In order of largest to smallest in each category:
Munis- PML, PMX, EIM, NEV, MYI 13.3% portfolio value
Debt- PDI, PCI, PFN, PKO, PCM 26.7% portfolio value
Preferred- JPI 1.9% portfolio value
Total CEF 42.0% portfolio value
No CEF buys or sells during October
larger positions (>5% PV): PDI, PCI, DBL, PKO
mid-range (1-5%): FFC, DMO, PFN, BGX
smaller (<1%): KYN, NRGX, KIO, NEV
Overall CEFs total 45% of PV
NRGX added on news of large purchase by Ivascin. 'Solidarity buys' are not likely to be in the millions, so I figured he might have a good reason to have confidence in this. Time will tell.
CEFs are 35% of my Total Portfolio Value
PCI (12.5%), PKO (5%), PTY (4%), UTG (4%), PDI (4%), ACP (3%), ZF (1%), NRGX (1%), SZC (<1%)
Bond OEF 5%
Sold BGB due to NAV decline, still like it as it has enough NII and UNII to cover distribution and possibly pay a EOY special. Bought a very small amount of NRGX when it declined enough to offer a 10% yield
|FI Funds||Sold Short|
|EIM||1.6%||YTD total return*||24.2%|
* Including cash & leverage
CEFs comprise 31% of my total portfolio as displayed in the table below. Since last report, added to LDP and MVF. My HSA is 100% PCI and it's the only CEF on a DRIP.
Current CEF holdings, from largest to smallest:
PCI, BGX, NHF, CEFL, UTG, VMO, NCV, RVT, PFN, GGN; these represent just under 17% of total PV. BGX & GGN are recent additions; except for the NHF YTD performance has been strong.
Have 18% in cash and 17% in Bond OEFs (PTIAX, PIMIX, SEMPX, PRSNX).
In order of size within each category:
Debt – Muni = PMF, MUH, NVG, NEV, BKN, PMX
Debt – Taxable = PCI, PDI, PKO
Equity – Multi-sector = ETV, ETY, QQQX, SCD, ETB, CII, EXD, MCN
Equity – Midstream Energy = CTR, EMO, NTG, TYG
Equity – Other Sector = UTF, BST
New since last month’s list = MCN
Gone since last month’s list = MEN
Most to least
PCI , TSI, UTG, UTF, BLW, BTZ, NRGX, IHIT, IHTA, PGZ, JRI, DSU, ISD, FAX
added small amount of IHIT and FAX in Oct, still reinvesting div in PCI, but like my dividend stock investments, not finding any exceptional values. Just holding and collecting.
Emmanuel Roman (Pimco CEO) just took a big tax loss on NRGX.
He bought 100,000 shares att $20.00 at the IPO price.
On 11/7/2019, he sold the 100,000 shares for $16.74.