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Strategies & Market Trends : Young and Older Folk Portfolio -- Ignore unavailable to you. Want to Upgrade?

To: Rincon v2.0 who wrote (21068)	10/7/2025 9:35:24 PM
From: jritz0	Read Replies (1) \| Respond to of 23028

RE: That downturn in April affected the entire stock market, not just PDI. It was a good buying opportunity. The premium/discount had no effect on that single fund when the entire market crashed. My point was the premium did have an effect and it would be more pronounced if the market didn't bounce back quickly. Compare the drop in NAV to the drop in price in early April below; high leverage, low credit quality and a large premium is an unholy alliance in my book if it looks like a correction is coming particularly due to a recession.

To: Rincon v2.0 who wrote (21068)	10/7/2025 9:53:14 PM
From: jritz0	Read Replies (1) \| Respond to of 23028

RE: EVT is more typical for me. It is a tax advantaged fund paying 0% ROC with an 8% yield. It’s one of Eaton Vance’s unloved funds. I added to it earlier this year, might have been April. Can’t tell you what the premium or discount is, but it’s a better buy today than its stablemates ETG and ETO. If you don't use premiums or discounts to value CEFs how do you value them and how did you come up with EVT is a better buy than ETG or ETO? EVT is 21% leveraged has 9.31 nav growth YTD and 8.32% total return with an 8.05% discount ETG is 28% leveraged has 20.09% nav growth YTD and 24.1% total return with a 6.74% discount ETO is 20% leveraged has 18.47% nav growth YTD and 17.14% total return with an 8.88% discount ETO and ETG are beating the market, EVT is lagging behind. I don't want to come off as argumentative; I'm just trying to figure out your process, maybe it can help me in the future.