Cornerstone Strategic Value Fund (CLM)

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Cornerstone changed management and investing styles about a decade ago. As an SA article wrote about these funds in 2018, "It's not a scam, but it is easy to confuse it for one."

I suppose you might do well in Cornerstone funds if you subscribe to the RO's and are able to buy shares trading at a premium when they're briefly offered at the discounted RO price. Few investors knew about that trick. but the masses are catching on thanks to whistle-blowers like this: https://cefadvisors.com/Download/CornerstoneLtrtoSEC-2012-10.pdf

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Some of the articles I see on Seeking Alpha trumpeting Cornerstone funds read like ads. Impossible for me to know for sure, but SA kicked out a bunch of compensated authors a few years ago. Many SA write-ups about complex high yield funds, often targeting retirees, strike me as coming from shills. You've seen for yourself the costly downside of CLM; but SA pieces gloss over the many risks.

As I've often said before, I always opt for the simplest, cheapest, easiest-to-understand investment. And that's never a Cornerstone fund.