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First Trust/Aberdeen Global Opp Message Board

  • rrtzrealmd rrtzrealmd Jun 11, 2013 12:58 PM Flag

    Lost 8% of its NAV...

    ...in less than a month...that's pretty bad...70% of the portfolio is government bonds...around 75% of the portfolio is BBB or higher...evidently institutions aren't fond of bonds right now regardless of their ratings...also risk of dividend cut since they pay out more than they earn...on my watch list as a possible buy nevertheless if I see some indication of a bottom...

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    • 1/3 of distribution is earnings and 2/3 is ROC and leveraged 32% all to send out an 8.5% distribution. Have cut dividend 33% since late 2010. The 5 year Total Return at NAV averages 3.2% per year. Why would anyone want to own such a poor performer. Lots of 8% + distribution rates out there with less leverage, no ROC, no distribution cuts, and better total return. This is a lemon.

      Sentiment: Strong Sell

      • 1 Reply to bruzer3131
      • where do you get your 1/3 of distribution earnings and 2/3 roc? doesnt agree with anything Ive found so please reference your source. Not trying to hype this one but until up until april this was my largest position built up over many years. The expenses in this fund also are on the high side and I believe a dividend cut of at least three cents is coming and is overdue. Good luck to all that own this, have to admit fam is a real favorite and I'll be back in after div cut.

    • Hi RRtzrealmd, I'm going with this one. The yield is great. The world economy should be muted for quite some time leading to lower bond yields. This was a good find. Thanks! Football

 
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