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

These are 89 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$420,668,1555.69%6.40%80.92%46.15%34.77%2.30%0.580.59-0.02Analyze
KTFDeutsche Municipal Income Trust CEF06/30/19891.88%1.50$328,647,7965.71%6.64%79.22%46.15%33.07%2.19%0.520.59-0.08Analyze
IIMInvesco Value Municipal Income Trust CEF10/27/19942.05%1.61$541,757,7336.42%6.18%78.07%46.15%31.92%2.12%0.580.59-0.01Analyze
PMOPutnam Municipal Opportunities Trust CEF10/27/19941.12%1.48$334,274,9236.37%6.63%76.86%46.15%30.71%2.04%0.590.59-0.01Analyze
PCQPIMCO California Municipal Income Fund CEF06/27/20011.60%1.94$261,295,3475.54%5.97%76.04%46.15%29.89%1.98%0.470.59-0.13Analyze
MIYBlackrock MuniYield Michigan Quality Fund CEF10/27/19942.16%1.64$366,178,9705.39%6.52%75.10%46.15%28.95%1.92%0.600.590.01Analyze
NKXNuveen California AMT-Free Quality Municipal Income Fund CEF09/04/20012.24%1.58$561,215,1455.66%5.23%74.87%46.15%28.72%1.90%0.400.59-0.19Analyze
MQTBlackrock MuniYield Quality Fund II CEF10/27/19942.10%1.66$226,256,8306.30%7.03%73.89%46.15%27.74%1.84%0.560.59-0.03Analyze
NAZNuveen Arizona Quality Municipal Income Fund CEF10/27/19941.94%1.57$145,011,5234.64%5.68%73.72%46.15%27.57%1.83%0.530.59-0.07Analyze
MQYBlackrock MuniYield Quality Fund CEF10/27/19942.05%1.66$339,404,8396.51%6.63%72.37%46.15%26.22%1.74%0.570.59-0.02Analyze
MMDMainStay DefinedTerm Municipal Opportunities Fund CEF06/27/20122.11%1.59$434,067,4476.52%5.80%36.22%18.84%17.38%1.69%0.380.41-0.03Analyze
MHDBlackrock MuniHoldings Fund CEF05/27/19972.16%1.55$159,859,3736.39%6.46%70.45%46.15%24.30%1.61%0.460.59-0.13Analyze
MNPWestern Asset Municipal Partners Fund Inc. CEF01/25/19931.87%1.53$108,853,5066.99%5.84%69.76%46.15%23.61%1.57%0.500.59-0.09Analyze
MUEBlackrock MuniHoldings Quality Fund II CEF03/09/19992.20%1.62$218,901,7776.32%5.87%67.56%46.15%21.41%1.42%0.380.59-0.21Analyze
MUJBlackrock MuniHoldings New Jersey Quality Fund CEF03/12/19982.23%1.62$354,006,3756.33%5.77%65.85%46.15%19.70%1.31%0.470.59-0.13Analyze
MVTBlackrock MuniVest Fund II CEF10/27/19942.11%1.58$214,971,3146.56%6.76%65.65%46.15%19.50%1.29%0.530.59-0.06Analyze
MPABlackrock MuniYield Pennsylvania Quality Fund CEF10/27/19942.26%1.64$158,359,0495.52%6.51%65.61%46.15%19.46%1.29%0.570.59-0.03Analyze
NBHNeuberger Berman Intermediate Municipal Fund Inc. CEF09/25/20022.29%1.62$190,692,8206.68%5.41%65.11%46.15%18.96%1.26%0.340.59-0.25Analyze
NUWNuveen AMT-Free Municipal Value Fund CEF02/25/20090.81%1.07$235,701,0425.03%4.68%57.06%42.08%14.98%1.10%0.410.65-0.24Analyze
MYIBlackrock MuniYield Quality Fund III CEF04/21/19922.11%1.61$710,811,6035.88%6.21%62.24%46.15%16.09%1.07%0.490.59-0.11Analyze
NACNuveen California Quality Municipal Income Fund CEF05/26/19991.97%1.56$1,587,743,5975.65%6.01%61.94%46.15%15.79%1.05%0.420.59-0.17Analyze
EOTEaton Vance National Municipal Opportunities Trust CEF05/27/20090.96%1.07$257,029,9504.53%5.03%52.97%39.25%13.72%1.03%0.360.61-0.25Analyze
MUCBlackrock MuniHoldings California Quality Fund CEF03/02/19982.29%1.67$440,366,6676.15%5.67%60.90%45.89%15.01%1.00%0.410.59-0.18Analyze
BTABlackrock Long-Term Municipal Advantage Trust CEF02/24/20062.33%1.62$132,112,1066.65%13.87%59.54%45.89%13.65%0.90%0.440.59-0.16Analyze
MVFBlackrock MuniVest Fund CEF02/22/19902.16%1.55$430,513,5036.05%7.15%59.30%46.15%13.15%0.87%0.540.59-0.06Analyze
FMNFederated Premier Municipal Income Fund CEF12/20/20021.91%1.66$118,890,2615.76%5.92%58.75%45.89%12.86%0.85%0.350.59-0.25Analyze
MYDBlackrock MuniYield Fund CEF12/19/19912.00%1.56$466,095,0596.28%6.69%58.56%46.15%12.41%0.82%0.500.59-0.10Analyze
BYMBlackrock Municipal Income Quality Trust CEF10/29/20022.23%1.59$289,676,8156.14%5.67%58.21%46.15%12.06%0.80%0.380.59-0.21Analyze
NQPNuveen Pennsylvania Quality Municipal Income Fund CEF02/21/19912.05%1.59$410,095,2625.48%5.93%58.19%46.15%12.04%0.80%0.470.59-0.12Analyze
NXCNuveen California Select Tax-Free Income Portfolio CEF06/19/19920.33%1.00$83,200,3503.75%4.93%57.85%45.86%11.99%0.79%0.480.59-0.11Analyze
NMSNuveen Minnesota Quality Municipal Income Fund CEF10/08/20142.40%1.69$69,585,2135.01%4.62%18.47%12.20%6.27%0.78%0.230.39-0.16Analyze
NPVNuveen Virginia Quality Municipal Income Fund CEF10/27/19942.07%1.56$221,961,5354.63%5.35%57.84%46.15%11.69%0.77%0.480.59-0.11Analyze
BKNBlackrock Investment Quality Municipal Trust CEF02/23/19932.12%1.66$215,166,9556.52%6.31%57.42%45.89%11.53%0.76%0.470.59-0.12Analyze
NOMNuveen Missouri Quality Municipal Income Fund CEF08/18/19952.54%1.57$26,066,5193.85%5.30%60.24%48.77%11.47%0.76%0.470.59-0.12Analyze
NUONuveen Ohio Quality Municipal Income Fund CEF10/17/19911.94%1.54$215,224,2214.80%5.56%57.52%46.15%11.37%0.75%0.480.59-0.12Analyze
NXJNuveen New Jersey Quality Municipal Income Fund CEF09/05/20011.78%1.49$456,727,1256.00%5.72%57.15%46.15%11.00%0.73%0.400.59-0.19Analyze
NCANuveen California Municipal Value Fund CEF10/07/19870.56%1.01$273,308,1583.61%5.26%56.66%45.86%10.80%0.72%0.540.59-0.05Analyze
NXPNuveen Select Tax-Free Income Portfolio CEF03/19/19920.27%1.00$216,174,3294.10%5.10%56.38%46.15%10.23%0.68%0.570.59-0.03Analyze
NBWNeuberger Berman California Intermediate Municipal Fund CEF09/25/20022.70%1.65$58,285,9625.05%4.98%56.24%46.15%10.09%0.67%0.340.59-0.25Analyze
DMFDreyfus Municipal Income, Inc. CEF11/25/19911.18%1.31$124,712,2965.72%7.10%55.80%46.15%9.65%0.64%0.430.59-0.16Analyze
VFLDelaware Investments National Municipal Income Fund CEF08/18/19951.97%1.45$228,218,4094.91%6.04%55.55%46.15%9.40%0.62%0.480.59-0.11Analyze
NMINuveen Municipal Income Fund CEF12/16/19880.79%1.00$87,300,9653.62%5.56%54.84%46.15%8.69%0.58%0.490.59-0.10Analyze
MYNBlackrock MuniYield New York Quality Fund CEF03/16/19922.19%1.63$373,301,4876.00%6.01%54.52%46.15%8.37%0.55%0.450.59-0.14Analyze
MHNBlackrock MuniHoldings New York Quality Fund CEF09/22/19972.36%1.64$305,093,8256.21%5.88%54.49%46.15%8.34%0.55%0.410.59-0.18Analyze
MUIBlackrock Muni Intermediate Duration Fund CEF07/30/20032.17%1.63$415,897,4495.90%5.59%53.67%46.15%7.52%0.50%0.410.59-0.18Analyze
VPVInvesco Pennsylvania Value Municipal Income Trust CEF10/27/19942.37%1.58$230,002,7595.86%6.27%53.43%46.15%7.28%0.48%0.500.59-0.10Analyze
LEODreyfus Strategic Municipals, Inc. CEF01/02/20011.37%1.32$378,235,3536.01%11.46%53.08%46.15%6.93%0.46%0.420.59-0.17Analyze
DTFDTF Tax-Free Income CEF11/15/19912.29%1.60$94,580,4564.35%5.53%52.91%46.15%6.76%0.45%0.470.59-0.12Analyze
NANNuveen New York Quality Municipal Income Fund CEF05/26/19992.10%1.57$323,013,4465.60%5.72%51.64%46.15%5.49%0.36%0.400.59-0.19Analyze
SBIWestern Asset Intermediate Muni Fund Inc. CEF03/17/19921.56%1.33$103,505,0154.43%5.50%51.27%46.15%5.12%0.34%0.520.59-0.08Analyze
BLEBlackrock Municipal Income Trust II CEF07/26/20022.31%1.64$235,527,9706.68%6.22%51.03%46.15%4.88%0.32%0.360.59-0.23Analyze
NUVNuveen Municipal Value Fund, Inc. CEF06/17/19870.52%1.02$1,755,801,8943.95%5.93%50.31%46.15%4.16%0.28%0.660.590.07Analyze
DSMDreyfus Strategic Municipal Bond Fund, Inc. CEF01/11/19901.28%1.57$279,725,7526.28%6.73%49.98%46.15%3.83%0.25%0.460.59-0.13Analyze
NMTNuveen Massachusetts Quality Municipal Income Fund CEF10/27/19942.13%1.54$99,106,0204.74%5.51%49.21%45.89%3.32%0.22%0.500.59-0.09Analyze
BTTBlackrock Municipal 2030 Target Term Trust CEF08/29/20121.76%1.55$1,446,774,3173.61%3.94%18.73%16.69%2.04%0.20%0.250.39-0.14Analyze
VGMInvesco Trust for Investment Grade Municipals CEF02/19/19922.20%1.68$507,611,2206.41%6.63%47.83%46.15%1.68%0.11%0.490.59-0.10Analyze
NIMNuveen Select Maturities Municipal Fund CEF10/27/19940.58%1.01$110,276,8492.91%4.88%47.73%46.15%1.58%0.10%0.480.59-0.11Analyze
NXNNuveen New York Select Tax-Free Income Portfolio CEF06/19/19920.43%1.00$43,527,0743.46%4.79%49.94%48.36%1.58%0.10%0.460.59-0.13Analyze
CXHMFS Investment Grade Municipal Trust CEF06/30/19892.33%1.58$61,311,9495.39%6.45%46.96%45.89%1.07%0.07%0.460.59-0.13Analyze
NNYNuveen New York Municipal Value Fund CEF10/07/19870.60%1.02$154,110,1843.41%5.47%47.01%46.15%0.86%0.06%0.610.590.01Analyze
MUBiShares National Muni Bond ETF09/07/20070.07%1.00$27,306,796,0001.84%2.77%46.15%46.15%0.00%0.00%0.590.590.00Analyze
NIQNuveen Intermediate Duration Quality Municipal Term Fund CEF02/08/20131.41%1.35$156,531,4733.78%3.68%14.25%14.83%-0.58%-0.06%0.240.38-0.15Analyze
VKIInvesco Advantage Municipal Income Trust II CEF08/18/19952.25%1.68$360,576,8826.70%6.81%45.11%46.15%-1.04%-0.07%0.460.59-0.13Analyze
EVNEaton Vance Municipal Income Trust CEF01/27/19991.33%1.53$387,548,1835.82%6.41%44.93%46.15%-1.22%-0.08%0.370.59-0.23Analyze
PMLPIMCO Municipal Income Fund II CEF06/26/20021.30%1.87$599,633,9187.30%6.21%44.58%46.15%-1.57%-0.10%0.340.59-0.25Analyze
VMOInvesco Municipal Opportunity Trust CEF06/04/19922.21%1.68$614,384,6316.52%6.58%43.95%46.15%-2.20%-0.15%0.470.59-0.12Analyze
VKQInvesco Municipal Trust CEF11/21/19912.24%1.66$505,766,5986.37%6.49%43.27%46.15%-2.88%-0.19%0.430.59-0.17Analyze
NRKNuveen New York AMT-Free Quality Municipal Income Fund CEF11/22/20022.13%1.60$856,650,6855.80%5.17%42.70%46.15%-3.45%-0.23%0.320.59-0.27Analyze
IQIInvesco Quality Municipal Income Trust CEF10/27/19942.13%1.59$482,829,0676.26%7.04%42.41%46.15%-3.74%-0.25%0.550.59-0.04Analyze
PMFPIMCO Municipal Income Fund CEF06/27/20011.37%1.85$253,084,0586.67%6.28%42.01%46.15%-4.14%-0.27%0.320.59-0.27Analyze
BFKBlackrock Municipal Income Trust CEF07/27/20010.62%1.64$429,102,4786.81%6.22%41.99%46.15%-4.16%-0.28%0.330.59-0.26Analyze
NBONeuberger Berman New York Intermediate Municipal Fund CEF09/25/20022.69%1.67$46,966,1075.02%4.97%41.92%46.66%-4.74%-0.31%0.280.59-0.32Analyze
VTNInvesco Trust For Investment Grade New York Municipals CEF05/13/19922.34%1.56$186,285,9595.56%6.28%40.43%46.15%-5.72%-0.38%0.440.59-0.16Analyze
BFZBlackrock California Municipal Income Trust CEF07/27/20012.41%1.62$325,636,8264.97%5.72%39.96%46.15%-6.19%-0.41%0.360.59-0.23Analyze
PNFPIMCO New York Municipal Income Fund CEF06/27/20011.55%1.90$67,076,6875.75%5.84%39.27%46.15%-6.88%-0.46%0.280.59-0.31Analyze
CEVEaton Vance California Municipal Income Trust CEF01/27/19992.78%1.58$68,482,3205.64%5.69%39.55%46.66%-7.11%-0.47%0.330.59-0.27Analyze
EIMEaton Vance Municipal Bond Fund CEF08/28/20022.00%1.70$696,506,8215.60%6.00%38.90%46.15%-7.25%-0.48%0.350.59-0.24Analyze
NKGNuveen Georgia Quality Municipal Income Fund CEF09/26/20022.19%1.54$99,318,2145.32%4.82%37.56%46.15%-8.59%-0.57%0.270.59-0.33Analyze
BHVBlackrock Virginia Municipal Bond Trust CEF04/26/20022.72%1.65$18,584,5734.72%4.87%34.75%45.89%-11.14%-0.74%0.300.59-0.30Analyze
BNYBlackrock New York Municipal Income Trust CEF07/27/20012.45%1.70$126,906,0046.16%5.80%34.94%46.15%-11.21%-0.74%0.350.59-0.25Analyze
VCVInvesco California Value Municipal Income Trust CEF10/27/19942.16%1.62$430,535,8116.08%6.40%31.20%46.15%-14.95%-0.99%0.470.59-0.13Analyze
OIAInvesco Municipal Income Opportunities Trust CEF10/05/19881.20%1.29$278,947,1226.07%6.52%28.76%46.15%-17.39%-1.15%0.450.59-0.14Analyze
EVMEaton Vance California Municipal Bond Fund CEF08/28/20022.16%1.70$212,701,8255.40%5.92%28.54%46.15%-17.61%-1.17%-0.020.59-0.62Analyze
PMXPIMCO Municipal Income Fund III CEF10/29/20021.39%1.85$256,887,6327.03%6.37%27.44%46.15%-18.71%-1.24%0.270.59-0.32Analyze
ENXEaton Vance New York Municipal Bond Fund CEF08/28/20022.16%1.53$153,099,5844.89%5.38%25.71%46.15%-20.44%-1.35%0.250.59-0.34Analyze
PNIPIMCO New York Municipal Income Fund II CEF06/26/20021.63%1.85$87,494,0866.22%6.01%23.89%46.15%-22.26%-1.48%0.250.59-0.35Analyze
PZCPIMCO California Municipal Income Fund III CEF10/29/20021.65%1.92$163,104,5356.25%6.10%17.47%46.15%-28.68%-1.90%0.240.59-0.36Analyze
PYNPIMCO New York Municipal Income Fund III CEF10/29/20021.83%1.95$39,173,6806.25%5.87%13.13%46.15%-33.02%-2.19%0.200.59-0.39Analyze
PCKPIMCO California Municipal Income Fund II CEF06/26/20021.49%1.88$205,668,9026.00%6.40%7.64%45.89%-38.25%-2.54%0.220.59-0.37Analyze
NEVNuveen Enhanced Municipal Value Fund CEF09/25/20091.14%1.33$312,125,3510.00%0.00%0.00%0.00%0.00%0.00%0.000.000.00Analyze
TOTAL90

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