Top High Yield Muni Funds
High yield muni closed end funds use their assets to purchase lower quality rating municipal bonds. These bond funds provide tax free high yield income for investors. They usually provide the distribution yield regularly (i.e. monthly or quarterly). They have higher risk than investment grade municipal bond funds.From this best performing funds list, you may find each individual fund review. You can find the fund performance, expense ratio, and yield or dividend from the table below. The list is sorted based on its year to date performance in 2014.
Best performing high yield muni closed end funds 2014 are:
- Pioneer Muni High Income Advantage (MAV)
- Pioneer Muni High Income (MHI)
- Nuveen Muni High Income Opportunities (NMZ)
- BlackRock MuniAssets (MUA)
- Invesco Muni Income Opportunities (OIA)
- Putnam Managed Muni Income (PMM)
- Western Asset Muni High Income (MHF)
- MFS High Yield Muni (CMU)
- DWS Strategic Muni Income Trust (KSM)
- MFS High Income Muni (CXE)
- MFS Municipal Income Trust (MFM)
Pioneer Muni High Income Advantage (MAV)
Pioneer Muni High Income Advantage fund objective is to seek high current income exempt from regular Federal income tax with capital appreciation through investment in US municipal securities. Its total net assets are $342.7 million. The current share price is $14.63. It has total expense ratio of 1.22%. The portfolio manager is David Eurkus. More: Top Performing Municipal Bond Closed End Funds 2014
Morningstar analysts rank this best performing high yield muni closed end fund with 4-stars rating. This fund has a dividend yield of 7.81%. The YTD return is 16.33%. It has returned 19.71% over the past 5 year, and 7.74% over the past 10 years.
The top sectors are Health (31.5%), Transportation (15.7%) and Education (10.9%). The top holdings are Massachusetts Housing Finance Agency (2.51%) and North Texas Tollway Authority (2.42%).
Nuveen Muni High Income Opportunities (NMZ)
Ranked with 5-stars rating, this Nuveen Muni High Income Opportunities (NMZ) has total net assets of $636.7 million. This best performing high yield muni closed end fund has returned 10.55% over the past 3-year and 13.12% over the past 5-year. It has 7.17% dividend yield and is distributed on monthly basis. The objective is to provide high current income exempt from regular federal income tax. The CUSIP is 670682103.The past 4 years performance is as follow:
- Year 2014: 7.95% (YTD)
- Year 2013: -8.65%
- Year 2012: 24.61%
- Year 2011: 15.28%
- Year 2010: -1.31%
BlackRock MuniAssets (MUA)
BlackRock MuniAssets Fund is currently managed by Theodore R. Jaeckel and Walter O’Connor. The fund was first incepted in 1993. The total net assets are $477.94 million. It has total annual expense ratio of 0.81% and effective leverage of 13.31%. The distribution rate is 6.09%.More: Best Performing High Yield Municipal Bond Mutual Funds 2012
Morningstar has ranked this equity fund with 3 stars rating. The current share price is $12.30. The top sectors are Health (24.4%), Tax-Backed (16.8%), Corporate-Backed Muni (16.6%) and Transportation (15.7%). Texas (13.2%) and Florida (12.6%) are the top states.
Fund Performance
| No | Fund Name | Sponsor | 1 Year Return % | Expense Ratio | Yield |
|---|---|---|---|---|---|
| 1 | Pioneer Mu Hi Inc Advt (MAV) | Pioneer Investment Management Inc | 3.21% | 1.23% | 8.06% |
| 2 | Pioneer Muni High Income (MHI) | Pioneer Investment Management Inc | 2.09% | 1.03% | 7.92% |
| 3 | Nuveen Muni Hi Inc Opp (NMZ) | Nuveen Fund Advisors LLC | 0.95% | 1.28% | 6.99% |
| 4 | BlackRock MuniAssets (MUA) | BlackRock Inc | -2.76% | 0.83% | 6.11% |
| 5 | Invesco Muni Inc Opp (OIA) | Invesco Advisers Inc | -3.89% | 0.73% | 6.44% |
| 6 | Putnam Managed Muni Inc (PMM) | Putnam Investment Management LLC | -5.16% | 0.90% | 6.66% |
| 7 | Western Asset Mun Hi Inc (MHF) | Legg Mason Partners Fund Advisor LLC | -6.03% | 0.69% | 5.28% |
| 8 | MFS High Yld Muni (CMU) | MFS Investment Management | -6.74% | 2.02% | 6.64% |
| 9 | DWS Strat Muni Inc Tr (KSM) | DWS Investments | -7.73% | 1.69% | 7.18% |
| 10 | MFS High Inc Muni (CXE) | MFS Investment Management | -8.55% | 2.20% | 6.90% |
| 11 | MFS Municipal Income Tr (MFM) | MFS Investment Management | -9.54% | 1.73% | 6.90% |
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