[闲谈] 听说过muni closed end fund

Rank: 16

性别: 男
来自: 米地乌托邦

股神 I 活力新人二级时尚达人 VIP中级贡献会员

2^#

发表于 2014-10-26 15:47 | 只看该作者

吗？不知谁了解这个

Pimco有
not4weak 发表于 2014-10-26 15:18

very low return----
PIMCO: MUNI
iSHARES: MUB

not4weak

超级版主

Rank: 18

VIP初级贡献会员股版虎威勋章精华帖主 VIP中级贡献会员

3^#

发表于 2014-10-26 16:11 | 只看该作者

回复 2# tianfangye

啊，果然有人知道！天方老大，MCA是吗？ - this is muni?

How about PCI? Corp. and structure products.

Rank: 8 Rank: 8

股神II 股神III 股神 I

4^#

发表于 2014-10-26 17:00 | 只看该作者

本帖最后由 qzhou3 于 2014-10-26 17:03 编辑

回复 3# not4weak

MCI 好像是. PCI is not.
I have a few: NMZ, NUM and HYD. The yield is around 5.5-6.2%, no federal tax. NUM = Nuveen Michigan Quality Income Municipal Fund.
NMZ= Nuveen Municipal High Income Opportunity Fund; HYD = Market Vectors® High-Yield Municipal Index ETF
I had Nuveen Arizona Premium Income Municipal (NAZ) before but sold when it got to $14.0.

鲜花鸡蛋赠送记录

Rank: 8 Rank: 8

股神II 股神III 股神 I

5^#

发表于 2014-10-26 17:12 | 只看该作者

BTW, all of the above funds pay monthly...
Nuveen has a whole bunch of them including many states like New Jersey, Texas and Ohio, etc. Somehow NAZ (Arizoma) is popular. I bought it when it was 12.7, and it increased to 14; I got scared so sold it.
PIMCO "build america" one did really really well! But it closed automatically when the bond king left a few weeks ago...

Rank: 16

性别: 男
来自: 米地乌托邦

股神 I 活力新人二级时尚达人 VIP中级贡献会员

6^#

发表于 2014-10-26 17:17 | 只看该作者

回复 5# qzhou3

very good summery。

BTW, PIMCO'S highyield fund PHK is A good ONE ALSO.

Rank: 16

性别: 男
来自: 米地乌托邦

股神 I 活力新人二级时尚达人 VIP中级贡献会员

7^#

发表于 2014-10-26 17:18 | 只看该作者

回复 3# not4weak

qzhou3's posts are better ansers.

not4weak

超级版主

Rank: 18

VIP初级贡献会员股版虎威勋章精华帖主 VIP中级贡献会员

8^#

发表于 2014-10-26 17:18 | 只看该作者

回复 4# qzhou3

你说MCA 不是MCI， TYPO？

这些的管理费如何？那个5.5 - 6.2% 应该刨去了手续费了吧？

Rank: 8 Rank: 8

股神II 股神III 股神 I

9^#

发表于 2014-10-26 17:41 | 只看该作者

本帖最后由 qzhou3 于 2014-10-26 17:42 编辑

回复 8# not4weak

Yes, the yield is real yield after adm fee, for instance, each month the dividend for NMZ is 0.076, and I receive dividend (=number of shares X dividend rate ) without any other deduction. I just checked...

Rank: 8 Rank: 8

股神II 股神III 股神 I

10^#

发表于 2014-10-26 17:46 | 只看该作者

回复 qzhou3

very good summery。

BTW, PIMCO'S highyield fund PHK is A good ONE ALSO.
tianfangye 发表于 2014-10-26 17:17

Yes, PHK looks great! It is not tax efficient so I did not pick it... I will consider it now when the price is at a safe level

Rank: 16

性别: 男
来自: 米地乌托邦

股神 I 活力新人二级时尚达人 VIP中级贡献会员

11^#

发表于 2014-10-26 17:52 | 只看该作者

Yes, PHK looks great! It is not tax efficient so I did not pick it... I will consider it now whe ...
qzhou3 发表于 2014-10-26 17:46

good for ruth OR IRA/401K，BUT still need T900 IRS report if DIV 》$1000