PHK: The Little Fund That Could
Few people would call the PIMCO High Income Fund (PHK) “little” given its $1bn of total managed assets. However, it’s little in one regard – it runs at one of …
PFD: It’s a Mad Mad Mad World
The Flaherty And Crumrine Preferred Income Fund (PFD) has skyrocketed to a 29% premium – the second highest in the CEF space. It’s just truly truly bizarre especially when there …
UTG: Nope, still not a quality fund
Some may say CEF quality is in the eye of the beholder but they would be wrong. A fund that underperforms a straight-up dumb passive ETF (XLU) over various time …
PIM: Say It Ain’t So Mr. Putnam
Holders of the Putnam Master Intermediate Income Trust (PIM) did not have a great week as the fund cut its distribution by nearly a quarter. The fund has what it …
TEAF: If It Were This Easy Every Time
We are always on the lookout for opportunities that offer attractive and asymmetric risk/reward. On our service we highlighted TEAF as a baby-with-the-bathwater type of CEF which was unfairly trading …
EIC: Why So Flat?
The Eagle Point Income Company (EIC) is an unusual CEF that allocates to junior mezz CLO tranches. It is also one of the few CEFs that doesn’t provide daily NAVs. …
PTY: Hardest Working Fund In The Biz
The PIMCO Corporate & Income Opportunity Fund (PTY) has a loyal following owing to its not having cut distributions in over a decade. There is some reason why this is …
PCI: Tough Breaks
The PIMCO taxable CEFs are the rockstars of the income world. However, it’s important to recognize that there are some nuances that investors need to be aware of. First, let’s …
FMO: WTF?
Friday the 13th was not a happy one for the holders of the Guggenheim Fiduciary/Claymore Energy Infrastructure Fund who were surprised to find out that the fund’s NAV fell from …
JPT: We’re Back, Baby!
The Nuveen Preferred and Income 2022 Term Fund (JPT) has a lot going for it though it is often ignored by investors. The fund’s most attractive feature is its term …