CIK News and Press, Credit Suisse Asset Management Income Fund Inc. From 01/14/23

Summary We review CEF market valuation and performance through the first week of January and highlight recent market action. The CEF market had a strong start to the year, supported by higher stocks and lower Treasury yields. Distribution cuts continued to come, particularly in the ...

Summary Western Asset High Income Opportunity Fund is a fixed income CEF. The fund focuses on U.S. high yield and has a middle of the road credit build, with no excessive risk taken via CCC credits. The fund however displays a return profile very similar to the top HY CEF cohort, na...

Summary MFS Intermediate High Income is a fixed income closed-end fund. The vehicle invests in a portfolio of fixed-rate U.S. high yield bonds. The fund has a granular, diversified composition, but has a very small AUM of only $33 million. The CEF displays a middle-of-the-road h...

Summary ProShares Short High Yield ETF is an inverse fund. The vehicle seeks daily investment results that correspond to the inverse (-1x) of the daily performance of the Markit iBoxx Liquid High Yield Index. SJB encapsulates both rates and spread components when looking at HY - i.e...

Summary Gradually growing income levels of income portfolios is a goal of many income investors. In this article, we discuss some of the typical but unsustainable ways some investors pursue this goal which often results in disappointment. And highlight a few more sustainable alterna...

Summary The Xtrackers USD High Yield Corporate Bond ETF is a U.S. high yield exchange traded fund. The ETF has a total return performance chart that closely mirrors the one exhibited by the more popular ETF JNK. The article benchmarks the HY ETF cohort with a CEF cohort and det...

Summary PGIM High Yield Bond Fund (ISD) is a high yield CEF from PGIM Investments. ISD is conservatively built, with a granular portfolio approach and a low leverage ratio of only 20%. Long-term, the fund's performance matches other well regarded CEFs in the space. From a rating...

Summary We review CEF market valuation and performance through the third week of October and highlight recent market action. The CEF space was fairly flat this week with Munis underperforming and Equity-linked funds outperforming. With bond prices at unusually low levels, dist...

Summary Recent market volatility has opened up valuation divergences between very similar CEFs, creating opportunities for switches or outright holds. This offers income investors an opportunity to pick up additional yield, adopt a more defensive stance and generate alpha in their...

Summary We review CEF market valuation and performance through the fourth week of August and highlight recent market action. CEFs had a second down week, after a solid rally over the previous month. We look at a liquidating term fund EFL to see how its NAV has performed over a...