I last published this table in July Stocks, Bonds & Politics: CEF Portfolio as of 7/22/13.
I have attempted to reflect additions and subtractions since that time in this table:
For some positions, this is time consuming since a position may be held in more than one account. I have made an effort to include shares purchased with reinvested dividends.
The July update failed to include the balanced fund ZTR: Bought 100 ZTR at $12.82-ROTH IRA (7/6/13 Post); Bought 200 ZTR at $12.835 (3/12/13 Post)
The CEF Portfolio is viewed as a portfolio within a portfolio. The CEF Portfolio will be a balanced one, with some international exposure.
The emphasis in this portfolio is income. A number of the owned CEFs pay monthly dividends.
Over the past few weeks, I have reduced my stock allocation and increased my bond exposure. With the recent rally in bonds, I may soon eliminate one bond fund and possibly pare one or two more. I will constantly shift the stock and bond allocation up and down based on my opinions about relative valuations, along with other considerations including the amount of income and/or profit generation.
Stock CEF dispositions since 7/22/13 include the following:
Sold 107+ GAM at $34.44 (10/19/13 Post)
Sold 201+ MSF at $15.62 (10/14/13 Post)
Sold: 50 CET at $23.58, 200 BIF at $7.65 (10/3/13 Post)
Sold 283 IGR at $7.89+ (8/24/13 Post)
Sold 505+ RVT at $15.89 (8/3/13 Post)
The only stock CEF addition is
Bought Back IF at $11.23 (8/10/13)
I added the following bond and/or "preferred" security CEFs:
Bought: 200 FAX at $6.08, Added 50 SGL at $9.18 -Roth IRA/ Bought 100 GDO at $17.79-Regular IRA (10/24/13 Post)
Added 100 IGI at $19.28/Bought 200 JTP at $7.53-Regular IRA (10/14/13 Post)
Bought 150 ACG-$6.975-Regular IRA (10/9/13 Post)
Roth IRA Bought 50 FAM at $14.2 (10/7/13 Post)
Bought 50 BWG at $16.68 (10/3/13 Post)
Added 50 NPI at $12.16 (8/10/13)
Added 50 NPI at $12.45 (7/27/13 Post)
I added the following balanced CEFs:
Bought: 200 PDT at $11.73 (10/24/13)
Added 100 CSQ at $10.18 (8/17/13 Post)
I will discuss a recent 200 share purchase of the municipal bond CEF NMO in next Saturday's post along with a 300 share add to an existing CEF bond fund MIN purchased last week at $5.24. Those shares are included in the preceding table.