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d1e85026bf
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CEF pass: universe (SEC report, 973 -> 295 listed) + stage 1 screen + stage 2a character
fundlab/cef_universe.py: SEC 'Closed-End Fund Information' report
(973 active CEFs) + company_tickers CIK join -> 295 listed common
classes (preferreds and 6(c)-converted companies flagged). Supersedes
the N-2 full-index approach (N-2/A annual updates + 404ing index
paths). Prices via goget.
fundlab/cef_screen.py: 290 screened - t5/t12, vol5, maxdd5, the 5
crash episodes, 12m payout proxy. Energy/midstream CEFs (EMO +305%,
SRV +234%, NML +232%) top return AND crash resilience; Voya
Dividend-Premium series (IGD maxDD -16%); EM CEFs volatile + 14-24%
dist; long-dur munis -26..-42%.
fundlab/cef_character.py: 50-fund shortlist, 35-sleeve character +
crude tax_arb = character x (upside + 0.4 x vol).
Tests: 6 new cef checks (105 total). RESEARCH.md: CEF form facts
(N-2ASR, N-PX, N-23C-3A, BDC caveats) + remaining stage 2b work.
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2026-08-27 22:24:12 -04:00 |
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