covered by 22 closed-end funds. ... I look at municipal bond closed-end funds periodically and try to keep readers up to date on the category as changes ...The fund pursues attractive tax-efficient income by investing primarily in investment-grade muni bonds. The fund’s average portfolio duration normally varies within -2 to +4 years of the portfolio duration of the securities comprising the Bloomberg Municipal Bond Index. Targeting opportunities in a transformed municipal market.Unlevered municipal bond closed-end funds traded at a discount to their net asset value of as much as roughly 12%, according to data compiled by Bloomberg. The biggest, Nuveen LLC’s $1.9 billion ...The Robinson Tax Advantaged Income Fund accesses the municipal bond market through the medium of closed-end funds, which provide the potential to buy muni bonds at a discount to their net asset value. If you’re an advisor seeking to generate additional income for your clients, the Robinson Tax Advantaged Income Fund offers a …7 of the Best Tax-Free Municipal Bond Funds Investors in a high-income tax bracket can potentially reap big savings with these municipal bond funds. By Tony Dong | Edited by Brady Porche...Municipal bond funds can be open-end or closed-end funds, with closed-end funds trading like stocks through any brokerage account.The liquidation of the fund. So, because capital does not flow freely into and out of CEFs, they are referred to as "closed-end" funds. The "closed-end" structure gives rise to discounts and premiums. After the IPO, a CEF's shares trade on the open market, typically on an exchange, and the market itself determines the share price.

Municipal bond funds can be open-end or closed-end funds, with closed-end funds trading like stocks through any brokerage account. ... Best high-yield municipal bond fund: Nuveen High Yield ...For National Municipal Funds, Taxable-Equivalent Distribution Rate at NAV and Market Price is calculated using a 40.8% tax rate (equals maximum individual federal tax rate adjusted for the Medicare surtax). For Single-State Municipal Funds, Taxable-Equivalent Distribution Rates also reflect maximum effective individual state income tax …The Colorado Municipal Bond Fund invests primarily in investment-grade municipal bonds and is designed to provide as high a level of current interest income exempt from regular federal, state, and in some cases, local income taxes ... variable annuity and variable life subaccounts, exchange-traded funds, closed-end funds, and separate accounts ...Jan 19, 2023 · 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 (PCQ) was slashed ... Instagram:https://instagram. option trading coursejets etf dividendmj etf holdingsblumenthal nordrehaug bhowmik de blouw llp Municipal bond fund shareholders may incur a federal, state and/or local tax liability, including Alternative Minimum Tax, due to income and gains from certain fund investments. Please read the most recent shareholder report to learn more about the effect of taxes. The rate shown is based on a federal tax rate of 40.80% (Federal tax of 37.00% …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 ... cigna dental savings plan fee schedulewhere to invest dollar100 right now The good news for fixed-income investors is that the sell-off has produced some bargains, especially among closed-end muni funds, some of which got hit as hard as the tech-heavy Nasdaq Composite ...Updated Sept 30, 2023, 10:04 am EDT / Original Sept 30, 2023, 2:00 am EDT. Closed-end municipal bond funds have been hammered during the recent selloff in fixed-income markets and now trade at the ... etf vym Over the week that ended March 18, net outflows from municipal bond funds hit $12.2, billion, the largest retreat in a week since 1992, according to data from Refinitiv Lipper. Even though the Federal …end fund you can buy or sell a large amount at that day’s net asset value. Table 2. States Covered by State-Specific Closed-End Municipal Bond Funds* Arizona (3) Georgia …