Sometime, when you’re totally bored, go to ETF Connect and poke around in the Closed-end Bond Funds. In particular, look at a category they call “Government” and pull the ticker-list. Then click on the “Distributions” tab and look at “Estimated Components of Distributions”. (An example is linked below.)What you’ll discover is that you’re accepting market-risk and interest-rate-risk to buy the fund, and then --in several cases-- paying a hefty management-fee to receive the return of your own money! TICKER, % OF DISTRIBUTION THAT IS RETURN OF CAPITALACG, 0%EXD, 77%FTT, 85%IMF, 2%WIA, 57%WIW, 29% http://www.cefconnect.com/Details/Summary.aspx?ticker=FTT
ACG, 0%EXD, 77%FTT, 85%IMF, 2%WIA, 57%WIW, 29%
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