best closed end fund newsletter

John Cole Scott: "Rate uncertainty creates values in muni bonds", The NAVigator. - Returns, default-rates, and new-issue volumes have often been outside the range of Wall Street analysts highest and lowest forecasts. San Francisco Chinese New Year Parade. It comes down to what at first blush seems to be a rather obscure fact: CEFs (which trade on the market, just like stocks or ETFs), generally have a fixed number of shares for the entirety of their lives. Any newsletter can have a bad year, and short-term returns arent predictive of anything. But here's confirmation that some information in financial statements doesn't quickly get incorporated into prices. Closed-End Fund Advisors, Inc. is an SEC Registered Investment Adviser. Closed-end funds are funds that have a set number of shares to trade. CEF Advisors' 30+ CEF/BDC Indexes: We recently launched 30+ indexes cover the entire closed-end fund (CEF) and business development company (BDC) universe. Published 11 November 19. investing Heres how to avoid that fate. Investors in traditional energy stocks tend to overlook anything with "sustainable" in the name, and renewable energy investors tend to be put off by the fund's holdings of pipelines. Closed end funds are traded on the secondary market through a stock exchange. Can they beat the indices? As I mentioned months ago, higher interest rates mean not only higher costs of capital for REITs (and all other companies, for that matter), but also more competition for income as bond yields become increasingly competitive. Read more. Closed end funds are subject to management fees and other expenses. its subsidiaries, partners, officers, employees, affiliates, or agents be held liable for any loss or damage caused by your reliance on information obtained. By Charles Lewis Sizemore, CFA At year-end 2021, 461 closed-end funds had total assets of $309 billionan increase of 9.8 percent from year-end 2020. That means we're getting a massive discount on an already cheap sector. We offer a performance table and a data table webpage summarizing each index. This is important now, because the financial media continues to pump out ridiculous answers to the question of how much most folks need to retire. Only time will tell. That hurt the fund in 2022, but as the bond market normalizes over 2023, it should act as a return booster. Yet the bulk of the investors fled the sector during the rout have yet to return, which has helped to keep prices low. Visit our corporate site. 10 wheat producers). See locating the leverage status using the closed-end fund screener for more information. read) Four of the biggest online brokers just cut their commissions to $0 per transaction. Therefore, depending on supply and demand, the share price of a CEF can diverge from its net asset value, or NAV, and trade at a premium or a discount. LLFA has no affiliations with any underwriter, brokerage firm, or trust company and is not a dealer or broker in securities. Published 3 March 23. Published 30 November 22. Premium Newsletters - Contrarian Outlook. With your subscription, you'll receive: Monthly issues of the Forbes/Fridson Income Securities Investor, Click here for a sample. By Steven Goldberg Weekly Closed-End Fund Roundup: February 12, 2023. Risk-adjusted returns have more predictive value than raw returns, countless academic studies have shown. Learn more about JRS at the Nuveen provider site. Closed-end funds (CEFs) are a relatively under-followed type of investment that often provide high income yields. But so does his fund selection, which includes a longtime overweight in health care stocks. Leverage magnifies returns, both positively and negatively. Portfolio management services are on a fee-only basis. Data Tables for CEF Advisors' 30+ Indexes: www.cefdata.com/index, Performance Tables for CEF Advisors' 30+ Indexes: www.cefdata.com/index/performance. John Cole Scott: How closed-end funds responded to the '23 hot start, The NAVigator. Muni CEFs put together portfolios of tax-free state and local bonds and add a little leverage to juice that tax-free yield even higher. Learn more about FDEU at the First Trust provider site. How to Pick the Best Robo Advisor For You. As a global manager of managers, we build portfolios for individual and institutional clients, through either direct work with clients or through financial advisors and planners. None of the information contained herein constitutes a recommendation that any particular security, portfolio, transaction, or investment strategy is suitable for any specific person. Luckily for us that number is way off. We feared that Europe, without Russian gas imports, would be in for a long cold season. Read more. These shares can track a variety of underlying assets, including equities, fixed income, commodities and even cryptocurrencies. It just goes to show that being famous isnt enough to have true financial freedom. CHY has been a great fund. - Marty Fridsons presentation at the CFA Society of New Yorks 31st High Yield Bond Conference describes the size, structure, and performance of the high yield bond market. Whether driven by Reddit users or tactical traders, volatile short squeeze stocks can generate huge returns. The potential returns here look juicy, which is why JQC is one of the best closed-end funds to buy. These ETFs offer a range of investing strategies. Published 16 December 22. John Cole Scott's crystal ball view of 2022 in closed-end funds, The NAVigator. price as of 01/23/2023 (YTD) $10.11 + 1.30 %. Health care stocks dominate this year's biggest stock market gainers. John Cole Scott: Higher yields and the case for CEFs, BDCs and interval funds with InvestmentNews anchor Gregg Greenberg, The NAVigator. All of my favorites have delivered superior risk-adjusted returns over the long haul. Why this sector should outperform for years to come, By Steven Goldberg But the letter has exhibited just two-thirds of the volatility of the index. Closed-end funds are often superior to more traditional open-end funds when it comes to income generation potential. Perhaps the. Is the original crypto making another comeback? The best closed-end funds will significantly boost your portfolio income and allow you to buy their underlying stocks and bonds at a discount. . But either way, it makes sense to own a little real estate, and JRS is a smart way to do so. If a newsletter doesnt give logical reasons for recommending some funds over others, youre unlikely to stick with it. Saratoga-Report is a local news aggregator web site for Saratoga Springs, NY and the city's surrounding towns. Gold went on to have a massive bull run that didn't top out until 2011. It doesn't really "do" anything. Last updated 25 October 22. stocks ALL FUND ADVISORS 1WS Capital Advisors LLC Aberdeen Asset Mgmt (Aberdeen Standard) Abrdn Asia Ltd abrdn Investments Ltd Adams Express Company Advent Capital Management LLC AllianceBernstein LP Allianz Global Investors US LLC Allspring Funds Management LLC Alpha Growth Management LLC . Gold has been trending higher since November, and if the dollar is potentially starting a multi-year bear market, then gold's rise could be just starting. John Cole Scott: "The difference between funds with discounts or premiums is more than pricing", The NAVigator. Does this fund have a high probability of outperforming the S&P 500 on a risk-adjusted basis? REIT yields are back to where they ought to be(land)lording over the vanilla S&P 500: We contrarians, of course, can do even better than the popular Vanguard Real Estate ETF (VNQ). Get Free Access Why closed-end funds? Use the newsletter as the best source for self-directed investing and for building your own income securities portfolio. If you decide to subscribe to a newsletter, resolve to stick with it for at least two or three years. Whether they pop this year or next, we shall see. New York, N.Y. 10001. Mutual funds are open-ended and actively managed, with shares being offered to the public. Discounts, however, are another story. The letter mostly uses exchange-traded funds, which stay recommended for two years, on average. For additional information see www.llfadvisors.com, or call 212-319-8903 or contact mlivian@llfadvisors.com. Distribution rate is an annualized reflection of the most recent payout and is a standard measure for CEFs. Closed-end funds often sell at massive discounts to net asset value (NAV). We may get a recession in 2023, but if you believe any slowdown is likely to be fairly shallow, the Nuveen Credit Strategies Income Fund (JQC (opens in new tab), $5.36) is a solid play. All else equal, this should benefit European stocks, as European stock markets tend to be full of older, more traditional value stocks. (opens in new tab), The 9 Best Monthly Dividend Stocks to Buy Right Now. Companies launch closed-end funds when going public to raise capital. Kiplinger is part of Future plc, an international media group and leading digital publisher. And as always, there's plenty you should know before getting an annuity for yourself. But when bond yields surged last year and bond prices collapsed REIT prices also fell in sympathy. The 3 Best Closed End Funds Of All Time (Paying Up To 8.6%) More From Forbes Feb 21, 2023,09:38am EST Financial Freedom Is 1 Click Away (Thanks To These 9%+ Dividends) Feb 20, 2023,11:20am EST. It's not even clear you should do that if you expect interest rates to continue rising. When you purchase through links on our site, we may earn an affiliate commission. Is it a temporary opportunity, trading at an unusually large discount to NAV? A dollar invested in our Medium Risk Portfolio would be worth $1.80 at the end of 2022. Learn more about MFM at the MFS provider site. While more than half its portfolio is in U.S. stocks, Europe accounts for a healthy weighting, too, with the highest allocations to the United Kingdom (10.7%), France (5.6%) and Switzerland (5.4%). At its most fundamental level, a CEF is an investment structure (not an asset class), organized under the regulations of the Investment Company Act of 1940. CEFA's Free BDC Universe Data Page: providing the first central location that we know of, for key BDC data on all US listed public business development companies (BDCs). A closed-end fund trades on an exchange like a stock. Learn more about ETG at the Eaton Vance provider site. * Includes 1.06% in management fees, 0.08% in other expenses and 0.44% in interest expenses. The euro performed well relative to the dollar. Published 6 December 19. To learn more about our firm, download our firm's profile presentation. The CEF/ETF Income Laboratory is a top-ranked newsletter service that boasts a community of over 1000 serious income investors dedicated to sharing the best CEF and . The ONLY Newsletter providing ADVICE onBONDS, PREFERRED STOCKS, CONVERTIBLES, and other income securities. Data is as of Jan. 30. Discounts, 4. But readers, who rightfully recognize me as a PIMCO fanboy, have written in to ask what's up. One of the many tools in the passive income investor's toolkit is the Closed-End Fund (CEF). The SPDR Gold Shares (GLD (opens in new tab)) offers exposure to the yellow metal in an ETF wrapper, for example. The suits at Merrill Lynch say you need at least $738,400 to retire well. One potential beneficiary in 2023 is the First Trust Dynamic Europe Equity Income Fund (FDEU (opens in new tab), $12.44). The letter costs $175 annually. Suppose that an open-end income fund is opened to investors and issues 10 million shares at $10 each, raising $100 million for the fund, which it subsequently . Thats in addition to getting a much bigger dividend than the typical S&P 500 stock dribbles out: 7%+ payouts are, of course, common in the CEF space. John Cole Scott: "No time like the present for tax-loss sales", John Cole Scott quoted in FundFire article 'Cliffwater's $8B Interval Fund Leads Way as RIA Market Sales Boom', The NAVigator. By Steven Goldberg Would I be better off owning this active fund, or its passive benchmark? Investing for Income The fund is free to seek income opportunities as they arise, with underlying assets comprised of everything from mortgage-backed securities, investment-grade and high-yield corporate bonds, and emerging-market corporate and government bonds. By Steven Goldberg That's been a rough business to be in since the domestic energy glut became an issue in late 2014. Learn more about TEAF at the Ecofin provider site. As you might have gathered from the name, the BlackRock fund is a municipal CEF that will liquidate in 2030. 1.50% or less. Over the last decade, it's . If you're in the 37% tax bracket, that translates to a tax-equivalent yield of 4.9%. And this might seem normal given that most of the world's largest and most innovative growth and technology companies reside in the good, ol' U.S. of A. A CEF is a type of investment company whose shares are traded on the open market, like a stock or an ETF. Over the past 15 years, the letters portfolios have returned an average of 7.2% annualized, beating the S&P 500 by 2.7 percentage points per year and doing so with 15% less volatility than the index. Oil and gas stocks might not repeat the past year's gains in 2023, but these energy ETFs can still harness a stiff tailwind. No-Load Mutual Fund Selections & Timing is Hulberts top performer over the past 10 and 15 years, but I find it difficult to follow. But BTT is a good place to park cash for the rest of this decade to get a competitive, tax-free yield. The growth in total assets in 2021 was primarily driven by rising US stock prices and increased demand for both equity and bond closed-end funds. But in picking the four best fund newsletters for you, the investor, Ive also considered other factors. Our portfolio tools give you the latest closed-end fund data at your fingertips, so you can screen, sort and track funds, set automated alerts, read news updates, and more. And here's the best part of all: CEM trades at a nearly 14% discount to NAV. Failing to spread your risk across different security types (preferred stocks, closed-end funds, convertibles, dividend stocks, and more); Holding on following significantly negative developments that may not be widely reported. Learn more about EMO at the Clearbridge provider site. Or we might see several more quarters of high inflation. Mutual funds are open-ended. The Scott Letter: Closed-End Fund Report The Scott Letter, first published in 1988, was regularly published by CEFA for many years. Future US, Inc. Full 7th Floor, 130 West 42nd Street, MDCEX CEFA's global investing utilizes a value approach of reasonable risk-taking, tempered by careful analysis of all the underlying factors before investing in potentially more than 40 markets worldwide. Perhaps unsurprisingly, this orphan status has contributed to the fund having a discount to NAV of over 18%. NY 10036. Closed-End Fund Advisors has its corporate headquarters in Richmond, Virginia. No editions have been produced or published since July 2018, however, and CEFA currently has no plans to resume publishing. He has written numerous articles on bonds and fixed income investing and has authored six books. Following the dot-com crash of 2000-2002, European stocks performed exceptionally well as investors fled the growth-centric U.S. market and rotated into the more value-centric European markets. A closed-end fund is a type of investment company whose shares are traded on a stock exchange or in the over-the-counter market. Investors acquire shares of a fund on a securities exchange at market value. 244 Fifth Avenue, Suite L229 And when it comes to CEFs, theres one all-too-common mistake I see folks make time and time again, particularly those who are new to these high-yielding funds. How does its current price compare to its NAV? A closed-end fund is a type of investment company that pools investor contributions together to buy a mix of securities, such as stocks and bonds. Last updated 14 March 20, investing Thornburg 2023 Outlook: CEO's Perspective Thornburg's CEO Jason Brady unpacks the forecast of 2023. Make This Easy Mistake and Youll Miss the Best 7%+ Dividends, This Dividend Stock Pays 5.7%, Can Return Another 79%, This Hack Lets Us Tap ChatGPT for 6% Dividends, These 9%+ Dividends Could Set You Financially Free Tomorrow, Theyre partly the result of low fertilizer prices, which cant last because , The world needs more food: according to the UN Food and Agricultural Organization, global food demand will soar 70% by 2050, and . Published 30 April 19, stocks By Steven Goldberg CHARLOTTE, N.C., March 1, 2023 /PRNewswire/ -- The Allspring Income Opportunities Fund (NYSE American: EAD), the Allspring Multi-Sector Income Wednesday, 01 March 2023 06:20 GMT So anyone buying today can enjoy the 8.2% dividend while waiting for the discount to close. 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Published 18 March 19. - A lot of the investment advice you hear on TV doesnt really apply to you as an individual investor with a long-term perspective. Adams Diversified Eq Inc (ADX) N: 17.92: 15.24-15.-8.5: Central Secs (CET)-c : A: 41.99: 35.04-16.6 Speaking of energy, good old fashioned oil stocks were some of the best performers in 2022 and the energy sector entered 2023 with strong momentum. STKs portfolio mainly consists of large-cap tech stocks: Apple (AAPL), chipmaker Broadcom (AVGO) and Microsoft (MSFT) are among its top holdings. Read more. That came straight from the companys $10-billion investment in OpenAI, ChatGPTs developera move that paid off: Microsoft has its search-engine game back after Bing spent the last decade in the dumpster with 90s throwbacks like AskJeeves and Yahoo. Read more. Registration as an investment adviser does not imply any level of skill or training. Why you should consider investing in this terrific fund now. John Cole Scott dispels the notion that closed-end funds are only suited for retirees. 2023 Closed-End Fund Association, Inc. All Rights Reserved | Developed and Managed by SGI, Thornburg 2023 Outlook: CEO's Perspective, Thornburg 2023 Outlook: Global Fixed Income, Cohen & Steers: 3 Reasons to Consider Preferreds When Rates are Rising, Cohen & Steers: Strong Foundations The Case for Real Estate Securities, New York Life: MEGI Quarterly Conference Call, OFS Credit Company Declares Common Stock Distribution, BlackRock Multi-Sector Opportunities Trust II Announces Distribution, BlackRock Multi-Sector Opportunities Trust Announces Distribution, Distribution Dates and Amounts Announced for Eaton Vance Closed-End Funds, Distribution Dates and Amounts Announced for Certain BlackRock Closed-End Funds, Angel Oak Financial Strategies Income Term Trust Declares March 2023 Distribution, BNY Mellon Municipal Bond Closed-End Funds Declare Distributions, Virtus Total Return Fund Inc. Love em or hate em, annuities are back. Forty cents. Finally! Learn more about JQC at the Nuveen provider site. Best & Worst Free Cash Flow Stocks Best Seller! Fund Advisors. John Cole Scott the high number of closed-end funds are currently trading at premiums, The NAVigator. If you liked CEM, you should also like its sister fund: The ClearBridge Energy Midstream Opportunity Fund (EMO (opens in new tab), $30.67). Saba Closed-End Funds ETF (CEFS) Distribution Yield: 9.1% 3-Year Average Annual Return: 13.0% CEFS is an actively-managed ETF that seeks to generate high income by investing in closed-end. ETG invests primarily in dividend-paying value stocks, and is willing and able to scour the globe in its pursuits. Once issued, the shares then trade on the secondary market between individual investors. As market. John Cole Scott talks about The Key Features of a Listed Closed-End Fund and What Makes Them Compelling Investments, The NAVigator. - Cryptocurrency has gotten a bit less cryptic recently. Changes and developments for companies where a recommendation was made. Investor Psychology When it comes to closed-end funds (or any investment, for that matter), it pays to look for things most people misunderstand. Be careful, or you could be a big loser. ET for options on the SPX and SPXw (SPX Weeklys and SPX End-of-Month) and Sunday 5 p. Today's volume of 9,078 shares is on . REITs are a fine way to get exposure to real estate. A comparison by current income volatility, safety of dividend, impact of M&A activity, and more. and have not been previously reviewed, approved or endorsed by any other A closed-end fund, or CEF, is an investment company that is managed by an investment firm. Click here to view his presentation: - Hope you'll join me at the Money Show Virtual Expo! From 2008 to 2021, the U.S. was the unquestioned leader of the global bull market. Site contents document.write(new Date().getFullYear()) BNK Invest, Inc. Site design document.write(new Date().getFullYear()) Erie Eyrie Software. The interest from bonds issued by state or local governments is generally tax-free at the federal level. But you also get the opportunity to enjoy a 7.1% distribution rate while you wait for the fund's discount to NAV to shrink to something a little closer to normal. The Nuveen Credit Strategies Income Fund trades at a 9.8% discount to NAV. Like CEM, EMO invests primarily in a portfolio of oil and gas pipeline stocks. However, closed-end funds have several important differences compared to the mutual . CEFA Non-Profit Foundation Diversified Income, 7. John Cole Scott: "Comparing floating-rate and senior loan funds with preferred-securities funds", The NAVigator. * Includes 1.50% in management fees, 0.28% in other expenses and 0.50% in interest expenses. Land and building prices tend to at least keep pace with inflation over time, and commercial rental contracts will generally have rent escalators that will rise. And you know what else did? I find ISI to be a great source for income investing.. Reports on new developments in the fixed income market and educational pieces. After all, more time, more things that can go wrong. (opens in new tab), The 6 Safest Vanguard Funds to Own in a Bear Market. Food stocks have been hit hard this yearand we contrarian dividend shoppers can no longer ignore the bargains on offer! Visit our corporate site. - Here's why we're likely to look back on this as a good time to have increased exposure to income securities. Index Methodology, 2. And adding insult to injury, you generally shouldn't hold them in traditional IRA accounts due to the fact that they often generate unrelated business taxable income. Distributions can be a combination of dividends, interest income, realized capital gains and return of capital. Simple: The Fed. That means their market price can be different from their per-share net asset values (NAV, or the value of the stocks they hold in their portfolios). Read more. You want to find a tax preparer who's qualified, reasonable and knowledgeable to file your taxes. As befits a newsletter that recommends Vanguard funds, Wiener eschews market timing and, on average, holds funds nearly four years. John Cole Scott: The outlook for BDCs is strong heading into 2022, The NAVigator. Here are five of the best-paying closed-end funds to buy for 2023 and one fund trading at a juicy discount. But just as you'd never pay $1.10 for a dollar, you're generally better off avoiding CEFs trading a premium. The units are sold at a price based on Net Asset Value of the mutual fund that is launching the NFO. That same leverage also allows closed-end funds to sport some of the highest yields you're likely to find. Even at the high end, we're talking about an annual income stream of just $30,000--and that . Here are the best closed-end funds for income. LLFA focuses on income securities such as bonds, preferreds, ETFs MLPs, and Closed end Funds.

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