Hard to beat AWF

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Hard to beat AWF

oldowl 05-02-2008, 10:18 AM | Post #2513931 | 3 Replies

Hi All-

Several forum members have mentioned AWF in the past. Jagor and I appear to be on the same page. He said:

At the moment I don't have any pure-REIT funds in my closed-end portfolio since I've been stocking up on non-dollar denominated emerging-market bond CEF's for income and as a hedge against the depreciating dollar.

I think it is obvious that all of us spread money over differnent asset classes. Sounds like REITs deserve serious consideration. And, to mention another asset class, I have invested - like Dick - in some short term bonds funds...EVV and BLW.

It is also obvious we use different yardsticks in making choices.

In looking for a combination of total return and current yield in an IRA, I think it is hard to beat AWF.

It did well in the last bear market. It is up since the market dropped starting in October 07. It has over $1 million in assets. The total return over five years is 13%. The SD and Beta are low. The yield is 8% give or take. It is selling at a slight discount. It is not highly leveraged. What more can you ask for?

Have a good day.

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Re: Hard to beat AWF

Arb-Alot 05-02-2008, 7:53 PM | Post #2514116

Ed,

AWF provides about an 8% taxable distribution. The credit support, as represented by ETF Connect, is substantially BBB or less. At the moment it seems that higher yields are available for higher credit-worthy US corporates. That being said, PIMCO is a very trustworthy sponsor. It certainly is worth considering.

David

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Re: Hard to beat AWF

chamois 05-03-2008, 7:59 AM | Post #2514229

AWF, an Alliance Bernstein Fund, is helpful in portfolio diversification, giving an exposure to foreign currencies and interest rates. You might want to check EVV's distribution rate, which I believe was reduced to 12¢ per month last week. It's probably still a good holding given its exposure to three types of limited duration debt.

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Re: Hard to beat AWF

zwilnik 05-16-2008, 9:46 PM | Post #2518740

I'll beat the drum for AWF. It's certainly not spectacular, but it has been steady. With all the volatility of the market all year, calm & peaceful is not too bad!

Zwilnik