TEAF - JRI: A Strong Yield High Risk Closed-End Balanced Mutual Fund

June, 09 2022 03:06 PM Tortoise Essential Assets Income Term Fund of Beneficial Interest

JRI’s high yield is supported by an average coupon of 5.5 percent, and the returns of stocks from real assets related companies.
High inflation, rising interest rates, and looming economic recession impacts real asset related stocks much less than traditional or high growth stocks.
JRI has a high expense ratio of 1.82 percent, and its bond portfolio is quite risky, as all those bonds are of low or below investment grade.
JRI failed to generate positive price growth throughout its existence, and is currently trading at almost 12 percent discount to its NAV.

For further details see:

Company Name:	Tortoise Essential Assets Income Term Fund of Beneficial Interest
Stock Symbol:	TEAF
Market:	NYSE
Website:	cef.tortoiseadvisors.com/teaf/overview/