Best Muni Bond CEF Funds
Investing in municipal bond closed end funds is popular among investors and tax free high yield income seekers. In 2013, any bond funds have returned either a little return or a big negative return. This post will look into the best performing funds. You may find various different type of municipal bond closed end funds including diversified national muni bond fund, California muni bond fund, high yield bond fund, etc.Will these top funds stay on top in 2014? Find the fund review below. Whether you are investing for your brokerage fund or retirement fund, you need to be sure you are making the right choice. You may find the fund yield, performance return, expense ratio, total assets, and rating.
Top performing municipal bond closed end funds 2013 are:
- BlackRock CA Muni 2018 Term
- BlackRock FL Municipal 2020
- BlackRock Muni 2018 Term Trust
- BlackRock Municipal 2020
- Nuveen CA Muni Value
- BlackRock NY Muni 2018 Term
- Nuveen Select Maturities Muni
- Western Asset Muni Defined Opp
- Neuberger Berman CA Inter Muni
- BlackRock Investment Quality Muni
BlackRock CA Muni 2018 Term Fund (BJZ)
This BlackRock fund utilizes its assets to purchase undervalued investment grade California municipal bonds. With total net assets of $140 million, it has a high yield of 3.85%. This BlackRock CA Muni 2018 Term Fund has a low expense ratio of 0.90% per year. This tax free muni bond CEF fund is trading 3.97% premium to its NAV (net asset value).Morningstar hasn’t ranked this municipal bond fund. This best performing muni bond CEF has returned 6.36% over the past 3 year, and 13.65% over the past 5 year. In 2013, the year to date return is 2.59%. Top 3 bond sectors are tax-backed debt, utility debt, and transportation debt.
BlackRock Muni 2018 Term Trust Fund (BPK)
This BlackRock Muni 2018 Term Trust Fund is also not being ranked by Morningstar yet. The total net assets are $255 million. The total leverage ratio is 26.53%. This top performing muni bond CEF fund has a taxable equivalent yield of 7.00%. The average coupon is 4.99%. In 2013, it managed to return 1.73%.As of December 2013, the top 2 sectors are taxed backed debt and corporate backed muni. The top 3 holdings are Centerline Equity Issuer Trust, 6.80% 6.80 31 Oct 2052, Railsplitter Tobacco Settlement Authority 6.00 01 Jun 2028, and County Of Lowndes Mississippi, Refunding 6.80 01 Apr 2022. The top 3 municipal states are Texas, New Jersey, and Illinois.
Nuveen Select Maturities Muni Fund (NIM)
Nuveen Select Maturities Muni Fund uses its assets to buy municipal debts. Its objective is to provide income exempt from regular federal income tax. With assets of $126 million, its annual expense ratio of 0.55%. In 2103, its YTD return of -2.54%. The past 3 years, the fund performance is as follows:- Year 2012: 0.77%
- Year 2011: 11.74%
- Year 2010: 0.24%
Fund Performance
| No | Fund Name | Ticker | Type | Yield | Premium / Discount | YTD Return | |
|---|---|---|---|---|---|---|---|
| 1 | BlackRock CA Muni 2018 Term | BJZ | California Muni Bond | $15.37 | 3.85% | 3.97% | 2.59% |
| 2 | BlackRock FL Municipal 2020 | BFO | Florida Muni Bond | $15.20 | 3.97% | -0.13% | 1.87% |
| 3 | BlackRock Muni 2018 Term Trust | BPK | National Muni Bond | $15.57 | 4.55% | 3.28% | 1.73% |
| 4 | BlackRock Municipal 2020 | BKK | National Muni Bond | $15.89 | 4.67% | 0.63% | 1.20% |
| 5 | Nuveen CA Muni Value | NCA | California Muni Bond | $9.68 | 4.99% | -3.10% | -1.81% |
| 6 | BlackRock NY Muni 2018 Term | BLH | New York Muni Bond | $15.05 | 3.58% | 0.86% | -1.86% |
| 7 | Nuveen Select Maturities Muni | NIM | National Muni Bond | $10.20 | 3.50% | -4.12% | -2.54% |
| 8 | Western Asset Muni Defined Opp | MTT | National Muni Bond | $21.69 | 4.77% | -2.58% | -4.09% |
| 9 | Neuberger Berman CA Inter Muni | NBW | California Muni Bond | $14.31 | 5.81% | -1.89% | -4.73% |
| 10 | BlackRock Invst. Quality Muni | BKN | National Muni Bond | $13.99 | 6.59% | 4.15% | -4.75% |
| 11 | Neuberger Berman Inter Muni | NBH | National Muni Bond | $14.36 | 5.76% | 1.60% | -5.00% |
| 12 | PIMCO CA Municipal Income II | PCK | California Muni Bond | $7.59 | 8.11% | 21.87% | -5.49% |
| 13 | Pioneer Municipal High Income | MHI | High Yield Muni | $12.71 | 8.30% | 8.03% | -5.73% |
| 14 | MFS High Yield Municipal Trust | CMU | High Yield Muni | $4.43 | 6.99% | -3.16% | -5.80% |
| 15 | Nuveen CA Select Tax-Free | NXC | California Muni Bond | $14.30 | 5.10% | -6.29% | -5.86% |
| 16 | Nuveen CA Municipal Value 2 | NCB | California Muni Bond | $16.06 | 5.35% | -9.22% | -5.88% |
| 17 | Nuveen Municipal Value | NUV | National Muni Bond | $9.46 | 4.84% | -3.07% | -6.22% |
| 18 | Nuveen Select TaxFree Income 3 | NXR | National Muni Bond | $13.78 | 4.85% | -5.73% | -6.89% |
No comments:
Post a Comment