SGL Added to SMA Portfolio

By on January 2, 2014

As mentioned in a previous post regarding the opportunity in closed-end funds [link], a position was initiated in the Strategic Global Income Fund (SGL). The purchase price was $8.98. SGL currently represents 12.4% of the SMA Portfolio.

SGL currently trades at a discount of 13.5% to its Net Asset Value (NAV) and has an annual expense ratio of 1.17%.

SGL Closed End Fund

Disclaimer: It is challenging to outperform a buy and hold strategy. Many investors have found themselves well served over long time horizons by investing regularly in a diversified portfolio of stocks or low cost, broadly diversified indexed stock funds. Information presented is based on analysis of past data and assessments by the Tactical Timing System model. Future performance may not reflect past performance. Profitable trades are not guaranteed. No system or methodology ensures stock market profits. Although accuracy is strived for, no guarantee is made regarding the accuracy of data presented.

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