For the year ended December 2016, Durable Income generated a 21.27% net return vs the Barclays High Yield Index Benchmark return of 17.13%. Since inception (June 1, 2014), Durable Income has generated an 8.44% annualized net return vs the Barclays High Yield Index’s annualized return of 3.62%. Durable Income invests in exchange traded, income oriented securities with the underlying goal …
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“Surprise, Surprise, Surprise” – Investor Newsletter – 2016 Q4
The quote from America’s most famous fictional Marine, Gomer Pyle, comes to mind when reviewing events of 2016. The year got off to one of the worst starts ever as the S&P 500 dropped 11% in the first six weeks and oil traded below 30 dollars per barrel. The Brexit vote in June proved all the pundits wrong. Finally, the election of Donald Trump to be the 45th President of the United States certainly was the ultimate surprise…
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A Bulldog Fund That Bites Bigger Than It Barks
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4 Closed-End Fund Picks as Rates Rise, Discounts Widen
Fixed-income CEFs on sale as rates rise
Lofty Closed-End Premiums Touch Off Alarm Bells
Investors hungry for income have driven up to lofty levels the premiums on dozens of closed-end funds, exposing investors to steep, sudden losses and prompting one prominent manager to warn investors away from his own funds…
Durable Income Strategy Investor Letter – October 2016
For the first nine months of 2016, the Durable Income Strategy performed well. Durable Income
generated a 16.64% net return vs the Barclays High Yield Index Benchmark return of 15.11%…
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Patience Rewarded – Investor Newsletter – 2016 Q3
For all the ongoing market concerns, the 3rd quarter ended with higher asset values. At the
start of the year, we felt strongly that the economy was not going to slide into a recession and the FOMC
would not raise rates four times…
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Wells Fargo’s Troubles Create Buying Opportunity
As investors, we are always searching for a stable and attractive yield without taking excessive risk. Currently, we seek opportunities that can provide an attractive return even as the Fed may raise short-term rates by a modest 25 basis points this December…
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Why Are Yield-Starved Investors Ignoring Closed-End Funds?
Closed-end funds (CEFs) sometimes get lost in the never ending expanse of investment options. That certainly seems to be the case in recent months, as yield-starved investors continue to gobble up risky debt with coupons at all-time lows while ignoring safer plays in the fixed income CEF market…
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