Income Portfolio Performance Review:
For Calendar 2019 year-to-date the real money CFK Income portfolio has returned 19.5% vs. a 10.9% gain for its primary benchmark, the Russell 2000, and a 16.7% return for the S&P 500. Expected forward yield is 8.5%. Forward yield of the portfolio has dropped a bit as I partially sold positions in high yielding BDCs and commercial mREITs in favor of low yield Flagstar Bank (FBC) and currently non-paying Impac Mortgage Preferred (OTCPK:IMPHP).
Source: Etrade
With rates dropping, I generally find BDCs and commercial mREITs less attractive