Q: I would like your opinion on this holding. It has been very good for me since the last non recomendation. Has anything changed? Thanks James
5i Research Answer:
It is still very small at only $23M in assets. One year return is now 10%; indicated yield is 12.10%. With the drop in interest rates, its holdings, which are nearly all dividend stocks, have performed better. Its put options have increased its return, as in a market rally these expire and income is simply enhanced. Nothing has really changed at the fund, but conditions for its holdings have improved.