|Bid||0.00 x 4000|
|Ask||0.00 x 800|
|Day's Range||10.90 - 10.98|
|52 Week Range||10.63 - 13.52|
|PE Ratio (TTM)||N/A|
|Beta (3Y Monthly)||1.10|
|Expense Ratio (net)||0.64%|
Private equity has long served as a vehicle for outsized returns for the wealthiest investors. Most of us see this investment world through the television show Shark Tank. Unfortunately, securities laws prevent the majority of the population from investing like Mr. Wonderful.
In 1Q18, Carlyle’s (CG) real assets segment’s carry funds rose 2%, boosting its net performance revenue to $11 million. The segment’s last-12-month economic income was $187 million and its 1Q18 economic income was $31 million, thanks to FRE (fee-related earnings) rising YoY (year-over-year) to $24 million from $9 million. FRE rose due to higher fund management fees as a result of capital-raising activities.
The Blackstone Group’s (BX) real estate revenue fell substantially YoY (year-over-year) in 1Q18, by 17% to $641 million from $774.9 million. Its principal investment income fell 51% YoY to $17.3 million from $35.7 million, and its performance revenue fell 26% YoY. The division’s opportunistic funds’ carrying value rose 3.5%, mainly due to private investments, and the carrying value of the division’s core plus funds appreciated 3.4%.
For those of you seeking really high-yield exchange-traded funds, this article is for you. Finding dividends above 9% is really challenging, because they either involve companies whose stock prices are falling (and therefore yields rise in turn), or they are leveraged ETFs. You just need to be aware that if the market or the investments in these high-yield ETFs turn against you, they will turn against you in a much bigger way, and very quickly as well.
The key, of course, is to not just eyeball the dividend yields, but to also understand where the cash for the dividends is coming from and how it will keep coming long after your family’s Thanksgiving meal’s leftovers are finished and even to Thanksgiving holidays years from now. As with the Alerian, the ETF has many advantages as the underlying companies pass through the majority of their profits without having to pay corporate taxes – which provides more cash for higher distributions than ordinary corporations.