Igor Kutyaev One of our largest positions on the taxable bond side has been with FS Credit Opportunities (NYSE:FSCO), a relatively new listed closed-end fund ("CEF") from FS Investments. Prior to November 2022, the fund was unlisted, providing only quarterly liquidity to shareholders up to 5% of shares. The conversion from a quarterly liquidity to intraday liquidity vehicle allowed investors to sell out late in 2022 when bonds were falling precipitously as rates rose and investors positioned for recessi ...