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
PMOPutnam Municipal Opportunities Trust CEF10/27/19941.12%1.48$389,191,5175.57%6.64%87.83%48.63%39.20%2.65%0.650.650.01Analyze
NMSNuveen Minnesota Quality Municipal Income Fund CEF10/08/20142.40%1.69$85,052,4504.25%4.66%34.24%14.48%19.76%2.56%0.450.50-0.05Analyze
MMUWestern Asset Managed Municipals Fund Inc. CEF07/17/19921.68%1.42$446,688,8655.41%6.41%85.79%48.63%37.16%2.51%0.600.65-0.05Analyze
MMDMainStay DefinedTerm Municipal Opportunities Fund CEF06/27/20122.11%1.59$482,207,3425.70%5.81%46.19%21.12%25.07%2.50%0.530.490.04Analyze
KTFDeutsche Municipal Income Trust CEF06/30/19891.88%1.50$353,138,3775.51%6.66%85.06%48.63%36.43%2.46%0.540.65-0.10Analyze
IIMInvesco Value Municipal Income Trust CEF10/27/19942.05%1.61$579,412,4846.15%6.20%83.02%48.63%34.39%2.32%0.620.65-0.03Analyze
PCQPIMCO California Municipal Income Fund CEF06/27/20011.60%1.94$285,632,6035.10%5.98%82.43%48.63%33.80%2.28%0.490.65-0.15Analyze
MIYBlackrock MuniYield Michigan Quality Fund CEF10/27/19942.16%1.64$387,179,5414.96%6.53%81.75%48.63%33.12%2.24%0.640.65-0.01Analyze
MQTBlackrock MuniYield Quality Fund II CEF10/27/19942.10%1.66$255,807,8225.73%7.04%81.02%48.63%32.39%2.19%0.600.65-0.04Analyze
MQYBlackrock MuniYield Quality Fund CEF10/27/19942.05%1.66$372,884,5926.09%6.65%79.16%48.63%30.53%2.06%0.610.65-0.04Analyze
NKXNuveen California AMT-Free Quality Municipal Income Fund CEF09/04/20012.24%1.58$579,748,0755.49%5.25%78.35%48.63%29.72%2.01%0.430.65-0.22Analyze
MHDBlackrock MuniHoldings Fund CEF05/27/19972.16%1.55$179,184,5945.76%6.47%77.32%48.63%28.69%1.94%0.490.65-0.15Analyze
NAZNuveen Arizona Quality Municipal Income Fund CEF10/27/19941.94%1.57$149,181,1834.68%5.70%73.66%48.63%25.03%1.69%0.540.65-0.11Analyze
MNPWestern Asset Municipal Partners Fund Inc. CEF01/25/19931.87%1.53$115,948,4226.61%5.86%73.52%48.63%24.89%1.68%0.520.65-0.12Analyze
MUEBlackrock MuniHoldings Quality Fund II CEF03/09/19992.20%1.62$236,693,1775.90%5.88%71.87%48.63%23.24%1.57%0.410.65-0.24Analyze
MVTBlackrock MuniVest Fund II CEF10/27/19942.11%1.58$236,276,6976.20%6.78%71.49%48.63%22.86%1.54%0.560.65-0.09Analyze
NBHNeuberger Berman Intermediate Municipal Fund Inc. CEF09/25/20022.29%1.62$205,239,3267.04%5.42%70.58%48.63%21.95%1.48%0.380.65-0.27Analyze
MUJBlackrock MuniHoldings New Jersey Quality Fund CEF03/12/19982.23%1.62$381,446,3925.92%5.78%70.28%48.63%21.65%1.46%0.490.65-0.16Analyze
MYIBlackrock MuniYield Quality Fund III CEF04/21/19922.11%1.61$774,873,2435.38%6.22%68.28%48.63%19.65%1.33%0.520.65-0.13Analyze
MPABlackrock MuniYield Pennsylvania Quality Fund CEF10/27/19942.26%1.64$166,103,4215.29%6.53%68.03%48.63%19.40%1.31%0.580.65-0.06Analyze
BTABlackrock Long-Term Municipal Advantage Trust CEF02/24/20062.33%1.62$146,612,2155.96%14.01%67.20%48.63%18.57%1.25%0.460.65-0.19Analyze
MUCBlackrock MuniHoldings California Quality Fund CEF03/02/19982.29%1.67$465,788,2075.68%5.68%66.10%48.63%17.47%1.18%0.440.65-0.21Analyze
NUWNuveen AMT-Free Municipal Value Fund CEF02/25/20090.81%1.07$245,215,2504.79%4.71%60.54%44.85%15.69%1.18%0.450.72-0.27Analyze
MVFBlackrock MuniVest Fund CEF02/22/19902.16%1.55$467,470,2355.49%7.17%65.35%48.63%16.72%1.13%0.570.65-0.08Analyze
MYDBlackrock MuniYield Fund CEF12/19/19912.00%1.56$503,607,7405.83%6.70%64.44%48.63%15.81%1.07%0.530.65-0.12Analyze
NACNuveen California Quality Municipal Income Fund CEF05/26/19991.97%1.56$1,661,558,4775.50%6.03%64.11%48.63%15.48%1.04%0.440.65-0.21Analyze
NXJNuveen New Jersey Quality Municipal Income Fund CEF09/05/20011.78%1.49$497,795,2325.68%5.74%63.85%48.63%15.22%1.03%0.450.65-0.20Analyze
NQPNuveen Pennsylvania Quality Municipal Income Fund CEF02/21/19912.05%1.59$434,768,2675.42%5.95%62.90%48.63%14.27%0.96%0.490.65-0.16Analyze
BYMBlackrock Municipal Income Quality Trust CEF10/29/20022.23%1.59$324,004,9705.71%5.68%62.83%48.63%14.20%0.96%0.420.65-0.23Analyze
DMFDreyfus Municipal Income, Inc. CEF11/25/19911.18%1.31$136,540,2515.59%7.12%62.18%48.63%13.55%0.91%0.460.65-0.19Analyze
BKNBlackrock Investment Quality Municipal Trust CEF02/23/19932.12%1.66$229,259,3596.04%6.32%62.08%48.63%13.45%0.91%0.500.65-0.15Analyze
NUONuveen Ohio Quality Municipal Income Fund CEF10/17/19911.94%1.54$226,580,7334.78%5.57%61.69%48.63%13.06%0.88%0.500.65-0.15Analyze
FMNFederated Premier Municipal Income Fund CEF12/20/20021.91%1.66$124,196,7925.86%5.95%61.37%48.63%12.74%0.86%0.360.65-0.28Analyze
EOTEaton Vance National Municipal Opportunities Trust CEF05/27/20090.96%1.07$257,463,9814.49%5.06%52.73%41.72%11.01%0.84%0.370.68-0.30Analyze
MHNBlackrock MuniHoldings New York Quality Fund CEF09/22/19972.36%1.64$331,867,3655.94%5.89%60.45%48.63%11.82%0.80%0.440.65-0.20Analyze
MYNBlackrock MuniYield New York Quality Fund CEF03/16/19922.19%1.63$403,189,3585.81%6.03%60.27%48.63%11.64%0.79%0.480.65-0.17Analyze
NXCNuveen California Select Tax-Free Income Portfolio CEF06/19/19920.33%1.00$83,083,0093.62%4.95%60.23%48.63%11.60%0.78%0.490.65-0.15Analyze
NANNuveen New York Quality Municipal Income Fund CEF05/26/19992.10%1.57$357,566,9385.08%5.73%59.63%48.63%11.00%0.74%0.450.65-0.20Analyze
NBWNeuberger Berman California Intermediate Municipal Fund CEF09/25/20022.70%1.65$60,894,9535.23%4.99%58.81%48.63%10.18%0.69%0.370.65-0.28Analyze
MUIBlackrock Muni Intermediate Duration Fund CEF07/30/20032.17%1.63$448,449,2755.47%5.60%58.54%48.63%9.91%0.67%0.450.65-0.20Analyze
VFLDelaware Investments National Municipal Income Fund CEF08/18/19951.97%1.45$50,356,2974.70%6.06%58.26%48.63%9.63%0.65%0.510.65-0.14Analyze
NCANuveen California Municipal Value Fund CEF10/07/19870.56%1.01$281,088,5843.45%5.27%58.25%48.63%9.62%0.65%0.550.65-0.10Analyze
NOMNuveen Missouri Quality Municipal Income Fund CEF08/18/19952.54%1.57$29,683,1894.07%5.32%57.88%48.63%9.25%0.62%0.470.65-0.18Analyze
NXPNuveen Select Tax-Free Income Portfolio CEF03/19/19920.27%1.00$223,137,0004.05%5.12%56.68%48.63%8.05%0.54%0.580.65-0.07Analyze
NMINuveen Municipal Income Fund CEF12/16/19880.79%1.00$83,490,7733.60%5.58%56.52%48.63%7.89%0.53%0.500.65-0.15Analyze
BTTBlackrock Municipal 2030 Target Term Trust CEF08/29/20121.76%1.55$1,561,698,3983.37%3.96%23.98%18.94%5.04%0.51%0.320.47-0.14Analyze
DTFDTF Tax-Free Income CEF11/15/19912.29%1.60$100,288,4624.33%5.56%56.19%48.63%7.56%0.51%0.490.65-0.16Analyze
VPVInvesco Pennsylvania Value Municipal Income Trust CEF10/27/19942.37%1.58$241,393,2815.75%6.28%56.11%48.63%7.48%0.50%0.510.65-0.13Analyze
LEODreyfus Strategic Municipals, Inc. CEF01/02/20011.37%1.32$395,031,9895.92%11.52%55.98%48.63%7.35%0.50%0.450.65-0.20Analyze
SBIWestern Asset Intermediate Muni Fund Inc. CEF03/17/19921.56%1.33$112,236,0514.16%5.52%55.67%48.63%7.04%0.48%0.540.65-0.10Analyze
NMTNuveen Massachusetts Quality Municipal Income Fund CEF10/27/19942.13%1.54$105,259,3574.53%5.53%55.31%48.63%6.68%0.45%0.530.65-0.12Analyze
BLEBlackrock Municipal Income Trust II CEF07/26/20022.31%1.64$253,428,0966.49%6.23%54.95%48.63%6.32%0.43%0.390.65-0.26Analyze
VGMInvesco Trust for Investment Grade Municipals CEF02/19/19922.20%1.68$572,689,5825.96%6.64%54.39%48.63%5.76%0.39%0.530.65-0.12Analyze
DSMDreyfus Strategic Municipal Bond Fund, Inc. CEF01/11/19901.28%1.57$304,930,7235.83%6.74%53.97%48.63%5.34%0.36%0.480.65-0.16Analyze
NUVNuveen Municipal Value Fund, Inc. CEF06/17/19870.52%1.02$1,821,569,2973.79%5.95%53.09%48.63%4.46%0.30%0.680.650.03Analyze
CXHMFS Investment Grade Municipal Trust CEF06/30/19892.33%1.58$67,415,8135.20%6.47%52.82%48.63%4.19%0.28%0.490.65-0.15Analyze
VKIInvesco Advantage Municipal Income Trust II CEF08/18/19952.25%1.68$404,094,7826.22%6.83%51.41%48.63%2.78%0.19%0.500.65-0.15Analyze
NPVNuveen Virginia Quality Municipal Income Fund CEF10/27/19942.07%1.56$210,137,9184.96%5.37%51.14%48.63%2.51%0.17%0.470.65-0.18Analyze
NIMNuveen Select Maturities Municipal Fund CEF10/27/19940.58%1.01$114,372,8862.85%4.90%50.35%48.63%1.72%0.12%0.500.65-0.15Analyze
VMOInvesco Municipal Opportunity Trust CEF06/04/19922.21%1.68$675,081,2476.09%6.59%49.79%48.63%1.16%0.08%0.500.65-0.14Analyze
NRKNuveen New York AMT-Free Quality Municipal Income Fund CEF11/22/20022.13%1.60$941,268,9305.23%5.17%49.44%48.63%0.81%0.05%0.370.65-0.28Analyze
EVNEaton Vance Municipal Income Trust CEF01/27/19991.33%1.53$420,471,9285.38%6.43%49.44%48.63%0.81%0.05%0.390.65-0.26Analyze
MUBiShares National Muni Bond ETF09/07/20070.07%1.00$28,489,436,0001.90%2.79%48.63%48.63%0.00%0.00%0.650.650.00Analyze
NNYNuveen New York Municipal Value Fund CEF10/07/19870.60%1.02$03.27%5.49%48.63%48.63%0.00%0.00%0.620.65-0.02Analyze
PMLPIMCO Municipal Income Fund II CEF06/26/20021.30%1.87$653,116,4826.77%6.22%48.54%48.63%-0.09%-0.01%0.370.65-0.27Analyze
NXNNuveen New York Select Tax-Free Income Portfolio CEF06/19/19920.43%1.00$45,489,5213.54%4.80%48.16%48.63%-0.47%-0.03%0.460.65-0.19Analyze
BFKBlackrock Municipal Income Trust CEF07/27/20010.62%1.64$479,982,4156.47%6.23%47.93%48.63%-0.70%-0.05%0.370.65-0.28Analyze
PMFPIMCO Municipal Income Fund CEF06/27/20011.37%1.85$286,112,1546.00%6.29%47.78%48.63%-0.85%-0.06%0.350.65-0.30Analyze
VKQInvesco Municipal Trust CEF11/21/19912.24%1.66$545,608,1686.11%6.50%47.40%48.63%-1.23%-0.08%0.450.65-0.20Analyze
IQIInvesco Quality Municipal Income Trust CEF10/27/19942.13%1.59$520,905,4005.96%7.06%46.90%48.63%-1.73%-0.12%0.590.65-0.06Analyze
NIQNuveen Intermediate Duration Quality Municipal Term Fund CEF02/08/20131.41%1.35$164,652,7713.85%3.70%15.97%17.07%-1.10%-0.12%0.280.47-0.19Analyze
VTNInvesco Trust For Investment Grade New York Municipals CEF05/13/19922.34%1.56$206,941,0975.22%6.30%45.83%48.63%-2.80%-0.19%0.460.65-0.18Analyze
NKGNuveen Georgia Quality Municipal Income Fund CEF09/26/20022.19%1.54$112,213,9825.01%4.83%43.84%48.63%-4.79%-0.32%0.310.65-0.34Analyze
BFZBlackrock California Municipal Income Trust CEF07/27/20012.41%1.62$345,276,4014.68%5.74%43.13%48.63%-5.50%-0.37%0.380.65-0.26Analyze
EIMEaton Vance Municipal Bond Fund CEF08/28/20022.00%1.70$749,752,1775.46%6.02%42.87%48.63%-5.76%-0.39%0.380.65-0.27Analyze
NBONeuberger Berman New York Intermediate Municipal Fund CEF09/25/20022.69%1.67$48,438,5585.31%4.98%42.84%48.63%-5.79%-0.39%0.290.65-0.36Analyze
CEVEaton Vance California Municipal Income Trust CEF01/27/19992.78%1.58$73,047,8085.49%5.71%42.15%48.63%-6.48%-0.44%0.340.65-0.31Analyze
PNFPIMCO New York Municipal Income Fund CEF06/27/20011.55%1.90$72,320,7225.58%5.85%40.35%48.63%-8.28%-0.56%0.290.65-0.35Analyze
BNYBlackrock New York Municipal Income Trust CEF07/27/20012.45%1.70$139,209,9175.93%5.81%39.57%48.63%-9.06%-0.61%0.380.65-0.27Analyze
VCVInvesco California Value Municipal Income Trust CEF10/27/19942.16%1.62$481,778,6715.49%6.42%38.83%48.63%-9.80%-0.66%0.510.65-0.14Analyze
BHVBlackrock Virginia Municipal Bond Trust CEF04/26/20022.72%1.65$19,372,3274.53%4.89%36.78%48.63%-11.85%-0.80%0.320.65-0.33Analyze
PMXPIMCO Municipal Income Fund III CEF10/29/20021.39%1.85$291,265,0976.21%6.38%33.48%48.63%-15.15%-1.02%0.310.65-0.33Analyze
OIAInvesco Municipal Income Opportunities Trust CEF10/05/19881.20%1.29$303,700,1095.71%6.53%33.30%48.63%-15.33%-1.03%0.470.65-0.17Analyze
EVMEaton Vance California Municipal Bond Fund CEF08/28/20022.16%1.70$220,200,1275.35%5.94%30.84%48.63%-17.79%-1.20%-0.020.65-0.66Analyze
ENXEaton Vance New York Municipal Bond Fund CEF08/28/20022.16%1.53$163,064,6464.80%5.40%28.64%48.63%-19.99%-1.35%0.280.65-0.37Analyze
PNIPIMCO New York Municipal Income Fund II CEF06/26/20021.63%1.85$96,668,6575.69%6.03%27.88%48.63%-20.75%-1.40%0.270.65-0.38Analyze
PZCPIMCO California Municipal Income Fund III CEF10/29/20021.65%1.92$179,437,3635.67%6.11%21.81%48.63%-26.82%-1.81%0.260.65-0.38Analyze
PYNPIMCO New York Municipal Income Fund III CEF10/29/20021.83%1.95$45,055,4435.46%5.89%19.56%48.63%-29.07%-1.96%0.240.65-0.41Analyze
PCKPIMCO California Municipal Income Fund II CEF06/26/20021.49%1.88$221,736,7855.74%6.41%8.95%48.63%-39.68%-2.68%0.230.65-0.42Analyze
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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