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CEFS is an exchange-traded fund. The vehicle represents a 'fund of funds' from Saba Capital, and a retail investor can buy-in the Saba expertise and activism in the CEF space via this name.
CEFS is a well-known fund, both for its arbitrage strategies and, in part, for its hefty expense ratio of 4.29%, a number that sounds scary just to write. And yet, ...
This, of course, is because many CEFs have been caught up in the selloff, and yields move inversely to prices. So a fund that may have yielded, say, 7% six months ago (which is about the long-term ...
Taxable-bond CEFs have rallied, too, but still remain at an average discount of close to 3%. That's still an improvement over the almost 10% average discount at which they began the year.
And by purchasing CEFs at unusually deep discounts, you can ride along as those discounts flip to premiums—maybe even to GOF-like 20% premiums. That would be the time to sell and take profits.
Investors have a unique opportunity to explore closed-end funds, or CEFs, in December. While exchange-traded funds, or ETFs, are popular for their convenience and liquidity, CEFs stand out for a ...
CEFs are complex investments that can, because of leverage, have hidden risks not obvious to a typical investor. Additionally, investors must analyze those that pay “high dividends,” as ...
It's been a rocky year for shareholders of Bill Gross' former CEFs, despite solid performance from the new management team; PIMCO High Income's shares have fallen 26% this year through September.
Closed-end funds (CEFs) are relatively under the radar compared to peers like exchange-traded funds (ETFs) and mutual funds. Closed-end funds are generally desirable for two reasons: 1) high ...
The fees for the four CEFs above range from around 1% to 1.5%. Buying the funds at a discount to their NAVs, though, helps provide a cushion for these expenses. Second, many CEFs, including those ...
At year-end 2021, 61% of all CEFs used leverage, with preferred share assets accounting for 9.4% of total closed-end fund assets.(1) Similarly, the S-Network Composite Closed-End Fund Index ...
Exchange-traded funds, or ETFs, are popular these days, but closed-end funds, or CEFs, can be a great option for investors seeking income as well. Like stocks, CEFs debut via an initial public ...