Update For Closed End Fund Portfolio As Of 4/8/15

by: South Gent

I last updated my closed end fund positions last November. Closed End Fund Portfolio: Update - South Gent | Seeking Alpha

I view the closed end portfolio to be a balanced worldwide portfolio within a larger portfolio that includes individual stock and bond selections.

I place an emphasis on income generation and own a number of CEFs that pay monthly dividends.

I will change the weightings in the CEF portfolio based on my opinions about the balance between risks and rewards.

Overall, I have reduced the size of the closed end portfolio by selectively taking profits since 11/1/14.

I have decreased my weighting in leveraged bond CEFs for the reasons mentioned in several recent SA articles and in the posts linked below discussing dispositions of those funds.

I have increased my weighting in foreign stock CEFs.

Generally, realized gains from bond funds will be substantially lower than for stock or balanced funds. I am simply trying to harvest dividends in bond CEFs and to hopefully escape with small profits on the shares.

I realized $4,073.7 in profits (excludes dividends) since the last update.

Snapshot of Table as of 4/8/15:

The foregoing snapshot was taken during the trading day.

Additions Since Last Update (Discussions in Linked Posts + Snapshots of Trades)

Bought 200 ZTR at $13.72 (4/1/15 Post)

Bought 50 DPG at $19.54 (3/22/15 Post)

Bought 100 CHN at $18.94-Roth IRA (3/2/15 Post)

Added 300 of the Bond CEF ACG at $7.5-Roth IRA (1/19/15 Post)

Bought 100 SWZ at $11.3-Roth IRA (1/18/15 Post)

Bought 100 JDD at $11.65 (1/7/15 Post)(sold see below)

Bought 300 JTP at $8.18 (1/6/15 Post)(sold see below)

Added 50 CHN at $17.79 (12/30/14 Post)

Added 100 of the Bond CEF BTZ at $13.25-Roth IRA (12/9/14 Post)

Added 50 FPF at $21.53-Roth IRA (11/17/14 Post)

Added 100 GDO at $17.79/ Bought 100 VGI at $16.65 as a Trade (11/14/14 Post)

Added 50 ESD at $16.91 (11/13/14 Post)

Bought Back 100 NBD at $21.35 (11/3/14 Post)(sold see below)

Bought Roth IRA 200 BHK at $13.305 (11/7/14 Post)

There were some significant additions due to year end distributions:

Deletions or Reductions Since Last Update (links includes snapshots of trades and profits):

Sold 300 out of 600 ACG at $7.715 (4/7/15 Post)(profit Snapshot=$41.28)-Bought 300 ACG at $7.53 (10/17/14 Post)

Sold 221+ CSQ at $11.17 (4/1/15 Post)(profit Snapshot=$630.79)(multiple buys linked in post)

Sold 100 of 520+ BTZ at $13.65 (3/28/15)(profit snapshot=$23.77)-Item # 1 Added 100 of the Bond CEF BTZ at $13.25-Roth IRA (12/9/14 Post)

Continued Paring Interest Rate Risk: Sold 100 of the CEF JDD at $12.45-Roth IRA (3/7/15 Post)(profit Snapshot=$66.98)-Bought 100 JDD at $11.64 in Roth IRA (4/12/14 Post)

Sold 100 JPI at $23.54 and Another 100 at $23.55-Roth IRAs (3/2/15 Post)(profit snapshots=$6.12)-Item # 7 Bought 100 JPI at $23.34 (6/7/14 Post)

Sold 100 of 200 DPG at $20.74 (2/17/14 Post)(profit snapshot=$200.07)-Item # 7 Added 100 DPG at $18.58 (2/3/14 Post)

Pared Interest Rate Risk by Selling in a Taxable Account: 200 PDT at $14.26 (2/11/5 Post)(profit snapshot=$490.23)-Item # 1Bought: 200 PDT at $11.73 (10/24/13 Post)

Pared Interest Rate Risk: Sold 100 NBB at $21.25-Roth IRA (2/7/15 Post)(profit snapshot=$101.7)-Item # 1 Roth IRA: Added 100 NBB at $20.1

Pared Interest Rate Risk: Sold 300 JTP at $8.55 (2/7/15 Post)(profit snapshot=$95.1)-Bought 300 JTP at $8.18 (1/6/2015 Post)(noted in additions above)

Sold 100 NBD at $22.22-Taxable Account (1/24/15 Post)(profit snapshot=$71.07)-Item # 1 Bought Back 100 NBD at $21.35 (11/3/2014)

Sold 200 BHK at $13.86-Taxable Account-Completes BHK Transition to Roth IRA (1/14/15 Post)(profit snapshot=$75.23)-Item # 1 Bought 200 BHK at $13.4 (8/23/14 Post)

Sold Highest Cost 150 FPF at $22.42 Roth IRA (1/4/15 Post)(profit snapshot=$13.44)

Sold Highest Cost NBB at 21.1 Roth IRA(1/4/15 Post)(profit negligible)-Item # 1 Bought 50 NBB at $20.73-ROTH IRA (June 2012)

Sold 433+ RMT at $12.76-Average Cost Per Share $7.91(12/18/14 Post)(profit snapshot $2,057.88)

SOLD 50 DPG at $22.42-Roth IRA (11/29/14 Post)(profit snapshot=$124.99)-Item # 2 Bought Roth IRA: 50 DPG at $19.64 (10/20/14 Post)

Sold: 100 IGI at $21.02 (11/7/2014 Post)(profit snapshot=$75.05)-Item # 1 Bought 100 IGI at $20.11 (10/2014 Post)

Total Realized Gains (excluding dividends)=$4,073.7

Disclaimer: I am not a financial advisor but simply an individual investor who has been managing my own money since I was a teenager. In this post, I am acting solely as a financial journalist focusing on my own investments. The information contained in this post is not intended to be a complete description or summary of all available data relevant to making an investment decision. Instead, I am merely expressing some of the reasons underlying the purchase or sell of securities. Nothing in this post is intended to constitute investment or legal advice or a recommendation to buy or to sell. All investors need to perform their own due diligence before making any financial decision which requires at a minimum reading original source material available at the SEC and elsewhere. Each investor needs to assess a potential investment taking into account their personal risk tolerances, goals and situational risks. I can only make that kind of assessment for myself and family members.