每周封闭式基金综述：Nuveen固定收益削减

23 out of 31 CEF sectors positive on price, and 23 out of 31 sectors positive on NAV this week.

Emerging markets lead while munis lag.

Nuveen cuts on a number of muni and non-muni fixed income CEFs.

The

Weekly Closed-End Fund Roundup

will be put out at the start of each week to summarize recent price movements in closed-end fund [CEF] sectors in the last week, as well as to highlight recently concluded or upcoming corporate actions on CEFs, such as tender offers. Most of the information has been sourced from

CEFInsight

or the

Closed-End Fund Center

. I will also link to some articles from Seeking Alpha that I have found for useful reading over the past week. The searchable tag for this feature is "cildoc". Data is taken from the close of

Friday September 6th, 2019

.

23 out of 31 sectors were positive on price (up from 21 last week), and the average price return was 0.94% (up from 0.54% last week). The leading gainers were Emerging Market Equity (+3.28%), Latin American Equity (+2.58%) and Emerging Market Income (+2.28%), while Pennsylvania (-0.91%) lagged.

(Source: Stanford Chemist, CEFConnect)

23 out of 31 sectors were positive on NAV (down from 29 last week), while the average NAV return was 0.78% (down from 0.97% last week). The top sector by NAV was Latin American Equity (+3.11%), followed by Emerging Market Equity (+2.58%). This week, there was a low range between the top 5 losers by NAV (only 0.06%), the top losing sector by NAV was California Munis (-0.32%).

(Source: Stanford Chemist, CEFConnect)

The top 3 sectors by premium were Preferreds (+2.50%), US Utilities (+2.31%) and Multisector Income (+1.75%), while the sector with the highest discount is Asia Equity (-13.22%). The average sector discount is -5.79% (up from -5.95% last week).

(Source: Stanford Chemist, CEFConnect)

The sector with the highest premium/discount increase was Emerging Market Income (+1.12%), while Global Equity Dividend (-0.80%) showed the largest premium/discount decline. The average change in premium/discount was 0.18% (up from -0.40% last week).

(Source: Stanford Chemist, CEFConnect)

The sector with the highest average 1-year z-score is U.S. Real Estate (+1.70), followed by California Munis (+1.43). The lowest z-score was Other Non-U.S. Equity (-0.67), followed by Asia Equity (-0.62). The average z-score is +0.50 (up from +0.43 last week).

(Source: Stanford Chemist, CEFConnect)

The sectors with the highest yields are MLPs (12.71%), global equity dividend (10.06%), Global Growth & Income (9.54%), Emerging Market Income (9.12%) and Covered Call (8.62%). Discounts and z-scores for the sectors are included for comparison. The average sector yield is +7.05% (down from +7.14% last week).

(Source: Stanford Chemist, CEFConnect)

Individual CEFs that have undergone a significant decrease in premium/discount value over the past week, coupled optionally with an increasing NAV trend, a negative z-score, and/or are trading at a discount, are potential buy candidates.

(Source: Stanford Chemist, CEFConnect)

Conversely, individual CEFs that have undergone a significant increase in premium/discount value in the past week, coupled optionally with a decreasing NAV trend, a positive z-score, and/or are trading at a premium, are potential sell candidates.

(Source: Stanford Chemist, CEFConnect)

These are from the past month. Any new news in the past week has a bolded date:

These are from the past month. Any new news in the past week has a bolded date:

These are from the past month. Any new news in the past week has a bolded date:

These are sorted in ascending order of distribution change percentage. Funds with distribution changes announced this month are included. Any distribution declarations made this week are in

bold.

I've also added monthly/quarterly information as well as yield, coverage (after the boost/cut), discount and 1-year z-score information. I've separated the funds into two sub-categories, cutters and boosters.

(Source: Stanford Chemist, CEFConnect)

ADS Analytics presents How To Ride Sidecar With CEF Activists (Sept. 5)

Alpha Gen Capital presents GOF: Loved By Retail Investors, But Needs Rising Rates To Thrive (Sept. 4), PIMCO Cries For Argentina - August Update (Sept. 5)

*Alpha Male presents 5 Things You May Have Missed On The Eagle Point Credit Company Q2 Earnings Call (Sept. 4)

Arbitrage Trader presents Weekly Review: High-Yield CEFs - Most Of The Funds Have Increased Their Net Asset Values (Sept. 4), Weekly Review: Municipal Bond CEFs - Uneventful Week For The Sector (Sept. 6)

Dividend Seeker presents PTY: Expensive Price, Positive Outlook (Sept. 2)

David Van Knapp presents Let's Learn About CEFs: Searching For 'CEF Aristocrats' (Sept. 4)

Douglas Albo presents Equity CEFs: A Fund For A Global Recovery (Sept. 5)

*Nick Ackerman presents MGU: Deep Discount With Fully Covered Distribution (Sept. 4), KMF: Trade War Escalations Offer Investors An Opportunity (Sept. 6)

Power Hedge presents FEI: Revisiting This Promising MLP-Focused CEF (Sept. 4)

*Stanford Chemist presents Weekly Closed-End Fund Roundup: August 16, 2019 (Sept. 2), 3 Quick CEF Rotation Opportunities (Sept. 3)

Fear & Greed Trader presents S&P 500 Weekly Update: The 'Bull' Makes An Appearance As Equities Break Out Of The Trading Range (Sept. 7)

Jeff Miller presents Weighing The Week Ahead: Might Be Time To Worry About Crowded Trades (Sept. 8)

Lance Roberts presents Bulls Regain The Narrative As They Want To Believe (Sept. 8)

I am/we are long THE PREMIUM PORTFOLIOS.

I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.