billion in assets. Municipal bond funds were the largest category, accounting for $79 billion of that total. Indeed, the world of closed-end funds includes a vast array of single-state, tax-free municipal bond funds. For more on closed-ends, check out the Closed-End Fund Association at...
It notes that the appeal of tax-free income is one of the reasons investors should consider municipal bonds in 2011. Among the risks to owning municipal bonds are interest rate risk, credit risk and early call risk. Some of the characteristics of closed-end municipal bond funds that investors...
4. Covered Call / Option Funds Index9. Hybrid / Balanced Fund Index 5. Global Real Estate, REIT & Real Asset Index Taxable Bond Sector IndexesTax-Free Bond Sector Indexes 1. Debt-Focused Business Development Companies (BDC) Index1. National Municipal Bond Index ...
AF= AMT FreeH= High YieldT= TermP= PerpetualTT= Target Term 1Nuveen, Morningstar Direct as of 31 Mar 2024. Based on total managed assets of closed-end funds. 2Leverage typically magnifies the total return of a fund’s portfolio, whether that return is positive or negative, and creates ...
Shares of closed-end funds are subject to investment risks, including the possible loss of principal invested. There can be no assurance that fund objectives will be achieved. Closed-end funds frequently trade at a discount to their net asset value. NAV returns are net of fund expenses, and ...
Explore closed-end funds. Learn the definition of a closed-end fund and understand how it differs from an open-end fund. Discover closed-end funds...
closed-end funds can have a variety of objectives. BlackRock’s Core Bond Trust (BHK) is a closed-end fund that seeks to “provide current income with the potential for capital appreciation.”1PIMCO’s Municipal Income Fund (PMF) seeks current income that is exempt from federal income tax....
1Taxable equivalent yield is the yield or distribution rate needed from a taxable investment to be economically equal to receiving the stated tax-free yield from a municipal bond investment. Please note that the income levels shown in the calculator do not reflect (i) any federal or state limit...
Shares of closed-end funds are subject to investment risks, including the possible loss of principal invested. Closed-end funds frequently trade at a discount to their net asset value (NAV). An investment in this fund presents a number of risks and is not suitable for all investors. Investors...
Many municipal bond funds and some global investment funds are closed-end funds. Key Takeaways The initial capital for a closed-end fund is raised through a one-time offering of a limited number of shares in the fund. The shares may then be bought and sold on a public stock exchange, bu...