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Morningstar, Inc. Commentaries

CEF Spotlight: Muni CEFs That Could Be Worth the Risk

Mar 14, 2014
Click here to access CEF Spotlight: Muni CEFs That Could Be Worth the Risk

With tax season upon us, many investors will soon assess their tax burdens for 2013 and promptly vow to increase the tax-efficiency of their portfolio. For taxable accounts, some will find themselves underwhelmed by the many low-yielding municipal-bond funds available to them. With this in mind, we're highlighting five Bronze-rated muni closed-end funds that are run by BlackRock and conduct identical strategies:  BlackRock MuniVest (MVF),  BlackRock MuniVest II (MVT),  BlackRock MuniYield (MYD),  BlackRock Municipal Income (BFK), and  BlackRock Municipal Income II (BLE). To be sure, these are high-octane muni funds, and are certainly not for every investor. But for the most aggressive, they are definitely worth a look.

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