Field Notes on
Closed-End Funds

Investment insights and market analysis for institutional investors

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Essential Reading

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.

News
5 min read
Barron's: Skyward, Mr. Closed-End Fund
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.

All Posts

News
All
5 min read
PSN Top Guns Rating for Four Strategies Q3/2019
Excited to share that four strategies received PSN Top Guns for Q3/19: Municipal Bond...
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Excited to share that four strategies received PSN Top Guns for Q3/19:

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Municipal Bond: 1, 2, 3 Stars Municipals Universe

Preferred: 3 Stars All Maturity/Variable Universe

Fixed Income: 3 Stars Global Fixed Income Universe

Balanced: 3, 4 Stars Global / Intl Balanced Universe

News
All
5 min read
PSN Top Guns Rating for Four Strategies Q2/2019
Excited to share that four strategies received PSN Top Guns for Q2/19: Municipal Strate...
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Excited to share that four strategies received PSN Top Guns for Q2/19:

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Municipal Strategy- 1, 2 and 3 Stars Municipals Universe

Preferred Strategy- 3 Stars All Maturity/Variable Universe

Fixed Income Strategy- 3 Stars Global Fixed Income Universe

Balanced Strategy- 3 and 4 Stars Global / Intl Balanced Universe

News
All
5 min read
PSN Top Guns Rating for Five Strategies Q1/2019
Excited to share that five of the Firm's strategies achieved Top Guns status within the...
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Excited to share that five of the Firm's strategies achieved Top Guns status within the Informa Investment Solutions' PSN manager ranking database for 1Q/2019.

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What does Top Guns mean?

Receiving Top Guns status means that these strategies were "among the top 10 performers within one or more peer groups reporting to PSN (the longest-running investment manager database in North America).  PSN Top Guns performance rankings are tabulated for thousands of strategies across 58 peer groups subdivided by increasingly rigorous screens."  Contact us for full rankings.

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Highlights:

          Herzfeld Fixed Income ranks #1 for 1-3-5 year returns out of 212 products*

          Herzfeld Balanced ranks #1 for 1-3 year returns out of 380 products.*

News
All
5 min read
Pensions & Investments: Herzfeld Top Performing Manager Q1/2019
Pensions & Investments ranks two Herzfeld strategies #1 on Top-Performing Managers list...
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Pensions & Investments ranks two Herzfeld strategies #1 on Top-Performing Managers list for one and five-year returns, Q1/2019.

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See rankings and interview with Portfolio Manager Ryan Paylor here.

News
All
5 min read
★★★★★ 5-Star Overall Morningstar Rating™
Morningstar Ratings™ are out for Q1/2019: Thomas J. Herzfeld Advisors, Inc received 5-S...
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Morningstar Ratings™ are out for Q1/2019: 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 Four Strategies Q4/2018
Excited to share that four strategies received PSN Top Guns for Q4/18: Municipal Strate...
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Excited to share that four strategies received PSN Top Guns for Q4/18:

Municipal Strategy- 3 Stars Municipals Universe

Preferred Strategy- 3 Stars All Maturity/Variable Universe

Fixed Income Strategy- 3 Stars Global Fixed Income Universe

Balanced Strategy- 4 Stars Global / Intl Balanced Universe

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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