Closed-End Fund Advisors (CEFA)

25th Anniversary
Closed-End Fund Advisors ("CEFA") is a fee-based Registered Investment Advisory firm founded in 1989. Known as "The CEF Experts," Closed-End Fund Advisors has its corporate headquarters in Richmond, Virginia and reflects over 55 years of combined investment experience in closed-end funds ("CEFs") and other investment vehicles.

CEFA’s primary business is discretionary asset management. As a global manager of managers, we build portfolios for individual and institutional clients, through either direct work with clients or through financial advisors and planners. To learn more about our firm, download our firm's profile presentation.

Free CEF/BDC Fund Profile

CEFA's global investing utilizes a value approach of reasonable risk-taking, tempered by careful analysis of all the underlying factors before investing in potentially more than 40 markets worldwide.

CEF Advisors' Model Portfolio Offerings

Click to download CEFA's Models Overview

CEFA currently manages ten investment portfolio composites styles:

Investor Presentation

  1. International Opportunities
  2. Globally Diversified Growth
  3. Business Development Company ("BDC")
  4. Hybrid Income
  5. Growth and Income
  6. Foundation/Balanced
  7. Conservative Diversified
  8. Managed Municipal Bond Closed-End Funds
  9. Special Opportunities
  10. Diversified Tax-Sensitive Income

To learn more about these models' investment strategies, visit our investment portfolio models page or contact us to request information about our managed accounts.

CEF Advisors' 26 CEF/BDC Indexes: We recently launched 26 indexes cover the entire closed-end fund (CEF) and business development company (BDC) universe. The indexes cover both bond and equity sector indexes as well as diversified portfolio objective indexes. The indexes are priced daily from our internally collected CEFData.com research system and database launched in 2012. Data will be available on the indexes for additional benchmarking purposes including weighted discount, yield, leverage, duration, beta and other metrics for the underlying constituent funds. The indexes will be rebalanced quarterly. The indexes were developed to help us monitor our client portfolios as well as help our research/data clients and peers better benchmark themselves.

The firm's index project can be monitored via: www.cefdata.com/index. We offer a performance table and a data table webpage summarizing each index. Clicking on each indexes' name opens a detailed page containing the following information: 1. Index Methodology, 2. Market Price and Net Asset Value Performance, 3. Discounts, 4. Data Characteristics, 5. Holdings' Asset Allocation, 6. Constituent Funds, and 7. Daily index market price and net asset value pricing.

Data Tables for CEF Advisors' 26 Indexes:
www.cefdata.com/index

Performance Tables for CEF Advisors' 26 Indexes:
www.cefdata.com/index/performance

Diversified Portfolio Indexes
1. 12 Major Sectors Index 5. Tax-Sensitive Income Index
2. High Income Index 6. Taxable Bond & BDC Index
3. Equity Income Index 7. Discount CEF/BDC Index
4. 60 / 40 Balanced (w/ BDCs) Index 8. Premium CEF/BDC Index
Equity Sector Indexes Bond Sector Indexes
1. International Equity Index 1. Debt-Focused Business Development Companies (BDC) Index
2. US Equity Index 2. BDC Baby Bond/Leverage Index
3. Global Equity Index 3. High Yield Bond Index
4. Covered Call / Option Funds Index 4. Senior Loan Index
5. Global Real Estate, REIT & Real Asset Index 5. Convertible Bond Index
6. Utilities / Infrastructure: Index 6. Investment Grade Bond Index
7. Master Limited Partnership (MLP) Index 7. Multisector Bond Index
8. Preferred Equity: Index 8. National Municipal Bond Index
9. High Yield Municipal Index
10. Term Municipal Fund Index

The Scott Letter: Closed-End Fund Report is one of the few closed-end fund industry newsletters to publish interviews with closed-end fund managers. We also cover the most important issues facing closed-end fund investors.

CEFA's Closed-End Fund Universe provides weekly data on the complete closed-end fund and business development company universe. A sample copy is available for review as well as a 14-day, no-risk free trial.

CEFA's Free BDC Universe Data Page: providing the first central location that we know of, for key BDC data on all US listed public business development companies (BDCs). The data is updated weekly and we will be adding BDC educational resources to help educate investors on the sector and investment structure.

Please contact us for more information:

Direct: 804-288-2482
Toll-free: 800-356-3508 (U.S. and Canada)
E-mail: cefa@cefadvisors.com

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CEFA's 1Q 2017 CEF/BDC
Review/Outlook Research Replay

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The ABCs of BDCs and CEFs Replay

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The ABCs of BDCs
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Visit CEFA’s
BDC Universe


KEY FINANCIAL DATA 2016
Recent News
June 2017
John Cole Scott quoted on Kiplinger. 29 Ways to Earn 1% - 10% on Your Money in 2017, June 2017, by Daren Fonda.
April 2017
CEF Advisors Provides Data for CEFs and BDCs as of 3/31/17 and Quarterly Research Replay and Slides, April 26, 2017.
March 2017
Managed Management: A Conversation With A Closed-End Fund Advisor, Pt. 2, March 7, 2017.
Managed Management: A Conversation With A Closed-End Fund Advisor, Pt. 1, March 6, 2017.
February 2017
Chuck Jaffe, Sr. Columnist for Market Watch, interviews John Cole Scott for the MoneyLife Market Call , February 9, 2017.
CEF Advisors Launches 25 Indexes to Cover the Entire $265 Billion US Listed Closed-End Fund (CEF) and Business Development Company (BDC) Universe, February 9, 2017.
January 2017
11 REIT Plays for Income and Inflation Protection. John Cole Scott quoted in Barron's Article, January 21, 2017.
CEF Advisors Provides Data for CEFs and BDCs as of 12/30/16 and Quarterly Research Replay and Slides, Januray 19, 2017.
December 2016
Investius News: Discounts as "Leverage". One way to look at closed-end fund discounts is to view them as "free leverage," says John Cole Scott of CEF Advisors, December 5, 2016.
A Closed-End Fund Shopping List. John Cole Scott quoted in Barron's Article, December 3, 2016.
October 2016
It's Time to Take a Fresh Look at MLPs. John Cole Scott quoted in Barron's Article, October 22, 2016.
CEF Advisors Provides Data for CEFs and BDCs as of 9/30/16 and Quarterly Research Replay and Slides, October 14, 2016.
Gregg Greenberg Interviewed John Cole Scott on The Street. Four Closed-End Funds to Feel Good About Even if Rates Rise, October 10, 2016.
Chuck Jaffe, Sr. Columnist for Market Watch, interviews John Cole Scott for the MoneyLife Market Call , October 4, 2016.
Investius: Interest Rates, October 3, 2016.
September 2016
Investius: 'Trifecta' Opportunity, September 26, 2016.
Investius: CEF Market Update, September 19, 2016.
August 2016
CEF Advisors Adds Model Tracking Service for Individuals and Advisors for its 17 CEF/BDC Core Portfolio Offerings, August 26, 2016.
July 2016
Seeking Alpha: John Cole Scott Pulls The Cloak Off Closed-End Funds, July 25, 2016.
Gregg Greenberg Interviewed John Cole Scott on The Street. Four Closed-End Funds With Large Upside and Low Volatility, July 18, 2016.
June 2016
Closed-End Funds Paying Up to 11% Yield. John Cole Scott quoted in Yahoo! Finance Article, June 29, 2016.
Chuck Jaffe, Sr. Columnist for Market Watch, interviews John Cole Scott for the MoneyLife Market Call , June 16, 2016.
CEF Advisors to Increase Prices for Expanded Data Offerings, June 7, 2016.
May 2016
AfterMarket Webinar - A Success Story. LederMark's Gerri Leder spoke with special guest and nationally recognized closed-end fund expert John Cole Scott about the successful growth of his firm, 103 percent, since 2010, May 23, 2016.
John Cole Scott quoted on Kiplinger. Income Investing: Closed-End Funds to Earn 5% - 11%, May 2, 2016, by Daren Fonda.
April 2016
Gregg Greenberg Interviewed John Cole Scott on The Street. 4 Closed-End Funds Trading at a Discount, April 22, 2016.
John Cole Scott, CIO at CEF Advisors presented at Capital Link's 15th Annual CEF/BDC/ETF Conference. Advisor Panel - Bringing it all Together in Client Portfolios, April 21, 2016.
March 2016
Charlie Wright Interviews John Cole Scott on Strategic Investor Radio. Business Development Companies (BDCs), March 29, 2016.
Investius Interview: Diversification & Correlation with John Cole Scott, March 28, 2016.
February 2016
John Cole Scott quoted in Fund Action, "Wide Discounts Driving CEF Activism", February 22, 2016, by Mike Schnitzel
The Wall Street Journal: Loan Valuations Draw Scrutiny. John Cole Scott quoted on CLO valuation in BDCs, February 11, 2016. (subscription required)
Closed-End Fund Advisors
In the News