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fpajerski
Explorer ○○○

CEF Holdings - January 2020

In the past, this seemed to be a popular CEF thread.  Let's see if it's still so.

PCI 12%   PKO 9%   PFN 9%   in IRA-Rollover account. 

In December .... re-invested distributions when realized

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19 Replies
jmrdnc
Participant ○

Re: CEF Holdings - January 2020

Current CEF positions (alphabetical order):

FOF, NMZ, PCI, PDI, PFN, PKO, PTY

and ETFs of CEFs (alphabetical order):

FCEF, MCEF, PCEF, XMPT

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keppelbay
Participant ○○

Re: CEF Holdings - January 2020

high conviction holdings, >5% pv: PDI, PCI, DBL, PKO

mid-size positions, 1-5% pv: FFC, DMO, PFN, BGX 

small positions <1% pv: KIO, NRGX, KYN. 

CEFs = total 42% of portfolio

changes since last month: sold small position in NEV on price strength, added a small amt to DMO on relative price weakness

cash: 6%. most things seem expensive, so I'm letting cash build up for now in case opportunity presents ...  

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wayoutwest
Participant ○○

Re: CEF Holdings - January 2020

CEFs are 31% of my total portfolio as displayed in the table below. The starred (*) equity/preferred/mixed are in my taxable account to supplement pension/SS for monthly expenses with any excess reinvested. The others are in my tax deferred/free accounts. New addition is IGD from a Doug Albo SA article.

PCI36%
PFN18%
PDI12%
EXD*11%
LDP*7%
HTD*5%
UTF*4%
PTY3%
BTZ2%
IGD*2%
 100%
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ECEPROF
Participant ○

Re: CEF Holdings - January 2020

KIO6.97%
PCI28.79%
VIG7.21%
VTI56.94%
-Cash-0.01%
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marymary
Explorer ○○

Re: CEF Holdings - January 2020

Thanks for starting this, I missed it last month.  Too quiet around here these days.  CEFs are around 12% of my portfolio and are used to supplement SS in both taxable and IRA.  

Largest to smallest:

PCI 

UTG

UTF

EVT

ETV

ETY

HQH

ETJ

EOI

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richardsok
Participant ○

Re: CEF Holdings - January 2020

NRGX  11% of PValue

RIV  8%

Others in order of size:   NHF,  XFLT,  PCI, PTY, ZTR,  NCV, PHK, DSL, DSU, ACP.

Must mention:  CEFL   2.5%

-----

Of the bunch, NHF is behaving worrisome.  Will probably unload about 2/3 tomorrow morning if it resumes recent slipping.

 

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steelpony10
Participant ○○

Re: CEF Holdings - January 2020

       About 50% of our investable assets all in a TIRA along with PONAX which receives all monthly excess to needs distributions. 16 total:

        For greed: RIV, ZTR, GOF, GGM - 20%

        For balance: UTF, PDT, HTD, RQI, PCN- 30%

        For management: PCM, PTY, PCI, PDI, PFL, PFN, CHW - 50%

        A majority held since the Great Recession the mother of all investment sales.

 

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hardworkindog
Follower ○○

Re: CEF Holdings - January 2020

Using CEFs where they offer something different as a diversifier. mostly buy and hold

GOF

DNP

MMT

HTD

VWOB

GBAB

 

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rhythmmethod
Participant ○

Re: CEF Holdings - January 2020

I haven’t weighed in on this in a while. Nice to see the thread. I’m basically still holding my ‘blue chips’ and trading around the edges.  They are all a bit rich and I’ve reallocated some to OEFs of choice, (JMUTX, PIGIX and some others) In retrospect, so far I’d have done better staying put. I really see these as buy and hold within a certain % of my allocation..

Holdings are as follows and a % of my total port. (I’m looking at RQI as a possible add)

PCI  - 5.85%

PTY - 4.92%

GGN - 4.12%

PDI - 3.79%

DSL - 2.06%

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retiredat48
Participant ○○○

Re: CEF Holdings - January 2020

 

MY Current CEF Holdings: 

(CEF's only)...

BWG

DSL
EHI

ETG

GIM
HPS
JPI
NTG
PCI
PDI
PFN
PHD
PKO

PTY

SCD

 

and R48...a thoroughly balanced, diversified, actively-managed portfolio; available for purchase off-forum... :-)

Note:  With the markets and my portfolio zooming to new highs, I am probably a little complacent regarding my CEF holdings.  Perhaps a thorough review is in order, and will result in a few changes this quarter, and jettisoning one or two of these CEFs!

R48

 

 

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grierchas
Explorer ○○

Re: CEF Holdings - January 2020

CEFs about 7% of PV. Largest to smallest

PCI, PDI, KIO, PTY, DSL, UTG, and PGP.

Looking to add if there is ever a pullback.

 

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elder
Follower ○○○

Re: CEF Holdings - January 2020

Equal amounts of PCI and PTY = 99% of retirement portfolio.

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Lakeside7
Explorer ○○○

Re: CEF Holdings - January 2020

In order of size within each category:

Debt – Muni = PMF, MUH, NVG, NEV, PMX

Debt – Taxable = PCI, BTZ, PDI, PKO

Equity – Multi-sector = ETV, ETY, QQQX, SCD, ETB, CII, EXD, MCN, CRF

Equity – Midstream Energy = CTR, EMO, KMF, NTG, TYG

Equity – Other Sector = BST, BSTZ, UTF

New since early Nov list = BTZ, CRF, KMF, BSTZ                           

Gone since early Nov list = BKN

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acamus
Participant ○○

Re: CEF Holdings - January 2020

1/1/2020

Assets  Liabilities 
     
FI Funds  Borrowing0.0%
PIMIX8.69% Total Liabilities0.0%
EVN2.45% Net Assets100.0%
MQY2.33%   
EHI2.08% 2019 total return*27.9%
SEMPX1.94% 2019 volatility*3.9%
IOFIX1.92% 2019 Sharpe*6.4
ARDC1.64% 2019 turnover600%
NMY1.59%   
BSE1.58% 
* Including cash & leverage
 
HYB1.57%   
EFL1.53%   
ISD1.53%   
NHS1.51%   
PHT1.46%   
EVG1.44%   
AFB1.39%   
BTT1.39%   
DCF1.38%   
JHS1.19%   
BTZ1.17%   
CBH1.03%   
BWG1.01%   
HIX0.98%   
NCZ0.98%   
DMO0.93%   
GFY0.92%   
CIK0.80%   
MHN0.60%   
PCF0.41%   
MCI0.40%   
HYI0.36%   
JMM0.17%   
Total48.8%   
     
Stock Funds    
MNA6.0%   
GDV3.2%   
PGZ2.8%   
UTF2.1%   
CII1.6%   
JTA1.6%   
NIE1.6%   
MCN1.5%   
AOD1.5%   
JTD1.5%   
DPG1.5%   
STK1.3%   
THQ1.1%   
FUND1.0%   
GAM1.0%   
JCE1.0%   
EVT1.0%   
FDEU1.0%   
AWP1.0%   
MGU1.0%   
ASG0.8%   
AABA0.4%   
ADX0.2%   
JDD0.2%   
Total36.1%   
     
Stocks1.4%   
Total Investments86.3%   
Cash13.7%   
Total Assets100.0%   

 

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retiredat48
Participant ○○○

Re: CEF Holdings - January 2020

 

Personal note to FEC Forum posters/readers:

I always considered the CEF Forum was the best on M*, providing a niche area, supported by knowledgeable investors, who were quite civil.

This thread would usually have about 35 posters reply on the old forum; now 14 to date on the new forum.  This seems enough to still have a cadre of posters willing to continue making the CEF Forum viable.  I will thus continue to post.  Useful info is gained from all collectively...thanks.

R48

 

 

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Pilsner
Follower ○○○

Re: CEF Holdings - January 2020

%PV holding
0.5% DFP
0.4% PCM
0.5% PML
0.9% PCI taxable
2.7% PCI Tira
3.1% PDI
0.4% PHK
1.7% PTY
0.4% "NRGX
"
4.6% PIMIX
1.4% MINT
16.5% %of totalPV

Recently jettisoned PFL & PFN & DMO & KIO...

Purchased recently PML, NRGX.

PRICES are elevated so I am not looking to increase percentages of CEFs at this time but rotate if i think there is value.

 

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kzug
Explorer ○○

Re: CEF Holdings - January 2020

Largest to smallest:  

PCI, NZF, UTG, DSL, PKO, PFN, PFL.  

About 16% of PV.  Over the last two months, increased NZF, UTG, DSL.  

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spud
Explorer ○

Re: CEF Holdings - January 2020

CEFs are 40% of my Total Portfolio Value

PCI (13%), PKO (5.6%),PTY (4%), UTG (4%), PDI (4%), ACP (3%), PFN (2%), UTF (2%), ZTF (1%), NRGX (<1%), SZC (<1%)

Bond OEF 5%

cash 12% 

Changes: Bought PFN and UTF early December when they dropped a few percentage points

 

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DryFly
Explorer ○

Re: CEF Holdings - January 2020

CEF Holdings January 2020

Muni:      PMX   MMU   VGM

FI:           BGB     KIO   PFL   BTZ   PCI   PDI   BTZ   PTY   DSL

PRFD:     HPI

EQUITY: FOF     RMT   ETY   HIE   RNP 

INTL:     BWG

SALES:  DMO tax loss

             JPI     valuation

CEF'S are around 10% of PV.  2019 was my first full year of retirement.  I am now using some of the distributions to pay living expenses.  I hope to increase my CEF holdings in 2020 if there is a pull back like Dec 2018, when I bought back PDI.  

I posted about HPI in Nov.  Distributions received now exceed the purchase price.

Dry Fly

 

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