RE:Price volatilityLook at the NAV:
FTN >25% premium on NAV with higher yield and more risk of a sharp downturn if market turns sour
LBS <5% premium on NAV with lower yield and somewhat less risk
The same goes for DF, FFN and DGS.
Quadravest Closed End Funds tend to have a higher premium in general than those from Brompton Group. This is something I don't understand but it suits me well.
Disclosure: DF, DGS and LBS.
No FTN nor FFN now but waiting for a market drop to maybe, maybe go in.
DF would be the first one to shed for me if need be. LBS and DGS are the keepers. If markets turn down, an analisys would have to be made between buying more DGS and LBS or to go for a higher return on volatile DF, FFN or FTN. It all comes back on the 15$ NAV and one owns interpretation of the market's future. I have a model for each of these five CEF. I follow them on a weekly basis and more often on market drops. I readjust my models everytime a NAV is published to hone the models.