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Friday Fixed Income

Three municipal funds for your consideration.

Each Friday, I highlight three fixed income closed end funds that are yield rich and attractively priced.  Since it is the last Friday of the quarter, I’m going to do something a little different and zoom in on three funds invested in federal tax exempt municipal bonds.  These do not belong in your tax advantaged accounts.  Yields are lower but these may be attractive if you are in a high tax bracket.

Nuveen AMT-Free Muni Credit (NVG) is a closed end fund that seeks current income exempt from regular federal income tax. The secondary investment objective is the enhancement of portfolio value.  It pays an income only distribution on a monthly basis.

  • Discount to NAV – 9.37%
  • Yield – 6.00%
  • Effective leverage – 39.20%
  • Expense ratio – 1.28%
  • Learn more

Blackrock Muni Holdings Quality (MUS) is a closed end fund that seeks current income exempt from regular Federal income tax through investment in investment grade municipal bonds. It pays an income only distribution on a monthly basis.

  • Discount to NAV – 7.26%
  • Yield – 6.09%
  • Effective leverage – 39.01%
  • Expense ratio – 1.93%
  • Learn more

Blackrock Muni  Yield Investment Quality (MFT) is a closed end fund that seeks current income exempt from regular Federal income tax through investment in insured investment grade municipal bonds.  It pays an income only distribution on a monthly basis.

  • Discount to NAV – 6.21%
  • Yield – 6.12%
  • Effective leverage – 40.36%
  • Expense ratio – 1.59%
  • Learn more

Devour your prey raptors!

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