FOF - FOF: Interesting Strategy But An Overpriced 7% Yield

• Closed-end funds may be the ideal asset for income-focused investors due to their diversity and high yields.
• FOF invests in a portfolio of closed-end funds, giving investors a way to assemble a portfolio of these assets very easily.
• The fund boasts an impressive 7.07% yield, which is difficult to get given the policies of the Federal Reserve.
• The fund failed to cover its distribution last year, but it does appear to be sustainable over time.
• The fund appears to be overvalued currently, so it might make sense to wait until the price comes down.

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