I am retired and 73 years old, where can you park

[progree]

33. Thanks much 😂 I just went to Vanguard.com (where I have an account)

and clicked on the "Invest" tab and then "Other Funds" and typed in the ticker EVM

https://investor.vanguard.com/search/?query=evm

and got:

Eaton Vance California Municipal Bond Fund (EVM)
3:10pm CDT 05/21/2021 Buy | Sell
$11.89 $0.04 0.34% AMERICAN STOCK EXCHANGE
Bid—ASE $11.65     Size 16 x 2
Ask—ASE $12.05     Volume 60,466
Open $11.83     Day range $11.83 - $11.89
Prev. Close $11.85     52-week range $10.70 - $12.05
Yield 4.24%

So it looks like I can buy it with no problem (though I'll probably buy their Minnesota fund, but I keep mentioning this California one because its the one I've been doing the deepest dive on so far).

They do talk some on EVM at Eaton Vance of using considerable leverage (which is a risk factor but I'm not opposed to that) and also some of the distribution being return of capital, but I don't see that on this fund as far as I've gotten into it -- looking at:

https://funds.eatonvance.com/california-municipal-bond-fund-evm.php

In the Performance tab I scrolled down to the "Tax Character of Distributions" table and only 2019 has some "nondividend distribution" that is trivial (0.02 out of 0.47 total distributions, and none such in earlier years), so it looks like other than that it's all regular tax-free regular dividend.

I'll read up in closed end funds first ... Nuveen seems to have a lot of basic explanation stuff https://www.nuveen.com/en-us/closed-end-funds/learn-more

Currently I have FIMIX Fidelity Minnesota Municipal Income Fund (an open ended fund) that is only yielding 1.95% in the April dividend (and just a bit over 2% in earlier dividends):

FIMIX - https://fundresearch.fidelity.com/mutual-funds/summary/316412303
Latest monthly dividend $0.019500232 at $12.09 reinvest price ==> 1.95% yield.

And for comparison, Fidelity's only California Municipal fund (that I saw at a quick look) yields 2.26% in the April dividend.

FCTFX Fidelity California Municipal Income Fund https://fundresearch.fidelity.com/mutual-funds/summary/316061209
Latest monthly dividend $0.0250 at $13.40 reinvest price ==> 2.26% yield