DLY - Weekly CEF Commentary Aug. 9 2020: Some Opportunities Available

(This report was sent to members of Yield Hunting on Aug. 9. All data herein is from that date.)

Table of Contents:

1. Macro Picture
2. Commentary:
   1. Discussion of current discounts
   2. Global Equity opps
   3. Funds on the move this week
   4. Muni trading discussion
3. A Few Funds To Look At:
   1. HNW
   2. EFT
   3. DLY
4. PIMCO Income (PONAX) Distribution Reduction
   1. Some alternative options:
      • PGIM Absolute Return Bond (PADZX), yield 5.36%
      • DoubleLine Flexible Income I (DFLEX), yield 5.30%
      • Guggenheim Macro Opps (GIOIX), yield 4.99%
      • JP Morgan Strategic Income (JSOSX), yield 5.77%