JPI News and Press, Nuveen Preferred and Income Term Fund of Beneficial Interest From 08/02/22

Only funds with coverage >100% are considered. Top lists of discount, yield, DxY and DxYxZ are given. Top DxYxZ funds are HFRO, ARDC, and SRV. Author’s note: This article was released to CEF/ETF Income Laboratory members on July 22, 2022. Please check latest data...

Leading macro-economic indicators have been decelerating and household sentiment has been souring as the Fed continues to tighten financial conditions to further slow inflation. Asset prices have also adjusted in anticipation of an upcoming recession. We take a look at different r...

We review CEF market valuation and performance through the third week of July and highlight recent market action. CEFs continued their rebound, supported by rising stocks and tighter credit spreads. Leverage cost differentiation is beginning to show up in CEF distribution changes....

We review CEF market valuation and performance through the second week of July and highlight recent market action. The CEF market was fairly flat on the week as stocks and Treasuries moved in opposite directions. We discuss if it makes sense to avoid leveraged CEF given leverage c...

The income space has enjoyed a well-deserved bounce after a terrible June. We take a look at a number of BDCs and CEFs that have lagged the recent rally and may hold an additional margin of safety in case of another swoon. We highlight 8-15% yielders such as TRIN, BXSL, JPI and WD...

We review CEF market valuation and performance through the last week of June and highlight recent market action. Higher-quality CEFs had a decent week, supported by the continued fall in Treasury yields while equity funds struggled. We discuss why discounts matter more from an inc...

The drop across the income investment space has been both broad and deep, hitting just about every type of asset. We take a look at which features have enabled some securities to weather the storm more successfully than others - we find these features more prevalent in shorter-maturit...

We review CEF market valuation and performance through the third week of June and highlight recent market action. The CEF market had one of the worst weeks this decade as the Fed appears increasingly intent to push the economy into recession to tame inflation. We discuss how much ...

We review CEF market valuation and performance through the second week of June and highlight recent market action. CEFs struggled this week on the back of lower stocks and bonds due to the upside surprise in the latest CPI reading. CEF structure - often a key driver of performance...

Only funds with yields over 6.5%, coverage higher than 85%, and trading at under a +5% premium are considered. Top lists of discount, yield, DxY, and DxYxZ are given. The top DxY funds are HIX, EMD, and DLY. For further details see: The 'High-High-Low' Closed-End Fund Re...