GlobalTrekker

Credit Suisse Income Fund: Breach of Moral Obligation

Good for you, Joe. It was like pulling teeth getting the information from Credit Suisse directly, but given one of the comments in your previous article, pull is what we did, and they gave us the information over the phone on about the 25th. And, yes, Credit Suisse *does* think we are chopped liver. Actually, I feel that most of the fund companies do, and they are often incensed when you try to cut through their layers of subterfuge and talk to a person directly involved. Many are offended that you are taking up their time, even if you hold a major position. You'll also notice how more and more fund managers are only taking written questions that they select on their conference calls. All the more reason one has to be vigilant about their management fees and the funds in general.

Attractive and Secure Monthly CEF Distributions?

User 445849,

Where did you hear about the div cut? Even their public desk was unaware. The delayed dividend announcement was a tip off. Quite a big drop: 12% cut.

Joe Eqcome,

Like your posts and analysis, but I think there is a limit to this type of screening analysis. A much more valid approach would be back-testing these hypotheses on random time intervals and seeing if the short-term return was greater than the S&P or appropriate bond index over that interval. I really have doubts about most of these picks. DHF and FAM both look like a bunch of crap that have underperformed compared to their indices. It's just their discounts have fallen. DHF with a 3.1% management fee is appalling compared to JNK's 50 b.p.s fee. And FAM is a disaster waiting to happen at 29% leverage and a completely unjustifiable 3.6% management fee.