Increased: KMF, PSEC
Decreased: ARCC, UTF, GME
Added: CAT
Removed: KO
Commentary
In this move, we made three primary moves, swapping one full position and two partial positions. The full swap was selling KO and buying CAT, which increased future dividends by 6% for 1.5% of the portfolio. We moved 1% from ARCC to PSEC, which gave us a 27% raise. We also swapped .5% from UTF to KMF, which gave us a 6% raise. In aggregate, these three moves gave us an average raise of around 13% for 3% of the portfolio, which equates to a .4% raise for the entire portfolio. We also made a few minor syncs, which had very little net impact on cash flow, but I believe give us greater total return potential.
CAM A859