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Sweet Virginia: BlackRock Fund's a Winner

From the list of top closed-end funds, the standout is the BlackRock Virginia Muni Bond Trust.
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From the list of top-closed end funds, the standout is the

BlackRock Virginia Muni Bond Trust

(BHV) - Get BlackRock Virginia Municipal Bond Trust Report

, which as the name suggests, invests in investment-grade Virginia municipal bonds.

Municipal bonds are exempt from regular federal and Virginia income tax.

The one-month return of 4.03% and the three-month return of 11.12% rank well above most other closed-end offerings on our list.

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The closed-end universe shows that the bond market in the municipal sector still affords some opportunity, especially for wealthy investors who are more concerned with preserving their wealth and minimizing taxes than chasing growth of assets.

Sam Patel, CFA, is the manager of mutual fund research for the Ratings.

In keeping with TSC's Investment Policy, employees of Ratings with access to pre-publication ratings data must pre-clear any potential trade through the legal department, and are prohibited from trading any security that is the subject of an unpublished rating revision until the second business day after the rating is published.

While Patel cannot provide investment advice or recommendations, he appreciates your feedback;

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