Example: CFP is a CEF. Trades at 10% - 11% premium to NAV. Yield is about 18.5% right now, but about 5% is consistently a ROC; actual yield about 13.5%. Invests in U.S. equity funds without leverage [how does it get that yield without leverage]. Been around several years.
Might be a good asset, but put in a non-retirement account so you benefit from the ROC. Remember that premiums can disappear if market sentiment changes. Is this a self-liquidating fund?
Hey Arwen I've been lucky I guess since I got back in to the market in "08" and have been buying and selling the Cornerstone Funds and am ahead of the game. CFP seems the best of the three right now but just about everyone speaks badly about them and are probably right, but I still get my dividend check in the hundreds every month which is a good thing. Gambling is part of the market!!!!! I wish I would have stuck with the PIMCO Funds when I got back into it in "08" it was paying 26% and is still paying the same amount.