CEF
Sprott Physical Gold and Silver Trust
stock NYSE ETF

I’ve found many of the CEFs already mentioned to be excellent *post retirement* for a dude like me who just wants the steady monthly income without the bother of selling assets monthly. I was previously invested in growth during my “accumulation” phase in life and then converted the assets to div producers, eventually settling on mostly CEFs. When I started, I avoided funds heavy on ROC, but later have added funds with “good ROC”, i.e. ROC is part of the div without NAV erosion. Obviously, I’m not reinvesting the divs since I’m living off the income. My CEF “bucket” is only one part of my retirement income strategy, but has worked out far better than I planned. I needed to make 6-7% pretax to be comfortable but currently clearing 8-9%. Portfolio principal wobbles up and down slightly (currently up about 5%), but div bucks roll in consistently. I don’t sweat taxes as I’ve priced them into the expense budget.

With the CEF Connect website you can track NAV and Price performance. Using the tickers discussed in this thread and tracking them over 5 years is interesting. I am researching UTF and ASGI, both infrastructure focused CEFs.

Not a CEF.

They are generally taxed as ordinary income, though some portions may be treated as capital gains or even return of capital. The specific tax treatment will depend on the fund's investment experience and distributions throughout the year, and will be detailed on a [Form 1099-DIV](https://www.google.com/search?cs=0&sca_esv=2154c13314f6767c&sxsrf=AE3TifPxjt2BFsE_XzyplEDs35BMYqtjTA%3A1752895364182&q=Form+1099-DIV&sa=X&ved=2ahUKEwjdzuSL_MeOAxWDs4QIHY_qIkIQxccNegQIBBAB&mstk=AUtExfCdPa9Z8AUg_CG8iiK4wqL5h2iWErO54EaAGoPIOsDBmtXbkGtL2UOWJgUIcOA-jLg7XjMTPV8M35tKYExy6sGqG0k5U9MhggQn_sRcGElHAk7fF6Va8FZ3xHq8ZIBs3gyy2oOx9WYkYC1WSRx_6PiCBSFGMu0sYRC5IJ_x85EbepqOLeswv6E_uY_2sM7uXZzUTyYHSwZyam9J1e8e5PzCn2X-1tC308cOipi2a6bF8MonGE5x-1-D7_Uo6on-ISip_AxFh3JBOe03UCJvJ0KweNDWstZdSvg6YbzwRywp4Q&csui=3) provided by the fund. 
You shouldn't even be considering CEF's unless you are looking at living off said funds. For income investors like myself however, they are a valuable way to diversify & offer higher yields on smaller nest eggs.

Mostly ETFs and CEF withmosted invested for dividend income. I also have some in growth ETF and a small number of individual stocks. Not planning to add more individual stocks.

PSLV seems legit. CEF also holds silver. SIL and others are more “paper silver” CDE and HL are oldest listed NYSE companies for a reason.

I have QQQI 13% yield, ARDC 12%, SPYI 11%, EIC 10 %, PBDC 9%, RLTY 8%, UTG 7%, UTF 7%, SCYB 7%, PFFD 6%. Some are ETF and other are CEF.
The book the income factory list 68 funds the author has used and several examples. There is also Armchair income invest in similar way to the book. He list 38 funds he uses and he does detailed reviews of some of them and occationally interviews fund managers and the writer of The Income Factory. These are two very gould resources.
I am retired and live off of 80% of my income and reinvest the rest to hopefully keep up with inflation.

ADX's history makes it hard to bet against.
I own the CEFS etf. The expense ratio is high because you're paying each CEF + the one for them to actively manage & upkeep the portfolio. However I wanted CEF exposure + 8ish % dividend.
After some research I saw the ECAT was the largest holding in CEFS. Hard to beat against Blackrock, so I added some of that as well.
Then I researched sectors I wanted to invest in. THQ is a healthcare based one with a 10+ history, so I picked it up. That sector has been beat down with all the JFK fud.
NXG is an infrastructure one with a good history.
I felt like my CEF coverage was fairly diversified with those.

Our "income account" is in CEF's, covered call funds, etc.
We are very happy with the performance over the past several years and have shift a few funds out and replaced.
The thing is, we consider this to be a high risk income strategy due to leverage, and counter party risk.
Thus, I would make sure that you can absorb a horrible cut in dividends of like 50% to your entire account if you go this way. Sure the odds are very low that it will happen, but I am pretty conservative when it comes to being able to pay my bills and survive.

PIMCO CEF holder.
PDO get me $ 4K per month ( drip) at 450k. Like clockwork. Two years running.

As I have repeatedly stated, it is speculative until new rules and guidance are published.
Also - you may be misunderstanding the differences between a PE manager and a PE fund. It's going to be more important to have rules on fund leverage. I am guessing that it will be similar to how a public CEF which uses leverage work today. Leverage is already present in publicly traded funds.
What I would be watching for is that the vast majority of private market funds today are not '40 Act funds. I actually don't even know if I've ever seen a '40 Act PE fund. So that itself will be interesting to see how regulators figure that out.
I also took a quick look through the post. I have mentioned liquidity as a risk. The other risk which I assumed people understood but no one has mentioned is price discovery of equity assets. I think that debt assets will be simpler to price simply based on credit quality and duration.
But I do think that price discovery will be a challenge for any fund that plans to hold private equity.
A TDF normally has multiple sub-advisers managing different sleeves - I would expect that if a TDF holds any private market assets whether it's debt or equity - it will simply be some smaller allocation relative to the other sleeves which is managed by a PE manager. It's unlikely that a TDF would fail simply due to a significant draw-down of a single sleeve.

Not more than 5% in any one holding, invest across various sectors and types of investments (REITS, CEF, MLP, Equity, Bonds, covered call etfs, etc). Some examples; JEPI, BND, BST, RLTY, CEFS, CLOZ, QQQI, FSCO, BALI, ADX, IDVO, IBIT, BTCI, BSM, MPLX, ARCC, PBDC, PFFA, etc. I like to hold RSP,SCHD, and VOO also. I don’t drip, I look at my portfolio a couple times a month and buy whatever is the best value at the moment. If nothing looks interesting I’ll park money in TLT or BND until I need it. Understand what you own, keep educating yourself constantly. Good luck on your journey

Ibkr due to its massive area of operation does not participate in CEF drip at nav deals. This is something that ibkr and the individual cef companies would have to workout. Ibkr is great for literally anything aside from that though. I use etrade just for CEF but at nav and rights offerings and ibkr for everything else.

consider JAAA, paying 5.32% {30 day SEC yield} It is a Janus Henderson CEF holding CLO collateralized loan obligations of only Triple A rated corporate debt tranche. NO AAA rated CLO has ever defaulted in US history, even during great recession etc. So default risk is minimal, not zero risk like a Tbill, but functionally almost. In worst year for US Bonds since 1777, in 2022, JAAA fell 3.2% then regained that loss in a year, so heck of a stress test. It is very liquid, ie narrow daily spread.

That's exactly what happened. A real eye-opener for me as to the facinating psychological aspect of having 'a guy' - what does it take for a client to leave? Surely a sophisticated client like my wifes grandparents would have noticed that the returns paled in comparison to the broader market over that interval of time, right? That one portfolio was not their only pot of money, by a long shot - so it's not a situation where they expected modest returns of a majority TIPS/bond portfolio as they lived from the portfolio proceeds - they weren't even withdrawing anything from it over that ten years. It was actively traded into any and all - individual stocks, random junk/high fee CEF's, ETFs, gold, oil - you name it.
It was very difficult for me to even do a decent backtest because many of the junk tickers originated and liquidated during small windows of one to two years from inception to liquidation or merger.
It still baffles me as I type this four years after the fact and they stayed with him. I honestly wouldn't believe it had I not seen it with my own eyes.

Would something like Sprott PHYS/PSLV/CEF be safe from that? Since it’s (supposedly) physically backed?