This Day On The Street
Continue to site right-arrow
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
Stocks Under $10 with 50-100% upside potential - 14 days FREE!

These Funds Get Top Ratings, Top Returns

Stocks in this article: ICS IQN NXC

Municipal-bond funds are not only the best performers, but another group of municipal-bond funds were also the most highly rated closed-end funds in February.

Instead of focusing on the short term, Ratings identified 10 muni closed-end funds with superior risk-adjusted returns over multiple time periods. All funds listed in this article scored A-plus ratings last month.

The best-rated closed-end fund, Morgan Stanley Insured California Municipal Securites (ICS), collects current income exempt from federal income tax. Some, but not all, of the securities held also are exempt from California income taxes. The fund will invest at least 80% of its net assets in a portfolio of municipal obligations covered by insurance guarantees on the timely payment of interest and principal.

As this is a closed-end fund, it can trade above or below the value of its underlying assets based on supply and demand for the shares. Currently, the fund is being offered at a 12.4% discount to its net asset value (NAV), a wider discount than the 7% average discount over the past year.

Of the best-rated closed-end funds, Morgan Stanley New York Quality Municipal Securities (IQN) is trading at the largest discount to its net assets, at 21% below NAV. The one-year average discount of 15.2% shows room for improvement.

The Morgan Stanley New York Quality Municipal Securities is a closed-end, non-diversified management investment company providing current income from high-quality municipal securities exempt from federal, New York state and New York city income taxes.

Nuveen California Select Tax-Free Income Portfolio (NXC) has an investment objective of providing stable dividends exempt from both regular federal income tax and California personal income tax, consistent with preservation of capital. The current discount to NAV of 8.8% appears attractive considering the one-year average discount of 2.4%.

1 of 2

Select the service that is right for you!

Action Alerts PLUS
Try it NOW

Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
  • Weekly roundups
TheStreet Quant Ratings
Try it NOW
Only $49.95/yr

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
  • Upgrade/downgrade alerts
Stocks Under $10
Try it NOW

David Peltier, uncovers low dollar stocks with extraordinary upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
  • Weekly roundups
Dividend Stock Advisor
Try it NOW

Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Alerts when market news affect the portfolio
  • Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
Real Money Pro
Try it NOW

All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.

Product Features:
  • Real Money + Doug Kass Plus 15 more Wall Street Pros
  • Intraday commentary & news
  • Ultra-actionable trading ideas
Options Profits
Try it NOW

Our options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • 100+ monthly options trading ideas
  • Actionable options commentary & news
  • Real-time trading community
  • Options TV
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!


DOW 17,804.80 +26.65 0.15%
S&P 500 2,070.65 +9.42 0.46%
NASDAQ 4,765.38 +16.9840 0.36%

Brokerage Partners

Rates from

  • Mortgage
  • Credit Cards
  • Auto

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs