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Strategies & Market Trends : High Yield Investing - CEF's
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From: chowder1/4/2022 1:59:16 PM
4 Recommendations

Recommended By
marsdon
peterad
red cardinal
Tam3262

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Re: TOP CEF PICK FOR 2022 ...

This is according to well respected Doug Albo.

Top 2022 Overall Pick

I'm going to make the Eaton Vance Tax-Managed Buy/Write Strategy fund ( EXD), $12.22 current market price, $12.07 NAV, 1.2% premium, 7.0% current market yield, my top overall pick for a couple reasons.

First, EXD should be a relatively safe fund to own in 2022 due to the fact that the fund holds roughly 140 stock positions selected from the S&P 500 while selling S&P 500 index options against a very high 95% of the fund's notional value. Though EXD, like many of the Eaton Vance option CEFs, is top heavy in the information technology sector, this is still a very defensive strategy that works best in a volatile up-and-down market but when no clear trend in place. Is this what we can expect in 2022? I think there's as good a chance as any that this is what we'll see.

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I own EXD and it is due for an add on so I ma pleased to see this. EXD uses no leverage so that would be appealing to some.

Top Holdings
As of 10/31/2021 reported by Fund Sponsor

Microsoft Corp$11.26M9.42%
Apple Inc$10.56M8.84%
Amazon.com Inc$7.34M6.14%
NVIDIA Corp$4.61M3.86%
Alphabet Inc Class C$4.39M3.67%
Alphabet Inc Class A$3.80M3.18%
Tesla Inc$3.77M3.15%
Meta Platforms Inc Class A$3.36M2.81%
Adobe Inc$2.92M2.45%
Netflix Inc$2.28M1.91%
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