- Price performance was flat while NAV increased 0.3%.
- Model changed to include portfolio weightings.
- Four funds in model ex-dividend this week.
Last week, I published my first article on how to build a diversified hedged closed-end fund portfolio. To properly evaluate how the system is working, I am going to track weekly performance and will share any changes to the portfolio on a weekly basis. As a reminder, the model is not static as changes in both price and NAV will change. Also, I have added a position weighting for this week's recommended portfolio.
For the week ended August 8, 2014, the model portfolio had an average price gain of 0.0% and an average NAV gain of 0.3%. For the week, the S&P 500 was up 0.4% and the bond market was up 0.2%. Performance was hurt by a 3.2% fall in NHF, but I argue in another posting that this is an excellent buying opportunity.
|Fund||1-wk Price Change||1-wk NAV Change|
For the coming week, I have added Portfolio Weightings for both CEFs and the Inverse ETF Hedges in order to more accurately assess portfolio performance.
|TYG - Tortoise Energy||10.0%||-7.6%||5.1%||Replaces SMM|
|NHF - NexPoint Credit||10.0%||-12.8%||6.4%|
|DNP - Duff&Phelps Select||7.9%||+4.6%||7.7%|
|JRS - Nuveen Real Estate||10.0%||-5.3%||8.4%|
|INF - Brookfield Global||7.1%||-11.3%||6.0%||ex-div 8.12|
DDF - Delaware Dividend
|CFP - Cornerstone Prog||9.9%||+8.4%||20.1%||ex-div 8.13|
|TTF - Thai Fund||2.4%||-12.6%||7.7%|
|JRI - Nuveen Real Asset||10.0%||-8.5%||8.4%||ex-div 8.13|
|MXE - Mexico Equity||7.5%||-10.7%||0.3%||new addition|
|BME - BlackRock Health||2.9%||-3.1%||4.8%||Replaces HQL|
|SPXU - Inverse 3X S&P||3.5%|
|TZA - Inverse 3X Russ2K||2.1%|
|TBT - Inverse 2X 20YR||8.2%|
Sources: Morningstar.com, Dividend.com
As always, I would appreciate any feedback you have on any of the picks or on your portfolio strategy.