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This is a fund-of-funds that was created in late 2015 as a means of taking advantage of the ultra-wide discounts that existed during that time. Interest rates were about to be increased for the first time in nearly 9 years, and investors were scared of the ramifications for CEFs. The time frame of when a CEF is launched can be highly determinant of how well it will perform in subsequent years.
Launching a CEF when the market for such a fund is already "hot" typically leads to lower future