List of Investment Grade Municipal Bond Closed-end Funds (CEFs)

These are 95 closed-end funds that focus on investment grade, non-taxable municipal bonds.
We are comparing returns to MUB, the iShares National Muni Bond ETF, because it is the oldest ETF that tracks a broad market municipal bond index.
You might want to browse these CEFs.

SymbolDescriptionInception DateFeesLeverage FactorMarket CapCurrent YieldHistorical Average YieldLifetime total return (dividends not reinvested)MUB total return same periodLifetime total return differenceLifetime total return difference per yearLifetime Sharpe ratioMUB Sharpe ratio same periodSharpe differenceActions
MMUWestern Asset Managed Municipals Fund Inc. CEF07/17/19921.68%1.42$542,098,1384.35%6.43%102.63%55.95%46.68%3.24%0.660.77-0.11Analyze
MMDMainStay DefinedTerm Municipal Opportunities Fund CEF06/27/20122.11%1.59$555,628,7235.80%5.87%57.59%27.86%29.73%3.10%0.680.71-0.03Analyze
IIMInvesco Value Municipal Income Trust CEF10/27/19942.05%1.61$700,671,5535.12%6.20%100.10%55.95%44.15%3.07%0.700.77-0.08Analyze
KTFDeutsche Municipal Income Trust CEF06/30/19891.88%1.50$437,275,3734.52%6.66%100.08%55.95%44.13%3.06%0.590.77-0.18Analyze
NBHNeuberger Berman Intermediate Municipal Fund Inc. CEF09/25/20022.29%1.62$275,660,8935.40%5.42%98.60%55.95%42.65%2.96%0.530.77-0.25Analyze
PMOPutnam Municipal Opportunities Trust CEF10/27/19941.12%1.14$436,603,9814.97%6.64%96.77%55.95%40.82%2.83%0.710.77-0.07Analyze
MQYBlackrock MuniYield Quality Fund CEF10/27/19942.05%1.66$450,901,6325.36%6.66%95.27%55.95%39.32%2.73%0.680.77-0.10Analyze
MYCBlackrock MuniYield California Fund CEF03/16/19922.26%1.72$302,229,0604.54%6.26%94.21%55.95%38.26%2.66%0.560.77-0.21Analyze
MHDBlackrock MuniHoldings Fund CEF05/27/19972.16%1.55$218,687,6224.70%6.48%94.05%55.95%38.10%2.65%0.560.77-0.21Analyze
MQTBlackrock MuniYield Quality Fund II CEF10/27/19942.10%1.66$293,479,6974.94%7.07%93.67%55.95%37.72%2.62%0.660.77-0.11Analyze
NKXNuveen California AMT-Free Quality Municipal Income Fund CEF09/04/20012.24%1.58$699,499,3164.57%5.25%93.15%55.95%37.20%2.58%0.500.77-0.28Analyze
PCQPIMCO California Municipal Income Fund CEF06/27/20011.60%1.94$315,441,0254.61%6.00%90.65%55.95%34.70%2.41%0.530.77-0.25Analyze
MNPWestern Asset Municipal Partners Fund Inc. CEF01/25/19931.87%1.53$141,315,1765.13%5.87%90.24%55.95%34.29%2.38%0.590.77-0.18Analyze
MVTBlackrock MuniVest Fund II CEF10/27/19942.11%1.58$301,897,2774.94%6.80%90.23%55.95%34.28%2.38%0.630.77-0.14Analyze
NAZNuveen Arizona Quality Municipal Income Fund CEF10/27/19941.94%1.57$172,230,1394.03%5.58%87.50%55.95%31.55%2.19%0.570.77-0.20Analyze
MFLBlackrock MuniHoldings Investment Quality Fund CEF09/29/19972.41%1.68$505,156,4534.36%6.06%86.54%55.95%30.59%2.12%0.520.77-0.26Analyze
MUEBlackrock MuniHoldings Quality Fund II CEF03/09/19992.20%1.62$288,040,5084.86%5.89%86.46%55.95%30.51%2.12%0.470.77-0.30Analyze
MCABlackrock MuniYield California Quality Fund CEF10/27/19942.22%1.73$496,474,4964.53%6.44%86.23%55.95%30.28%2.10%0.640.77-0.14Analyze
NEVNuveen Enhanced Municipal Value Fund CEF09/25/20091.14%1.33$355,288,9685.12%6.00%67.90%43.01%24.89%2.02%0.520.82-0.30Analyze
MIYBlackrock MuniYield Michigan Quality Fund CEF10/27/19942.16%1.64$418,532,5064.71%6.53%84.93%55.95%28.98%2.01%0.660.77-0.12Analyze
MUCBlackrock MuniHoldings California Quality Fund CEF03/02/19982.29%1.67$583,875,3584.62%5.69%83.59%55.95%27.64%1.92%0.510.77-0.26Analyze
NXCNuveen California Select Tax-Free Income Portfolio CEF06/19/19920.33%1.00$106,330,3722.91%4.97%83.25%55.95%27.30%1.90%0.580.77-0.20Analyze
NACNuveen California Quality Municipal Income Fund CEF05/26/19991.97%1.56$2,114,579,2124.44%6.05%82.89%55.95%26.94%1.87%0.520.77-0.26Analyze
MYNBlackrock MuniYield New York Quality Fund CEF03/16/19922.19%1.63$528,876,7624.56%6.04%82.34%55.95%26.39%1.83%0.570.77-0.21Analyze
MYIBlackrock MuniYield Quality Fund III CEF04/21/19922.11%1.61$919,352,6874.55%6.23%81.84%55.95%25.89%1.80%0.570.77-0.20Analyze
MVFBlackrock MuniVest Fund CEF02/22/19902.16%1.55$582,230,6124.43%6.99%81.76%55.95%25.81%1.79%0.610.77-0.16Analyze
MPABlackrock MuniYield Pennsylvania Quality Fund CEF10/27/19942.26%1.64$196,012,7184.48%6.53%81.51%55.95%25.56%1.78%0.640.77-0.13Analyze
FMNFederated Premier Municipal Income Fund CEF12/20/20021.91%1.66$159,730,8754.65%5.97%81.13%55.95%25.18%1.75%0.460.77-0.32Analyze
MYJBlackrock MuniYield New Jersey Fund CEF05/18/19922.25%1.63$206,485,6615.20%5.98%80.94%55.95%24.99%1.74%0.550.77-0.22Analyze
NMSNuveen Minnesota Quality Municipal Income Fund CEF10/08/20142.40%1.69$86,562,3184.20%4.68%33.76%21.22%12.54%1.72%0.470.83-0.36Analyze
MHNBlackrock MuniHoldings New York Quality Fund CEF09/22/19972.36%1.64$422,150,2324.72%5.90%80.50%55.95%24.55%1.70%0.540.77-0.24Analyze
MUJBlackrock MuniHoldings New Jersey Quality Fund CEF03/12/19982.23%1.62$431,200,2705.20%5.76%79.68%55.95%23.73%1.65%0.540.77-0.23Analyze
MYDBlackrock MuniYield Fund CEF12/19/19912.00%1.56$628,806,3124.93%6.72%79.59%55.95%23.64%1.64%0.590.77-0.19Analyze
EOTEaton Vance National Municipal Opportunities Trust CEF05/27/20090.96%1.07$318,217,4003.71%5.09%69.67%49.00%20.67%1.63%0.520.84-0.32Analyze
NUWNuveen AMT-Free Municipal Value Fund CEF02/25/20090.81%1.07$284,169,6494.17%4.68%71.94%52.24%19.70%1.52%0.550.88-0.33Analyze
DMFDreyfus Municipal Income, Inc. CEF11/25/19911.18%1.31$168,703,9884.90%7.15%77.82%55.95%21.87%1.52%0.520.77-0.25Analyze
NQPNuveen Pennsylvania Quality Municipal Income Fund CEF02/21/19912.05%1.59$522,245,2884.75%5.96%77.38%55.95%21.43%1.49%0.550.77-0.23Analyze
BTABlackrock Long-Term Municipal Advantage Trust CEF02/24/20062.33%1.62$167,019,7765.06%14.22%77.30%55.95%21.35%1.48%0.490.77-0.28Analyze
NUONuveen Ohio Quality Municipal Income Fund CEF10/17/19911.94%1.54$275,487,0034.09%5.49%77.21%55.95%21.26%1.48%0.550.77-0.22Analyze
NXJNuveen New Jersey Quality Municipal Income Fund CEF09/05/20011.78%1.49$582,835,2514.97%5.75%76.37%55.95%20.42%1.42%0.510.77-0.26Analyze
BYMBlackrock Municipal Income Quality Trust CEF10/29/20022.23%1.59$378,401,8924.83%5.68%76.14%55.95%20.19%1.40%0.490.77-0.29Analyze
NMTNuveen Massachusetts Quality Municipal Income Fund CEF10/27/19942.13%1.54$135,653,1133.71%5.55%75.46%55.95%19.51%1.35%0.610.77-0.16Analyze
BKNBlackrock Investment Quality Municipal Trust CEF02/23/19932.12%1.14$272,567,7245.12%6.32%74.68%55.95%18.73%1.30%0.550.77-0.23Analyze
MUIBlackrock Muni Intermediate Duration Fund CEF07/30/20032.17%1.63$549,168,4544.50%5.61%74.16%55.95%18.21%1.26%0.550.77-0.22Analyze
NMINuveen Municipal Income Fund CEF12/16/19880.79%1.00$101,250,8713.28%5.59%73.78%55.95%17.83%1.24%0.560.77-0.21Analyze
NBWNeuberger Berman California Intermediate Municipal Fund CEF09/25/20022.70%1.65$74,217,4584.36%5.00%73.63%55.95%17.68%1.23%0.450.77-0.32Analyze
BLEBlackrock Municipal Income Trust II CEF07/26/20022.31%1.64$325,499,6555.33%6.25%73.59%55.95%17.64%1.23%0.490.77-0.29Analyze
NANNuveen New York Quality Municipal Income Fund CEF05/26/19992.10%1.57$414,641,9024.46%5.75%72.20%55.95%16.25%1.13%0.510.77-0.26Analyze
VPVInvesco Pennsylvania Value Municipal Income Trust CEF10/27/19942.37%1.58$297,154,4144.77%6.30%71.86%55.95%15.91%1.10%0.580.77-0.20Analyze
NPVNuveen Virginia Quality Municipal Income Fund CEF10/27/19942.07%1.56$268,868,6793.89%5.38%71.70%55.95%15.75%1.09%0.550.77-0.23Analyze
NCANuveen California Municipal Value Fund CEF10/07/19870.56%1.01$322,142,7473.10%5.30%70.38%55.95%14.43%1.00%0.600.77-0.17Analyze
CXHMFS Investment Grade Municipal Trust CEF06/30/19892.33%1.58$84,087,5614.53%6.47%70.31%55.95%14.36%1.00%0.560.77-0.21Analyze
BHVBlackrock Virginia Municipal Bond Trust CEF04/26/20022.72%1.65$29,516,6743.00%4.92%69.90%55.95%13.95%0.97%0.470.77-0.31Analyze
PMLPIMCO Municipal Income Fund II CEF06/26/20021.30%1.87$862,013,0835.10%6.22%69.84%55.95%13.89%0.96%0.470.77-0.30Analyze
LEODreyfus Strategic Municipals, Inc. CEF01/02/20011.37%1.32$485,858,2415.19%11.56%69.68%55.95%13.73%0.95%0.520.77-0.25Analyze
VFLDelaware Investments National Municipal Income Fund CEF08/18/19951.97%1.45$59,390,5434.02%6.03%69.68%55.95%13.73%0.95%0.550.77-0.23Analyze
SBIWestern Asset Intermediate Muni Fund Inc. CEF03/17/19921.56%1.33$129,134,8293.32%5.38%68.54%55.95%12.59%0.87%0.590.77-0.18Analyze
DSMDreyfus Strategic Municipal Bond Fund, Inc. CEF01/11/19901.28%1.57$369,672,9024.75%6.70%68.32%55.95%12.37%0.86%0.540.77-0.23Analyze
BTTBlackrock Municipal 2030 Target Term Trust CEF08/29/20121.76%1.51$1,740,782,5483.02%4.00%33.01%25.59%7.42%0.79%0.440.69-0.25Analyze
DTFDTF Tax-Free Income CEF11/15/19912.29%1.60$114,347,5933.75%5.55%67.23%55.95%11.28%0.78%0.540.77-0.24Analyze
BFKBlackrock Municipal Income Trust CEF07/27/20010.62%1.64$622,258,9995.03%6.22%67.23%55.95%11.28%0.78%0.460.77-0.32Analyze
VGMInvesco Trust for Investment Grade Municipals CEF02/19/19922.20%1.64$678,900,7065.13%6.65%67.12%55.95%11.17%0.78%0.580.77-0.19Analyze
NXPNuveen Select Tax-Free Income Portfolio CEF03/19/19920.27%1.00$252,148,1253.59%5.12%66.94%55.95%10.99%0.76%0.630.77-0.14Analyze
NOMNuveen Missouri Quality Municipal Income Fund CEF08/18/19952.54%1.57$32,968,8453.74%5.25%65.85%55.95%9.90%0.69%0.490.77-0.29Analyze
PMFPIMCO Municipal Income Fund CEF06/27/20011.37%1.85$344,682,2154.65%6.31%65.63%55.95%9.68%0.67%0.420.77-0.36Analyze
VMOInvesco Municipal Opportunity Trust CEF06/04/19922.21%1.65$854,142,0575.01%6.60%65.54%55.95%9.59%0.67%0.570.77-0.20Analyze
VKIInvesco Advantage Municipal Income Trust II CEF08/18/19952.25%1.65$491,414,4705.17%6.85%65.28%55.95%9.33%0.65%0.560.77-0.21Analyze
NUVNuveen Municipal Value Fund, Inc. CEF06/17/19870.52%1.02$2,080,314,9363.47%5.96%64.15%55.95%8.20%0.57%0.730.77-0.05Analyze
NRKNuveen New York AMT-Free Quality Municipal Income Fund CEF11/22/20022.13%1.60$1,141,910,1294.37%5.18%63.10%55.95%7.15%0.50%0.450.77-0.32Analyze
NIMNuveen Select Maturities Municipal Fund CEF10/27/19940.58%1.01$127,440,5172.70%4.93%62.57%55.95%6.62%0.46%0.560.77-0.22Analyze
IQIInvesco Quality Municipal Income Trust CEF10/27/19942.13%1.59$646,768,8374.99%7.08%61.96%55.95%6.01%0.42%0.670.77-0.10Analyze
NIQNuveen Intermediate Duration Quality Municipal Term Fund CEF02/08/20131.41%1.35$187,551,1023.44%3.71%27.40%23.69%3.71%0.41%0.460.71-0.25Analyze
EVNEaton Vance Municipal Income Trust CEF01/27/19991.33%1.53$498,219,5674.51%6.46%61.68%55.95%5.73%0.40%0.440.77-0.34Analyze
VKQInvesco Municipal Trust CEF11/21/19912.24%1.64$672,693,9485.15%6.51%61.36%55.95%5.41%0.38%0.500.77-0.27Analyze
NBONeuberger Berman New York Intermediate Municipal Fund CEF09/25/20022.69%1.67$61,081,3274.20%4.98%60.37%55.95%4.42%0.31%0.390.77-0.38Analyze
NNYNuveen New York Municipal Value Fund CEF10/07/19870.60%1.02$02.98%5.30%60.33%55.95%4.38%0.30%0.650.77-0.12Analyze
NXNNuveen New York Select Tax-Free Income Portfolio CEF06/19/19920.43%1.00$52,004,8463.17%4.82%59.35%55.95%3.40%0.24%0.510.77-0.27Analyze
VMMDelaware Investments Minnesota Municipal Income Fund II CEF08/18/19951.78%1.44$156,352,6103.04%5.67%58.85%55.95%2.90%0.20%0.590.77-0.18Analyze
CEVEaton Vance California Municipal Income Trust CEF01/27/19992.78%1.58$91,381,0964.42%5.57%58.08%55.95%2.13%0.15%0.390.77-0.38Analyze
BFZBlackrock California Municipal Income Trust CEF07/27/20012.41%1.62$428,902,9783.76%5.76%57.99%55.95%2.04%0.14%0.460.77-0.31Analyze
NKGNuveen Georgia Quality Municipal Income Fund CEF09/26/20022.19%1.54$132,285,6094.24%4.84%57.83%55.95%1.88%0.13%0.380.77-0.39Analyze
VTNInvesco Trust For Investment Grade New York Municipals CEF05/13/19922.34%1.63$244,640,5784.49%6.32%57.15%55.95%1.20%0.08%0.510.77-0.26Analyze
MUBiShares National Muni Bond ETF09/07/20070.07%1.00$24,993,167,0001.84%2.81%55.95%55.95%0.00%0.00%0.770.770.00Analyze
PNFPIMCO New York Municipal Income Fund CEF06/27/20011.55%1.90$88,678,9814.45%5.86%55.92%55.95%-0.03%-0.00%0.360.77-0.41Analyze
VCFDelaware Investments Colorado Municipal Income Fund CEF08/18/19951.82%1.40$66,751,9803.69%5.59%55.36%55.95%-0.59%-0.04%0.570.77-0.20Analyze
EIMEaton Vance Municipal Bond Fund CEF08/28/20022.00%1.70$885,743,6954.72%6.05%55.19%55.95%-0.76%-0.05%0.450.77-0.32Analyze
BNYBlackrock New York Municipal Income Trust CEF07/27/20012.45%1.70$175,047,2385.51%5.80%54.36%55.95%-1.59%-0.11%0.460.77-0.31Analyze
VCVInvesco California Value Municipal Income Trust CEF10/27/19942.16%1.56$580,606,5144.63%6.43%50.39%55.95%-5.56%-0.39%0.560.77-0.22Analyze
PMXPIMCO Municipal Income Fund III CEF10/29/20021.39%1.85$373,442,2804.86%6.40%48.47%55.95%-7.48%-0.52%0.390.77-0.38Analyze
ENXEaton Vance New York Municipal Bond Fund CEF08/28/20022.16%1.53$208,179,1984.20%5.42%43.88%55.95%-12.07%-0.84%0.370.77-0.41Analyze
EVMEaton Vance California Municipal Bond Fund CEF08/28/20022.16%1.70$268,939,0884.59%5.97%42.68%55.95%-13.27%-0.92%0.010.77-0.76Analyze
OIAInvesco Municipal Income Opportunities Trust CEF10/05/19881.20%1.29$346,194,3285.07%6.32%41.51%55.95%-14.44%-1.00%0.500.77-0.28Analyze
PNIPIMCO New York Municipal Income Fund II CEF06/26/20021.63%1.85$116,360,4214.61%6.04%39.95%55.95%-16.00%-1.11%0.330.77-0.44Analyze
PZCPIMCO California Municipal Income Fund III CEF10/29/20021.65%1.92$222,842,4114.54%6.13%34.34%55.95%-21.61%-1.50%0.330.77-0.44Analyze
PYNPIMCO New York Municipal Income Fund III CEF10/29/20021.83%1.95$50,137,7424.82%5.90%25.82%55.95%-30.13%-2.09%0.280.77-0.50Analyze
PCKPIMCO California Municipal Income Fund II CEF06/26/20021.49%1.88$280,223,8804.40%6.43%21.65%55.95%-34.30%-2.38%0.310.77-0.47Analyze
TOTAL96

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