Certain Deutsche Closed-End Funds Declare Monthly Distributions
If investors don't watch out, their fund might get hit by changes in the yield curve.
As the Fed intends to keep interest rates low for the next few years, muni-CEF investors should maintain a close watch on their funds' call exposure.
The Bond King's departure had a small impact on CEF performance compared with the onslaught in the commodities market.
Morningstar's Steve Pikelny cautions closed-end fund investors to be aware of the risk/reward trade-offs as well as high premiums when searching for extra yield.