The FOF fund uses a fund-of-funds approach to invest in CEFs. It pays $0.087 / month or an 8.8% market yield. However, the FOF fund suffers from a return-of-principal problem as its distribution rate ...
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 ...