No additions have been made to the portfolio since PennantPark (PNNT) was purchased on February 12 and Prospect Capital (PSEC) and Realty Income (O) were added on February 25.
The current portfolio consists of sixteen stocks (including two business development companies) and five closed-end funds that write call options.
The "Price" column indicates the price of the stock or fund at 2:35 PM EDT on Wednesday afternoon, May 1, 2013. The "Port %" column indicates the percentage of the portfolio represented by each security.
The "Price" column indicates the price of the stock or fund at 2:35 PM EDT on Wednesday afternoon, May 1, 2013. The "Port %" column indicates the percentage of the portfolio represented by each security.
The "Buy" column indicates my target price to buy a few more shares (to stay near the target allocation). The "Sell" column is my target price to sell a few shares (to stay near the target allocation).
I adjust these target "buy" and "sell" prices each time a purchase or sale is made.
The target allocation for individual stocks (and BUI) is 3.0% to 4.0% each. The target allocation for the two business development companies and the other four closed-end funds is 4.0% to 5.0% each.
The target allocation for individual stocks (and BUI) is 3.0% to 4.0% each. The target allocation for the two business development companies and the other four closed-end funds is 4.0% to 5.0% each.
| Company (Ticker) | Price | Port % | Buy | Sell |
| Genuine Parts (GPC) | 74.90 | 3.2% | 71.67 | 86.00 |
| Johnson & Johnson (JNJ) | 84.61 | 3.5% | 74.07 | 90.91 |
| National Retail Prop (NNN) | 39.73 | 3.8% | 32.92 | 40.51 |
| Realty Income (O) | 50.75 | 3.9% | 43.40 | 52.93 |
| WP Carey (WPC) | 70.07 | 3.7% | 64.31 | 74.55 |
| PennantPark (PNNT) | 11.28 | 4.7% | 10.77 | 12.73 |
| Southern Co (SO) | 48.22 | 3.7% | 42.29 | 50.75 |
| NuSTAR Energy (NS) | 49.80 | 3.4% | 47.11 | 58.89 |
| Natural Resource Part (NRP) | 23.81 | 3.7% | 21.20 | 26.50 |
| Starwood Property (STWD) | 27.15 | 3.9% | 25.14 | 28.85 |
| Eaton (ETN) | 59.51 | 3.3% | 55.56 | 66.67 |
| LinnCo (LNCO) | 42.57 | 3.7% | 37.89 | 46.96 |
| Prospect Capital (PSEC) | 10.94 | 4.5% | 10.44 | 12.57 |
| LTC Properties (LTC) | 46.23 | 3.5% | 40.80 | 51.00 |
| PPL Corp (PPL) | 33.43 | 3.8% | 30.00 | 36.92 |
| Annaly Capital Mgt (NLY) | 15.82 | 3.8% | 14.29 | 17.14 |
| Blackrock Util & Infra (BUI) | 19.84 | 4.0% | 17.90 | 21.21 |
| Eaton Vance Tax Manag (ETV) | 13.19 | 4.9% | 11.88 | 14.40 |
| AllianzGI NFJ Div Int (NFJ) | 16.82 | 4.9% | 15.88 | 18.38 |
| Nuveen Equity Prem (JLA) | 12.64 | 5.0% | 11.75 | 14.46 |
| ING Global Advantage (IGA) | 13.16 | 5.0% | 12.44 | 14.73 |
| Cash | 16.2% |
The biggest change in the portfolio has been the increase in cash. The cash percentage was only 2.4% at 12/31/12, 5.6% at 02/12/13, and 9.3% at 02/25/13. The cash percentage as of 05/01/13 is 16.2%. As the broader market has risen, the number of purchases has decreased and the number of sales has increased. More stocks have hit "sell" targets and fewer stocks have hit "buy" targets.
The portfolio yield is currently 6.1%.
Let me reiterate that the above targets are mine, and are not intended to be buy or sell recommendations. Everyone's situation is different and everyone's risk tolerance is different. Please do your own due diligence and make your own evaluation.
