Michael Blann/DigitalVision via Getty Images Welcome to another installment of our CEF Market Weekly Review, where we discuss closed-end fund ("CEF") market activity from both the bottom-up – highlighting individual fund news and events – as well as the top-down – providing an overview of the broader market. We also try to provide some historical context as well as the relevant themes that look to be driving markets or that investors ought to be mindful of. This update covers the period through the first we ...

Background stock market and finance economic MarsYu CEFA: Welcome to CEF Insights, your source for closed-end fund information and education, brought to you by the Closed-End Fund Association. Today we are joined by David Leggette, Lead Product Strategist and Head of Investor Relations with CBRE Investment Management, a leading investment manager of global real assets. CBRE is sub-advisor to the MainStay CBRE Global Infrastructure Megatrends Fund, ticker NYSE:MEGI, and New York Life Investment Management is ...

Jacobs Stock Photography Ltd Welcome to another installment of our CEF Market Weekly Review, where we discuss closed-end fund ("CEF") market activity from both the bottom-up - highlighting individual fund news and events - as well as the top-down - providing an overview of the broader market. We also try to provide some historical context as well as the relevant themes that look to be driving markets or that investors ought to be mindful of. This update covers the period through the fourth week of July. Be ...

Systematic Income On a weekly basis, it was less unusual. TOTAL CEF WEEKLY VOLUME (Ms shares) 1000 800 600 400 200 7016 2018 7020 2022 702A date Systematic Income MUNICIPAL CEF SECTOR NAV TREND 100 l 8 ද 90 85 80 75 2022.01 2022-11 Q date Systematic Income CEFs which are particularly susceptible to forced deleveraging are those with leverage limits (above and beyond the regulatory ones) as well as those with very high-beta such as MLPs, CLO Equity funds and others. that the NAVs significantly lag the bounce ...

peepo/E+ via Getty Images Income assets and the broader financial market have zoomed higher over the last while. Across the income sectors we track, only local EM debt is in the red year-to-date, a YTD RTN 20.00% 15.00% 10.00% 5.00% 0.00% -5.00% Systematic Income Because we follow a countercyclical value-based approach to our allocation (we reduce risk exposure when compensation for taking risk is low, such as now and vice versa), we have had to cull some high-flyers in our Income Portfolios. This includes ...

the program 0 t H 11 H 1 T F 日报 Seeking Alpha As shown, shareholders of the Bexil Investment Trust have realized a 93.90% total return over the past ten years. This is still nowhere near as good as the total return of the S&P 500 Index, but it is much better than the loss that was implied by the price performance alone. In other words, investors who reinvested all the distributions paid by this fund over the period would have roughly doubled their money. The fact that the fund's total return has been so muc ...

Fixed-income CEF sector discounts are now firmly on the expensive side, in aggregate, while equity CEF sector discounts are still somewhat cheap. MEDIAN SECTOR DISCOUNTS 0.0% -2.0% -4.0% -6.0% -8.0% -10.0% -12.0% -14.0% 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 Systematic Income Anticipated Tender Offer Dates for the Funds While BlackRock's nominees for BIGZ have the following, lower, vote tallies. Systematic Income CEF Tool Market Action Systematic Income BlackRock's message was that Saba's pr ...

getty Gabelli Dividend & Income Trust (GDV) Notice that many of these stocks don't come close to meeting our yield requirements. But GDV comes a lot closer, delivering a nearly 6% yield currently—and it pays us monthly, too! MainStay CBRE Global Infrastructure Megatrends Term Fund (MEGI) Another term fund with a wildly different aim is the BlackRock Health Sciences Trust II (BMEZ). Unlike some of the other CEFs mentioned here, BMEZ's sky-high yield doesn't come from leverage—it comes from the fund's ability ...

Wasan Tita Market Action MTD SECTOR PRICE RETURNS NAV DISCOUNT 4.0% 3.0% 2.0% 1.0% 0.0% −1.0% -2.0% -3.0% lunicipal CA quity - EM tment Grad EM Del inicipal Stat eal Esta obal Incon Municip ted Durati pal Taxal Fixed-income sector discounts continue to trade tighter than their equity counterparts. Systematic Income Sector Discounts Municipal Limited Duration Loans 0.00% -5.00 -10.00% -15.00% -20.00% 2016-01-01 2018-01-01 2020-01-01 2022-01-01 2024-01-01 The credit CEF swirlogram shows that we continue to in ...

Masisyan/iStock via Getty Images Market Action CEF discounts have continued to creep tighter, now trading not far off their longer-term average level. Market Themes Blackstone hiked the distribution of their loan CEF BGB by 9% to $0.101. The fund's distribution has been all over the place. It rose to $0.102 from $0.094 late last year then promptly fell back to $0.094 and is now back above $0.1. The fund declares its 3 monthly distributions each quarter to roughly match recent average monthly net income. Giv ...