These closed-end tax free bond funds have returned over 8%/yr on net asset value. All currently trade at, or below, net asset value. 3 of the funds are fairly new. Only BBK has been around more than 10 years.
MMD - MainStay DefinedTerm Muncipal Opportunities Fund
The Fund seeks current income exempt from regular US Federal income taxes. The Fund secondary objective is total return. The Fund invest at least 80% of its "Managed Assets" in municipal bonds on which is generally excludable from gross income for regular US Federal income tax purposes.
Inception Date: 6/26/2012
ETX - Eaton Vance Municipal Income 2028 Term Trust
The Fund seeks to provide current income exempt from regular federal income tax. The Fund invests at least 80% of its net assets in debt obligations issued by or on behalf of states, territories and possessions of the United States, including the District of Columbia, and their political subdivisions, agencies.
Inception Date: 3/26/2013
BBK - BlackRock Municipal Bond Trust
The Fund seeks to provide current income exempt from regular Federal income tax. The Trust will invest in municipal bonds that, in the opinion of the Trust's investment advisor or sub-advisor, are underrated or undervalued.
Inception Date: 4/26/2002
EOT - Eaton Vance National Municipal Opportunities Trust
The Fund seeks to investment objective is to provide current income exempt from federal income tax. The Fund will invest primarily in municipal obligations that, at the time of investment, are investment grade quality.
Inception Date: 5/29/2009
Information Source: cefa.com
William "David" Wedeking - President of Jade Reserves, Inc. and publisher of Sensible Speculation