This Day On The Street
Continue to site
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

These Funds Get Top Ratings, Top Returns

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

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

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
Stocks Under $10

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

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
Dividend Stock Advisor

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
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Real Money

More than 30 investing pros with skin in the game give you actionable insight and investment ideas.

Product Features:
  • Access to Jim Cramer's daily blog
  • Intraday commentary and news
  • Real-time trading forums
Only $49.95
14-Days Free
14-Days Free
RNY $0.00 0.00%
NCA $10.96 0.00%
NBW $16.25 0.00%
NXN $14.54 0.00%
NXC $16.16 0.00%


Chart of I:DJI
DOW 17,891.16 +117.52 0.66%
S&P 500 2,081.43 +16.13 0.78%
NASDAQ 4,817.5940 +42.2360 0.88%

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs