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

These are 111 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
MYFBlackrock MuniYield Investment Fund CEF03/16/19922.32%1.66$196,383,7934.28%13.41%367.70%57.33%310.37%22.66%1.900.811.09Analyze
MENBlackrock MuniEnhanced Fund CEF06/30/19892.06%1.68$358,552,2304.50%14.72%343.30%57.33%285.97%20.88%2.060.811.24Analyze
MHEBlackrock Massachusetts Tax-Exempt Trust CEF08/18/19952.50%1.68$32,340,7543.76%10.92%284.50%57.33%227.17%16.58%1.450.810.64Analyze
BFYBlackrock New York Municipal Income Trust II CEF07/26/20022.56%1.75$77,125,8484.79%8.76%283.08%56.72%226.36%16.52%1.250.810.44Analyze
NYVNuveen New York Municipal Value Fund 2 CEF04/28/20090.75%1.01$35,338,1642.40%5.58%156.03%50.03%106.00%8.79%1.140.920.22Analyze
BZMBlackrock Maryland Municipal Bond Trust CEF04/26/20022.67%1.61$31,235,1753.97%6.91%160.91%57.35%103.56%7.56%0.770.81-0.05Analyze
MMDMainStay DefinedTerm Municipal Opportunities Fund CEF06/27/20122.11%1.59$626,013,8824.85%5.95%65.22%28.89%36.33%4.09%0.820.770.05Analyze
MMUWestern Asset Managed Municipals Fund Inc. CEF07/17/19921.68%1.42$574,190,3474.35%6.50%106.49%57.06%49.43%3.61%0.690.81-0.13Analyze
KTFDeutsche Municipal Income Trust CEF06/30/19891.88%1.50$464,926,0284.79%6.63%103.75%57.06%46.69%3.41%0.610.81-0.20Analyze
IIMInvesco Value Municipal Income Trust CEF10/27/19942.05%1.60$753,374,8534.62%6.26%103.54%57.06%46.48%3.39%0.730.81-0.08Analyze
MQYBlackrock MuniYield Quality Fund CEF10/27/19942.05%1.66$499,124,7634.79%6.73%102.60%57.06%45.54%3.32%0.710.81-0.10Analyze
MYCBlackrock MuniYield California Fund CEF03/16/19922.26%1.72$328,575,0383.28%6.30%101.95%57.06%44.89%3.28%0.590.81-0.22Analyze
PMOPutnam Municipal Opportunities Trust CEF10/27/19941.12%1.11$470,713,6675.01%6.71%101.45%57.06%44.39%3.24%0.760.81-0.06Analyze
NBHNeuberger Berman Intermediate Municipal Fund Inc. CEF09/25/20022.29%1.66$296,327,4464.72%5.44%100.84%57.06%43.78%3.20%0.560.81-0.26Analyze
MQTBlackrock MuniYield Quality Fund II CEF10/27/19942.10%1.66$319,195,8274.46%7.15%98.80%57.06%41.74%3.05%0.690.81-0.12Analyze
NKXNuveen California AMT-Free Quality Municipal Income Fund CEF09/04/20012.24%1.58$745,118,8374.17%5.30%97.88%57.06%40.82%2.98%0.530.81-0.29Analyze
MVTBlackrock MuniVest Fund II CEF10/27/19942.11%1.58$332,150,9214.39%6.87%97.39%57.06%40.33%2.94%0.680.81-0.14Analyze
PCQPIMCO California Municipal Income Fund CEF06/27/20011.60%1.94$348,645,3434.29%6.09%96.87%57.06%39.81%2.91%0.560.81-0.25Analyze
MHDBlackrock MuniHoldings Fund CEF05/27/19972.16%1.55$233,892,0244.45%6.56%96.57%57.06%39.51%2.88%0.590.81-0.23Analyze
NEVNuveen Enhanced Municipal Value Fund CEF09/25/20091.14%1.33$397,205,0836.00%6.11%76.36%44.09%32.27%2.77%0.610.87-0.26Analyze
MNPWestern Asset Municipal Partners Fund Inc. CEF01/25/19931.87%1.53$151,908,9553.97%5.89%93.52%57.06%36.46%2.66%0.620.81-0.20Analyze
BKNBlackrock Investment Quality Municipal Trust CEF02/23/19932.12%1.67$331,687,0794.05%6.38%92.77%57.06%35.71%2.61%0.600.81-0.21Analyze
NMSNuveen Minnesota Quality Municipal Income Fund CEF10/08/20142.40%1.69$92,762,1933.79%4.78%38.89%22.25%16.64%2.52%0.570.94-0.36Analyze
MFLBlackrock MuniHoldings Investment Quality Fund CEF09/29/19972.41%1.68$545,326,4333.97%6.14%91.32%57.06%34.26%2.50%0.550.81-0.27Analyze
NXRNuveen Select Tax-Free Income Portfolio 3 CEF10/27/19940.33%1.00$233,254,6132.98%5.48%90.77%57.06%33.71%2.46%0.790.81-0.03Analyze
MUEBlackrock MuniHoldings Quality Fund II CEF03/09/19992.20%1.62$308,083,9834.43%5.94%90.45%57.06%33.39%2.44%0.500.81-0.31Analyze
MIYBlackrock MuniYield Michigan Quality Fund CEF10/27/19942.16%1.64$453,139,0814.24%6.60%89.71%57.06%32.65%2.38%0.690.81-0.13Analyze
MUCBlackrock MuniHoldings California Quality Fund CEF03/02/19982.29%1.67$631,028,2134.17%5.75%88.83%57.06%31.77%2.32%0.540.81-0.27Analyze
FMNFederated Premier Municipal Income Fund CEF12/20/20021.91%1.66$176,015,6414.10%6.02%87.96%57.06%30.90%2.26%0.490.81-0.32Analyze
NAZNuveen Arizona Quality Municipal Income Fund CEF10/27/19941.94%1.57$177,038,7173.86%5.64%87.65%57.06%30.59%2.23%0.590.81-0.23Analyze
MCABlackrock MuniYield California Quality Fund CEF10/27/19942.22%1.73$518,838,2124.21%6.51%87.36%57.06%30.30%2.21%0.660.81-0.15Analyze
EOTEaton Vance National Municipal Opportunities Trust CEF05/27/20090.96%1.07$340,875,9283.75%5.21%76.57%50.11%26.46%2.21%0.600.89-0.28Analyze
MYDBlackrock MuniYield Fund CEF12/19/19912.00%1.56$694,922,4124.56%6.78%85.51%57.06%28.45%2.08%0.620.81-0.19Analyze
MYJBlackrock MuniYield New Jersey Fund CEF05/18/19922.25%1.63$220,452,9614.77%6.02%85.32%57.06%28.26%2.06%0.580.81-0.23Analyze
MYIBlackrock MuniYield Quality Fund III CEF04/21/19922.11%1.61$971,147,2044.11%6.29%84.49%57.06%27.43%2.00%0.590.81-0.22Analyze
NACNuveen California Quality Municipal Income Fund CEF05/26/19991.97%1.56$2,217,341,1044.22%6.12%83.53%57.06%26.47%1.93%0.530.81-0.28Analyze
MPABlackrock MuniYield Pennsylvania Quality Fund CEF10/27/19942.26%1.64$205,092,3264.30%6.61%82.77%57.06%25.71%1.88%0.670.81-0.15Analyze
DMFDreyfus Municipal Income, Inc. CEF11/25/19911.18%1.33$185,927,1504.69%7.20%82.67%57.06%25.61%1.87%0.550.81-0.27Analyze
MHNBlackrock MuniHoldings New York Quality Fund CEF09/22/19972.36%1.64$448,923,7724.41%5.95%82.50%57.06%25.44%1.86%0.560.81-0.26Analyze
MVFBlackrock MuniVest Fund CEF02/22/19902.16%1.55$605,571,7054.30%7.04%81.88%57.06%24.82%1.81%0.620.81-0.19Analyze
NUONuveen Ohio Quality Municipal Income Fund CEF10/17/19911.94%1.54$295,635,6543.72%5.54%81.50%57.06%24.44%1.78%0.570.81-0.24Analyze
MYNBlackrock MuniYield New York Quality Fund CEF03/16/19922.19%1.63$544,711,3964.33%6.09%81.17%57.06%24.11%1.76%0.580.81-0.24Analyze
MUJBlackrock MuniHoldings New Jersey Quality Fund CEF03/12/19982.23%1.62$456,529,5164.84%5.80%80.96%57.06%23.90%1.74%0.560.81-0.25Analyze
NUWNuveen AMT-Free Municipal Value Fund CEF02/25/20090.81%1.07$258,865,6572.80%4.71%74.38%53.37%21.01%1.72%0.590.93-0.34Analyze
BYMBlackrock Municipal Income Quality Trust CEF10/29/20022.23%1.63$411,937,8594.22%5.74%80.55%57.06%23.49%1.71%0.520.81-0.29Analyze
NXPNuveen Select Tax-Free Income Portfolio CEF03/19/19920.27%1.00$287,293,0313.13%5.18%79.84%57.06%22.78%1.66%0.700.81-0.11Analyze
NXCNuveen California Select Tax-Free Income Portfolio CEF06/19/19920.33%1.01$108,808,2533.13%5.03%79.54%57.06%22.48%1.64%0.590.81-0.23Analyze
NXJNuveen New Jersey Quality Municipal Income Fund CEF09/05/20011.78%1.49$620,999,5524.60%5.81%79.23%57.06%22.17%1.62%0.540.81-0.27Analyze
BTABlackrock Long-Term Municipal Advantage Trust CEF02/24/20062.33%1.70$175,612,4334.63%14.76%78.78%57.06%21.72%1.59%0.510.81-0.30Analyze
NPVNuveen Virginia Quality Municipal Income Fund CEF10/27/19942.07%1.56$291,050,7923.54%5.44%78.06%57.06%21.00%1.53%0.590.81-0.23Analyze
BLEBlackrock Municipal Income Trust II CEF07/26/20022.31%1.65$354,705,1234.87%6.28%77.83%57.06%20.77%1.52%0.510.81-0.30Analyze
NQPNuveen Pennsylvania Quality Municipal Income Fund CEF02/21/19912.05%1.59$540,936,9594.93%6.01%77.78%57.06%20.72%1.51%0.560.81-0.26Analyze
LEODreyfus Strategic Municipals, Inc. CEF01/02/20011.37%1.37$548,690,1014.78%11.72%77.64%57.06%20.58%1.50%0.570.81-0.24Analyze
NBWNeuberger Berman California Intermediate Municipal Fund CEF09/25/20022.70%1.66$79,102,3773.78%5.04%77.02%57.06%19.96%1.46%0.480.81-0.34Analyze
MUIBlackrock Muni Intermediate Duration Fund CEF07/30/20032.17%1.63$582,486,2064.23%5.68%76.63%57.06%19.57%1.43%0.580.81-0.23Analyze
NMINuveen Municipal Income Fund CEF12/16/19880.79%1.00$105,462,0293.43%5.55%75.75%57.06%18.69%1.36%0.580.81-0.24Analyze
NANNuveen New York Quality Municipal Income Fund CEF05/26/19992.10%1.57$446,110,2614.29%5.81%75.53%57.06%18.47%1.35%0.540.81-0.27Analyze
NXQNuveen Select Tax-Free Income Portfolio 2 CEF05/21/19920.32%1.00$286,962,3773.10%5.10%75.43%57.06%18.37%1.34%0.680.81-0.13Analyze
CXHMFS Investment Grade Municipal Trust CEF06/30/19892.33%1.56$90,646,9384.75%6.51%75.37%57.06%18.31%1.34%0.590.81-0.22Analyze
NCANuveen California Municipal Value Fund CEF10/07/19870.56%1.01$290,180,0203.07%5.36%74.31%57.06%17.25%1.26%0.620.81-0.19Analyze
NMTNuveen Massachusetts Quality Municipal Income Fund CEF10/27/19942.13%1.54$136,726,5193.71%5.61%74.03%57.06%16.97%1.24%0.620.81-0.19Analyze
NUVNuveen Municipal Value Fund, Inc. CEF06/17/19870.52%1.02$2,312,151,0283.30%5.55%73.54%57.06%16.48%1.20%0.720.81-0.09Analyze
VPVInvesco Pennsylvania Value Municipal Income Trust CEF10/27/19942.37%1.62$314,073,3904.54%6.35%73.03%57.06%15.97%1.17%0.590.81-0.22Analyze
EVYEaton Vance New York Municipal Income Trust CEF01/27/19992.62%1.54$80,217,1463.70%5.75%71.90%57.06%14.84%1.08%0.420.81-0.39Analyze
DTFDTF Tax-Free Income CEF11/15/19912.29%1.50$125,168,8633.55%5.57%71.57%57.06%14.51%1.06%0.560.81-0.26Analyze
VGMInvesco Trust for Investment Grade Municipals CEF02/19/19922.20%1.68$745,055,5674.66%6.70%71.52%57.06%14.46%1.06%0.610.81-0.20Analyze
PMLPIMCO Municipal Income Fund II CEF06/26/20021.30%1.87$914,237,2334.85%6.29%71.39%57.06%14.33%1.05%0.490.81-0.32Analyze
VFLDelaware Investments National Municipal Income Fund CEF08/18/19951.97%1.46$61,949,1144.46%6.06%70.82%57.06%13.76%1.00%0.560.81-0.25Analyze
BFKBlackrock Municipal Income Trust CEF07/27/20010.62%1.67$666,193,7124.63%6.29%70.69%57.06%13.63%0.99%0.480.81-0.33Analyze
DSMDreyfus Strategic Municipal Bond Fund, Inc. CEF01/11/19901.28%1.57$393,395,2284.52%6.73%70.03%57.06%12.97%0.95%0.560.81-0.25Analyze
SBIWestern Asset Intermediate Muni Fund Inc. CEF03/17/19921.56%1.33$132,937,0543.21%5.41%69.19%57.06%12.13%0.89%0.600.81-0.21Analyze
MTTWestern Asset Municipal Defined Opportunity Trust Inc. CEF03/27/20090.70%1.00$258,527,2182.66%4.46%65.25%54.52%10.73%0.88%0.590.92-0.33Analyze
VKIInvesco Advantage Municipal Income Trust II CEF08/18/19952.25%1.68$538,469,5144.67%6.91%68.68%57.06%11.62%0.85%0.590.81-0.23Analyze
BTTBlackrock Municipal 2030 Target Term Trust CEF08/29/20121.76%1.52$1,797,187,0052.95%4.12%33.93%26.60%7.33%0.84%0.470.75-0.28Analyze
VMOInvesco Municipal Opportunity Trust CEF06/04/19922.21%1.65$916,837,5674.63%6.65%67.89%57.06%10.83%0.79%0.590.81-0.22Analyze
NOMNuveen Missouri Quality Municipal Income Fund CEF08/18/19952.54%1.57$34,470,6293.47%5.31%67.30%56.80%10.50%0.77%0.500.81-0.31Analyze
PMFPIMCO Municipal Income Fund CEF06/27/20011.37%1.85$379,409,5965.01%6.39%66.55%57.06%9.49%0.69%0.430.81-0.38Analyze
EVNEaton Vance Municipal Income Trust CEF01/27/19991.33%1.55$542,646,7904.17%6.54%66.19%57.06%9.13%0.67%0.460.81-0.35Analyze
VKQInvesco Municipal Trust CEF11/21/19912.24%1.62$740,184,6244.65%6.56%65.61%57.06%8.55%0.62%0.520.81-0.29Analyze
NIMNuveen Select Maturities Municipal Fund CEF10/27/19940.58%1.01$133,165,3843.32%5.00%64.74%57.06%7.68%0.56%0.570.81-0.24Analyze
NRKNuveen New York AMT-Free Quality Municipal Income Fund CEF11/22/20022.13%1.60$1,202,974,8424.18%5.23%64.64%57.06%7.58%0.55%0.470.81-0.34Analyze
IQIInvesco Quality Municipal Income Trust CEF10/27/19942.13%1.62$690,133,5514.71%7.16%64.45%57.06%7.39%0.54%0.700.81-0.11Analyze
BHVBlackrock Virginia Municipal Bond Trust CEF04/26/20022.72%1.67$28,053,7023.13%4.99%63.66%57.06%6.60%0.48%0.450.81-0.36Analyze
NXNNuveen New York Select Tax-Free Income Portfolio CEF06/19/19920.43%1.01$55,027,0143.24%4.87%63.55%57.06%6.49%0.47%0.530.81-0.29Analyze
BFZBlackrock California Municipal Income Trust CEF07/27/20012.41%1.63$465,014,4553.20%5.85%62.96%57.06%5.90%0.43%0.490.81-0.32Analyze
NBONeuberger Berman New York Intermediate Municipal Fund CEF09/25/20022.69%1.68$64,635,5183.71%5.02%61.92%57.06%4.86%0.35%0.410.81-0.40Analyze
CEVEaton Vance California Municipal Income Trust CEF01/27/19992.78%1.58$97,230,6274.13%5.63%61.61%57.06%4.55%0.33%0.410.81-0.40Analyze
PNFPIMCO New York Municipal Income Fund CEF06/27/20011.55%1.90$95,644,9384.19%5.93%60.97%57.06%3.91%0.29%0.390.81-0.43Analyze
VCFDelaware Investments Colorado Municipal Income Fund CEF08/18/19951.82%1.41$70,710,6633.99%5.65%60.26%56.80%3.46%0.25%0.610.81-0.21Analyze
NKGNuveen Georgia Quality Municipal Income Fund CEF09/26/20022.19%1.54$140,189,4663.87%4.88%60.40%57.06%3.34%0.24%0.400.81-0.41Analyze
VTNInvesco Trust For Investment Grade New York Municipals CEF05/13/19922.34%1.64$258,469,7824.13%6.37%59.27%57.06%2.21%0.16%0.530.81-0.29Analyze
NNYNuveen New York Municipal Value Fund CEF10/07/19870.60%1.02$03.25%5.35%58.80%57.06%1.74%0.13%0.660.81-0.16Analyze
NIQNuveen Intermediate Duration Quality Municipal Term Fund CEF02/08/20131.41%1.35$190,563,4453.18%3.76%25.68%24.70%0.98%0.12%0.460.78-0.32Analyze
BNYBlackrock New York Municipal Income Trust CEF07/27/20012.45%1.70$188,412,5944.88%5.86%58.66%57.06%1.60%0.12%0.500.81-0.32Analyze
EIMEaton Vance Municipal Bond Fund CEF08/28/20022.00%1.70$967,050,7934.78%6.12%58.47%57.06%1.41%0.10%0.480.81-0.34Analyze
VMMDelaware Investments Minnesota Municipal Income Fund II CEF08/18/19951.78%1.44$156,598,8173.15%5.73%57.19%57.06%0.13%0.01%0.600.81-0.22Analyze
MUBiShares National Muni Bond ETF09/07/20070.07%1.00$21,848,280,0001.99%2.88%57.06%57.06%0.00%0.00%0.810.810.00Analyze
VCVInvesco California Value Municipal Income Trust CEF10/27/19942.16%1.58$637,566,2624.21%6.50%54.82%57.06%-2.24%-0.16%0.590.81-0.23Analyze
PMXPIMCO Municipal Income Fund III CEF10/29/20021.39%1.85$404,258,7244.67%6.48%50.90%57.06%-6.16%-0.45%0.420.81-0.40Analyze
ENXEaton Vance New York Municipal Bond Fund CEF08/28/20022.16%1.77$225,753,9434.57%5.49%48.06%57.06%-9.00%-0.66%0.390.81-0.42Analyze
EVMEaton Vance California Municipal Bond Fund CEF08/28/20022.16%1.77$298,182,4644.51%6.04%47.94%57.06%-9.12%-0.67%0.030.81-0.79Analyze
OIAInvesco Municipal Income Opportunities Trust CEF10/05/19881.20%1.32$393,748,4944.71%6.36%46.13%57.06%-10.93%-0.80%0.520.81-0.29Analyze
PNIPIMCO New York Municipal Income Fund II CEF06/26/20021.63%1.85$128,891,5434.17%6.12%45.30%57.06%-11.76%-0.86%0.360.81-0.45Analyze
PZCPIMCO California Municipal Income Fund III CEF10/29/20021.65%1.92$250,809,5814.16%6.21%40.55%57.06%-16.51%-1.21%0.370.81-0.45Analyze
PYNPIMCO New York Municipal Income Fund III CEF10/29/20021.83%1.95$60,473,6553.94%5.96%38.22%57.06%-18.84%-1.38%0.340.81-0.48Analyze
PCKPIMCO California Municipal Income Fund II CEF06/26/20021.49%1.88$294,684,9744.31%6.51%22.69%57.06%-34.37%-2.51%0.320.81-0.50Analyze
BSEBlackrock New York Municipal Income Quality Trust CEF10/29/20022.56%1.68$96,425,7710.00%0.00%0.00%0.00%0.00%0.00%0.000.000.00Analyze
MFTBlackrock MuniYield Investment Quality Fund CEF10/27/19942.47%1.78$123,280,5740.00%0.00%0.00%0.00%0.00%0.00%0.000.000.00Analyze
BSDBlackrock Strategic Municipal Trust CEF08/25/19992.46%1.73$107,868,6330.00%0.00%0.00%0.00%0.00%0.00%0.000.000.00Analyze
BBFBlackrock Municipal Income Investment Trust CEF07/27/20012.53%1.59$147,550,8480.00%0.00%0.00%0.00%0.00%0.00%0.000.000.00Analyze
NMYNuveen Maryland Quality Municipal Income Fund CEF10/27/19942.25%1.62$330,325,1950.00%0.00%0.00%0.00%0.00%0.00%0.000.000.00Analyze
MZABlackrock MuniYield Arizona Fund CEF08/18/19952.28%1.63$67,833,7510.00%0.00%0.00%0.00%0.00%0.00%0.000.000.00Analyze
TOTAL112

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