Wall Street's recent track record with "Innovative" products has been dismal. Things like derivatives were "innovative." I've usually run from the latest overly complex Wall Street products.
AOD has a small amount of leverage (about 5%), a ton of portfolio turnover and has a tax kicker. Hope you can explain how it works come time to have your taxes prepared. My guess is you don't want to mess with this complex fund unless 1) you buy six-figures worth; and 2) you are in a high tax bracket.
While there may be a tax advantage (for some) with the dividends, the high portfolio turnover will throw off a lot of cap gains tax liability in bull markets. Some high-income investors would do better with an ultra low turnover Index fund.
There is also risk of complex "products" triggering IRS audits.
Any CPAs here?
Recent AOD News
- Form N-CSRS - Certified Shareholder Report, Semi-Annual • Edgar (US Regulatory) • 07/08/2024 08:52:11 PM
- Form 3 - Initial statement of beneficial ownership of securities • Edgar (US Regulatory) • 06/18/2024 07:22:11 PM
- Form N-CEN - Annual Report for Registered Investment Companies • Edgar (US Regulatory) • 01/16/2024 01:56:09 PM
- Form SC 13G/A - Statement of acquisition of beneficial ownership by individuals: [Amend] • Edgar (US Regulatory) • 01/12/2024 01:48:42 PM
- Form N-CSR - Certified Shareholder Report • Edgar (US Regulatory) • 01/08/2024 08:12:19 PM
- Form NPORT-P - Monthly Portfolio Investments Report on Form N-PORT (Public) • Edgar (US Regulatory) • 12/28/2023 03:23:03 PM
- Form 424B3 - Prospectus [Rule 424(b)(3)] • Edgar (US Regulatory) • 12/18/2023 07:50:58 PM
- Form N-14 8C/A - Registration statement for closed-end investment company (business combinations): [Amend] • Edgar (US Regulatory) • 12/12/2023 07:55:57 PM
- Form 3 - Initial statement of beneficial ownership of securities • Edgar (US Regulatory) • 11/13/2023 07:10:58 PM
- Form N-14 8C - Registration statement for closed-end investment company (business combinations) • Edgar (US Regulatory) • 10/24/2023 09:15:36 PM
- Form 425 - Prospectuses and communications, business combinations • Edgar (US Regulatory) • 10/24/2023 04:14:34 PM
- Form 425 - Prospectuses and communications, business combinations • Edgar (US Regulatory) • 10/24/2023 10:17:47 AM
- Form NPORT-P - Monthly Portfolio Investments Report on Form N-PORT (Public) • Edgar (US Regulatory) • 09/26/2023 04:46:05 PM
- Form N-PX - Annual Report of proxy voting record of management investment companies • Edgar (US Regulatory) • 08/29/2023 02:08:16 PM
- Form 40-17G - Fidelity Bond [Rule 17G-1(g)] • Edgar (US Regulatory) • 08/25/2023 04:36:32 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 07/13/2023 03:30:00 PM
- Form N-CSRS - Certified Shareholder Report, Semi-Annual • Edgar (US Regulatory) • 07/10/2023 06:07:16 PM
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