The $3.6 billion Nuveen AMT-Free Quality Municipal Income Fund (NEA - Get Report) is the largest tax-exempt closed-end fund (CEF) in the world. Jim Robinson, portfolio manager for the Robinson Tax-Advantaged Income Fund, suggests investors make it even bigger. "It has a trailing 5-year annualized NAV return of 6.54% versus 4.63% return for municipal bond indices. Plus, its current discount is 4% wider than the average fund in the universe," said Robinson. Robinson is also bullish on John Hancock Investors Trust (JHI - Get Report) , which has historically traded at an average premium of 1.6% the past 5 years, but is now trading at a 7.6% discount. Robinson is positive on the Blackstone/GSO Strategic Credit Fund (BGB - Get Report) , which sports a 12% discount, one of the widest discounts in senior bank loan funds. Finally, Robinson is a fan of the Western Asset High Income Fund II (HIX - Get Report) which has traded at an average premium of 1% over the past 5 years and now trades at a 6.6% discount.
TheStreet’s Fundamentals of Investing Course will teach you the keys to making the right decisions in any market.
TheStreet’s Personal Finance Essentials Course will teach you money management basics and investing strategies to help you avoid major financial pitfalls.
TheStreet Courses offers dedicated classes designed to improve your investing skills, stock market knowledge and money management capabilities.
More from Video
How a Former NYSE Trader Learned to Trade From His Dad
TheStreet honors Dad's this Father's Day. A former how his dad taught him to invest and the lessons he learned along the way.
Replay: Jim Cramer Breaks Down the Chewy IPO, Broadcom Earnings and the Fed
Jim Cramer is on the floor of the NYSE to talk about the Chewy IPO, the Broadcom earnings, and The Fed's meeting next week.
Debunking Myths About Gamers With Super League Gaming CEO Ann Hand
eSports is growing exponentially and thought leaders like Super League CEO Ann Hand is helping shape the future of the industry.