BGB - Term CEF Ladder #7: National Municipal Bond Funds

The first article in this series, which framed our investment objective and introduced the idea of a Term CEF Ladder, can be found here. We then covered Mortgage Bond, Senior Loan, and High-Yield CEFs. A discussion in the comments section of our HY CEF article prompted me to pen a second article on assorted Corporate Bond CEFs, which among other things compared the liquidation strategies of several CEFs with 2018 termination dates. Convertible bond and preferred stock funds were the next topic.

We now arrive at our final individual asset class, municipal