AICA – Excellence Beyond Indexing

Monthly Archives: April 2023

Ep. 202— The NAVigator at Morningstar: Mario Gabelli on his long closed-end fund career

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Ep. 202— The NAVigator at Morningstar: Mario Gabelli on his long closed-end fund career

Ep. 201— VettaFi’s Islam: ETFs give closed-end investors easy, ready-made portfolios

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Ep. 201— VettaFi’s Islam: ETFs give closed-end investors easy, ready-made portfolios

First Quarter 2023 Closed-End Fund and BDC Universe Update, IPO Review & Outlook

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First Quarter 2023 Closed-End Fund and BDC Universe Update, IPO Review & Outlook

Ep. 200— Abrdn’s Mondillo on the muni market’s year of wild swings

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Ep. 200— Abrdn’s Mondillo on the muni market’s year of wild swings

Ep. 199— John Cole Scott on private equity’s increasing role in closed-end investing

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Ep. 199— John Cole Scott on private equity’s increasing role in closed-end investing

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The information contained herein should not be construed as investment advice, a recommendation to buy or sell any security, or an offer to provide advisory services.

References to specific securities, sectors, investment strategies, or market conditions are for illustrative purposes only and do not constitute investment recommendations. Any discussion of investment strategies may not be suitable for all investors, and there can be no assurance that any strategy will achieve its intended objectives.

Listed closed-end funds (CEFs) and business development companies (BDCs) trade on exchanges at prices that may be above or below their NAVs. There is no guarantee that an investor can sell shares at a price greater than or equal to the purchase price, or that a CEF’s or BDC’s discount will narrow or be eliminated. Non-listed closed-end funds and business development companies do not offer investors daily liquidity, but rather on a quarterly or semi-annual basis, often on a small percentage of shares. CEFs often use leverage, which can increase a fund’s risk or volatility. The actual amount of distributions may vary with fund performance and other conditions.

Past performance is not indicative of future results. All investments involve risk, including the possible loss of principal. Forward-looking statements, expectations, and projections are inherently uncertain, and actual results may differ materially from those discussed.

This content does not take into account the specific investment objectives, financial situation, or particular needs of any individual investor. Prospective investors should consult their financial, legal, and tax advisers before making any investment decision.