Field Notes on
Closed-End Funds

Investment insights and market analysis for institutional investors

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Essential Reading

Publications
5 min read

Sample Publication

Read Article: Thomas J. Herzfeld is interviewed by Barron's and called Mr. Closed-End Fund
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Read Article: Thomas J. Herzfeld is interviewed by Barron's and called Mr. Closed-End Fund.

News
5 min read
★★★★★ 5-Star Overall Morningstar Rating™
Thomas J. Herzfeld Advisors, Inc. is excited to announce it received four 5-Star Overal...
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Thomas J. Herzfeld Advisors, Inc. is excited to announce it received four 5-Star Overall Morningstar Ratings™ for the quarter ended December 31, 2024.

News
5 min read
Bloomberg: Muni Bond Funds Set Up for 20% Gains Even After November’s Surge
Leveraged closed-end funds rallied with broader market Steep discount, Fed cuts, activi...
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Leveraged closed-end funds rallied with broader market Steep discount, Fed cuts, activism seen powering returns

Municipal bond funds that use borrowing as a way to juice returns had a banner month in November, surging almost 12%. Some market watchers say that’s only just the start.

Leveraged closed-end muni funds rallied along with the broader market as evidence of slowing job growth and cooling inflation convinced traders that the Federal Reserve’s rate-rise cycle is over. Further gains may be in store should the central bank pivot to cutting rates next next year, as many now expect.

News
5 min read
Confessions Of A Closed-End Fund Bargain Hunter
Forbes' William Baldwin interviews Erik Herzfeld about opportunities in the closed-end...
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Forbes' William Baldwin interviews Erik Herzfeld about opportunities in the closed-end fund space that are often missed by investors.

All Posts

News
All
5 min read
PSN Top Guns Rating for Five Herzfeld SMA Strategies Q2/2023
Herzfeld Fixed Income- 1 + 3 Stars in Global Fixed Income UniverseHerzfeld Foreign- 1 S...
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Herzfeld Fixed Income- 1 + 3 Stars in Global Fixed Income Universe

Herzfeld Foreign- 1 Star in Global/International Balanced Universe

Herzfeld Muni Bond- 2 + 3 Stars in All Maturity/Variable and Muni Universe

Herzfeld Special Situations- 3 Stars All Cap Universe

Herzfeld Preferred- 1 + 3 Stars All Maturity/Variable Universe


Disclaimer: Note that readers should review the criteria for each award as reflected on the third party’s webpage. In addition, any awards reflect past performance and may not reflect the current performance or status of the firm and may no longer be applicable. Contact us for more information on how the ratings are apportioned and for full disclosures regarding third party news and awards.

News
All
5 min read
Pensions & Investments: Herzfeld strategies make Top-Performing Managers list for Q1/2023
While bonds rallied in the first quarter of 2023 amid falling yields and hopes that the...
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News
All
5 min read
PSN Top Guns Rating for four Herzfeld SMA Strategies Q1/2023
Herzfeld Fixed Income- 3 Stars in Global Fixed Income Universe Herzfeld Foreign- 1 Sta...
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Herzfeld Fixed Income- 3 Stars in Global Fixed Income Universe

Herzfeld Foreign- 1 Star in Global/International Balanced Universe

Herzfeld Muni Bond- 2 + 3 Stars in All Maturity/Variable and Muni Universe and US FI Universe

Herzfeld Preferred- 3 Stars All Maturity/Variable Universe  


Disclaimer: Note that readers should review the criteria for each award as reflected on the third party’s webpage. In addition, any awards reflect past performance and may not reflect the current performance or status of the firm and may no longer be applicable. Contact us for more information on how the ratings are apportioned and for full disclosures regarding third party news and awards.

News
All
5 min read
★★★★★ 5-Star Overall Morningstar Rating™
Morningstar Ratings™ Q4/2022: Thomas J. Herzfeld Advisors, Inc received 5-Star Overall...
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Morningstar Ratings™ Q4/2022: Thomas J. Herzfeld Advisors, Inc received 5-Star Overall Morningstar Rating™ for three investment strategies.  

News
All
5 min read
PSN Top Guns Rating for three Herzfeld SMA Strategies Q4/2022
Herzfeld Fixed Income - 3 Stars in Global Fixed Income UniverseHerzfeld Muni Bond - 3 S...
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Herzfeld Fixed Income - 3 Stars in Global Fixed Income Universe

Herzfeld Muni Bond - 3 Stars in All Maturity/Variable and Muni Universe

Herzfeld Preferred - 2 and 3 Stars All Maturity/Variable Uni and US Fixed Income Universe


Disclaimer: Note that readers should review the criteria for each award as reflected on the third party’s webpage. In addition, any awards reflect past performance and may not reflect the current performance or status of the firm and may no longer be applicable. Contact us for more information on how the ratings are apportioned and for full disclosures regarding third party news and awards.

News
All
5 min read
★★★★★ 5-Star Overall Morningstar Rating™ 
Morningstar Ratings™ Q4/2022: Thomas J. Herzfeld Advisors, Inc received 5-Star Overal...
Read more

Morningstar Ratings™ Q4/2022: Thomas J. Herzfeld Advisors, Inc received 5-Star Overall Morningstar Rating™ for three investment strategies.  

From our desk
to yours, monthly.

Every month we share exclusive insights on closed-end fund opportunities and market trends. A quick, valuable read for institutional investors and family offices.

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