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    Equity CEFs: 6 Month NAV and Market Performance Results

    Sun, 07/03/2011 - 08:40 EDT - Seeking Alpha
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    Douglas Albo submits:
    The following tables show NAV and market price performances of the majority of equity based high yielding closed-end funds (CEFs) available to investors, where equity based is defined as having at least two-thirds of a fund's portfolio invested in domestic or global stocks and where high yielding is defined as 6% or over annualized market price dividend yields. Together, these funds represent over $38 billion in assets.The tables are broken down by the three fund strategies which equity based CEFs utilize to achieve their high dividends and yields. They include the Option Income Strategy, the Leveraged Strategy and the Dividend Harvest strategy. If you are unfamiliar with how these strategies work, you can review one of my past articles discussing these three strategies and how they perform in different market environments.The tables are sorted (red columns) by year-to-date NAV performance or Premium/Discount levels, both of which I considerComplete Story »

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    Related

    • Equity Closed-End Fund Third Quarter NAV And Market Price Performances

      By Douglas Albo: The following tables include year-to-date (YTD) and four-year NAV and market price performances for most of the equity based high yielding Closed-End funds (CEFs) available to investors, where "equity based" is defined as having at least 50% of a fund's portfolio invested in U.S. based or global stocks while "high yielding" is defined as a fund having at least a 6% annualized distribution.

    • Equity Income CEFs: 4-Month NAV Performances

      Douglas Albo submits: This article looks at the year-to-date and current statistics of most of the equity based high-yielding Closed-End funds available to investors, where high yield is defined as over 6%. These statistics can be quite revealing and in some cases, quite illogical and I will try and point out some of the more glaring inconsistencies at the end of the article, which may give investors opportunities for investment.

    • Equity CEFs: YTD Top Performers Through 3rd Quarter 2012

      By Douglas Albo: The following tables show the top market price and NAV performers Year-To-Date (YTD) of the vast majority of the high yielding (generally 6%+) equity based (50%+ stocks) Closed-End funds (CEFs) available to investors. The perfomance numbers include all distributions added back but not reinvested to give total return performances. For comparison, I have included the total return performances of four of the most popular and most heavily traded index ETFs.

    • Guggenheim Enhanced Equity Fund: Can Leverage, Option Income Make An Attractive Investment?

      By Douglas Albo: If you've read my past articles on high yielding, equity (stock) -based closed-end funds (CEFs) then you know that these funds generally use three different strategies to generate their income that they pass on to investors in the form of high distributions and yields. If you are unfamiliar with how these three income strategies work, you can read up about them here.

    • CEFs: Income Strategies for All Market Seasons

      Douglas Albo submits: The accompanying table of equity based Closed End Funds (CEFs) is intended to compare the Net Asset Value (NAV) and yields of these funds since inception so that the reader can determine which funds have best preserved their NAV while maintaining a balanced income and distribution policy. These 46 funds represent the majority of high yielding equity based CEFs available to investors and collectively represent about $29 billion in assets.

    • 2011: A Year To Forget For Equity CEFs

      By Douglas Albo: 2011 will go down as a difficult year for many high-yielding, equity-based closed-end funds (CEFs), as most funds either saw their discounts widen or their premiums reduced. In fact, this year has made little sense in regards to market price action, as many funds with outperforming NAVs have seen their market prices drop to their widest discounts since the bear market in 2008, while some have continued to trade at lofty premiums even with underperforming NAVs.

    • Which Dividend Harvest CEFs Have a Real Return of Capital?

      Douglas Albo submits: Sometimes it takes a swift kick in the pants to remind investors the price they are paying for an investment.

    • Equity CEFs: Searching For The Right Balance Of Income And Appreciation Funds, Part I

      By Douglas Albo: Through 11 months in 2012, the total return market price performances of equity based high yielding Closed-End funds (CEFs) have been pretty good. I wouldn't call it great since many funds continue to trade at low valuations as reflected by their historic premium/discount levels but certainly better than 2011 when most funds closed at their widest discounts since the bear market bottomed in the spring of 2009.

    • Which Leveraged Equity CEFs To Buy On A Market Pullback

      By Douglas Albo: About a year ago I suggested that income investors in high yielding equity closed-end funds (CEFs) should start looking at funds which utilized an option-income strategy to generate income for their large distributions as a two-year bull run in the market was likely to give way to a more sideways market period and play more into the hands of funds which utilized an option-income strategy as opposed to other income strategies.

    • The Best Equity CEFs For 2012: Part I

      By Douglas Albo: In early 2010, I wrote an article titled "CEFs: Follow The NAV" in which I advised income investors in high-yielding equity-based Closed-End funds (CEFs) that if they wanted to find the best funds to invest in, they should pay close attention to the direction of a fund's Net Asset Value (NAV).

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