The Fed Rate Hike Just Made These 4 Muni Funds a Smarter Buy Than MUB
After the Fed's rate hike, four leveraged national muni closed-end funds (NZF, NVG, NEA, MYI) sold off, offering tax-free yields near or above 8%. NZF has the highest yield at 8.49% and a 7.75% 12-month return. All funds have high expense ratios and leverage, making them sensitive to rate changes. Investors may consider rotating part of their MUB holdings into these funds for higher income.

