Utilities Select Sector SPDR Fund

Vanguard Real Estate ETF

iShares U.S. Telecommunications ETF

Health Care Select Sector SPDR Fund

SPDR S&P Biotech ETF

GGM Macro Alignment ETF

Guggenheim Credit Allocation Fund operates as a mutual fund closed-end investment. It seeks to achieve a total return of current income and capital appreciation. The company was founded on June 7, 2012 and is headquartered in Chicago, IL.

GGM is an actively managed fund-of-funds that seeks long-term capital appreciation by dynamically shifting investments best suited for the prevailing macroeconomic environment. Holdings consist of five underlying ETFs representing distinct US equity market sectors, sub-sectors, and market styles, including fixed income.

GGM Wealth Advisors has launched an active ETF that aims to beat the market through a full economic cycle. The GGM Macro Alignment ETF (NYSE Arca: GGM) seeks long-term capital appreciation by dynamically shifting among sectors and styles best suited for the prevailing macroeconomic environment.

GGM Targets Sectors and Styles for Current Macroeconomic Environment

Guggenheim Strategic Opportunities Fund

Guggenheim Enhanced Equity Income Fund

GPM and GGM's merger into GOF is complete. Decline of GOF's premium prevented the merger arbitrage from being more profitable.

GOF: Acquisition Of GPM And GGM Completed

Liberty All-Star Growth Fund

BlackRock 2022 Global Income Opportunity Trust

Blackrock Long-Term Municipal Advantage Trust

BlackRock Utilities Infrastructure & Power Opportunities Trust

Central Securities

Cornerstone Strategic Value Fund Inc

Cornerstone Total Return Fund Inc

BNY Mellon Municipal Bond Infrastructure Fund, Inc. 

Angel Oak Financial Strategies Income Term Trust

General American Investors

Gabelli Go Awhr Registered Shs

Gabelli Utility Trust

Highland Income Fund

New American High Income Fund

Western Asset Investment Grade Defined Opportunity Trust

Nuveen Diversified Dividend And Income Fund

Nuveen Tax-Advantaged Total Return Strategy Fund

Nuveen Tax-Advantaged Dividend Growth Fund

Barings Corporate Investors

Barings Participation Investors

Mexico Equity & Income Fund Inc

Nuveen Municipal Value Fund Inc

15 out of 24 CEF sectors positive on price and 6 out of 24 sectors positive on NAV last week. PCF and RIV rights offering results.

Weekly Closed-End Fund Roundup: PCF, RIV Rights Offering Results, Guggenheim Mergers Completed (November 14, 2021)

NEW YORK, Oct. 25, 2021 (GLOBE NEWSWIRE) -- Guggenheim Investments announced today that the mergers (each, a “Merger” and together, the “Mergers”) of Guggenheim Enhanced Equity Income Fund (NYSE: GPM) and Guggenheim Credit Allocation Fund (NYSE: GGM) with and into Guggenheim Strategic Opportunities Fund (NYSE: GOF), each a closed-end fund (each, a “Fund” and together, the “Funds”), were completed prior to the open of the New York Stock Exchange on October 25, 2021.

Guggenheim Investments Announces Completion of the Mergers of GPM, GGM and GOF

Blackrock Health Sciences Trust

DNP Select Income Fund Inc

Gabelli Global Utility & Income Trust

PIMCO Corporate & Income Strategy Fund

PIMCO Dynamic Income Fund

Pimco Income Opportunity Fund

Reaves Utility Income Fund

There were a total of 7 closed-end funds that have never cut their distributions with inceptions before 2008/09's GFC. We will see the loss of one of those names with PKO set to merge with PDI.

Closed-End Funds: Revisiting The Funds That Have Never Cut Distributions And Have An Inception Pre-2008

Virtus AllianzGI Diversified Income & Convertible Fund

Virtus Artificial Intelligence & Technology Opportunities Fund

Blackrock Core Bond Trust

BlackRock Science & Technology

Calamos Dynamic Convertible & Income Fund

Calamos Convertible And High Income Fund

BlackRock Enhanced Capital and Income Fund

Calamos Strategic Total Return Fund

Flaherty & Crumrine Dynamic Preferred & Income Fund

DoubleLine Income Solutions Fund

Eaton Vance Enhanced Equity Income Fund II

Eaton Vance Tax-Advantaged Global Dividend Income Fund

Eaton Vance Tax Advantaged Global Dividend Opportunities Fund

Eaton Vance Tax-Advantaged Dividend Income Fund

Gabelli Dividend & Income Trust

John Hancock Tax-Advantaged Dividend Income Fund

Macquarie Global Infrastructure Total Return Fund Inc

Nuveen Select Tax-Free Income Portfolio

John Hancock Premium Dividend Fund

Cohen & Steers Select Preferred and Income Fund

A reliable selection criterion for building a portfolio of funds that are likely to produce above-average returns over the long haul is the goal of every CEF investor. For me, the flexible combination of a positive NAV since inception, discount on NAV, and leverage represents a practical rule of thumb for long-term CEF investing.

CEF Focus Investing - My Rule Of Thumb In Action

Apollo Senior Floating Rate Fund

Apollo Tactical Income Fund, Inc.

John Hancock Financial Opportunities Fund

Center Coast Brookfield MLP & Energy Infrastructure Fund

MFS Intermediate High Income Fund

MFS High Yield Municipal Trust

MFS High Income Municipal Trust

MFS Investment Grade Municipal Trust

Delaware Investments Dividend and Income Fund

Delaware Enhanced Global Dividend & Income Fund

Western Asset Mortgage Opportunity Fund

Eaton Vance Floating-Rate 2022 Target Term Trust

Wells Fargo Utilities and High Income Fund

Eaton Vance Short Duration Diversified Income Fund

Aberdeen Global Income Fund

First Trust Senior Floating Rate Income Fund II

Federated Premier Municipal Income Fund

Franklin Limited Duration Income Trust

Templeton Global Income Fund

Three out of 23 CEF sectors positive on price and six out of 23 sectors positive on NAV last week.

Weekly Closed-End Fund Roundup: Sept. 26, 2021

PIMCO Corporate & Income Opportunity Fund

Cohen & Steers Quality Income Realty Fund

Cohen & Steers Infrastructure Fund Inc

In the years since I first discovered CEFs, I have focused on formulating the best selection criteria for building a portfolio of reliable securities over time. I have developed a personal rule of thumb for long-term CEF investing, obtained by the flexible combination of three basic parameters: positive NAV since inception, discount on NAV, and leverage.

A Rule Of Thumb For Long-Term CEF Investing

NEW YORK, Sept. 14, 2021 (GLOBE NEWSWIRE) -- Guggenheim Investments announced today that shareholders approved the mergers (each, a “Merger” and together, the “Mergers”) of Guggenheim Enhanced Equity Income Fund (NYSE: GPM) and Guggenheim Credit Allocation Fund (NYSE: GGM) with and into Guggenheim Strategic Opportunities Fund (NYSE: GOF), each a closed-end fund (each, a “Fund” and together, the “Funds”). Subject to the satisfaction of certain customary closing conditions, the Mergers are expected to be effective with the open of the New York Stock Exchange on October 25, 2021.

Guggenheim Investments Announces Shareholder Approval of the Mergers of GPM, GGM and GOF

Credit Suisse X-Links Gold Shares Covered Call ETN

JPMorgan Equity Premium Income ETF

Nationwide Risk-Managed Income ETF

Invesco CEF Income Composite ETF

Global X NASDAQ 100 Covered Call ETF

Global X Russell 2000 Covered Call ETF

Global X Superdividend ETF

Credit Suisse X-Links Silver Shares Covered Call ETN

Credit Suisse X-Links Crude Oil Shares Covered Call ETN

Global X S&P 500 Covered Call ETF

YieldShares High Income ETF

If rationality is the winning weapon of the Capricorn, I hope it will help me in the field of finance, preventing me from acting on impulse in the short term. One of my recent decisions was to reduce my Cupolone Income Portfolio to 12 CEFs by liquidating my entire position in RNP.

My Income Portfolio - Opinions Of A Capricorn

Saba Closed-End Funds ETF

Navistar

Cohen & Steers Reit And Preferred Income Fund Inc

The Net Asset Value (NAV) for a CEF remains, for me, a primary measure of its overall health.

My Income Portfolio - NAV Of My Life

Calamos Convertible Opportunities And Income Fund

Invesco KBW High Dividend Yield Financial ETF

In the summer of 2020, I created a small “piggy bank” portfolio consisting of six titles entirely dedicated to ETFs and ETNs as an adjunct to my Cupolone Income Portfolio. I named this new portfolio my Giotto Income Portfolio, in honor of the famous Florentine painter and architect.

Boosting My ETF Income Portfolio

The boards have proposed a merger of GPM and GGM into GOF. The reorganization requires shareholder approval.

GPM, GGM Into GOF: The Guggenheim CEF Merger Proposal And How To Play It

PIMCO Dynamic Credit and Mortgage Income Fund

PIMCO Dynamic Income Opportunities Fund

PIMCO surprised investors by announcing a merger of two of their most popular funds into a third.

PIMCO Enters The Merger Game: What Are The Implications?

NEW YORK, April 20, 2021 (GLOBE NEWSWIRE) -- Guggenheim Investments announced today that the Boards of Trustees of each of Guggenheim Strategic Opportunities Fund (NYSE: GOF), Guggenheim Enhanced Equity Income Fund (NYSE: GPM) and Guggenheim Credit Allocation Fund (NYSE: GGM), each a closed-end fund (each, a “Fund” and together, the “Funds”), approved the mergers of GPM and GGM with and into GOF, as outlined below.

Guggenheim Investments Announces Board Approval of the Mergers of GPM, GGM and GOF

Liberty All Star Equity Fund

Virtus Total Return Fund

One corner of the market where high yields run like water is closed-end funds (CEFs).

Got $300K? These Funds Could Let You Retire Now

With yields rising, managing interest rate risk should be at the front of investors' minds. GGM has a low effective duration, driven primarily by its holdings in senior bank loans and high yield bonds.

GGM: Less Duration Risk, But Charging A Premium Price

Last year was tough for everyone, including investors. Staying afloat in the financial markets involved considerable effort. Having reached the end of a troubled 2020, it is time to take stock of how the funds in my portfolio performed.

My Income Portfolio - Investing Wearies

The relationship between risk and return is of fundamental importance when choosing and evaluating a financial investment. For generations, investors have believed that risk and return are inseparable, convinced that the higher the returns, the greater the risks.

My Income Portfolio - The Risk-Return Paradox

ClearBridge Energy MLP Fund Inc

China Fund

ClearBridge Energy MLP Opportunity Fund Inc

Franklin Universal

KKR Income Opportunities Fund

RENN Fund

XAI Octagon Floating Rate & Alternative Income Term Trust

For the second consecutive month, equity CEFs on average posted negative returns, declining 0.41% on a NAV basis for October. While for the seventh month in a row, fixed income CEFs witnessed returns in the black (+0.03%).

The Month In Closed-End Funds: October 2020

My Income Portfolio - The NAV Evolution

News for GGM Macro Alignment ETF ETF (GGM)