Dividend-News

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Yield Hunting: How We Are Positioned Today

Published Sun, 16 Apr 2017 15:53:25 -0400 on Seeking Alpha

In our first article of 2017 ("Yield Hunting: How We Are Positioned Going Into 2017"), we discussed how we successfully positioned the portfolio last summer for rising interest rates. The strategy implemented in the summer of 2016, amid record low interest rates, was a three-legged stool approach. The stool consisted of positioning our Core Portfolio towards minimal interest rate risk via:
Hedge core fixed income Floating rate securities Limited duration Since the start of July, the portfolio is up 14.4% compared to the S&P 500 being up 12.8%. The more comparable Barclay's US Aggregate Index is down 2.78%. The risk of the portfolio is 8.6% on price and 5.0% on NAV which compares to the S&P at 14.7%. Today, the yield is 7.43%.
Over the trailing year, our portfolio is up 21.4% compared to 14.21% for the S&P 500, again with similar risk attributes. The Sharpe Ratio (risk-adjusted returns) for our portfolio is 2.20 on price and a very high 3.80 on NAV. This compares to the S&P 500 at 0.70.
What We Expect For The Rest of 2017:
Our call that the 10-year rate would fall back to 2.25% was attained on Wednesday. We continue to believe that interest rates will have a hard time rising much more than they already have. Economic growth remains stuck in the 2%-2.25% range. First-quarter GDP is expected to be around 1% which means full-year GDP will have a hard time reaching the coveted 2.5%-3%+ range. Geopolitical uncertainty is increasing given the... Read more

Stock name Last trade   P/E Earnings/Share Dividend/Share Dividend yield
THL CREDIT SENIOR LOAN FUND 14.75   0.0 0.00 0.00 8.23
ASHFORD HOSPITALITY TRUST 3.22   0.0 -1.82 0.24 7.34
TCW STRATEGIC INCOME FUND 5.78   0.0 0.00 0.37 6.29
RENT-A-CENTER 25.50   12.1 2.10 1.00 0.00

THL CREDIT SENIOR LOAN FUND - TSLF
THL CREDIT SENIOR LOAN FUND - TSLF  


Older articles featuring Thl Credit Senior Loan Fund (TSLF):
Income Lab Ideas: Dividend Changes Review And Discussion Through The Pandemic
A Quick Look At Some High-Yielding CEFs With >100% Distribution Coverage
High Yield For Granny (Part 2): Savvy 'Widows & Orphans' Portfolio Re-Visited
THL Credit Senior Loan Fund Declares Monthly Distribution of $0.096 Per Share
THL Credit Senior Loan Fund Declares Monthly Distribution of $0.096 Per Share
THL Credit Senior Loan Fund Declares Monthly Distribution of $0.096 Per Share
High Yield For Granny: The Savvy 'Widow & Orphans' Income Factory
THL Credit Senior Loan Fund Declares Monthly Distribution of $0.096 Per Share and Announces Investor Call
THL Credit Senior Loan Fund Declares Monthly Distribution of $0.096 Per Share
THL Credit Senior Loan Fund Declares Monthly Distribution of $0.096 Per Share

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