Closed-End Funds: Stock/Bond Mixes [Forbes]
Tri Continental Corporation (TY)
US:NYSE Investor Relations:
columbiathreadneedleus.com/investment-products/closed-end-funds
Company Research
Source: Forbes
Closed-End Funds: Stock/Bond Mixes These portfolios are, in old-fashioned terminology, balanced. They are intermediate between equity and fixed-income, either owning convertible bonds or combining stocks and bonds. The ones with handsome performance records tend to trade at a premium price. That, along with a good dividend, translates into a high cost of ownership. Thus, funds with A grades for both past results and cost effectivenss are scarce. Two exceptions to the general rule are Cohen & Steers REIT & Preferred Income, rated A+/A, and Tri-Continental, rated A/A+. The Cohen & Steers fund has done well owning such real estate investment trusts as American Tower, which leases space to cell phone companies. Tri-Continental is an ancient fund that owns a lot of blue chips (like Alphabet and Verizon Communications) and just enough bonds to not be classified as a pure equity play. Annualized portfolio returns shown here, and used in our performance grades, reflect the funds’ fees and exp
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Sec Filings
- 3/14/24 - Form 8-K
- 3/13/24 - Form N-CEN
- 3/1/24 - Form 8-K
- TY's page on the SEC website