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PPR - Assessing What's Going On With Senior Loan CEFs
Voya Prime Rate Trust
Note: This note was first released to members 1 month ago.
What's going on with senior loan CEFs?
In this month's "High-High-Low" CEF report, we noticed that, just like last month, the "D x Y x Z" top list was dominated by senior loan funds. This suggests that among fixed income funds, senior loans are the most undervalued/oversold CEF sector. This is corroborated by a chart from our most recent Closed-End Fund Weekly Roundup (reproduced below) which indicated that senior loans had the 4th lowest average z-score across all sectors, trailing only three