Jan. 28 at 5:38 PM
https://seekingalpha.com/article/4863432-adx-can-this-8-percent-yielder-continue-to-beat-the-market
$ADX continues to stand out among income funds. In 2025, it delivered a 26% total return vs. ~18% for
$SPY, with similar volatility and a better Sharpe ratio. The fund pays a 2% quarterly distribution based on NAV, translating into an ~8.5% yield at today’s discount.
What makes
$ADX unique is tax efficiency — over 90% of 2025 distributions qualified for long-term capital gains or QDI rates. No leverage, low turnover, and a portfolio closely aligned with large-cap U.S. equities.
For taxable income investors, this is worth a serious look.
#CEF #Income #TaxEfficient