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OK, good! And to clarify... muni and other target-term closed-end funds and ETF's change their composition a bit as they prepare to liquidate. From the list of four funds I shared, one liquidated in 2018 (ooops), one has a year or two to go and is made up of mostly bonds but those funds that have less than a year to liquidation will start replacing maturing (or, heaven forbid, defaulted) bonds with something high grade and liquid like US Treasury bills or investment grade corporates. Normally, a fund without a term date won't do something like that.

Oh and I believe iShares and/or Invesco have target-term line ups with muni ETF's. Here is one: IBMK. Note that the ER is only 0.18%. Doubt you'll find CEF's that are that "cheap". The advantage of CEF's is potential discount to NAV and often higher yielding but lower grade securities plus extra "juice" by way of derivatives, lending, etc. That little extra can go either way: sometimes you get extra bump in returns but other times it can turns things upside down.
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