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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 ...A Municipal Bond is a debt instrument issued by municipal corporations or associated bodies in India. The funds raised through these bonds are utilized by the local government bodies to finance ...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 …Oct 31, 2023 · Avg. annual total returns (%) as of 10/31/2023. Since Incept.*. YTD. 1 Yr. 3 Yr. 5 Yr. 10 Yr. * Returns are cumulative for funds with less than one year of performance. Performance data quoted represents past performance, which is no guarantee of future results, and current performance may be lower or higher than the figures shown. Individual investors. 800.257.8787. You are on the site for: Financial Professionals and Individual Investors Institutional Investors or Global Investors. The California Quality Municipal Income Fund invests in municipal securities that are exempt from federal and California state income taxes. 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 may invest in inverse floating rate municipal securities, also known as tender option bonds. The Fund's use of tender option bonds to more efficiently implement its investment strategy may create up to 10% effective leverage. Important fund notice. Effective 13 Oct 2023, Stephen J. Candido was added as a portfolio manager of the Fund.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 ... 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 Invesco Taxable Municipal Bond ETF (Fund) is based on the ICE BofAML US Taxable Municipal Securities Plus Index (Index). The Fund will normally invest at least 80% of its total assets in the securities that comprise the Index. The Index is designed to track the performance of US dollar-denominated taxable municipal debt …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 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 Vectors CEF Municipal Income ETF (XMPT) was -7.08% as of March 31, …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 ...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.Investors in closed-end funds are feeling a painful consequence of the historic market slump: cuts to their monthly payouts. A Pacific Investment Management Co. California municipal-bond fund ...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.John Cole Scott, chief investment officer of Closed-End Fund Advisors, recommends NUVEEN QUALITY MUNICIPAL INCOME (NAD, $12, 4.1%), which trades at a 13% discount to NAV (that is, 87 cents for a ...Almost all of the closed-end muni funds have expense ratios above 0.4%. To evaluate the closed-ends I took into account dividends, discounts and expense ratios. I also credited the leveraged funds ...Let'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 ...U.S. closed-end funds held $252 billion in assets at the end of 2022 compared with $28.6 trillion in open-end funds, according to the Investment Company Institute.If you’re diving into the world of investments, learn all you can about high-yield income funds. Choosing bond funds is not a difficult process, once you map out your goals and pinpoint your tolerance for risk. Above all, a diversified port...Seeking Alpha opinion and analysis on closed-end fund investing. Click to read our extensive content on closed-end funds to better your investing.Like Closed-End Muni Funds? Early January CouClosed-end fund data and statistics. Every weekend you g Meanwhile, unleveraged muni bond funds have had much smaller drops in trading price relative to NAV. Yet all bond funds are subject to dividend cuts when interest rates drop, not only leveraged ones. Nuveen and the closed-end funds managed by Nuveen and its affiliat Expenses: 2.61%. If you're looking for more yield than SBI, you can consider the Pioneer Municipal High Income Advantage Trust ( MAV, $10.56) – another broad-based municipal bond fund whose 4.8% ...Almost all of the closed-end muni funds have expense ratios above 0.4%. To evaluate the closed-ends I took into account dividends, discounts and expense ratios. I also credited the leveraged funds ... Municipal bond funds can be open-end or closed-

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.Susan Dziubinski Jun 17, 2021 Share Investors rely on bonds for many reasons: funding short-term goals, diversifying an equity-heavy portfolio, or generating income during retirement, to name a...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 ...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 …Oct 11, 2023 · 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 Bonds If you are looking for completely tax-free income, check out the X-Square Municipal Income Tax-Free ETF. Analysts are often reluctant to update forecasts, or just don't bother to update them, so they have a built-in 'lag' ef...Tue 26 Sep, 2023 - 4:29 PM ET. Fitch Ratings - New York - 26 Sep 2023: Fitch Ratings has affirmed the Long-Term ratings assigned to the variable-rate demand preferred shares (VRDP shares) issued by Western Asset Intermediate Muni Fund Inc. (NYSE: SBI), Western Asset Managed Municipals Fund Inc. (NYSE: MMU) and Western Asset ……

Reader Q&A - also see RECOMMENDED ARTICLES & FAQs. Nuveen is the #1 closed-end fund provider by AUM.*. Closed-end fund. Possible cause: Investors discouraged by a bond market where yields are savaged by inflation may find re.