Users' questions

Is DSL a closed end fund?

Is DSL a closed end fund?

DSL is a fund designed primarily as a long-term investment and not as a trading tool. A closed-end fund is not required to buy its shares back from investors upon request. The share price of a closed-end fund is based on the market value.

What is in DSL fund?

The Fund invests in securities selected for their potential to provide high current income, growth of capital, or both. It normally invests at least 80% of its net assets in debt securities and other income-producing investments anywhere in the world, including emerging markets.

What is the NAV of DSL?

15.85 0.10 (0.6349%)

Premium / Discount (1 Month Average)^ as of 01/31/2022 -4.92%
NAV as of 02/08/2022 16.46
NAV Update Frequency

What closed-end fund?

A closed-end fund is a type of mutual fund that issues a fixed number of shares through a single initial public offering (IPO) to raise capital for its initial investments. Its shares can then be bought and sold on a stock exchange but no new shares will be created and no new money will flow into the fund.

Is PTY a buy?

PTY is one of the strongest investment funds in the market, and almost always a strong buy. PTY’s premium is excessively high on absolute terms, and the highest it has been in the fund’s history, and by quite a margin.

What is the difference between an ETF and a closed-end fund?

Closed-end funds vs. A common misunderstanding is that a closed-end fund (CEF) is a traditional mutual fund or an exchange-traded fund (ETF). A closed-end fund is not a traditional mutual fund that is closed to new investors. And even though CEF shares trade on an exchange, they are not exchange-traded funds (ETFs).

Should I sell PTY?

PTY’s excessively high premium reduces the fund’s distribution and total returns too. Combining a significant increase in risk with a significant reduction in returns is a dreadful combination, and not something investors should want or seek out. In my opinion, PTY would be a strong buy with a more moderate premium.

Which is better ETF or CEF?

CEFs are actively managed, whereas most ETFs are designed to track an index’s performance. CEFs achieve leverage through issuance of debt and preferred shares, as well as through financial engineering. ETFs are structured to shield investors from capital gains better than CEFs or open-end funds are.

Why do closed-end funds pay high dividends?

Closed-end funds frequently use leverage — borrowing money to fund their asset purchases — to increase returns. Closed-end funds tend to pay out higher dividends to investors in part because they use leverage to help boost returns. Again, that works well in a rising market, less so in a falling one.

Is PTY a good fund?