BlackRock Corporate High Yield Fund

AllianceBernstein Global High Income Fund Inc

BlackRock Enhanced Equity Dividend Trust

BlackRock Science & Technology

BlackRock Credit Allocation Income Trust

Nuveen S&P 500 Buy-Write Income Fund

DoubleLine Income Solutions Fund

Eaton Vance Tax-Managed Buy-Write Opportunities Fund

Eaton Vance Tax-Managed Diversified Equity Income Fund

Eaton Vance Limited Duration Income Fund

Eaton Vance Tax-Managed Global Diversified Equity Income Fund

Aberdeen Asia-Pacific Income Fund Inc

First Trust Intermediate Duration Preferred & Income Fund

Highland Income Fund

Nuveen Preferred & Income Opportunities Fund

Nuveen Preferred & Income Securities Fund

Nuveen Credit Strategies Income Fund

Virtus Dividend Interest & Premium Strategy Fund

PIMCO Dynamic Income Fund

PIMCO Dynamic Income Opportunities Fund

After the Fed hiked interest rates for the fourth time this year, closed-end fund investors may wonder how their income will be affected. Past cycles have shown that valuations fall ahead of time in anticipation of rising rates.

Income Opportunities: CEFs And Rising Rates

Bonds have performed poorly since the start of the year due to an abrupt rebalancing of monetary policy. While inflation has been the primary topic of discussion, I believe that the greatest threat hanging over the high-yield credit market today is a slowdown in economic activity.

HYT: Don't Fall For This 9% Dividend Fund

HYT is a CEF focused on high yield debt. The fund has very robust long-term trailing total returns, with the 5- and 10-year figures standing at 6.8% and 7.0% respectively.

HYT: Time To Buy This 9% Yield

HYT is in discount territory in excess of 5%. Over time, this has been a historically good entry point for this fund.

HYT: Tempting Valuation Right Now

Virtus AllianzGI Diversified Income & Convertible Fund

ArrowMark Financial

Saba Capital Income & Opportunities Fund

China Fund

Blackrock Debt Strategies Fund Inc

Aberdeen Global Income Fund

New Germany Fund

Gabelli Multimedia Trust

Clough Global Opportunities Fund

Clough Global Equity Fund

Insight Select Income Fund

New Ireland Fund Inc

Madison Fund

BlackRock MuniAssets Fund

BlackRock MuniHoldings Quality Fund II Inc

Pimco California Municipal Income Fund

RENN Fund

TCW Strategic Income Fund

20 out of 24 CEF sectors positive on price and 14 out of 24 sectors positive on NAV last week. It's pretty quiet in CEF-land, fund managers need holidays too. MLPs remain the most discounted sector.

Weekly Closed-End Fund Roundup: December 26, 2021

HYT is a high-yield corporate bond CEF. The fund yields 7.6%, and has outperformed its index and peers since inception.

HYT: Strong High-Yield Corporate Bond CEF, 7.6% Distribution Yield, Industry-Beating Returns

Retirees have had a serious problem obtaining reasonably safe sources of income to pay their bills and finance their lifestyles for most of the past decade. HYT invests in a highly diversified portfolio of high-yield assets to help them overcome this problem.

HYT: Fight The Fed With This 7.5% Yielder

Barings Global Short Duration High Yield Fund

Eagle Point Income Company Inc

Franklin Templeton Emerging Markets Income Fund

Yields have been trending lower over the past year across all types of income assets. We take a look at CEFs which feature high single-digit portfolio yields rather than just high distribution rates.

Remaining High Single-Digit Yield Opportunities In CEFs

The broader markets, including high-yield bonds and loans, have been performing very well in 2021.

HYT: Stay Patient, Don't Chase Returns Here

BlackRock Taxable Municipal Bond Trust

MFS Municipal Income Trust

BlackRock MuniYield Quality Fund III Inc

Nuveen Quality Municipal Income Fund

We take a look at the different CEF yield metrics, focusing in particular on net asset portfolio yields after fees - what investor capital actually "earns" in the fund.

CEF Yields Are Less Than Meets The Eye

Ares Dynamic Credit Allocation Fund

BlackRock 2022 Global Income Opportunity Trust

Credit Suisse Asset Management Income Fund

Credit Suisse High Yield Bond Fund

Allspring Income Opportunities Fund

iShares Fallen Angels USD Bond ETF

Western Asset High Income Opportunity Fund Inc

Western Asset High Income Fund

Pioneer Diversified High Income Trust

New American High Income Fund

Western Asset High Yield Defined Opportunity Fund Inc

Nuveen Credit Opportunities 2022 Target Term Fund

KKR Income Opportunities Fund

MFS Charter Income Trust

Neuberger Berman High Yield Strategies Fund Inc

Pioneer High Income Trust

Brookfield Real Assets Income Fund

Invesco High Income Trust II

The high-yield CEF sector has done well though not as well as other sectors in terms of discount returns in the last month (+1.3%). The sector as a whole is near its long-term fair value with a discount of -5%. But with spreads near the pre-COVID tightest levels, there isn't much upside for NAVs.

CEF Analysis: High-Yield Sector Update

HYT is a high-yield CEF, with a majority of its debt in the lower rungs of the credit ladder. As a result, this product is not for everyone. For those with more risk tolerance, it could be a smart play. Despite my concern over macroeconomic conditions, HYT alleviates some of this risk by trading at a discount to NAV.

For The Risk-Seeking, HYT Is A Good Option

HYT is one of my preferred ways to play high yield corporate bonds, as it has performed well over time and routinely trades at a discount to NAV.

HYT: If You Must Buy High Yield, Buy It At A Discount

HYT: An 8.38% Yield For Junk Bond Investors

ASA Gold and Precious Metals Ltd

BNY Mellon High Yield Strategies Fund 

Franklin Templeton Emerging Markets Fund

Franklin Universal

Franklin Templeton Dragon Fund

Taiwan Fund

For the fourth month in a row, equity CEFs on average posted positive returns, rising 3.42% on a NAV basis for July.

The Month In Closed-End Funds: July 2020

HYT: Tremendous Short-Term Return Suggests It Is Time To Get Cautious

BlackRock Corporate High Yield Fund: At This Price, The Risk Is Worth It

PIMCO Corporate & Income Strategy Fund

Vanguard Real Estate ETF

I don’t know why you’d try to cobble together an income stream with miserly ETFs.

Coronavirus Selloff: Top Dividends To Buy Now

HYT Had An Income Boost And Still Trades At A Discount, But Beware Tightening Spreads

John Hancock Financial Opportunities Fund

John Hancock Preferred Income Fund

You’ve probably heard by now that investing just got a little bit cheaper.

3 Overrated Dividend ETFs, 3 Better Funds Paying Up To 8.8%

iShares Core U.S. Aggregate Bond ETF

Blackrock Core Bond Trust

Calamos Convertible And High Income Fund

Cohen & Steers Ltd. Duration Preferred & Income Fund, Inc.

Your 2% bonds are going to make you broke. You need to buy these safe, higher paying dividends instead.

Why Bonds Will Make You Broke

News for BlackRock Corporate High Yield Fund ETF (HYT)