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Does anyone have any comments/suggestions about buying a Vanguard California muni-bond mutual fund (VCAIX Intermediate-Term or VCITX Long-Term California) as compared to a Blackrock “closed-end ETF” (BCL, BFZ, MCA, MUC, MYC)?

Hi Gromit,

I've had a number of Muni-CEF's for quite some time (63 and retired here). I'm quite pleased with them and add regularly. I have several AZ Muni-CEF's and a couple of Nat'l Muni-CEF's. The Nat'l ones have to pay state taxes, but can draw from all the states for their bonds.

I like the ability to buy and sell on the market as opposed to a mutual fund.

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