Q: Which one do you prefer and which one has the better long term return?
5i Research Answer:
HTA's five year annualized return is 20.60%. TXF is 17.23%. They are similar in size. HTA has higher fees (0.99% vs 0.69%). Both use covered calls to enhance income, HTA is much more concentrated, with 20 positions vs TXF's 64. We would side with HTA with its superior performance and concentration.
Authors of this answer, directors, partners and/or officers of 5i Research and/or affiliated companies have a financial or other interest in TXF.