CEF Holdings --- June 2026

[joejetski]

I like FireFox.

 

[AudiDudi]

And I use Duck Duck Go. Google never.

Another great one!

 

[GaltintheGulch]

That's why I switched to Brave search years ago and I use the Brave browser.

Google Maps suck too....lol

 

[GaltintheGulch]

Another great one!

thumbs up

 

[dickoncapecod]

There MUST be a better place for Ior a discussion of websites/applications/AI on this site, where more interested participants will see and discuss expressed views.
Regards, Dick

 

[AG-YH]

A buddy of mine ran my holdings through Brave AI. He was looking at SGOV to park money. Here is what he got back:

Comparative Overview

Ticker	Name	Primary Strategy	Approx. Yield*	Risk Profile	Key Characteristic
SGOV	iShares 0-3 Month Treasury Bond ETF	US Treasury Bills (0-3 months)	~4.5–5.0%	Very Low	Capital preservation; yield fluctuates with Fed rates.
PDI	PIMCO Dynamic Income Fund	Multi-sector credit & derivatives	~16%	High	Aggressive use of leverage and options; high total return potential.
ECC	Eagle Point Credit Company	CLO Debt & Equity	~38%	Very High	Invests in both debt and equity tranches of CLOs; high volatility.
GOF	Guggenheim Strategic Opportunities	Multi-asset credit opportunities	~20%	High	Flexible mandate; often trades at a premium to NAV.
OCCI	OFS Credit Company	CLO Debt & Equity	~36%	Very High	Similar to ECC; focuses on income from CLO structures.
OXLC	Oxford Lane Capital	CLO Equity & Debt	~48%	Extreme	Highest yield on list; heavily weighted toward riskier CLO equity.
OPP	RiverNorth/DoubleLine Strategic Opportunity	Private Credit & Real Estate	~10–12%	Moderate-High	Focuses on private credit and real estate debt; lower yield than CLO peers.
XFLT	XAI Octagon Floating Rate Trust	CLO Debt & Equity + Options	~27%	High	Uses a "covered call" strategy on a CLO portfolio to generate income.

*Yields are approximate based on recent market data (May 2026) and fluctuate daily with share price.
Capital Stability vs. High Income
SGOV stands alone in this group as a capital preservation tool. It holds US government debt with maturities of 0 to 3 months, meaning its share price remains extremely stable (typically around $100), and it pays monthly dividends derived entirely from interest rates. It is suitable for parking cash but does not offer the income magnitude of the other funds.
In contrast, the other seven tickers are Closed-End Funds (CEFs) or business development companies that utilize leverage and complex derivatives to generate massive income. OXLC, ECC, and OCCI are notable for their exposure to the equity tranches of CLOs, which offers the highest yields (often exceeding 35-40%) but subjects investors to significant price erosion during credit downturns. For instance, OXLC recently raised its dividend, yet its share price has historically declined over the long term, meaning total return relies heavily on reinvesting those massive dividends.
SGOV vs OXLC vs PDI total return comparison
View all
Strategic Differences in Credit Funds
Among the high-yield credit funds, strategies diverge significantly regarding asset selection and option usage:

• CLO Equity Focus: OXLC, ECC, and OCCI derive income from the residual cash flows of CLOs after debt holders are paid. This "equity" position is the first to absorb losses if borrowers default, leading to high yields but high risk of permanent capital loss.
• Multi-Sector & Leverage: PDI (PIMCO) and GOF (Guggenheim) employ broader mandates. PDI is known for an aggressive approach using interest rate swaps and credit default swaps to enhance yield, while GOF often invests in distressed debt and loans across various sectors.
• Option Overlay: XFLT distinguishes itself by holding a portfolio of CLO debt and equity and then selling call options (covered calls) on that portfolio to generate additional premium income. This can provide slightly more stability than pure CLO equity funds but caps upside potential during strong bull markets.
• Private Credit: OPP focuses more on private credit and real estate debt rather than the syndicated loan market dominant in CLOs. This generally results in a lower yield compared to OXLC but potentially different diversification benefits.

best high yield CEFs OXLC ECC PDI site:reddit.com

Critical Risks: Expense Ratios and NAV Erosion
Investors in these high-yield funds must account for high expense ratios, which directly reduce total returns. Funds like OXLC have reported expense ratios exceeding 12% in some periods due to incentive fees and management costs, while others like PDI and GOF typically range between 2% and 3%.
A common phenomenon in this sector is NAV erosion, where the fund's share price drops over time even if dividends are paid. This occurs because the high payouts often exceed the fund's actual earnings, forcing them to return capital to shareholders. While SGOV aims to maintain a stable $100 share price, funds like OXLC and CRF (a peer often discussed in this context) have seen share prices decline significantly over decade-long periods, making them suitable primarily for income generation rather than capital appreciation.

Yikes. Way too much CLO, and specifically CLO equity. I would note there is a HUGE difference between owning something like JAAA and OXLC/ECC/XFLT which are majority equity tranche CLOs. I equate equity tranche CLOs on the same level as small cap stocks. Very risky.

 

[dickoncapecod]

Yikes. Way too much CLO, and specifically CLO equity. I would note there is a HUGE difference between owning something like JAAA and OXLC/ECC/XFLT which are majority equity tranche CLOs. I equate equity tranche CLOs on the same level as small cap stocks. Very risky.

ALSO, typically dopey AI should have noted the VAST number of alternatives BETWEEN Treasury bills and PDI. I can't believe people use --- ot worse, rely on ---- these dopey scrapers.
Regards, Dick

 

[AG-YH]

Commented in today's note: Distribution increases at Virtus.

- Virtus AI &Tech Opp (AIO): +20.0% to $0.18
- Virtus Equity & Convertible Inc (NIE): +16.0% to $0.58
- Virtus Total Return (ZTR): +10.0% to $0.055

And in yesterday's from NXG:

• NXG Cushing Midstream Nrg (SRV): +11.1% to $0.50
• NXG NextGen Infra Inc (NXG): +11.1% to $0.60

And from June 2nd:
Increasers:
- Nuveen S&P 500 Dyn Overwrite (SPXX): +24.9% to $0.4215
- Nuveen Nasdaq 100 Dyn Overwrite (QQQX): +20% to $0.738
- JH Investors Tr (JHI): +12.9% to $0.297
- Nuveen Real Estate Inc (JRS): +11.8% to $0.19
- JH Income Securities Tr (JHS): +11.5% to $0.1535
- Royce Micro Cap (RMT): +10.5% to $0.21
- Nuveen Core Equity Alpha (JCE): +7.1% to 0.364
- Royce Small Cap Tr (RVT): +3.3% to $0.31

Decreasers:
- Nuveen Core Plus Impact (NPCT): -9.6% to $0.0895
- Nuveen Dynamic Muni Opp (NDMO): -5.65% to $0.0585
- Nuveen NY Quality Muni Inc (NAN): -5.6% to $0.068
- Nuveen MA Quality Muni Inc (NMT): -5.5% to $0.0605
- Nuveen CA Quality Muni Inc (NAC): -5.4% to $0.0695
- Nuveen VA Quality Muni Inc (NPV): -5.4% to $0.0615
- Nuveen AZ Quality Muni Inc (NAZ): -5.3% to $0.062
- Nuveen MN Quality Muni Inc (NMS): -5.3% to $0.063
- Nuveen CA AMT-Free Quality Muni Inc (NKX): -5.3% to $0.072
- Nuveen NY AMT-Free Quality Muni (NRK): -5.1% to $0.0655
- Eaton Vance Floating Rate Inc (EFT): -4.3% to $0.067
- Eaton Vance Sr Income (EVF): -3.1% to $0.031

 

[kevdude]

That is a significant amount of CEF/ETF. I did not look up every name to see composition. Are you buy/hold? Just ride out the rough patches? Or do you sell assets if rates rise?

Yeah, it is for us. Early last year I started moving a significant amount of our liquid assets to income oriented assets. I wouldn't really call it buy and hold, but more moving things around within the classes opportunistically. I do plan on holding some of them long term though, such as ADX, SPYI, QQQI and the Pimcos in one form or another.

 

[dickoncapecod]

Commented in today's note: Distribution increases at Virtus.

- Virtus AI &Tech Opp (AIO): +20.0% to $0.18
- Virtus Equity & Convertible Inc (NIE): +16.0% to $0.58
- Virtus Total Return (ZTR): +10.0% to $0.055

And in yesterday's from NXG:

• NXG Cushing Midstream Nrg (SRV): +11.1% to $0.50
• NXG NextGen Infra Inc (NXG): +11.1% to $0.60

And from June 2nd:
Increasers:
- Nuveen S&P 500 Dyn Overwrite (SPXX): +24.9% to $0.4215
- Nuveen Nasdaq 100 Dyn Overwrite (QQQX): +20% to $0.738
- JH Investors Tr (JHI): +12.9% to $0.297
- Nuveen Real Estate Inc (JRS): +11.8% to $0.19
- JH Income Securities Tr (JHS): +11.5% to $0.1535
- Royce Micro Cap (RMT): +10.5% to $0.21
- Nuveen Core Equity Alpha (JCE): +7.1% to 0.364
- Royce Small Cap Tr (RVT): +3.3% to $0.31

Decreasers:
- Nuveen Core Plus Impact (NPCT): -9.6% to $0.0895
- Nuveen Dynamic Muni Opp (NDMO): -5.65% to $0.0585
- Nuveen NY Quality Muni Inc (NAN): -5.6% to $0.068
- Nuveen MA Quality Muni Inc (NMT): -5.5% to $0.0605
- Nuveen CA Quality Muni Inc (NAC): -5.4% to $0.0695
- Nuveen VA Quality Muni Inc (NPV): -5.4% to $0.0615
- Nuveen AZ Quality Muni Inc (NAZ): -5.3% to $0.062
- Nuveen MN Quality Muni Inc (NMS): -5.3% to $0.063
- Nuveen CA AMT-Free Quality Muni Inc (NKX): -5.3% to $0.072
- Nuveen NY AMT-Free Quality Muni (NRK): -5.1% to $0.0655
- Eaton Vance Floating Rate Inc (EFT): -4.3% to $0.067
- Eaton Vance Sr Income (EVF): -3.1% to $0.031

Thanks. D

 

[richardsok]

With indicators hinting we may be near broad equity market tops and global oil supply uncertain, I have decided to greatly simplify CEF positions. Percentages of investable assets, including a couple of non-CEFs:
PDI 42
PTY 10
BGR 2
MINT 15
ET 5
XDTE 2
VLUE 4
GUSH 1.5
Everything else is 1% or less.
I have sold stocks too early before. but have greatly reduced equities this week. Fewer positions means I can better follow my charts with less distraction. It's been a great month ..... but NOW what? Just got indicator buy signals on PDI & PTY.

 

[Phroig]

WDI just keeps getting cheaper. I just bought some more. I'll pause here.

 

[richardsok]

WDI just keeps getting cheaper. I just bought some more. I'll pause here.

I agree. Am watching it daily for signs of support.

 

[FlyingCircus]

Weird dividend reinvestment at Fido this week.

Uh... duh. Never mind, this post was a brain fart. Shares owned at ex-date 5/11. Sorry for the pollution.

 

[dickoncapecod]

With indicators hinting we may be near broad equity market tops and global oil supply uncertain, I have decided to greatly simplify CEF positions. Percentages of investable assets, including a couple of non-CEFs:
PDI 42
PTY 10
BGR 2
MINT 15
ET 5
XDTE 2
VLUE 4
GUSH 1.5
Everything else is 1% or less.
I have sold stocks too early before. but have greatly reduced equities this week. Fewer positions means I can better follow my charts with less distraction. It's been a great month ..... but NOW what? Just got indicator buy signals on PDI & PTY.


View attachment 64062

Excellent. I have a growing conviction that the excited AI (stock price) nonsense is going to stumble really badly ---- behind schedule/energy constrained/suspect margins/very tender daisy-chain orders + financing/CAPITAL constraints. But timing is the problem. It might start with SpaceX IPO overvalued by a least a trillion$, or that might go well for a while on candy canes, sugar plums and dreams. Maybe the other gigantic AI IPOs coming? ALSO WHENEVER it comes, will it take income CEFs down as well? No answers here --- you?
Regards, Dick

 

[PaulR888]

Hi Dick ... can you think of examples when retail investors wanted to raise cash and where did the cash come from? If me, I wouldn't raid my core bond funds and neither my equity. What's left? Gold, bitcoin, and bond CEFs. Just thinking out loud, using my pea brain.

 

[marget]

SPDR, DOW, NASDAQ----none of them are extended from the 10 ema at this time. Only the DOW seems to be a bit headed upward, but at this time, it has pulled back.
So, the question is which one to watch closely? SPDR & NASDAQ are definitely not extended.
I'm going to keep an eye on the DOW for now. But, I do not see a single c-stick that indicates a top has been reached. We'll see how long this trend lasts.

I'm focused on ex-date 6/11. What I trim after that, will depend on the c-sticks

 

[dickoncapecod]

Hi Dick ... can you think of examples when retail investors wanted to raise cash and where did the cash come from? If me, I wouldn't raid my core bond funds and neither my equity. What's left? Gold, bitcoin, and bond CEFs. Just thinking out loud, using my pea brain.

I don't have any idea what equity investors think or do......INSTITUTIONS will probably sell tech stocks to keep allocations stable. And pure tech funds will have to sell tech to make room for more. The issuer strategy: force index funds to change rules and force these price-insensitive pools of money to pay too much because they must. Credit CEFs might suffer as the creditworthiness of tech firms becomes questionable.!?
Regards, Dick

 

[upwiththesun]

Excellent. I have a growing conviction that the excited AI (stock price) nonsense is going to stumble really badly ---- behind schedule/energy constrained/suspect margins/very tender daisy-chain orders + financing/CAPITAL constraints. But timing is the problem. It might start with SpaceX IPO overvalued by a least a trillion$, or that might go well for a while on candy canes, sugar plums and dreams. Maybe the other gigantic AI IPOs coming? ALSO WHENEVER it comes, will it take income CEFs down as well? No answers here --- you?
Regards, Dick

Coming in from the woods here but my feelings are that SpaceX IPO will be a flop or at least not the 2nd coming. If it's so great I have to ask myself why is Jamie Dimon, an astute investor, already intending to pass off shares to his retail clients (i.e. you and I) rather than keeping his IPO assignment or granting them to possibly his favored high buck clients? It just makes me itch. And speaking of high profile IPO's how's PSUS doing these days since coming out. *(with all apologies for taking the CEF tread off track. I wish we didn't discuss these things here)

 

[GaltintheGulch]

WDI just keeps getting cheaper. I just bought some more. I'll pause here.

I bought more WDI also

 

[BuckeyesRC]

Commented in today's note: Distribution increases at Virtus.

- Virtus AI &Tech Opp (AIO): +20.0% to $0.18
- Virtus Equity & Convertible Inc (NIE): +16.0% to $0.58
- Virtus Total Return (ZTR): +10.0% to $0.055

And in yesterday's from NXG:

• NXG Cushing Midstream Nrg (SRV): +11.1% to $0.50
• NXG NextGen Infra Inc (NXG): +11.1% to $0.60

And from June 2nd:
Increasers:
- Nuveen S&P 500 Dyn Overwrite (SPXX): +24.9% to $0.4215
- Nuveen Nasdaq 100 Dyn Overwrite (QQQX): +20% to $0.738
- JH Investors Tr (JHI): +12.9% to $0.297
- Nuveen Real Estate Inc (JRS): +11.8% to $0.19
- JH Income Securities Tr (JHS): +11.5% to $0.1535
- Royce Micro Cap (RMT): +10.5% to $0.21
- Nuveen Core Equity Alpha (JCE): +7.1% to 0.364
- Royce Small Cap Tr (RVT): +3.3% to $0.31

Decreasers:
- Nuveen Core Plus Impact (NPCT): -9.6% to $0.0895
- Nuveen Dynamic Muni Opp (NDMO): -5.65% to $0.0585
- Nuveen NY Quality Muni Inc (NAN): -5.6% to $0.068
- Nuveen MA Quality Muni Inc (NMT): -5.5% to $0.0605
- Nuveen CA Quality Muni Inc (NAC): -5.4% to $0.0695
- Nuveen VA Quality Muni Inc (NPV): -5.4% to $0.0615
- Nuveen AZ Quality Muni Inc (NAZ): -5.3% to $0.062
- Nuveen MN Quality Muni Inc (NMS): -5.3% to $0.063
- Nuveen CA AMT-Free Quality Muni Inc (NKX): -5.3% to $0.072
- Nuveen NY AMT-Free Quality Muni (NRK): -5.1% to $0.0655
- Eaton Vance Floating Rate Inc (EFT): -4.3% to $0.067
- Eaton Vance Sr Income (EVF): -3.1% to $0.031

I'm happy to see Nuveen with the substantial raise on the buy write funds; the discounts on those funds have been driving me crazy. A lot of people here love NEOS and QQQI, but objectively would get better returns from QQQX. Let's see how much that discount narrows.

 

[AG-YH]

I'm happy to see Nuveen with the substantial raise on the buy write funds; the discounts on those funds have been driving me crazy. A lot of people here love NEOS and QQQI, but objectively would get better returns from QQQX. Let's see how much that discount narrows.

I think it’s all the competition from the ETF space with so many new high income ETFs coming out. For example, JEPI, DIVO, GPIX, IDVO.

 

[dickoncapecod]

I bought more WDI also

I have a full allocation, so not adding more. BB portfolio overearning a 13+% yield? I'm surprised at the price action....but that's not news!
Regards, Dick

 

[BuckeyesRC]

I have a full allocation, so not adding more. BB portfolio overearning a 13+% yield? I'm surprised at the price action....but that's not news!
Regards, Dick

The minds of retail investors are weird places. I've learned my lesson many times thinking, "What species of idiot would sell this kind of fully covered yield..."

 

[dickoncapecod]

I hate being the guy who asks, but am I the only one who has not seen PDI dist and reinvest? All my others arrived yesterday.
Regards, Dick