CII: The Best Of BlackRock's Option-Income CEFs But Not Good Enough
Summary
- In researching high-income opportunities for a Sustainable Income Portfolio, I looked into BlackRock's Option-Income Equity CEFs as a follow-up to an analysis of Eaton Vance's offerings.
- Of four funds, only two, BDJ and CII, merited close analysis. Two global funds were eliminated from consideration.
- CII is a clear winner on all performance criteria, but its low yield makes it a difficult fit for the Sustainable Income Portfolio's objectives.
Analyst’s Disclosure:I/we have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.
This article does not constitute investment or tax-planning advice. I am passing along the results of my research on the subject. Any investor who finds these results intriguing will certainly want to do all due diligence to determine if any fund mentioned here is suitable for his or her portfolio. And, any investor who has concerns about the tax status of an investment will want to consult with a tax professional on that topic.
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