New Fund PCEF

[perrytime]

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.

 

[CyclingInvestor]

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.

 

[brewer12345]

Prefer FOF, which is currently trading at a discount to NAV and has lower fees (and a track record).

 

[perrytime]

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.