If you're one of these junkiest of junk CE bond funds they'll get killed when we have economic and market turbulence like what's going on with Europe or a market plunge. People want to rush into safety then.
We've been looking at Pimco PML muni bond for about 2 weeks trying to decide whether to buy or not. We have 15 CEFs that took a beating on 6 May, however; PML only dropped a few cents. That fund doesn't seem to fit in your group of funds that will get beat down in these volitile market conditions. We now feel certain we will buy PML shortly. Just our opinion. Good luck to you. retiredafe8