The Most Discounted Closed-End Funds Yielding Up To 8% [Forbes]
PIMCO Dynamic Income Fund (PDI)
US:NYSE Investor Relations:
pimco.com/en-us/investments/closed-end-funds/dynamic-income-fund
Company Research
Source: Forbes
Closed-end funds (CEFs) are incredible wealth generators, combining huge (8%+, in many cases) dividends, with the potential for stock-like price gains. But to make the most of them, you need to look at one essential indicator: the discount to net asset value (NAV, or the value of the fund's underlying portfolio). We don't have to go too far into the weeds here: it's just another way of saying that CEFs can, and often do, trade for less than their portfolios are actually worth. That makes our approach straightforward: Buy when a CEF trades at an unusually deep discount—then ride along as that discount dissipates, driving the price higher as it does. Then you simply sell at a profit. And you're collecting those huge payouts the whole time. We'll dive into three of the deepest-discounted CEFs on the market (with markdowns up to 50%) in just a moment. But first, just to demonstrate how powerful a closing CEF discount can be, consider the story of a corporate-bond fund that did so
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