By Michael Terry: Before I begin my analysis of the Spectrum Asset Management preferred closed end funds (under the Nuveen umbrella), I would like to restate what my objective is with this series of analyses. At one point in my career, I worked for an investment consulting firm, where I was the ...
By Roger Nusbaum : More so than in most issues, this week's issue of Barron's had a heavy emphasis on why US stocks are attractive. Repeated a couple of times was the book value argument, especially where financials are concerned. Although a reader took me to task a little on this the other day, ...
… 15.12 6.58% -8.99% Remove JPS Nuveen Quality Preferred Inc 2 $7.77 -$0.19 $8.64 8.49% -10.07% Remove JTP Nuveen Quality Preferred Inc $7.30 -$0.20 $8.12 8.22% -10.10% Remove BBN Blackrock Build America Bond $19 …
… closed-end bond funds (e.g. NPM , NXR , MFL ) Build America bond fund ( NBB ) Emerging market bond fund ( MSD ) Preferred ( JTP ) High yield ( HSA ) In this article, I will be reviewing a high quality, investment grade bond fund. The Alliance Bernstein …
… after tax yield HIX - 10.02 high yield corporate bond fund JTP - 7.79 preferred stocks BCF - 7.02 metals/energy/manufactures ..... that fund proves itself. I'm comfortable with NZF, HIX and JTP . I think BCF may be a good inflation hedge, but I would appreciate …
… and floater loans. Obviously there is more discussion on these in the CEF board than here, but instruments like PFF, PGX, JTP , EVF, and VVR used to get lots of hits. Nowadays, absent some special event, I see only a few mentions per month (and sometimes …
… my RMD. Stable, illiquid Total TIAA, bonds, CDs 16.0% 16 Interest rate risk FGMNX 15.35% ACG 06.4% PDT 04.35% JTP 02.1% NLY 01.15 29.35 Credit risk LSBDX 10.8% FFRHX 09.3% FOCIX 06.27% FSICX 04.0% 30.37 International GIM …
… of my CEFs in order to make it easier to monitor/manage my portfolio. There's no rush--funds in question are RCS and JTP ; and I'd also like to reduce the amount held in ACG. Any suggestions as to how to calculate limit prices that make sense …
… preferred dividends. I see that for many of the CEF preferreds ( eg JTP , FLC...) the distribution and hence the NAV have dropped considerably over the past 5 years. In the case of JTP the dividend has fallen 50%. Aside from the changing interest …
These are taking the hit like everything else--should I hold on or let go? Drawback is that they both have a long duration even "leverage adjusted" (30+ yrs actual; 7+ adjusted). Advantage is steady distributions, return of about 8% on share price, some UNII in both. Both have had a very nice ...