NexPointe Strategic Opportunities Fund has $760 million in assets Their allocation to UDFI is about $3 million Their return since inception (2006) is 3.7% annualized, vs 9% for the S&P. Their return over the last ten years is 7%, about half of the performance of the S&P.
Looks like this fund may not be very good at either stock selection or capital allocation based on those results.
I'm happy to see anyone interested in buying UDF and appreciate hearing differing thoughts on it. But I would be more encouraged if it was a fund that had a good track record and it was a meaningful position for them relative to the size of the fund.
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