JNJ - IGD: Good Idea Terrible Execution

• Most investors have overexposure to their home countries, which could be a very real problem for American investors.
• IGD uses a global dividend and option-income strategy to provide distribution income to its investors.
• America's market is substantially overvalued so diversifying away from it could be a good idea.
• The fund has failed to cover its distributions fairly consistently and destroyed NAV in both 2019 and the first half of 2020.
• The price is fine and the idea behind the fund is good, but the NAV destruction makes this one avoid.

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