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Came across $BST today. 9% yield with a 1% expense ratio trading at a slight premium. Provides access to some big names while consistently paying a monthly dividend the last 8 years. Largest positions are:
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Joey Hirendernath's avatar
Joey Hirendernath
@joeyhirendernathMay 18
Does $BST’s investment strategy involves active management?
AverageInvestor's avatar
AverageInvestor
@averageinvestorMay 18Author
@joeyhirendernath yes. It would be actively managed.
AverageInvestor's avatar
AverageInvestor
@averageinvestorMay 18Author
@joeyhirendernath yes it is.
Ben's avatar
Ben
@rpinvestmentsMay 18
Similar to $JEPI. They sell covered calls on the stocks they hold to get such a high yield. This works better in times of stock market downturns bc the options don’t get called.
Joshua Simka's avatar
Joshua Simka
@tomatoMay 18
@rpinvestments That makes sense given that the yield on the biggest positions ($MSFT and $AAPL) are <1%, $NVDA hardly pays a dividend, and so on. I would guess the fees they take are pretty high?
Ben's avatar
Ben
@rpinvestmentsMay 19
@tomato 1%. High compared to $VOO 0.03%. But not egregious for an actively managed ETF
Nathan Worden's avatar
Nathan Worden
@nathanwordenMay 19
Looks like @investor_from_nepal dabbled a little in BST over the last year:
Image upload
Dissecting the Markets's avatar
Dissecting the Markets
@dissectmarketsMay 20
Closed-end funds are criminally underrated. They're the place where income investors go for alpha.
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