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At midyear 2014, taxable-bond CEF categories like bank loan and high yield--which had strong runs last year--have had muted success, while preferred stock leads the pack.
We look at the best bank-loan funds among ETFs, closed-end funds, and mutual funds.
A sound, repeatable process executed by an experienced team drove us to upgrade our rating on this closed-end fund.
Investors should not ignore floating-rate funds despite the current low-interest-rate environment.
Right now, bank loans look more attractive than high-yield bonds.
I am not in any way affiliated with any of the funds and/or fund companies I write about