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   Non-TechCEF Closed End Fund Investing


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To: CusterInvestor who wrote (38)7/20/2021 3:47:16 PM
From: the traveler
1 Recommendation   of 52
 
I have started something similar to your screens--see below

I would like to throw this out there to anyone interested that might have the resources to have some back testing capabilities. I have often read about studies indicating owning CEF's with discounts being a good strategy for total return etc.



So back in late June of this year I set up the criterion listed below and started screening in cefconnect.com--the plan was to screen weekly or monthly, or both, and stay invested in the top five funds that continue to meet the criterion. My problem is I have no back testing capabilities to gain confidence in the model or know to abandon it ASAP--LOL. It would be super interesting to know the record on this simple procedure over say the last 15-25 years or thereabouts.



Anyway the screening criterion is as follows:



I started by running the screen based on Fridays closing numbers--eg. weekly. Select the top 5 funds with the largest discounts to NAV that also pay a monthly dividend greater than xx% per annum. ( I arbitrarily set it at 7% when I started)



Buy equal monetary amounts of each of the five and stay invested until one or more drops out of the top 5--sell the drop outs at the open on the following Monday and replace them at the same time with the funds that took there place in the top 5 list.



That's it!

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To: the traveler who wrote (46)7/20/2021 4:59:54 PM
From: chowder
   of 52
 
Do you have a list of names your screen came up with?

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To: chowder who wrote (47)7/20/2021 8:39:23 PM
From: the traveler
1 Recommendation   of 52
 
Yes they are listed below. No change in the top 5 on a weekly screen so far. Also no changes through yesterdays close.

DISC /
DIST PREM YIELD PRICE
TICKER >=7% 06/23/21 06/23/21 06/23/21
HFRO Monthly (27.90)% 9.29% 9.95
HGLB Monthly (23.71)% 9.46% 9.01
SPE Monthly (16.69)% 7.44% 15.17
VCIF Monthly (9.44)% 8.78% 10.74
FPL Monthly (8.97)% 7.51% 5.99
EST. YIELD 8.4960%

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To: the traveler who wrote (48)7/21/2021 2:13:54 PM
From: chowder
1 Recommendation   of 52
 
Thanks for sharing. The only one I had on my list is SPE but I have been adding to BST this week.

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To: chowder who wrote (45)7/28/2021 1:03:43 PM
From: TXRNR03
   of 52
 
Is anyone taking advantage of the EVG Tender Offer?

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To: TXRNR03 who wrote (50)7/28/2021 1:22:47 PM
From: chowder
   of 52
 
I'm not since I don't know what the price is going to be.

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To: TXRNR03 who wrote (50)7/28/2021 9:09:17 PM
From: lizardK
   of 52
 
Declined

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