FOF: An Interesting Fund Of Funds Approach


  • FOF takes an approach of investing in other funds, primarily closed-end funds but also exchange-traded funds, too.
  • This makes it a one-stop shop for instant and broad diversification across a diverse pool of different asset classes, sectors and industries.
  • Unfortunately, at this time, it appears that the fund is continuing to carry an elevated valuation, trading at a slight premium to its NAV.
  • This idea was discussed in more depth with members of my private investing community, CEF/ETF Income Laboratory. Learn More »

Financial Stock Market Abstract Graph


Written by Nick Ackerman, co-produced by Stanford Chemist. A version of this article was originally published to members of the CEF/ETF Income Laboratory on January 16th, 2023.

Cohen & Steers Closed-End Opportunity Fund (NYSE:FOF) can be an

FOF Returns Since Previous Update

FOF Returns Since Previous Update (Seeking Alpha)

FOF Annualized Returns

FOF Annualized Returns (Cohen & Steers)



Data by YCharts

CEF Discounts/Premiums Relative To History

CEF Discounts/Premiums Relative To History (RiverNorth)

FOF Distribution History

FOF Distribution History (Cohen & Steers)

FOF Semi-Annual Report

FOF Semi-Annual Report (Cohen & Steers)

FOF Tax Classification 2021

FOF Tax Classification 2021 (Cohen & Steers (highlights from author))

FOF Sector Allocation

FOF Sector Allocation (Cohen & Steers)

FOF Top Ten Holdings

FOF Top Ten Holdings (Cohen & Steers)


PIMCO UNII Report (PIMCO (highlight from author))





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This article was written by

Nick Ackerman profile picture
CEF/ETF income and arbitrage strategies, 8%+ portfolio yields
Nick Ackerman is an avid student of the markets and has been investing in his own accounts for over 14 years. He is a former Financial Advisor and has previously qualified for holding Series 7 and Series 66 licenses. These licenses also specifically qualified him for the role of Registered Investment Adviser (RIA), i.e., he was registered as a fiduciary and could manage assets for a fee and give advice. Since then he has continued with his passion for investing through writing for Seeking Alpha, providing his knowledge, opinions, and insights of the investing world. His specific focus is on closed-end funds as an attractive way to achieve income as well as general financial planning strategies towards achieving one’s long term financial goals.


I provide my work regularly to CEF/ETF Income Laboratory with articles that have an exclusivity period, this is noted in such articles. CEF/ETF Income Laboratory is a Marketplace Service provided by Stanford Chemist, right here on Seeking Alpha.

Disclosure: I/we have a beneficial long position in the shares of ADX, GDV, PDI, PDO either through stock ownership, options, or other derivatives. 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.

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