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There are some closed end funds that throw off a nice stream off income. Is there a place on the web that has a blog or site like Mutual Fund observer dedicated to Closed end funds?
Scott Thanks. Do you think it is worthwhile getting a subscription. I recently invested in a fund PDT. Kt has a steady 6.5-7% distribution and 21% 1 year ret. The only negatives are a relatively large ER and a discount of < 1%.. All the dividends are qualified so it is good for tax deferred or taxable accounts. Please comments Burt
This is my Top Two list of DEBT CEFs in descending order–
HIX Exp. Ratio 1.15% Ann. Div. % yield as of 12-10-11 10.17% Div. paid out Monthly
AWF Exp. Ratio 1.01% Ann. Div. % as of 12-10-11 8.40% Div. paid out Monthly
My Top Two list of EQUITY CEFs in descending order –
DNP Exp. Ratio 2.20% Ann. Div. % as of 12-10-11 7.10% Div. paid out Monthly
UTF Exp. Ratio 2.36% Ann. Div. % as of 12-10-11 9.00% Div. paid out Quarterly
Obviously, you’ll want to subtract the Expense Ratio from the Yield to arrive at the Spread (actual return) Each of these has outperformed the S&P 500 index YTD and has decent trading volume.
For discussion groups you might want to take a look at joining the Yahoo CEF discussion group or the M* CEF discussion group. I've used both quite a bit.
That is what I am looking for a discussion group so that I can educate myself about individual CEF's. That is what I did with FA which has greatly benefited my portfolio.
I have also invested in RNCOX and I am interested in learning if there are other similar open endede mutual funds which have portfolios of CEF's . Are there any?
First learn about CEF's, they aren't for everyone. Ted provided a link that will give you the basics. Many of these inflated dividends are just return of capital. Return of capital must be deducted from your cost basis as it is nothing more than the fund sending your money back to you.
Comments
Thanks. Do you think it is worthwhile getting a subscription.
I recently invested in a fund PDT. Kt has a steady 6.5-7% distribution and 21% 1 year ret. The only negatives are a relatively large ER and a discount of < 1%.. All the dividends are qualified so it is good for tax deferred or taxable accounts.
Please comments
Burt
Regards,
Ted
http://www.cefa.com/
You might want to look at these CEFs.
This is my Top Two list of DEBT CEFs in descending order–
HIX
Exp. Ratio 1.15%
Ann. Div. % yield as of 12-10-11 10.17%
Div. paid out Monthly
AWF
Exp. Ratio 1.01%
Ann. Div. % as of 12-10-11 8.40%
Div. paid out Monthly
My Top Two list of EQUITY CEFs in descending order –
DNP
Exp. Ratio 2.20%
Ann. Div. % as of 12-10-11 7.10%
Div. paid out Monthly
UTF
Exp. Ratio 2.36%
Ann. Div. % as of 12-10-11 9.00%
Div. paid out Quarterly
Obviously, you’ll want to subtract the Expense Ratio from the Yield
to arrive at the Spread (actual return)
Each of these has outperformed the S&P 500 index YTD and has decent trading volume.
Flack
That is what I am looking for a discussion group so that I can educate myself about individual CEF's. That is what I did with FA which has greatly benefited my portfolio.
I have also invested in RNCOX and I am interested in learning if there are other similar open endede mutual funds which have portfolios of CEF's . Are there any?
prinx
RNDLX is a mix of Doublelines (Grundlach) bond expertise and RiverNorth's CEF juggling.
http://news.morningstar.com/articlenet/article.aspx?id=449745
Also, I strongly agree with Ed that you learn about them before jumping in