- NEA invests in investment-grade municipal bonds exempt from federal income taxes and the alternative minimum tax.
- The fund has hiked its distribution monthly distribution twice this year and currently yields 4.7% based on its actively managed strategy and use of leverage.
- We highlight NEA's strong total return performance record which has outperformed muni bond benchmarks.
- The fund is a good option as a long-term holding for exposure to munis in the context of a diversified portfolio.
For further details see:
NEA: Outperformer With A 4.7% Yield Is A Benchmark For Muni Bond Investors