CEFs are 29.9% of my total portfolio as displayed in the table below. Changes since last report: added to MMU, new positions in MVF and BTZ.
PTY, PDI, PCI, PKO (from largest to lowest, no change except reinvestment of dividends)
Cash - 15%
PCI, PFN, PKO, KIO, PHK (from largest to lowest, no change except reinvestment of dividends)
Cash - 20%
|Tax FI Funds||Sold Short|
|NNC||1.6%||YTD total return*||22.1%|
|GGM||1.2%||* Including cash & leverage|
|PCM||1.0%||Some positions 0.1% and|
CEFs are 37% of my Total Portfolio Value
PCI (12.5%), PKO (5%), PTY (4%), UTG (4%), PDI (4%), ACP (3%), BGB (2%), ZF (1%), NRGX (1%), SZC (<1%)
Bond OEF 5%
bought SZC last month as i thought it had touched bottom and would rocket up
In order of size within each category:
Debt – Muni = PMF, MUH, NVG, NEV, BKN, PMX, MEN
Debt – Taxable = PCI, PDI, PKO
Equity – Multi-sector = ETY, ETV, QQQX, SCD, ETB, CII, EXD
Equity – Midstream Energy = CTR, EMO, NTG, TYG
Equity – Other Sector = UTF, BST
New since last month’s list = None
Gone since last month’s list = None
In order of largest to smallest in each category:
Munis- PML, PMX, EIM, NEV, MYI 13.8% portfolio value
Debt- PDI, PCI, PFN, PKO, PCM 26.5% portfolio value
Preferred- JPI 1.9% portfolio value
Total CEF 42.2% portfolio value
Did not buy or sell any CEF's in September.
I have been selling. Only large position in CEFs that I intend to hold is PCI. In the next day or two the following smaller holdings will be going ex-div and I will sell them all: NCV, DSL, RIV, ZTR, BGR -- which will leave me only with PCI, PKO and PHK.
Am very worried about market.
MY Current CEF Holdings:
and R48...a thoroughly balanced, diversified, actively-managed portfolio; available for purchase off-forum... :-)
I remember in the old forum that this monthly post was up and running right on the 1st of the month, and had 20+ entries on who was holding what. Glad this is here.
I've added some small holdings in preferred, oil/gas and a fund of funds just to see what it does. And gives me some diversification away from the usual suspects of PIMCO and the UTF/UTG pairing.
CEF help me SWAN (sleep well at night) away the volatility that has been hitting the market for the past few months. I might just dump the oil, (MIE) and put those funds into the fund of funds (FOF) since that has some oil/gas exposure.