Hawking Portfolio Review: 4 November, 2022

Douglas Bay, New Zealand

The Hawking is an “Income” portfolio based on the income generated from Closed-End-Funds (CEFs). Current holdings look like this:

with projected “income” from dividends/distributions of ~12%. Target income is 8% but, due to recent market weakness, prices have declined and yields are higher (provided that distributions can be retained).

Portfolio performance looks like this:

and is clearly outpacing the performance of the benchmark AOR Fund.

As we can see from the first screenshot, above, we have ~$1,200 from dividends to re-invest (at low prices) so as to boost geometric growth. With over $9,000 in dividends generated over the first 10 months of this year we are clearly ahead of our 8% target level.

I will be looking to re-invest this available Cash in the next few days and will update this post to reflect any changes.

David