I have to agree with someone who said "why keep this fund at 6% dist. when we have so many others to pick from with 9-10% dist! If the fund managers do not pay a year end bonus I think many will leave for greener pastures. IMHO!
Been doing a lot of spreadsheet work the last two days, comparing what I currently own (monthly div paying CEFs) vs. suggestions and other funds I've found from various other sources.
I'm currently looking very hard at JPS, DHF, HIX, and EOI - none of them are bond funds, and JPS and EOI have actual gone UP over the last week and a half, as opposed to the bond funds, which all got crushed. Great yields, reasonable premiums or discounts, all dividend payments are earned, and all have positive UNII.
I will definitely be making some changes after I get my Dec divs, AWP is definitely gone, along with PPT (too much US Treasury exposure).....going to keep HYB, on the fence with PHT....since 12/6, I've lost more in capital value in PHT than I earned in divs over the last 12 months! For retired folks looking for a steady income stream, that's fine, but I'm relatively young (48) and need to GROW my IRA value, not see it decline....PHT is down over 12% since 12/8!