You only have limited funds, so you cannot buy a diversified portfolio.
If you bought CMPI, when markets gyrate you could lose some of your capital but the share and the yield appears to be ‘Safe’.
The portfolio is an income portfolio but tilted more to a growth strategy rather than a high yield portfolio.
If after you buy the price falls and the yield rises you could re-invest the dividends back into CMPI, if not re-invest into a higher yielder where in time you will achieve a balanced yield of plus 7%.
Let’s be honest: Things are going to get volatile.
Our plan? Go on offense and defense at the same time.
Of course, income is at the center of our strategy. We’re tapping market choppiness with an 8.8%-paying fund that loves volatility and sports a payout that gets stronger the longer the chaos lasts.
In fact, this fund—the Nuveen S&P 500 Dynamic Overwrite Fund (SPXX)—is already hiking payouts, to the tune of 25% with the July payment.
SPXX, which we’ll get back to in a second, is our defensive play here, though with the discount it’s sporting (more on that in a sec), I see upside to go along with that high payout.
But our real offensive play begins if, as history suggests, the market throws a fit in the coming weeks. That’ll put some of our favorite dividends on sale, including a pipeline that’s gushing cash (sorry, couldn’t resist!), thanks to AI’s bottomless power demand.
Before we get to that, let’s rewind for a second.
September the Cruelest Month? Not for Contrarians!
Back to September. For whatever reason, stock markets tend to wobble during the month, with a negative 1.1% return on average since 1890, according to numbers from Morningstar.
But of course, there are exceptions: The last two Septembers, for example, were strong, up 3.6% last year and 2.1% in 2024.
This is why we never sell solely on seasonal indicators like this: We don’t want to be caught out in an outlier year! And, of course, we do not want to cut off our dividends.
Which brings me back to SPXX.
Step 1: Grab 8.8% Dividends From This “Volatility-Loving” SPY Clone
You don’t have to spend much time looking at SPXX to see that it holds mostly the same stocks as the popular S&P 500 index fund, the State Street SPDR S&P 500 ETF Trust (SPY).
That’s by design: Nuveen has set up SPXX—a closed-end fund (CEF), to be specific—so investors can buy in essentially without having to sell the blue chips they already own.
That matters because of three other things that set SPXX apart.
The first is that the fund sells call options; these give the buyer the right to buy SPXX’s stocks at a fixed future price and date. No matter what happens with these trades, the fund keeps the fee it books for setting them up.
This strategy does best in volatile markets, but there is a drawback: It can cap returns when stocks rise (which is why I don’t recommend holding SPXX for the long term). But that’s something we’re willing to trade off right now.
SPXX’s option fees help fuel that 8.8% payout—the second key difference from SPY, which pays a sad 1%.
And here’s the third thing: Unlike ETFs, CEFs can (and often do) trade at different prices in relation to their portfolio value. When the price is below that value, it’s called a discount to net asset value (NAV).
SPXX Sells Cheap, Gets Set for the Next Market Storm
Look at this chart for a moment: You can see that the fund’s discount has narrowed, and even flipped to a premium, every time volatility has flared in recent years, as it did in the 2018 rate panic, the late-2021 pullback, the 2022 dumpster fire and the “tariff tantrum” early last year.
Now, we can see that the discount—a deep 8.8% as I write this—has stopped widening and is starting to narrow again as September dawns. Perfect!
Step 2: Put This Pipeline at the Top of Your Buy List
Which brings me to the second part of our strategy: Get set to buy our favorite dividends on the dip. At the top of our list? Pipelines.
Kinder Morgan (KMI) is one of the largest energy infrastructure companies in North America, with over 80,000 miles of pipelines and 140 terminals.
The company moves 40% of the natural gas produced in the US, and it gets paid no matter the price. That puts it in the “sweet spot” for fueling (literally!) data centers’ bottomless power demand.
It’s showing up in KMI’s financials: In the second quarter, net income hit $867 million, an all-time high for Q2. Adjusted EPS soared 32%. No wonder the company is doubling down on its business: It currently sports a $9.6-billion project backlog, with nearly all of that going to natural-gas infrastructure.
Management, for its part, is hurriedly shoveling these “tolls” over to investors as dividends. That move is likely made easier by the fact that the C-suite owns 13% of the company (with Executive Chairman Richard Kinder owning the bulk of that)—and human nature being what it is.
We’re okay with that, and are more than happy to see management’s interests aligned with ours.
As I write this, the stock yields 3.7%, which is a good start. Then there’s the dividend-growth story, which has gotten a lot happier in recent years.
Kinder, you might recall, was in the “dividend doghouse” for years following a 75% payout cut in 2015. Investors were slow to forgive, but management kept trying, quietly rebuilding the payout. It’s now up 138% from right after the cut.
KMI’s Dividend Reignites
As I write this, the stock trades at 20-times earnings, around its five-year average. That’s a good multiple for a firm with lots of strengths, including that hefty backlog.
The dividend? It’s well covered at 72% of free cash flow. That is above the 50% level I look for in stocks, but a pipeline like KMI is different, as its “tolls” roll in predictably, letting management pass more of them to us.
The bottom line? KMI is attractive now, and a “September dip” would make it more so. That leaves us with a nice setup: Buy some KMI now, and some on the next dip—and “pair” it with our volatility-fueled 8.8% SPXX dividend as you do.
From:CT Global Managed Portfolio Trust PLC (the ‘Company’)
Information disclosed in accordance with Disclosure Guidance and Transparency Rule 4.1.3
Statement of Audited Results for the year ended 31 May 2026
Growth Shares – 2026 Highlights
– Share price total return(1) per Growth share of +25.6% for the financial year (2025: +1.6%).
– Share price total return per Growth share of +117.4% in the 10 years to 31 May 2026, the equivalent of 8.1% compound per year(1).
Income Shares – 2026 Highlights
– Annual dividend of 7.85p per Income share (2025: 7.60p), an increase of 3.3%.
– Over the last three financial years the total annual dividend has increased by 9.0%, as compared to CPI of 8.4%.
– Dividend yield(1) of 6.0% at 31 May 2026 (2025: 6.6%), based on total dividends for the financial year of 7.85p (2025: 7.60p) per Income share. Dividends are paid quarterly.
– Share price total return(1) per Income share of +21.2% for the financial year (2025: +3.8%).
Chairman’s Statement
“We have listened carefully to what matters most to shareholders and, as a result, have undertaken a number of initiatives. Whether through clearer performance reporting, protecting income against inflation, providing a more convenient dividend payment schedule or making fuller use of existing features of the Company’s investment policy, each initiative is designed to improve the experience and outcomes for our shareholders.”
Dear Shareholder
Thank you for your ongoing investment in CT Global Managed Portfolio. Together with our Manager, Columbia Threadneedle Investment Business Limited, we continually focus on outcomes for shareholders and seek to make improvements when appropriate.
As part of this commitment, we have undertaken a number of important initiatives:
• To make performance easier for shareholders to understand, we are replacing our single benchmark with three complementary comparators providing a more relevant view of investment performance.
• To help protect Income shareholders’ purchasing power, we will aim to increase dividends by at least the rate of inflation as measured by the UK Consumer Price Index (‘CPI‘) over rolling three-year periods (based on financial years).
• To better align with Income shareholders’ day-to-day finances, we intend to pay dividends monthly rather than quarterly, starting from the next financial year.
• To enhance shareholders’ total return potential, the Investment Managers intend to make fuller use of the existing features of the Company’s investment policy, including using the borrowing facility in both Portfolios.
We believe these developments will benefit shareholders and support CT Global Managed Portfolio’s long-term success. You can find more information on each of these initiatives, along with other updates, within this Chairman’s Statement.
Once your share has earned some dividends and you re-invest those dividends back into your snowball, even if you have to sell at a loss, you will in time earn back those losses from the re-invested dividends. If you re-invest your dividends back into the share in your snowball, any loss will sit in your account forever.
Takeaway: AGNC and NLY are the two large‑cap agency mortgage REITs with similar risk profiles (pure agency MBS, high leverage, rate‑sensitive), while MFA is a smaller, credit‑focused hybrid REIT with materially lower leverage, deeper discounts to book, and the highest headline yield. AGNC/NLY = stability; MFA = value + credit risk.
Below is a clean, structured, side‑by‑side comparison using the latest 2026 data from the search results. (All figures sourced from the pages above: AGNC , NLY, MFA .)
Pure agency MBS → no credit risk, but extreme rate sensitivity.
ROE ~20% is strong for an agency REIT.
Dividend yield ~13% with payout ratio ~76% → reasonably covered.
Trades near book (1.19× PB), signalling investor confidence.
Best fit: income + relative stability within the mortgage REIT universe.
2. NLY — The benchmark agency REIT
Largest, most diversified funding base.
ROE ~19.6% and ROA highest of the three.
Dividend yield ~13% with similar payout ratio to AGNC.
PB 1.15× → slightly cheaper than AGNC.
Best fit: income + scale + liquidity.
3. MFA — Deep‑value credit REIT with highest yield
PB = 0.50× → trades at a huge discount to book.
Yield = 16.36%, but payout ratio = 143% → not fully covered.
Credit‑heavy portfolio (non‑QM, whole loans, MSRs) → more credit risk, less rate sensitivity.
ROE only 8.2% → materially lower profitability.
Best fit: maximum yield + value, but with higher risk.
🧩 Which fits your strategy?
If your priority ismaximum income
→ MFA
Highest yield (16%+)
Deep discount to book
But dividend coverage is weak and credit risk is meaningful.
If your priority isincome with stability
→ NLY
Largest balance sheet
Slightly lower volatility than AGNC
Strong ROE and well‑covered dividend.
If your priority ishigh yield + strong dividend coverage
→ AGNC
Yield ~13%
Payout ratio ~76% (best coverage of the three)
Very clean agency book.
🔍 Non‑obvious insight
MFA’s huge discount (0.50× book) is not simply market pessimism — it reflects the fact that credit REIT book values are harder to mark and more volatile. AGNC/NLY trade near book because agency MBS valuations are transparent and liquid. So MFA’s discount is structural, not just an opportunity.
AI generated so as always DYOR before investing your hard earned.
The SNOWBALL is going to build a position in AGNC. If/when interest rates rise the price may fall and the yield rises, which would be a positive for the SNOWBALL.
abrdn European Logistics Income PLC ex-dividend date Foresight Environmental Infrastructure Ltd ex-dividend date Globalworth Real Estate Investments Ltd ex-dividend date Hammerson PLC ex-dividend date MIGO Opportunities Trust PLC ex-dividend date Utilico Emerging Markets Trust PLC ex-dividend date
Everyone bone in your body would be telling you not to trade but having done your research you have been waiting for Mr. Market to give you a life changing opportunity.
Not only have you achieved the holy grail of investing, the chart includes income but not re-invested back into the Trust but into your snowball, where you would be earning more dividends to buy more shares that pay dividends.
The next time you read timing doesn’t matter but only timein, you can have a quiet smile to yourself.
