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. Monthly Recommendations: Our best corporate bonds, preferred stocks, convertible securities, master ltd. partnerships, and closed-end funds. No, sorry buddy. I shrugged. As market. Shares of closed end funds may trade above (a premium) or below (a discount) the net asset value (NAV) of the fund's portfolio. 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. He was named #1 in his category for nine consecutive years on the Institutional Investor All America Research Team. Here's what the experts suggest. 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. Closed-end funds often sell at massive discounts to net asset value (NAV). DD's Market Beating Monthly Paying Portfolios Highest Returning Tax-Free (Muni) Funds ETF Monthly Income Monthly-Paying Retirement Closed-End Fund Monthly Income DIVIDEND DETECTIVE Premium $5 First Month Then $15/mo Cancel Anytime Subscribe Here Learn How to Invest WINNING INVESTING Free site dedicated to making you a winning investor. By Steven Goldberg Best Parent Student Loans: Parent PLUS and Private. We don't own any PIMCO funds in our premium portfolios currently. But the letter has exhibited just two-thirds of the volatility of the index. All Closed-End Funds Income Solutions Fund Opportunistic Credit Fund Yield Opportunities Fund Exchange-Traded Funds DoubleLine's ETF Offerings Opportunistic Bond ETF Shiller CAPE U.S. Equities ETF Fund Documents Strategies Strategies Fixed Income Core Plus Fixed Income Flexible Income Floating Rate Infrastructure Income Income 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. John Cole Scott the high number of closed-end funds are currently trading at premiums, The NAVigator. Newsletters Issue Date of Most Recent Profile . Well, as a closed-end fund, ClearBridge Energy Midstream Opportunity doesn't have these issues. Closed-end funds (CEFs) are a relatively under-followed type of investment that often provide high income yields. And respect the yield curve. But in picking the four best fund newsletters for you, the investor, Ive also considered other factors. Investing for Income From 2008 to 2021, the U.S. was the unquestioned leader of the global bull market. Saratoga-Report is a local news aggregator web site for Saratoga Springs, NY and the city's surrounding towns. It ranks number 16 based on raw returns. Here are the best closed-end funds for income. The potential returns here look juicy, which is why JQC is one of the best closed-end funds to buy. Over those years, the letter ranks number three among the 25 fund letters Hulbert has followed that long. Which was no bueno for income investors, who buy CEFs solely for their dividends. Fund Advisors. A sample copy is available for review as well as a 14-day, no-risk free trial. Even small-time investors can get into high-priced real estate with these seven REIT ETFs that pay dividends. Example of a Closed-End Fund . But just as you'd never pay $1.10 for a dollar, you're generally better off avoiding CEFs trading a premium. 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. Charles Lewis Sizemore, CFA is the Chief Investment Officer of Sizemore Capital Management LLC, a registered investment advisor based in Dallas, Texas, where he specializes in dividend-focused portfolios and in building alternative allocations with minimal correlation to the stock market. A comparison by current income volatility, safety of dividend, impact of M&A activity, and more. The indexes cover both bond and equity sector indexes as well as diversified portfolio objective indexes. Heres how to avoid that fate. So via PHYS, you can buy gold at a modest discount to market prices. Consider this chart: Here you see four different scenarios for getting that $70,784 in yearly dividend income, including two Trinity University studies showing risky and conservative estimates, based on 3% and 4% withdrawal rates. Read more. And you know what else did? Total Assets of Closed-End Funds Were $309 Billion at Year-End 2021 Fidelity Investor has returned an annualized 7.8% over the past 15 years, an average of 3.2 percentage points per year better than Standard & Poor's 500-stock index. 10 wheat producers). - Marty Fridson to speak to Washington Money Managers on December 14. Future US, Inc. Full 7th Floor, 130 West 42nd Street, All else equal, this should benefit European stocks, as European stock markets tend to be full of older, more traditional value stocks. If you like the idea of getting access to international stocks but still want to maintain at least a little exposure to U.S. stocks as well, a global fund like the Eaton Vance Tax-Advantaged Global Dividend Income Fund (ETG (opens in new tab), $16.35) is a solid choice. Finally! John Cole Scott: "Comparing floating-rate and senior loan funds with preferred-securities funds", The NAVigator. ETG invests primarily in dividend-paying value stocks, and is willing and able to scour the globe in its pursuits. And the MFS Municipal Income Trust (MFM (opens in new tab), $5.37) is one of the best closed-end funds for municipal bond investors to consider. Changes and developments for companies where a recommendation was made. (opens in new tab), Dogs of the Dow 2023: 5 Dividend Stocks to Watch. By H. Dennis Beaver, Esq. Almost all of these closed-end funds offer high yields. Crypto is going (a bit) crazy and meme stocks (of all things) are back. In these cases, they're effectively worth more dead than alive! Because REITs have always had a major emphasis on income, investors came to view them as a bond substitute over the past two decades. If you decide to subscribe to a newsletter, resolve to stick with it for at least two or three years. The indexes will be rebalanced quarterly. 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. Hulbert places a lot of weight on risk-adjusted returns of newsletters recommended portfolios. 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. Premium Newsletters - Contrarian Outlook. Instead, the letter will continue to offer its analysts gold-rated fundsan approach that has produced market-beating returns. Who wouldn't want to buy the whole for less than the sum of the parts? Monthly issues of the Forbes/Fridson Income Securities Investor, Click here for a sample. These 5.7% and 8.9% dividend payers are ready to rally. The data is updated weekly and we will be adding BDC educational resources to help educate investors on the sector and investment structure. * Includes 0.35% in management fees and 0.06% in other expenses. Published 30 November 22. But after years dealing with brutal competitive conditions, the energy infrastructure sector is the leanest and best capitalized it's been in living memory. 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. Yield-hungry investors can make use of a variety of income-generating assets. Subscribe to our daily newsletter to get investing advice, rankings and stock market news. He has guest-lectured at leading universities. None of the information contained herein constitutes a recommendation that any particular security, portfolio, transaction, or investment strategy is suitable for any specific person. SCCA - Cal Club Autocross. John Cole Scott: How closed-end funds responded to the '23 hot start, The NAVigator. John Cole Scott talks about The Key Features of a Listed Closed-End Fund and What Makes Them Compelling Investments, The NAVigator. Up to nine recommendations for bonds, preferreds and convertibles each month. At current prices, JRS trades at a 7.3% discount to NAV, which is wide given this CEF's history. 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. As the bull market rolls along and yields from fixed-income investments disappoint, investors seeking cash flow have few options. Steve has been writing for Kiplinger's for more than 25 years. This means that if anything goes sideways, JQC is first in line to get paid, and its claims are backed by real collateral. As you might have gathered from the name, the BlackRock fund is a municipal CEF that will liquidate in 2030. The most common reasons for humans to hunt are to exploit the animal's body for food (i.e. CEFA's Closed-End Fund Universe provides weekly data on the complete closed-end fund and business development company universe. Data will be available on the indexes for additional benchmarking purposes including weighted discount, yield, leverage, duration, beta and other metrics for the underlying constituent funds. ISI is an independent research firm specializing in income securities. Shares of CEFs are traded on the open market. 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. New York, You want to find a tax preparer who's qualified, reasonable and knowledgeable to file your taxes. CEF Advisors' 30+ CEF/BDC Indexes: We recently launched 30+ indexes cover the entire closed-end fund (CEF) and business development company (BDC) universe. Health care stocks dominate this year's biggest stock market gainers. Published 11 March 22. investing Best Closed-End Funds to Buy Now. By Lisa Springer - Cryptocurrency has gotten a bit less cryptic recently. Luckily for us that number is way off. Companies launch closed-end funds when going public to raise capital. When I was a kid, I thought everyone on TV was rich. Download link. 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). Even at the high end, we're talking about an annual income stream of just $30,000--and that . Clicking on each indexes' name opens a detailed page containing the following information: 1. 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. Kutchers string of successes is impressive: he was an early investor in Uber, Airbnb and Spotify, for example. Read more. How does its current price compare to its NAV? It ranks fourth among the 25 fund newsletters Hulbert has tracked that long and fourth on a risk-adjusted basis. But here's confirmation that some information in financial statements doesn't quickly get incorporated into prices. An interval fund is a type of closed-end fund with shares that do not trade on the secondary market. 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 Leverage magnifies returns, both positively and negatively. Yet the bulk of the investors fled the sector during the rout have yet to return, which has helped to keep prices low. By Dan Burrows This isn't a long-only fund, nor is it an equity . John Cole Scott: "The difference between funds with discounts or premiums is more than pricing", The NAVigator. BlackRock Enhanced Government Fund ( EGF) holds about 36% Treasuries and nearly 50% government-backed securities, currently yielding 3.76% using only 13.66% leverage and an options-overlay . Editor Russ Kinnel recently discontinued the letters model portfolios. Better still, were going to get in at an unheard-of 13% discount! By Lisa Springer Announces Notification of Sources of Distributions, BrandywineGLOBAL - Global Income Opportunities Fund Inc. The Clearbridge fund invests in a portfolio of midstream oil and gas pipeline stocks. Similarly, youre not likely to stay with a newsletter thats hard to understand and whose recommendations are hard to implement. The interest from bonds issued by state or local governments is generally tax-free at the federal level. Four of the biggest online brokers just cut their commissions to $0 per transaction. That's not a bad gig. John Cole Scott: "Rate uncertainty creates values in muni bonds", 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). For this article, Ive relied heavily on Hulberts rankings. Master Limited Partnership (MLP) Index, 5. CEFAdvisors is proud to be a Founding Member of The Active Investment Company Alliance. 2.00% or less. * Includes a 1.33% in management fees, 0.12% in other expenses and 1.30% in interest expenses. Last updated 14 March 20, investing They often trade at deep discounts to NAV, can persist like that for years, and nothing seems to shake them out of that rut. Most pipeline stocks are organized as master limited partnerships (MLPs). John Cole Scott: Expect the weak to get stronger in 2023, The NAVigator. Closed-end funds are a type of mutual fund -- with a twist. Quote data delayed at least 15 minutes; data powered by Ticker Technologies, and Mergent. The fund invests in a highly diversified pool of securities with a focus on income generation. Term funds are CEFs with a shelf life. John Cole Scott talks about five 'plain vanilla' closed-end funds, The NAVigator. Site contents document.write(new Date().getFullYear()) BNK Invest, Inc. Site design document.write(new Date().getFullYear()) Erie Eyrie Software. - A lot of the investment advice you hear on TV doesnt really apply to you as an individual investor with a long-term perspective. Visit our corporate site. The letter costs $100 a year. The kids had their slices. Anything can happen next, so you must be mentally prepared. Type: - All - Stocks Mutual Funds ETFs Indices Structured Products Unit Trusts. It ranks fourth among the 25. How to Pick the Best Robo Advisor For You. A small business might rent a theme park or other venue to reward employees, but if workers dont follow the rules, the company could pay the price. Closed-end funds, or CEFs, are similar to mutual funds or. This story was published at an earlier date and has been updated with new information. Consumer staples stocks are beating the broader market this year and analysts say these five names are poised for more outperformance ahead. Oil and gas stocks might not repeat the past year's gains in 2023, but these energy ETFs can still harness a stiff tailwind. Hunting is the human practice of seeking, pursuing, capturing, or killing wildlife or feral animals. We already covered the Ecofin Sustainable and Social Impact Fund (TEAF (opens in new tab)), which has a liquidation date in 2031. 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. Its a matter of when rather than ifwhich is what we gladly sign up for as income investors. 4 Valuable Lessons From the 10-Year Bull Market, Independent Adviser for Vanguard Investors, an approach that has produced market-beating returns. Last year, the ETF monthly income portfolio returned 17 percent compared to 35 percent for the closed-end fund portfolio. Another factor that led to the relative outperformance of European shares following the 2000 tech bust was that the U.S. dollar started a long decline relative to most major world currencies. Learn more about JRS at the Nuveen provider site. By Steven Goldberg Announces Notification of Sources of Distributions, Certain BlackRock Closed-End Funds Announce Estimated Sources of Distributions, Eaton Vance Closed-End Funds Release Estimated Sources of Distributions, Three Nuveen Closed-End Funds Announce Availability of 19(a) Notices, Virtus Convertible & Income Fund Announces Quarterly Distribution: 5.625% Series A Cumulative Preferred Shares, Canadian General Investments: Investment Update - Unaudited, Important Fund Performance & Ranking Disclaimer. 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. LLFA has no affiliations with any underwriter, brokerage firm, or trust company and is not a dealer or broker in securities. And there's an inflation angle as well. No editions have been produced or published since July 2018, however, and CEFA currently has no plans to resume publishing. 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. 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 . Learn more about TEAF at the Ecofin provider site. John Cole Scott explains why it's important for investors to have granular level data on closed-end funds, Nasdaq Trade Talks. 02 Higher potential income and return Closed end funds are subject to management fees and other expenses. But either way, it makes sense to own a little real estate, and JRS is a smart way to do so. CEFA's primary business is discretionary asset management. A quarterly net loss of 1.7% was delivered by the fund for the third quarter of 2021, versus the 0.6.Sample pack of our Cloud 9 Gummies.