VBF News and Press, Invesco Bond Fund From 07/31/21

We review CEF market valuation and performance over the penultimate week of July and highlight recent events. The CEF market had a brief dip early in the week which provided a dress rehearsal for a larger future drawdown and echoed some historical patterns. We continue to favor fu...

The CEF market recovered almost entirely from a recent bump in the road due to inflation worries. We review CEF market valuation and performance over the past week and highlight recent events. We continue to favor the few remaining pockets of value in the space across a few higher...

VBF was the top-ranked DxYxZ fund in our Quality CEF report. As an unleveraged investment-grade bond fund, VBF may appeal to more conservative investors. VBF trades in a narrow range, making it a potential swing trading candidate. For further details see: VBF: An Investm...

Only funds with coverage >100% are considered. Top lists of discount, yield, DxY and DxYxZ are given. Muni CEFs feature in the top list of widest discount. For further details see: The Quality Closed-End Fund Report: May 2021

In a low-yield environment, alpha is the new beta. We take a look at how to source cheap alpha in CEFs by pinpointing funds with a history of consistent alpha and trading at attractive valuations. We highlight JPT, EAD, BGH, and other funds. For further details see: Sour...

Only funds with coverage >100% are considered. Top lists of discount, yield, DxY and DxYxZ are given. With discounts contracting, few non-muni income choices are attractively valued anymore. For further details see: The Quality Closed-End Fund Report, April 2021

Taxable bond CEFs are now at their tightest levels of the last eight years going back to 2012-early 2013. There's not much juice left. That doesn't mean that we need to sell out of CEFs, we just need to be more prudent and vigilant. That includes re-positioning to the best ideas along...

Only funds with coverage >100% are considered. Top lists of discount, yield, DxY and DxYxZ are given. The top DxY funds are CEV, JPC, and DSL. For further details see: The Quality Closed-End Fund Report, February 2021

Global manufacturing PMI buoyed by further strong gains in production. Robust growth seen in the US, Eurozone, India and Brazil despite supply chain delays close to record high. Expansion limited by further slowdown in China, in turn linked to shipping and logistics problems. ...

The K shape makes a lot of sense, where the upper end kind of is bouncing, the upper part of the K and then the other side are declining. One of the effects of COVID is it's essentially accelerated the adoption of multiple technologies at a mass level that we would never have seen so ...