best closed end fund newsletter

02 Higher potential income and return The discount to NAV is one of the most appealing aspects of closed-end funds. Kiplinger is part of Future plc, an international media group and leading digital publisher. These REITs offer investors real estate exposure and a steady income stream. But will investors keep edging back in? The SPDR Gold Shares (GLD (opens in new tab)) offers exposure to the yellow metal in an ETF wrapper, for example. * Includes 1.06% in management fees, 0.08% in other expenses and 0.44% in interest expenses. Your newsletters are informative and helpful as I have very little experience with income securities., I was happy last month to renew my subscription for another two years. Nuveen is the #1 closed-end fund provider by AUM. These shares can track a variety of underlying assets, including equities, fixed income, commodities and even cryptocurrencies. A self-directed IRA can make sense in some situations, but investors must also understand the drawbacks. (opens in new tab). Investors, as a whole, actually earn less than the funds that they invest in. Not many people know this, but you can actually magnify the return of a regular stockjust by holding it through a closed-end fund (CEF)! Not too shabby! That's fantastic news for anyone looking to buy today. Love em or hate em, annuities are back. In fact, I've got a simple way that could let you bankroll your retirement on 32% less. John Cole Scott dispels the notion that closed-end funds are only suited for retirees. But so does his fund selection, which includes a longtime overweight in health care stocks. Each month our favorite security, for a variety of reasons, is featured on the front page. Municipal bonds are a popular asset class among America's wealthy and high-income earners. Ameritrade Symbol LookupNow TD AMERITRADE clients can use both TD AMERITRADE and AbleTrend 7. Portfolio management services are on a fee-only basis. We feared that Europe, without Russian gas imports, would be in for a long cold season. Read more. Rating changes by Moodys and Standard & Poors on recommendations. As market sentiment improves, that discount should shrink, adding additional returns to the fat 10.63% yield. Best Closed-End Funds to Buy Now. But why pay retail for them if you don't have to? But after years dealing with brutal competitive conditions, the energy infrastructure sector is the leanest and best capitalized it's been in living memory. A closed-end fund trades on an exchange like a stock. - A lot of the investment advice you hear on TV doesnt really apply to you as an individual investor with a long-term perspective. John Cole Scott explains why it's important for investors to have granular level data on closed-end funds, Nasdaq Trade Talks. 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 Rather than simply show up on your normal broker 1099-B or 1099-Div, MLPs come with complicated K1 tax statements. Closed-End Fund News and Analysis | Closed-End Fund Center Fund Market Insight Report: January 2023 Tom Roseen, Head of Research Services with Refinitiv Lipper provides his latest monthly review of closed-end funds. 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 . Closed-End Fund Advisors ("CEFA") is a fee-based Registered Investment Advisory firm founded in 1989. But here's the fun part and what makes TEAF one of the best closed-end funds to own: The CEF is designed to liquidate in 2031. 3 and No. This was certainly the case during the last bear market in tech. Newsletters Issue Date of Most Recent Profile . 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. But BTT is a good place to park cash for the rest of this decade to get a competitive, tax-free yield. Like Buying Microsoft, But With a 6% Dividend (Paid Monthly). His five portfolios hold funds an average of 1 years. In a "normal" year, that acts as a return booster. They represent a rather small and inefficient market, which allows patient investors to pick up deeply undervalued assets during periods of weakness. Another nice aspect of CEFs is that, unlike mutual funds, they can use debt leverage to juice their returns. They are often set up in series. That's why closed-end funds typically outperform ETFs focusing on the same market sector. Food supply is tight, no thanks to droughts and Putins disastrous war (Russia and Ukraine are the worlds No. Contrarian Income Report. 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 . As market. Editor Jim Lowell offers solid investment advice amid a sea of nautical metaphors. When you purchase through links on our site, we may earn an affiliate commission. The kids had their slices. For example, one of our favorite pastimes is purchasing closed-end funds (CEFs) when they trade for ninety cents or so on the dollar. And there's an inflation angle as well. CEFs have initial public offerings (IPOs) like stocks, and there is a fixed number of shares that then trade on the stock market. A few weeks back, bond giant PIMCO trimmed a bunch of payouts from its closed-end funds (CEFs). It is the structure of CEFs that makes them superior. Like stocks, CEFs are offered at an initial public offering. Data Characteristics, 5. It simply holds a passive portfolio of gold bullion. The CEF is also structured so that the underlying bonds it owns should be approaching maturity by 2030, further reducing the risk of price declines due to rising yields. Food stocks have been hit hard this yearand we contrarian dividend shoppers can no longer ignore the bargains on offer! Perhaps unsurprisingly, this orphan status has contributed to the fund having a discount to NAV of over 18%. LLFA focuses on income securities such as bonds, preferreds, ETFs MLPs, and Closed end Funds. 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. When someone mentions AI, the first stock that that likely pops to mind is Microsoft (MSFT) and its flashy move to integrate the ChatGPT AI into its Bing search engine. (opens in new tab). From 2008 to 2021, the U.S. was the unquestioned leader of the global bull market. Money is always coming and going, and there's no hypothetical limit to the amount of new money a popular fund can take in and invest. The indexes are priced daily from our internally collected CEFData.com research system and database launched in 2012. Almost all of these closed-end funds offer high yields. Like ETFs, CEFs also make periodic distributions, which can consist of dividends, ordinary income, capital gains and return of capital. Many of . John Cole Scott: "Comparing floating-rate and senior loan funds with preferred-securities funds", The NAVigator. Published 8 March 19. However, unlike ETFs, CEFs will not accept additional inflows of capital or issue new shares after the IPO. Most mutual funds and ETFs yield between 1% and 3%, give or take. 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. Shares of closed-end funds frequently trade at a market price that is a discount to their NAV. Learn more about MFM at the MFS provider site. EMO allows you to get access to some of the biggest and best names in the MLP space without all the irritating tax complications. Distribution rate is an annualized reflection of the most recent payout and is a standard measure for CEFs. In a normal economy, longer-dated bonds would pay more than shorter-dated issues. We already covered the Ecofin Sustainable and Social Impact Fund (TEAF (opens in new tab)), which has a liquidation date in 2031. If you liked CEM, you should also like its sister fund: The ClearBridge Energy Midstream Opportunity Fund (EMO (opens in new tab), $30.67). 2022 was a tough year for real estate investment trusts (REITs). 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. Closed-end funds often sell at massive discounts to net asset value (NAV). Omnisend (Web) Omnisend is email marketing built for eCommerce, allowing you to build and manage everything from transactional emails to newsletters and automated email flows. The suits at Merrill Lynch say you need at least $738,400 to retire well. Learn more about PHYS at the Sprott provider site. They're invested in a portfolio of securities and managed by an investment firm. Your subscription also gives you access toportions ofthis website listing alarger number ofpast recommendations, plus valuable pointers onsuccessful investing. 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. John Cole Scott: How closed-end funds responded to the '23 hot start, The NAVigator. Yet even after a good run, energy stocks are still attractively priced. Anything can happen next, so you must be mentally prepared. E-mail: cefa@cefadvisors.com. 33 reviews of Times Union "The Times Union . Vanguard Dividend Growth Reopens. The indexes will be rebalanced quarterly. Closed-end funds are funds that have a set number of shares to trade. CEFs ( unlike ETFs and mutual funds) have fixed share. * Includes a 1.33% in management fees, 0.12% in other expenses and 1.30% in interest expenses. When it comes to closed-end funds (or any investment, for that matter), it pays to look for things most people misunderstand. 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. Thanks to some awesome market calls, InvesTechs recommendations have returned an annualized 8.7% over the past 15 years--an average of 4.1 percentage points better than the S&P. - How do preferred stocks differ from common stocks, in terms of both security characteristics and investment performance? But PHYS, because it is a closed-end fund, can and does often trade at a discount to net asset value. John Cole Scott talks about The Key Features of a Listed Closed-End Fund and What Makes Them Compelling Investments, The NAVigator. UITs are trust funds with a set number of shares and end dates. The newsletter addresses the various fixed-income markets, not only with specific recommendations but also with specific guidance; We will keep you up to date on a large universe of securities of past recommendations, giving you specific action-oriented advice; We are proud to present our model portfolios performance for the last 10years. How does its current price compare to its NAV? Discounts, 4. In these cases, they're effectively worth more dead than alive! 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%). 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. 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. John Cole Scott talks about five 'plain vanilla' closed-end funds, The NAVigator. (opens in new tab), Best Dividend Stocks You Can Count On in 2023. Most pipeline stocks are organized as master limited partnerships (MLPs). - Cryptocurrency has gotten a bit less cryptic recently. These five stocks are selling at attractive valuations today. None of the information contained herein constitutes a recommendation that any particular security, portfolio, transaction, or investment strategy is suitable for any specific person. As befits a newsletter that recommends Vanguard funds, Wiener eschews market timing and, on average, holds funds nearly four years. STKs portfolio mainly consists of large-cap tech stocks: Apple (AAPL), chipmaker Broadcom (AVGO) and Microsoft (MSFT) are among its top holdings. Read more. They are designed to liquidate at NAV at a specific date in the future. Crypto is going (a bit) crazy and meme stocks (of all things) are back. When investors buy or sell shares, no new shares are issued. Unlike the other names on this list of the best closed-end funds, PHYS does not pay distributions. Access to the creators of the newsletter for information on recommendations and investment strategies. Closed-end funds raise a certain amount of money through an initial public offering, or IPO,. To see what Im getting at, lets zero in on a CEF called the Columbia Seligman Premium Technology Growth Fund (STK). Debt-Focused Business Development Companies (BDC) Index, In the Nasdaq. And as always, there's plenty you should know before getting an annuity for yourself. Leverage magnifies returns, both positively and negatively. A Hedge Closed-End Fund The Calamos Long/Short Equity & Dynamic Income Trust (CPZ, 10.1% distribution rate) has a much, much different strategy. New York, N.Y. 10001. Yield-hungry investors can make use of a variety of income-generating assets. Published 13 April 22. - Here's why we're likely to look back on this as a good time to have increased exposure to income securities. So anyone buying today can enjoy the 8.2% dividend while waiting for the discount to close. By Kyle Woodley It comes with the turf. By Steven Goldberg It ranks fourth among the 25 fund newsletters Hulbert has tracked that long and fourth on a risk-adjusted basis. It owns essentially the same collection of REITs you'd expect to find in any mutual fund or exchange-traded fund (ETF), such as logistics REIT Prologis (PLD (opens in new tab)), data center REIT Equinix (EQIX (opens in new tab)) or self-storage operator Public Storage (PSTG (opens in new tab)), but it has the added benefit of owning them at a discount. As you point out, a better bet is a closed-end fund (CEF) like the Calamos Convertible and High Income Fund (CHY). (opens in new tab). Find out more bydownloading arecent newsletter: Martin Fridson, CEO of Income Securities Advisors, Inc. Mr. Fridson was a corporate bond research director on Wall Street and is now Chief Investment Officer at Lehmann Livian Fridson Advisors, LLC. Distributions can be a combination of dividends, interest income, realized capital gains and return of capital. CHY has been a great fund. CEFA currently manages 15 investment portfolio composites styles: To learn more about these models' investment strategies, visit our investment portfolio models page or contact us to request information about our managed accounts. I know better now, of course, but it still strikes me when I hear stories of celebrities going broke, struggling to earn a living or taking on projects just because they desperately need to pay off some kind of debt. Why this sector should outperform for years to come, By Steven Goldberg ESG By Lisa Springer We don't own any PIMCO funds in our premium portfolios currently. The Nuveen Real Estate Income Fund (JRS (opens in new tab), $8.46) is one of the best closed-end funds that invests in REITs. Master Limited Partnership (MLP) Index, 5. The letter costs $175 annually. The euro performed well relative to the dollar. Who wouldn't want to buy the whole for less than the sum of the parts? * Includes 0.35% in management fees and 0.06% in other expenses. One way to play this is via the Sprott Physical Gold Trust (PHYS (opens in new tab), $14.90). 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. Costs of Off-Site Work Events Can Rise If Employees Misbehave, The Best REIT Stocks to Buy Now (or Hold), Coca-Cola (KO) Exceeds Earnings Estimates, but Here Are the 5 Best Consumer Staples Stocks to Buy Now, Biden's Inflation Reduction Act: Investing Winners and Losers, 12 REITs Flaunting Fast-Growing Dividends. Over those years, the letter ranks number three among the 25 fund letters Hulbert has followed that long. Term funds are CEFs with a shelf life. These are great options for a starter portfolio. After all, more time, more things that can go wrong. Plus were going to do it safelynot tying up our cash in profitless tech or miserly blue chips dribbling out paltry 1% to 3% dividends. ), for recreation/taxidermy (see trophy hunting), although it may also be done for non-exploitative reasons such as removing . CEFA's Closed-End Fund Universe provides weekly data on the complete closed-end fund and business development company universe. Thanks to the work of Mark Hulbert, editor of the Hulbert Financial Digest (opens in new tab), who has been painstakingly tracking newsletter recommendations for 34 years, its possible to separate the gold from the dross.

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