#HYHRD – CEF screening on cefconnect.com $RIF $HTD $PDT $RQI $CSQ $GGE $GPM $PFL $PFN $UTF $RNP $RFI $NRO

I usually only post for my holdings, and they’re as accurate as I can make them. The symbols I currently own are; ARI-A, ARR-B, BDJ, BGH, CLNY-C, CMRE-C, CMU, CSI, CXE, DFP, DHF, DHY, EAD, FFC, FHY, FLC, FPF, GOF, GUT, HHY, HIX, HPF, HPI, HPS, HTD, IVH, JPC, JPI, JPS, KIO, LDP, MAV, MFM, MHI, NMZ, PDT, PFD, PFO, PHK, PHT, PSF, RNP, RQI, RSO-C, STK, TOO-B. Quite a list, eh? (46 total issues held; 0 common stocks, 6 Preferreds, and 40 CEFs.)

As you can see, I’ve moved away from common stocks, and snatched a few preferred issues and really concentrated on CEF (Closed End Funds).

I was looking at cefconnect.com to see if there were any better CEFs to pick from. I started out by selecting 8 criteria from the performance section of the fund screener; YTD return on price & NAV, 1 year annualized return on price & NAV, 3 year annualized return on price & NAV, & 5 year annualized return on price & NAV. I narrowed it down by checking only returns over 14% for the periods mentioned. I know that’s high, but that’s where I started.

This gave me 4 results; RIF, HTD, PDT, & RQI (I already own all but RIF). I really wasn’t expecting a large number of funds to fit these criteria.

So, then I changed it up and added the range 7%-14% to the above, so I would get all the funds that had price appreciation greater than 7% over the 4 periods (YTD, 1 year, 3 year, & 5 year).

I also added some distribution criteria; distribution type – income only, distribution rate – over 9% (yes, I know that’s high), and distribution frequency – (nothing selected so I get monthly, quarterly, semi-annual, and annual). More on this later…

I also added pricing info, looking for funds trading at a discount, any discount under 5%.

This gave me 5 results; CSQ, GGE, GPM, PFL, & PFN. But, I wasn’t done yet.

I then added the 7%-9% range to distribution rate so I would get all CEFs yielding over 7%. Then, I added monthly to the criteria for distribution frequency.

This gave me 6 results; CSQ, UTF, RQI, RNP, RFI, & NRO.

So, then I took a look at some free charts. For this, I went to my old standby, stockcharts.com. I started out with the PerfCharts, which allows performance comparison of up to 10 symbols.

I selected a number of timeframes; 1825, 1500, 1000, 500, & 200 days (the default).

Here they are, in order (click to embiggen);






As you can see, the longer timeframes showed some very high returns. The shorter timeframe, 200 days, showed a very respectable return for the time the issues would have been held.

Then I went with the CandleGlance charts, which allows for comparison of up to 12 symbols. I chose the 6 month timeframe for CSQ, GGE, GPM, PFL, PFN, & UTF having weeded out some symbols that didn’t have the appeal I was looking for.

This is the result;


The point of this exercise being that almost any one of these would have been a good investment if it were to be held for an appropriate length of time.

I may add to or initiate a position in any of these in the near future, after some further due diligence.

Of course, YMMV…


About PandA Trader

I am, I think... "Disobedience, in the eyes of anyone who has read history, is man's original virtue. It is through disobedience and rebellion that progress has been made." -- Oscar Wilde
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