Aspects of the CEF market can be daunting and non-transparent to all but its die-hard followers. A number of misconceptions that we see again and again in comments has to do with fund fees and expenses. In this article we talk about some of the key fees, charges or expenses that investors face when transacting and holding CEFs. In the article we take a broad view of costs including both investor and fund-level trading and execution considerations alongside the more familiar fund charges like management fees and interest expense.
One key takeaway is that an