Three new possibilities in the CEF debt space.

music selection:  “Not Afraid” — Cilver

Each Friday I highlight three closed end funds invested in debt and debt like instruments.  These are safe high yield plays that can buttress an early retirement portfolio by making it completely unnecessary to sell shares to fund living expenses.  The next three are yield rich and attractively priced.

Franklin Limited Duration Income (FTF) is a closed end fund that seeks high current income and capital appreciation through investment in high yield corporate bonds, floating rate bank loans and mortgage and other asset backed securities.  It pays a managed distribution on a monthly basis.

  • Discount to NAV – 7.01%
  • Yield – 10.88%
  • Effective leverage – 23.57
  • Expense ratio – 1.35%
  • Learn more

Brookfield Real Assets and Income (RA) is a closed end fund that seeks to achieve its investment objective by investing primarily in Real Asset Companies and Issuers.  It pays a managed distribution on a monthly basis.

  • Discount to NAV – 10.56%
  • Yield – 11.06%
  • Effective leverage – 21.08
  • Expense ratio – 2.36%
  • Learn more

Eaton Vance Tax Advantaged Bond and Income (EXD) is a closed end fund that seeks to provide tax-advantaged current income and gains through the use of a tax-advantaged short-term, high quality bond strategy and a rules-based option overlay strategy.  It pays a managed distribution on a quarterly basis.

  • Discount to NAV – 9.41%
  • Yield – 12.31%
  • Effective leverage – none
  • Expense ratio – 1.45%
  • Learn more

Devour your prey raptors!

Friday Fixed Income

Never miss another opportunity to devour prey!

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