Entering text into the input field will update the search result below

Latest In The World Of Senior Loan Funds (Blog Preview)

Mar. 19, 2021 11:47 AM ETAFT, BGB, BGT, BGX, BSL, DSU, FRA, FSLF, JFR, JQC, JRO, JSD, NSL, VTA, VVR3 Comments
Please Note: Blog posts are not selected, edited or screened by Seeking Alpha editors.

ETF investing, CEFs, Dividend Investing, Portfolio Strategy

Seeking Alpha Analyst Since 2014

CEF/ETF Income Laboratory is a premium newsletter on Seeking Alpha that is focused on researching profitable income and arbitrage ideas with closed-end funds (CEFs) and exchange-traded funds (ETFs). We manage model safe and reliable 8%-yielding fund portfolios that have beaten the market in order to make income investing easy for you. Check us out to see why one subscriber calls us a "one-stop shop for CEF research.”

Click here to learn more about how we can help your income investing!

The CEF/ETF Income Laboratory is a top-ranked newsletter service that boasts a community of over 1000 serious income investors dedicated to sharing the best CEF and ETF ideas and strategies.

Our team includes:

1) Stanford Chemist: I am a scientific researcher by training who has taken up a passionate interest in investing. I provide fresh, agenda-free insight and analysis that you won't find on Wall Street! My ultimate goal is to provide analysis, research and evidence-based ways of generating profitable investing outcomes with CEFs and ETFs. My guiding philosophy is to help teach members not "what to think", but "how to think".

2) Nick Ackerman: Nick is a former Financial Advisor and has previously qualified for holding Series 7 and Series 66 licenses. These licenses also specifically qualified him for the role of Registered Investment Adviser (RIA), i.e., he was registered as a fiduciary and could manage assets for a fee and give advice. Since then he has continued with his passion for investing through writing for Seeking Alpha, providing his knowledge, opinions, and insights of the investing world. His specific focus is on closed-end funds as an attractive way to achieve income as well as general financial planning strategies towards achieving one’s long term financial goals.

3) Juan de la Hoz: Juan has previously worked as a fixed income trader, financial analyst, operations analyst, and economics professor in Canada and Colombia. He has hands-on experience analyzing, trading, and negotiating fixed-income securities, including bonds, money markets, and interbank trade financing, across markets and currencies. He is the "ETF Expert" of the CEF/ETF Income Laboratory, and enjoys researching strategies for income investors to increase their returns while lowering risk.

4) Dividend Seeker: Dividend Seeker began investing, as well as his career in Financial Services, in 2008, at the height of the market crash. This experience gave him a lot of perspective in a short period of time, and has helped shape his investment strategy today. He follows the markets passionately, investing mostly in sector ETFs, fixed-income CEFs, gold, and municipal bonds. He has worked in the Insurance industry in Funds Management, helping to direct conservative investments for claims reserves. After a few years, he moved in to the Banking industry, where he worked as a junior equity and currency analyst. Most recently, he took on an Audit role, supervising BSA/AML Compliance teams for one of the largest banks in the world. He has both a Bachelors and MBA in Finance. He is the "Macro Expert" of the CEF/ETF Income Laboratory.


  • Senior loans should benefit from future interest rate increases.
  • We ran a screen to find the best valued senior loan funds.
  • Sign up for a free 2-week trial today to read the full commentary.

Our membership is exceptionally popular because we help you:

  • (1) Identify the most profitable CEF and ETF opportunities.
  • (2) Earn a ~8% dividend yield together with capital appreciation.
  • (3) Avoid the overpriced funds that can sink your portfolio.

The great news is that we’re currently offering a limited-time-only free trial so there's no better time to try us out! Start generating safe and reliable 8% yields from our portfolios today!

Best Present Ever!


Note from Stanford Chemist: This is an excerpt of an article currently in the member's section of CEF/ETF Income Laboratory - sign up for to receive the full analysis as soon as they are released to members  - start your 2-week free trial now! 

Several months ago we took an in-depth look at closed-end funds that invest in senior loans. We went over the pros and cons, and some unique risks that are present in CEFs. Of course, CEFs have to contend with the premium/discount mechanics in their structure - and they can also include leverage to make them more volatile as well. Several funds have now released their year-end data - so we will get an update of distribution coverage figures.

That being said, the main draw for senior loan funds at this time is the idea of increasing interest rates. Most of these investments are tied to floating interest rates tied to LIBOR plus a spread. Therefore, when rates do rise again in the future, these funds should see some of the first benefits. This is in contrast to other fixed-income investments such as; U.S. Treasuries, municipal bonds and other investment-grade corporate bonds.

Though as a friendly reminder, they will still have to break through the "floor" rate before seeing an impact. This means that it might not be as immediate until rates rise sufficiently enough. Stanford Chemist went more in-depth on this subject previously. Additionally, Jerome Powell is indicating that rates should be set to 0% for a considerable amount of time. In fact, they don't anticipate raising rates for at least a couple of years. That being said, you never can say it will never happen.

The data is from the closing on 03/12/2021. We will also be sorting the list from deepest discount to lowest discount. After the screening metrics we used above, we are left with 15 funds.




Distribution Rate

Distribution Coverage

5-Year NAV

10-Year NAV

Apollo Senior Floating Rate Fund







First Eagle Senior Loan Fund






Nuveen Short Duration Credit Opps Fund






Blackstone Long-Short Credit Income







Nuveen Senior Income







Blackstone Strategic Credit






Invesco Senior Income







Nuveen Credit Strategies Income Fund







Blackrock Floating Rate Income







Invesco Dynamic Credit Opp







Nuveen Floating Rate Income Opportunity







Nuveen Floating Rate Income







BlackRock Debt Strategies







Blackstone Senior Floating Rate Term







BlackRock Floating Rate Inc Strategies







(Source - CEFConnect/SEC Reports, compiled by Author)

To read the full analysis - start your 2-week free trial now! 


Income Generator portfolio distribution history

The Income Generator portfolio grew its income by +11.0% (from $11603 to $12882) in 2020. This highlights the power of "double compounding" from distribution reinvestment as well as our CEF rotation strategy, in allowing minor distribution cuts to be overcome, as well as not stretching for yield. Remember, no new capital was committed to the portfolios at any time.


Take advantage of our annual membership and free trial

Take us for a free trial! That allows you to test out our service on a no-risk, commitment-free basis. You'll also get to experience our vibrant community of over one thousand income-orientated CEF and ETF investors, counting numerous full-time and professional traders and investors amongst our ranks.

If you're not satisfied, simply cancel before your 2-week period is over and you won't be charged a single penny.

With an annual membership, you save 25% versus the monthly membership. There's no better time to try us out!

The CEF/ETF Income Laboratory membership normally costs $588 per year (on a monthly plan). That gets you 1000's of research hours conducted on your behalf each year by our team of experts which we share with our members at only a fraction of the cost. Today, you have the opportunity to access a discounted price of $439/year (25% off) by joining us on an annual plan.

All members are grandfathered for life at the membership rate that they signed up at (note: excludes any introductory discounts). So I highly suggest that you lock in the current rate while you still can.

Remember, "time = money", so being able to save hundreds of hours of time of CEF and ETF research each month with what amounts to the price of a cup of coffee every few days is truly an incredible bargain. And our members agree!


"Don't head into retirement without Income Laboratory!"

Consider reading some of the reviews that members of the community have left us!


CEF/ETF Income Laboratory: Profitable CEF and ETF Income and Arbitrage Ideas

Whether you're a novice or experienced closed-end fund ("CEF") and exchange-traded fund ("ETF") investor, the "Income Lab" is the right place for you. Our goal is to help you benefit from income and arbitrage strategies in CEFs and ETFs, all without having to be an expert, because we do the heavy lifting for you. If that sounds like something you'd be interested in, we hope you'll consider joining us here at CEF/ETF Income Laboratory.

We would love for you to join us. We are sure that you will enjoy our service and benefit from what we have to offer!


Stanford Chemist, Nick Ackerman, Juan de la Hoz and Dividend Seeker

Seeking Alpha's Disclosure: Past performance is no guarantee of future results. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. Any views or opinions expressed above may not reflect those of Seeking Alpha as a whole. Seeking Alpha is not a licensed securities dealer, broker or US investment adviser or investment bank. Our analysts are third party authors that include both professional investors and individual investors who may not be licensed or certified by any institute or regulatory body.

Recommended For You

To ensure this doesn’t happen in the future, please enable Javascript and cookies in your browser.
Is this happening to you frequently? Please report it on our feedback forum.
If you have an ad-blocker enabled you may be blocked from proceeding. Please disable your ad-blocker and refresh.