NMCO - CEF Market Weekly Review: Preferreds CEF Managers Struggle To Overcome Sector Tilts

• We review CEF market valuation and performance through the second week of February and highlight recent market action.
• It was another down week for the CEF market with about a quarter of sectors now at double-digit losses for the year.
• We discuss how CEF sector tilts can drive fund performance, providing unexpected results for investors.
• We also highlight distribution news and the recent PDI comment debate.
• And review our CEF allocation stance, particularly the lower-duration positions in our Income Portfolios.

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