ARDC - What Are The Best Quality Funds
We ran a screen of the best 'quality' funds from a fundamental standpoint. These are funds that exhibit certain characteristics. Those include:
- Trade at a discount
- UNII is zero or above
- UNII trends are "up"
- Coverage ratio is 98% or greater
- Earnings trends are "up"
While there are very few buy-and-hold closed-end funds available today, these are likely to be the closest. These are the true target funds where we can start investigating whether these should be bought today.
The PIMCO funds are excluded from this report. This is not because all of the funds