Bottom line: CLM is a closed-end equity fund that seeks long-term capital appreciation through a diversified portfolio of U.S. and non-U.S. stocks while maintaining a high managed monthly distribution policy. It has a long history of paying substantial distributions, which has made it popular with income-oriented investors.
It is not a pure index fund or a guaranteed-income product. As a closed-end fund it can trade at a significant premium or discount to NAV, distributions often include return of capital, and the managed distribution policy can lead to NAV erosion over time if total returns do not keep pace with payouts. Leverage and equity-market risk are present.
Position size should reflect the risks of a high-distribution closed-end fund (premium/discount volatility, potential return of capital, and equity market exposure) rather than the headline yield alone. Always review the latest distribution sources, premium/discount levels, and portfolio composition. This is not investment advice.
Monthly Distributions for CLM
| Month | Distributions | No. of shares | Net Distribution / share |
|---|---|---|---|
| August 2026 | $61.12 | 503 | $0.1215 |
| July 2026 | $54.44 | 448 | $0.1215 |
| June 2026 | $17.74 | 146 | $0.1215 |
| May 2026 | $14.34 | 118 | $0.1215 |
| April 2026 | $8.27 | 68 | $0.1216 |
| Grand Total: | $155.91 | 1,283 | $0.1215 |
ETF Investment Summary
| Investment | Shares | Distributions | Purchase price / share | Real price / share | Market price / share |
|---|---|---|---|---|---|
| $4,022.30 | 557 | $155.91 | $7.50 | $7.22 | $6.30 |
Notes:
• Investment = Current Adjusted Cost Basis (after accounting for sells and distributions)
• Purchase price / share = Historical average price of all shares ever bought
• Real price / share = Current adjusted cost basis per remaining share (after distributions reduce basis)
• Market price / share = Latest market price of the ETF
Personal Chart – Real Price vs Real Price + Cumulative Distributions
Blue line = Real Price per share (cost basis after buys, sells & distributions)
Red line = Real Price + Cumulative Net Distributions received so far
Purple line = Cumulative Realised Capital Gains from sales
Green bars = Number of shares held at month-end
When the green bars drop to zero, the blue/red lines also go to zero (full exit of the position).