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| Bonds Online |
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| 5/10/2013Market Performance |
| Municipal Bonds |
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S&P National Bond Index
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3.00% |
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S&P California Bond Index
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2.96% |
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S&P New York Bond Index
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3.13% |
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S&P National 0-5 Year Municipal Bond Index
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0.70% |
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| S&P/BGCantor US Treasury Bond |
400.09 |
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| Income Equities: |
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| Preferred Stocks |
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S&P U.S. Preferred Stock Index
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848.03 |
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S&P U.S. Preferred Stock Index (CAD)
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636.26 |
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S&P U.S. Preferred Stock Index (TR)
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1,701.05 |
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S&P U.S. Preferred Stock Index (TR) (CAD)
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1,276.26 |
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| REITs |
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S&P REIT Index
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174.07 |
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S&P REIT Index (TR)
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425.30 |
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| MLPs |
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S&P MLP Index
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2,469.58 |
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S&P MLP Index (TR)
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5,428.50 |
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See Data
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5 CEFs With 10% Or More Distribution Yields |
Seeking Alpha - Dec. 15, 2011 - By Greg Group
One of the easiest ways to beat the stock market over the last 10 years has been bond CEFs. Many of these investments have produced an average annual return of 8% during this period. With interest rates low and not expected to increase until maybe 2013 or later, these bond CEFs are an attractive way to avoid the stock market swings. These CEFs have a negative beta so they will move opposite of the market and their distributions will remain stable. The list below identifies 5 CEFs with a distribution rate of 10% or more paying monthly income.
Credit Suisse High Yield Bond Fund (DHY) will invest at least 65% of its total assets in fixed income securities of US issuers rated below investment grade quality or in unrated income securities that are judged to be of comparable quality. The primary objective is to seek high current income with a secondary objective of capital appreciation. Up to 30% of its total assets may be invested in securities of issuers domiciled outside the US or that are denominated in various foreign currencies or multinational foreign currency units. It may use leverage and derivative financial instruments.
DHY is a low priced CEF trading at $2.94, a small premium of 6% to NAV. It has a one-year market return of 14% with a three-year return of 26%. Compared to the S&P 500 flat return over the last 10 years, DHY has an average annual market return of 8%. Also, DHY has a one-year beta of -1.57 which offsets the movement seen in stocks. DHY has a distribution yield of 10.7% paid on a monthly basis. DHY does not utilize return of capital in its distributions.
Wells Fargo Advantage Income Opportunities Fund (EAD) has a primary objective to seek a high level of current income. As a secondary objective, it may also seek capital appreciation consistent with its investment objective. Normally it invests at least 80% of its total assets in below investment grade debt securities, loans and preferred stocks. It will not invest more than 20% of its total assets in convertible instruments. Up to 10% of its total assets may be invested in futures and options on securities and indices and in other derivatives.
EAD is a trading at $9.82, a small premium of 5.36% to NAV. It has a one-year market return of 17% with a three-year return of 22%. EAD has a one-year beta of -0.63 with an adjusted expense ratio of 0.98. EAD has a distribution yield of 10.4% paid on a monthly basis. EAD does not utilize return of capital in its distributions but has a total leverage of 26%.
For the complete article.
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| Stuff to look at |
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| BondsOnline Advisor |
Income Security Recommendation January 2013 Issue.
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