Results for: Closed-End Fund

The LMP Capital and Income Fund (SCD) has consistently outperformed its benchmark and peer group, delivering strong returns over the years. Its portfolio composition is well-positioned for the current economic environment, with overweights in energy, real estate, and value-oriented stocks. While the current discount to NAV is near historical highs, SCD remains an attractive long-term investment. Its focus on MLPs and REITs sets it apart from peers who are more heavily allocated to tech stocks or high-yield fixed income vehicles. However, higher expenses and a potential impact on distributions in the short term warrant caution.

The DoubleLine Income Solutions Fund is a closed-end fund that seeks to provide investors with a high level of income. The fund primarily invests in below-investment-grade debt securities and emerging markets. While the fund has a reasonable leverage ratio compared to its peers, its low transparency and lack of recent financial information are concerns. The fund has a moderate 10.90% yield, but it has failed to cover its distributions over the past two years. Overall, the fund’s positioning is reasonable, but caution is advised due to the lack of transparency and the fund’s recent net asset value destruction.

Osprey Bitcoin Trust (OBTC) is a closed-end fund that provides exposure to Bitcoin. In recent months, the fund has traded at a discount to its net asset value (NAV). This discount has narrowed in recent weeks, but it remains wide enough to make OBTC a potentially attractive investment for those seeking exposure to Bitcoin at a discount.