Top 15 Muni Closed End Funds
Municipal bond funds use its assets to purchase high quality municipal bonds. These bond funds provide tax free high yield income for investors. The yield from the funds is exempted from federal tax rate, and state income tax, etc.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 1 year total return (up to April 2015).
Best performing municipal bond closed end funds 2015 are:
- PIMCO Municipal Income Fund (PMF)
- EV Municipal Income Fund (EVN)
- BlackRock MuniAssets Fund (MUA)
- Nuveen Enhanced Muni Value Fund (NEV)
- MainStay DefinedTerm Municipal Opportunities Fund (MMD)
- BlackRock Municipal Bond Fund (BBK)
- Dreyfus Municipal Bond Infrastructure Fund (DMB)
- Western Asset Managed Muni Fund (MMU)
- Nuveen Investment Quality Muni Fund (NQM)
- Invesco Value Muni Income Fund (IIM)
- BlackRock Municipal Income Fund (BFK)
- EV Muni Income 2028 Term Trust Fund (ETX)
- BlackRock MuniYield Investment Fund (MYF)
- BlackRock MuniVest Fund II (MVT)
- BlackRock MuniHoldings Fund (MHD)
PIMCO Municipal Income Fund
This PIMCO Municipal Income fund utilizes its assets to purchase investment grade municipal bonds. The annual expense fee is 1.29%.The current high yield is 6.26%. The fund manager is Joseph Deane. The fund’s CUSIP is 72200R107. The current market price is $15.58.More: Top California Municipal Bond Closed End Funds 2014
This fund has an effective duration of 12.10 years. Morningstar has ranked this top municipal bond fund with 5 star rating. It has returned 8.31% over the past 3 year, and 10.60% over the past 5 year.
Top 4 sectors are Hospital Revenue, Industrial Development/Pollution Control, Transportation, and Tobacco. It has 176 holdings in its portfolio.
Eaton Vance Municipal Income Fund
This EV Municipal Income fund has a high yield of 6.61%. The fund’s objective is to provide current income exempt from Federal income tax. It has $434 million of assets. The current market price is trading at 3.02% premium of its NAV (Net Asset Value).More: Top Performing Municipal Bond Closed End Funds 2014
The fund’s performance is as follows:
- Year 2015: 5.12% (YTD)
- Year 2014:37.70%
- Year 2013: -17.41%
- Year 2012: 16.08%
Muni Bond Fund Performance
| No | Fund Name | Ticker | Yield | 1 Year Return % |
|---|---|---|---|---|
| 1 | PIMCO Municipal Income | PMF | 6.26% | 24.10% |
| 2 | EV Municipal Income | EVN | 6.61% | 21.11% |
| 3 | BlackRock MuniAssets Fund | MUA | 5.35% | 20.20% |
| 4 | Nuveen Enhanced Muni Value | NEV | 6.13% | 18.85% |
| 5 | Mainstay DefTerm Muni Opps | MMD | 6.21% | 18.79% |
| 6 | BlackRock Municipal Bond | BBK | 5.92% | 18.39% |
| 7 | Dreyfus Muni Bond Infrastructu | DMB | 5.96% | 18.18% |
| 8 | Western Asset Managed Muni | MMU | 5.54% | 17.41% |
| 9 | Nuveen Investment Quality Muni | NQM | 6.27% | 17.34% |
| 10 | Invesco Value Muni Income | IIM | 5.17% | 17.31% |
| 11 | BlackRock Municipal Income | BFK | 6.20% | 17.13% |
| 12 | EV Muni Income 2028 Term Trust | ETX | 4.75% | 16.72% |
| 13 | BlackRock MuniYield Inv Fund | MYF | 6.21% | 16.62% |
| 14 | BlackRock MuniVest Fund II | MVT | 6.10% | 16.56% |
| 15 | BlackRock MuniHoldings Fund | MHD | 6.15% | 16.30% |
| 16 | PIMCO Municipal Income III | PMX | 6.55% | 16.18% |
| 17 | Western Asset Muni High Income | MHF | 4.46% | 16.06% |
| 18 | Western Asset Municipal Part | MNP | 5.60% | 16.03% |
| 19 | BlackRock MuniYield | MYD | 6.15% | 15.41% |
| 20 | EV National Muni Opps Trust | EOT | 4.80% | 15.39% |
| 21 | PIMCO Municipal Income II | PML | 6.24% | 15.10% |
| 22 | BlackRock MuniVest | MVF | 6.30% | 15.09% |
| 23 | BlackRock Invst. Quality Muni | BKN | 5.86% | 15.01% |
| 24 | Nuveen Div Adv Muni Inc | NVG | 5.04% | 14.99% |
| 25 | Nuveen Intermediate Dur Muni | NID | 5.25% | 14.98% |
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