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.
2 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 |
|---|---|---|---|---|---|---|---|---|---|---|
| BHV BlackRock Virginia Municipal Bond Trust | VA | 13.55% premium | +1.24 | 4.85% | 5.40% | — | — | — | $29.1M | -9.03% |
| NPV Nuveen Virginia Quality Municipal Income Fund | VA | 7.51% discount | -2.48 | 7.70% | 7.29% | — | 3.70% | — | $367M | -7.05% |
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)