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Author: aleax Big gold star, 5000 posts Top Favorite Fools Global Fool Pro Community Winner Motley Fool One Everlasting Fool Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 35357  
Subject: Re: PR bonds in single state muni bond funds Date: 2/16/2014 5:35 PM
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That's right - and I'd venture to say that most, if not all, of the single-state muni funds hold a lot of Puerto Rican bonds - the reason being that the fund's holidngs are TAX-EXEMPT for your state - not always FROM your state.

Most definitely not "all" -- I own NKX (slightly-leveraged California muni closed-end-fund), and its exposure to Puerto Rico bonds is only 0.5% (half a percent of the fund's assets under management).

I believe this low level of exposure is common among Nuveen's closed end funds, both the leveraged and non-leveraged ones, though I haven't researched such funds for States other than the one in which I reside.
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