Municipal bond closed-end funds
Municipal bond funds pay interest that is usually exempt from federal income tax. Compare tax-equivalent yields, not headline rates.
4 funds in the current view. Municipal CEFs hold tax-exempt bonds and are typically leveraged; the distribution rate is not a tax-exempt yield — parts of a distribution can be taxable. Tax characteristics are shown only where a fund reports them.
Filters (1 active)
| Fund | State | Prem/discPrice vs. assets | Z (1y) | Rate (price)Payout rate | Rate (NAV)Payout rate on assets | LeverageBorrowing | ExpensesAnnual cost | NII coverageIncome covers payout | Net assetsFund size▲ | 1y NAV TR1y asset return |
|---|---|---|---|---|---|---|---|---|---|---|
| NNY Nuveen New York Municipal Value Fund | NY | 5.68% discount | -1.09 | 4.55% | 4.28% | — | — | — | $164M | -2.82% |
| PNI PIMCO New York Municipal Income Fund II | NY | 12.23% discount | -1.73 | 5.63% | 5.09% | — | — | — | $328M | -7.66% |
| NAN Nuveen New York Quality Municipal Income Fund | NY | 4.67% discount | -3.09 | 8.28% | 8.11% | — | 3.43% | — | $606M | -6.36% |
| NRK Nuveen New York AMT-Free Quality Municipal Income Fund | NY | 2.55% discount | +0.45 | 8.37% | 8.34% | — | 3.45% | — | $1.6B | -7.77% |
Tax-equivalent yield calculator
Educational only. Enter your own assumptions. The calculator does not apply to a fund’s whole distribution automatically, does not know your state, the alternative minimum tax, or the taxable portion of any fund’s distributions, and is not tax advice. Brackets are not hard-coded.
Tax-equivalent yield
5.26%
= 4.00% exempt ÷ (1 − 24%) + 0.00% taxable component (assumed fully taxable, no state treatment applied)