With closed end funds, I attempt to achieve a world balanced portfolio. I will make small allocation shifts based on my perceptions about relative value and risk. A primary focus is income generation, particularly on a monthly basis. I will frequently trade bond CEFs, and have bought and sold many of the same ones this year. The bond market has already enjoyed one of the longest bull markets of any asset class. The current long term secular bull market started in 1982.
While the table has been updated, I have yet to discuss changes involving two CEFs, one of which is an elimination of the leveraged bond CEF NPT at $12.92 yesterday and the other is the addition late last week of 50 IDE shares.
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