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New Fund PCEF
Old 03-03-2010, 09:42 PM   #1
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New Fund PCEF

Holds 70 CEF's, no history, little information I could find, one estimate was 8-9% yield/dividen. paid monthly. I think it should be pretty stable.
opinions please.
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Old 03-03-2010, 10:22 PM   #2
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Holds 70 CEF's, no history, little information I could find, one estimate was 8-9% yield/dividen. paid monthly. I think it should be pretty stable.
opinions please.
"PCEF's annual expenses, which include the fees of the underlying CEFs amounts to 1.81 percent"

Fees on top of fees.
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Old 03-03-2010, 10:50 PM   #3
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Prefer FOF, which is currently trading at a discount to NAV and has lower fees (and a track record).
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FOF has return of capital
Old 03-04-2010, 06:06 PM   #4
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FOF has return of capital

my search shows FOF has used return of capital for about 50% of last 3 distributions, that's concerning to me.
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