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Cohen & Steers Closed-End Opportunity Fund, Inc. (FOF)

NYSE - NYSE Delayed Price. Currency in USD
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9.76-0.02 (-0.20%)
At close: 04:00PM EDT
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  • D
    Dave
    A number of the funds they hold have a large discount from NAV. The Gabelli Dividend and Income Fund has a 9% discount from NAV. The Adams Diversified Equity has a 14% discount from NAV.
    Royce Trust 11%
    Eaton Vance Tax-Advantaged Global 6%
  • M
    Mitchell
    A good time to get in for a long term hold. What you are looking for in a fund like this is a stable NAV and stock price and that nice fat 10% yield. This fund delivers. It's initial IPO($20) was apparently too high because the stock plummeted after. Was stable around $15 and then the 2008 sell off happened. Since that recovery it has been very stable for a decade trading in the $10-13 range with an average yield of around 9.9%.

    Very diverse it is a fund of closed end funds, stocks and bonds. Good management. Reasonable fees. A solid buy up to book value. At present it is selling 27% below book.

    The $1.04 annual distribution has remained unchanged for years! One of the absolute best core holdings in the closed end universe.
    Bullish
  • M
    Mitchell
    This is not a bad fund, I cannot say that I just wish the fund had a little better return. The concept is a good one. A fund that invests in other closed end funds. A super diversified fund of funds that pays an exceptional yield. It is on my list of my top 25 investments for retirement.

    The issue is with return. Other Cohens & Steers CEFs have outperformed this fund. RQI-RFI-RNP-UTF

    There are 8 Pimco bond funds with similar yields that have outperformed this one.
    Neutral
  • D
    Dave
    The yield on this fund of funds is over 9 percent while 30 year T bonds are paying 1.4%. Additionally, almost all of the funds in this fund are trading at a nice discount from NAV.
  • D
    Doug
    CD's have rolled over ! Bought FOF with, the Money !
    LOVE the Dividends and hopefully,.. good, Price STABILITY !
    Also bought, EXG and PDT !
    For about, 7 3/4 % in, blended returns.
  • S
    Saum
    anyone knows what the expense ratio is?
  • M
    MacBob
    down over 7% in last month. Ouch !
  • C
    Craig
    Trading at over 6% discount to NAV.

    https://www.cefconnect.com/fund/FOF
  • M
    Mitchell
    There are too many stocks in this fund. Since it is a fund made up of other funds there is no need for over 100 holdings and it waters down the performance because there are not that many good CEFs. It should be a focused fund with most of the assets invested in what the manager believes are the 25 best ideas. The fund families should be obviously known. Other C&S funds like UTF, RQI and RFI. The 2 Royce funds RVT and RMT. 5-6 high yielding PIMCO bond funds as well as some Muni funds for stability. All the Tekla funds are excellent. There are 5-6 Blackrock funds that are excellent. The Columbia tech fund STK.

    Obviously you focus more on the best fund families and the sectors(Tech and Health) that will out perform the market.

    25% Total stock market etf like IWV.
    3% each in your 25 best CEF ideas.

    That would give you diversification and a better return.
    Bullish
  • P
    Paula
    I wonder if JOF, Japan Smaller Capitalization Fund, by Nomura, is held by FOF. It has a 14% discount
    and 3.9% distribution with occasional extra distributions. Noted investor, Jeremy Grantham of GMO
    is suggesting that Japanese Small Caps should do well, going forward. (Articles in Bloomberg and
    Market Watch this month - July, 2021.) I notice JOF's volume has been increasing
  • Y
    Yahoo Finance Insights
    Cohen & Steers Closed-End Opportunity Fund is up 6.33% to 15.78
  • D
    Doug
    Wish that, I had bought, MORE of this,.. a few Months ago !
  • Y
    Yahoo Finance Insights
    Cohen & Steers Closed-End Opportunity Fund reached a 52 Week low at 11.60
  • s
    stephen
    Drop do to xdiv 9/14
  • C
    Craig
    Yield is well over 9% (as declared through end of 2020). Has been steady for a long time (per Nuveen's CEF connect website)

    Trading at over 5% discount to NAV per CEF connect.

    Accumulating . . .
  • Y
    Yahoo Finance Insights
    FOF reached a 52 Week low at 8.67
  • M
    MacBob
    FOF another big drop today, now is below NAV. Researched FOF, paying out over 8 cents per share a month and only earning $.035 a month. Mostly ROC each month. Dividend cut in the future ?
  • C
    Craig
    Appears to be moving up after testing support. NAV was also up yesterday.
  • Y
    Yahoo Finance Insights
    FOF reached a new 52 Week Low at $11.33
  • Y
    Yahoo Finance Insights
    FOF reached a new 52 Week Low at $11.47
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