Weekly Commentary | March 29, 2026 | Discounts Widening, Resilient Funds, Take Out Yield
Summary
The CEF market saw accelerated discount widening across all categories, with energy/resource funds like NML and KYN outperforming amid heightened oil price risk.
I am incrementally adding to NML, PDX, DMO, PCM, and select preferreds, focusing on funds with wide discounts, right-sized distributions, and direct energy exposure.
Swaps and trims includ…
