PIMCO Dynamic Income Strategy Fund

Nuveen Preferred & Income Term Fund

Nuveen Quality Municipal Income Fund

We review CEF market valuation and performance through the first week of February and highlight recent market action. All but one sector rallied this week despite Powell taking away the March cut punchbowl. Invesco hiked the dividends of its Muni CEFs by 10-23%, following the lead of Nuveen and BlackRock.

CEF Weekly Review: Invesco Succumbs To Peer Pressure

Pimco Dynamic Income Strategy Fund has surprised investors with its revised portfolio, which still heavily focuses on energy equities.

PDX: Not The Credit Fund We Had Wished For (Rating Downgrade)

Ares Dynamic Credit Allocation Fund

Carlyle Credit Income Fund

DoubleLine Income Solutions Fund

Virtus Stone Harbor Emerging Markets Income Fund 

Stone Harbor Emerging Markets Total Income Fund

John Hancock Premium Dividend Fund

Flaherty & Crumrine Preferred Income OpportunityFund Inc

We review CEF market valuation and performance through the second week of January and highlight recent market action. Most CEF sectors were up on the week, with CMBS delivering the best return. Discounts are tightening across all but one sector. CEF sector designation is not a precise endeavor, creating potential pitfalls for investors.

CEF Weekly Review: Take Care With CEF Sector Designation

Barings BDC Inc

FS Credit Opportunities Corp

In this article, we highlight the key lessons of 2023 for income investors. These include keeping an eye on the Fed cycle, investment vehicle diversification, relative value and tactical opportunities as well as using valuation as the key allocation principle. These lessons are not unique to 2023 and are likely to keep delivering for income investors who take them into account in their allocation.

Key Income Lessons Of 2023

SPDR Bloomberg High Yield Bond ETF

PIMCO Access Income Fund

PCM Fund

PIMCO Dynamic Income Fund

PIMCO Dynamic Income Opportunities Fund

PIMCO Corporate & Income Opportunity Fund

We provide a November update for the PIMCO CEF taxable suite. Coverage across PIMCO's tax-exempt funds increased slightly in November, while coverage for taxable funds decreased by around 10% on average. PIMCO appears to have taken advantage of the swoon in credit prices in September and October.

PIMCO CEF Update: PIMCO Trades The October Swoon

BlackRock Utilities Infrastructure & Power Opportunities Trust

Voya Global Advantage and Premium Opportunity Fund

Western Asset Investment Grade Income Fund

The market is anticipating rate cuts, which led to a rally in November as rates on risk-free Treasuries retreated. Closed-end funds present good investment opportunities, trading at historically deep discounts. While the key theme this year had been primarily to avoid adding significant amounts of leverage, I made an exception with adding a PIMCO fund.

4 Closed-End Fund Buys From The Month Of November 2023

News for PIMCO Dynamic Income Strategy Fund ETF (PDX)