The overall portfolio was up 0.7% in price and NAV up 0.6%. The portfolio trailed the S&P500 (+1.8%) and Russell 2000 (+1.7%), but outperformed the Bond Market (-0.2%).
One of the biggest winners was NexPoint Credit Strategies (NYSE:NHF) which was up 3.0% while NAV was up only 1.4%. In an Instablog, I alerted the Seeking Alpha community to an opportunity based on the ex-dividend date and the monthly purchase of shares by the Fund Manager. In a filing, the Manager did indeed buy another 118,364 shares to bring his total holdings to 3,941,971 shares (6.2% of outstanding shares).
The biggest winner was MS India (NYSE:IIF) which was up 3.3% (+3.5% NAV). The biggest loser was JRI which was down 0.6% (+0.8% NAV).
|Fund||Weight||1wk Price||1wk NAV|
For the coming week, the portfolio has been rebalanced to reflect minimum trading volumes. Delaware Dividend (NYSE:DDF) was eliminated for this reason, despite it being a profitable trade.
Thai Fund (NYSE:TTF) joins the portfolio as a replacement for MS India . TTF trades at a deep discount and has impressive NAV growth. IIF was closed due to strong 3.3% rally and current to historical discount to NAV narrowing.
|TYG - Tortoise Energy Infra||10.0%||- 9.5%||5.1%||SMM out|
|DNP - Duff&Phelps Select||9.7%||+ 1.9%||7.6%||ExDiv 08.27|
|INF - Brookfield Global Infra||8.7%||-11.3%||5.7%|
|NHF - NexPoint Credit||7.4%||-10.2%||6.1%|
|JRS - Nuveen Real Estate||10.0%||- 4.3%||8.1%|
|TTF - Thailand Fund||10.0%||-13.2%||11.9%||New|
|BME - BlackRock Health||10.0%||- 4.6%||4.7%|
|JRI - Nuveen Real Asset||7.2%||- 6.8%||8.0%|
|CFP - Cornerstone Prog||9.2%||+ 6.8%||20.3%|
|SPXU - Inverse S&P||5.3%|
|TZA - Inverse Russ2000||5.3%|
|TBT - Inverse Treasury 20+||7.2%|
Source: Morningstar.com, Dividend.com
As always, I would appreciate a critique on the portfolio.
Disclosure: The author is long TYG, DNP, INF, NHF, JRS, TTF, JRI, SPXU, TZA, TBT.
The author wrote this article themselves, and it expresses their own opinions. The author is not receiving compensation for it (other than from Seeking Alpha). The author has no business relationship with any company whose stock is mentioned in this article.