The FOF fund uses a fund-of-funds approach to invest in CEFs. It pays $0.087 / month or an 8.8% market yield. However, the FOF fund suffers from a return-of-principal problem as its distribution rate ...
Cohen & Steers Closed-End Opportunity Fund is a well-diversified fund-of-fund option for income-oriented investors. FOF invests mainly in closed-end funds that trade at a discount to NAV. Owning FOF ...
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