- Closed-end funds may be the ideal asset for income-focused investors due to their diversity and high yields.
- FOF invests in a portfolio of closed-end funds, giving investors a way to assemble a portfolio of these assets very easily.
- The fund boasts an impressive 7.07% yield, which is difficult to get given the policies of the Federal Reserve.
- The fund failed to cover its distribution last year, but it does appear to be sustainable over time.
- The fund appears to be overvalued currently, so it might make sense to wait until the price comes down.
For further details see:
FOF: Interesting Strategy But An Overpriced 7% Yield