I don't like any bond funds. Most anyone that is interested in a muni bond fund is looking for security as they give up some yield. I say why take the risk on the fund management and their fees and buy the muni bond itself and hold till maturity. I think the same for all bond funds. Many think you can't lose money in a bond fund, but you can.
Now muni bonds. I do not follow them as I have no interest in them. I would imagine with rates as low as they are that one could lose buying now if rates were to go up. Of course you don't lose if you hold to maturity. I thought any one looking at the tax benefits over other bonds was down to spliting hairs. With the risk in them I think I would just buy a treasury.
That said, on a call in radio show this weekend someone asked about a muni ETf that was selling for a 15% discount to NAV. I did not catch the symbol. The "experts' said if it has that kind if discount to NAV there must be something wrong.
I would be interested in what muni fund you are looking at. Got a symbol?
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