Closed-End Fund Research

Raymond James offers a full-service Closed-End Fund Research Department, that provides advisors and investors with detailed information and recommendations on the entire universe of closed-end funds from our closed-end fund research analysts. Our team conducts ongoing due diligence and maintains continuous coverage of domestically traded CEFs, delivering clear, practical insights into a segment of the market that can be complex to evaluate.

To support informed decision-making, the department produces a series of recurring research materials. Each week, we share observations on undervalued and overvalued funds based on current market conditions, and our monthly Idea List highlights funds we view as attractive across a range of sectors. These publications offer timely perspectives intended to help advisors guide discussions with clients and stay current with developments in the closed-end fund space.

The department also offers three research-driven Model portfolios aligned with distinct investor objectives. The High Income Model focuses on closed-end funds invested primarily in income-producing securities, seeking attractive taxable income. The Municipal Model consists entirely of municipal closed-end funds which provide tax-free income on a federal level. The Total Return Model seeks to balance long-term appreciation with modest income through a diversified mix of closed-end funds. These portfolios are monitored regularly and are updated on approximately a quarterly basis to reflect prevailing market conditions and underlying fund characteristics.

In addition to our core research and Model portfolios, the department makes available general product information on closed-end funds, including access to recent news and corporate action updates, broad educational materials covering valuation, income and structural considerations such as term funds. These resources provide additional context and support a clear understanding of the closed-end fund marketplace.

For more information about closed-end funds or to receive a sample copy of our research reports, please contact your financial advisor or use the convenient Office Locator today to find a Raymond James office near you.

Investing involves risk and investors may incur a profit or a loss.

Municipal bond interest is not subject to federal income tax but may be subject to alternative minimum tax , state or local taxes. Income from taxable municipal bonds is subject to federal income taxation; and it may be subject to state and local taxes. Municipal securities typically provide a lower yield than comparably rated taxable investments in consideration of their tax advantaged status. Investments in municipal securities may not be appropriate for all investors, particularly those who do not stand to benefit from the tax status of the investment. Please consult an income tax professional to assess the impact of holding such securities on your tax liability.

Investors should carefully consider the investment objectives, risks, charges and expenses of Closed-end Funds before investing. The prospectus and summary prospectus contains this and other information about Closed-end Funds. The prospectus and summary prospectus is available from your financial advisor and should be read carefully before investing.