High-Yield-Spotlight
Nuveen's AMT-free muni fund pays 7.14% tax-free, which is worth roughly 12.4% pre-tax to a top-bracket investor, but 41% leverage and a 13.2-year duration made it lose 23% in 2022
High-Yield-Spotlight
Kayne Anderson Energy Infrastructure Fund (KYN) just raised its monthly distribution 5.9% and holds 33 midstream names at a 11.14% discount. The tailwind is real, but 0.5x NII coverage and 25% leverage mean the energy cycle has to keep cooperating.
High-Yield-Spotlight
Invesco Preferred ETF (PGX) pays 6.31% from 265 mostly investment-grade preferred securities with no leverage and no derivatives. The price has fallen from $15.60 to $10.67 since 2020, and whether that reverses depends entirely on the Fed.
High-Yield-Spotlight
BlackRock Capital Allocation Term Trust (BCAT) pays nearly 20% on a 55/44 balanced portfolio, and because it is a term trust the discount has a floor. The catch is a distribution that has been shrinking for three straight years.
High-Yield-Spotlight
Nuveen's AMT-Free Municipal Credit Income Fund (NVG) offers some of the best tax math in the closed-end fund universe and the thinnest margin of safety it has had in years
High-Yield-Spotlight
Direct lending has quietly become the private-credit engine most portfolios lean on. Here is what changed and why it matters for allocators.
High-Yield-Spotlight
Today’s Lead-Lag Report post is sponsored by TappAlpha Income while staying fully invested in equities. TappAlpha S&P 500 Growth & Daily Income ETF (TSPY). TappAlpha Innovation 100 Growth & Daily Income ETF (TDAQ). Investors have always had to choose: generate income or stay fully invested. TSPY
High-Yield-Spotlight
Today’s Lead-Lag Report post is sponsored by TappAlpha Income while staying fully invested in equities. TappAlpha S&P 500 Growth & Daily Income ETF (TSPY). TappAlpha Innovation 100 Growth & Daily Income ETF (TDAQ). Investors have always had to choose: generate income or stay fully invested. TSPY
High-Yield-Spotlight
Today’s Lead-Lag Report post is sponsored by TappAlpha Income while staying fully invested in equities. TappAlpha S&P 500 Growth & Daily Income ETF (TSPY). TappAlpha Innovation 100 Growth & Daily Income ETF (TDAQ). Investors have always had to choose: generate income or stay fully invested. TSPY
High Yield Spotlight
But Not An Altogether Bad One
High Yield Spotlight
Look To The Left Of The Equal Sign
High Yield Spotlight
Junk Bonds At Risk