TSLA - Equity CEFs: The Hidden 'Value' In A Technology CEF

• One year ago almost to the day, the AllianzGI Artificial Intelligence & Technology Opportunity fund went public at $20, both at market price and NAV.
• Yesterday, AIO's NAV closed at $25.50 and with a $0.1083/share distribution paid each month along the way, AIO's total return at NAV over the past year is 33.7%.
• I'm not sure I have seen a more successful equity CEF in its first year and yet if you look at AIO's Premium/Discount chart below, you might think something is wrong.
• Maybe its because CEF investors in AllianzGI expected only value type returns and figured it was time to cash in when a $20 IPO goes to $22.50 or so.
• Or maybe they thought a fund with "Artificial Intelligence" and "Technology Opportunities" in its name was too risky and wasn't 'value' enough for them.  Well, let's take a closer look.

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