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Friday Fixed Income

Three possibilities in the closed end fund debt space.

music selection:  “You’re No Good” — Van Halen

Each Friday, I post three closed end funds invested in debt and debt like securities.  These can serve as the anchor of a income centric portfolio to support early retirement.  I keep 40% of my portfolio in this sector and it is sufficient to cover my early retirement budget.  I have another 60% available for trading and growth to ensure I stay ahead of inflation.

Aberdeen Global Premier Properties Fund (AWP) is a closed end fund that seeks current income through investment in global equity and debt securities.  It pays an income only distribution on a monthly basis.

  • Discount to NAV – 8.33%
  • Yield – 9.40%
  • Effective leverage – 3.41%
  • Expense ratio – 1.35%
  • Learn more

Aberdeen Income Credit Strategies (ACP) is a closed end fund that seeks a high level of current income with capital appreciation through investing in a portfolio of senior loans.  It pays an income only distribution on a monthly basis.

  • Discount to NAV – 7.81%
  • Yield – 10.34%
  • Effective leverage – 30.07%
  • Expense ratio – 3.11%
  • Learn more

NexPoint Strategic Opportunities Fund (NHF) is a closed end fund that seekscurrent income with capital appreciation through investment in floating and fixed rate loans, bonds, debt obligations, mortgage backed and asset backed securities, collateralized debt obligations and equities.  It pays an income only distribution on a monthly basis.

  • Discount to NAV – 9.97%
  • Yield – 10.76%
  • Effective leverage – 14.77%
  • Expense ratio – 2.21%
  • Learn more

Devour your prey raptors!

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