Author highlights a Merrill Lynch report on buy-rated CEFs and lists funds he considers buy-rated with decent Z scores for a diversified income basket.
Unpriced research observations (excluded from Calls and Returns):
CHY — LONG Author includes this fund in a list of Merrill Lynch buy-rated closed-end funds with decent premium/discount Z scores. He suggests an investor could hold a basket of about 20 CEFs with a 5% allocation each for a diversified yield around 10%. resolved_entity_name_mismatch
The buy rated funds with decent premium/discount Z scores--in my opinion--include: convertibles (CHY, CHI), covered calls (ETW, FFA, BXMX), muni (MQY, MVF), preferred (FLC, FPF), multi-sector (GOF with 17% dividend rate!), real estate (IGR, RFI, RQI), MLPs (NML), senior loans (EFT, JFR), and multi-sector (PHK).
CHI — LONG Author includes this fund in a list of Merrill Lynch buy-rated closed-end funds with decent premium/discount Z scores. He suggests an investor could hold a basket of about 20 CEFs with a 5% allocation each for a diversified yield around 10%. resolved_entity_name_mismatch
The buy rated funds with decent premium/discount Z scores--in my opinion--include: convertibles (CHY, CHI), covered calls (ETW, FFA, BXMX), muni (MQY, MVF), preferred (FLC, FPF), multi-sector (GOF with 17% dividend rate!), real estate (IGR, RFI, RQI), MLPs (NML), senior loans (EFT, JFR), and multi-sector (PHK).
ETW — LONG Author includes this fund in a list of Merrill Lynch buy-rated closed-end funds with decent premium/discount Z scores. He suggests an investor could hold a basket of about 20 CEFs with a 5% allocation each for a diversified yield around 10%. resolved_entity_name_mismatch
The buy rated funds with decent premium/discount Z scores--in my opinion--include: convertibles (CHY, CHI), covered calls (ETW, FFA, BXMX), muni (MQY, MVF), preferred (FLC, FPF), multi-sector (GOF with 17% dividend rate!), real estate (IGR, RFI, RQI), MLPs (NML), senior loans (EFT, JFR), and multi-sector (PHK).
FFA — LONG Author includes this fund in a list of Merrill Lynch buy-rated closed-end funds with decent premium/discount Z scores. He suggests an investor could hold a basket of about 20 CEFs with a 5% allocation each for a diversified yield around 10%. resolved_entity_name_mismatch
The buy rated funds with decent premium/discount Z scores--in my opinion--include: convertibles (CHY, CHI), covered calls (ETW, FFA, BXMX), muni (MQY, MVF), preferred (FLC, FPF), multi-sector (GOF with 17% dividend rate!), real estate (IGR, RFI, RQI), MLPs (NML), senior loans (EFT, JFR), and multi-sector (PHK).
BXMX — LONG Author includes this fund in a list of Merrill Lynch buy-rated closed-end funds with decent premium/discount Z scores. He suggests an investor could hold a basket of about 20 CEFs with a 5% allocation each for a diversified yield around 10%. resolved_entity_name_mismatch
The buy rated funds with decent premium/discount Z scores--in my opinion--include: convertibles (CHY, CHI), covered calls (ETW, FFA, BXMX), muni (MQY, MVF), preferred (FLC, FPF), multi-sector (GOF with 17% dividend rate!), real estate (IGR, RFI, RQI), MLPs (NML), senior loans (EFT, JFR), and multi-sector (PHK).
MQY — LONG Author includes this fund in a list of Merrill Lynch buy-rated closed-end funds with decent premium/discount Z scores. He suggests an investor could hold a basket of about 20 CEFs with a 5% allocation each for a diversified yield around 10%. resolved_entity_name_mismatch
The buy rated funds with decent premium/discount Z scores--in my opinion--include: convertibles (CHY, CHI), covered calls (ETW, FFA, BXMX), muni (MQY, MVF), preferred (FLC, FPF), multi-sector (GOF with 17% dividend rate!), real estate (IGR, RFI, RQI), MLPs (NML), senior loans (EFT, JFR), and multi-sector (PHK).
MVF — LONG Author includes this fund in a list of Merrill Lynch buy-rated closed-end funds with decent premium/discount Z scores. He suggests an investor could hold a basket of about 20 CEFs with a 5% allocation each for a diversified yield around 10%. resolved_entity_name_mismatch
The buy rated funds with decent premium/discount Z scores--in my opinion--include: convertibles (CHY, CHI), covered calls (ETW, FFA, BXMX), muni (MQY, MVF), preferred (FLC, FPF), multi-sector (GOF with 17% dividend rate!), real estate (IGR, RFI, RQI), MLPs (NML), senior loans (EFT, JFR), and multi-sector (PHK).
FLC — LONG Author includes this fund in a list of Merrill Lynch buy-rated closed-end funds with decent premium/discount Z scores. He suggests an investor could hold a basket of about 20 CEFs with a 5% allocation each for a diversified yield around 10%. resolved_entity_name_mismatch
The buy rated funds with decent premium/discount Z scores--in my opinion--include: convertibles (CHY, CHI), covered calls (ETW, FFA, BXMX), muni (MQY, MVF), preferred (FLC, FPF), multi-sector (GOF with 17% dividend rate!), real estate (IGR, RFI, RQI), MLPs (NML), senior loans (EFT, JFR), and multi-sector (PHK).
FPF — LONG Author includes this fund in a list of Merrill Lynch buy-rated closed-end funds with decent premium/discount Z scores. He suggests an investor could hold a basket of about 20 CEFs with a 5% allocation each for a diversified yield around 10%. resolved_entity_name_mismatch
The buy rated funds with decent premium/discount Z scores--in my opinion--include: convertibles (CHY, CHI), covered calls (ETW, FFA, BXMX), muni (MQY, MVF), preferred (FLC, FPF), multi-sector (GOF with 17% dividend rate!), real estate (IGR, RFI, RQI), MLPs (NML), senior loans (EFT, JFR), and multi-sector (PHK).
GOF — LONG Author includes this fund in a list of Merrill Lynch buy-rated closed-end funds with decent premium/discount Z scores. He highlights GOF's 17% dividend rate and suggests a CEF basket allocation for a diversified yield around 10%. resolved_entity_name_mismatch
The buy rated funds with decent premium/discount Z scores--in my opinion--include: convertibles (CHY, CHI), covered calls (ETW, FFA, BXMX), muni (MQY, MVF), preferred (FLC, FPF), multi-sector (GOF with 17% dividend rate!), real estate (IGR, RFI, RQI), MLPs (NML), senior loans (EFT, JFR), and multi-sector (PHK).
IGR — LONG Author includes this fund in a list of Merrill Lynch buy-rated closed-end funds with decent premium/discount Z scores. He suggests an investor could hold a basket of about 20 CEFs with a 5% allocation each for a diversified yield around 10%. resolved_asset_type_mismatch
The buy rated funds with decent premium/discount Z scores--in my opinion--include: convertibles (CHY, CHI), covered calls (ETW, FFA, BXMX), muni (MQY, MVF), preferred (FLC, FPF), multi-sector (GOF with 17% dividend rate!), real estate (IGR, RFI, RQI), MLPs (NML), senior loans (EFT, JFR), and multi-sector (PHK).
RFI — LONG Author includes this fund in a list of Merrill Lynch buy-rated closed-end funds with decent premium/discount Z scores. He suggests an investor could hold a basket of about 20 CEFs with a 5% allocation each for a diversified yield around 10%. resolved_entity_name_mismatch
The buy rated funds with decent premium/discount Z scores--in my opinion--include: convertibles (CHY, CHI), covered calls (ETW, FFA, BXMX), muni (MQY, MVF), preferred (FLC, FPF), multi-sector (GOF with 17% dividend rate!), real estate (IGR, RFI, RQI), MLPs (NML), senior loans (EFT, JFR), and multi-sector (PHK).