Previously in Transcendental Generalization:

The expert noted that several funds exhibit a pattern of trading at a significant discount in December, and at a premium in January.

I thought it would be worth following up on those same funds. All of them are up from December 30th, 2005 to January 30th, 2006. I’ve noted absolute and annualized gains. (I prefer annualized numbers for proper comparison of long-term investments, but for short-term investments like these, annualized numbers exaggerate performance.)

• Pioneer Tax Advantage Balanced Trust, ticker symbol PBF, is up 3% from 12.30 to 12.67 (42% annualized. I bought shares of this one.)
• Salomon Brothers Capital & Income, ticker symbol SCD, is up 3.3% from 17.16 to 17.72 (46% annualized)
• Nuveen Preferred and Convertible Income Fund 2, ticker symbol JQC, is up 4.2% from to 12.03 to 12.54 (63% annualized. I purchased shares of this one.)
• Eaton Vance Short Duration Diversified Income Fund, ticker symbol EVG, is up 1.5% from 16.51 to 16.75 (19% annualized)
• Salomon Brothers High Income Fund II, ticker symbol HIX, is up 2.4% from 9.98 to 10.22 (32% annualized)
• Insured Municipal Income Fund, ticker symbol PIF, is up 1.8% from 12.64 to 12.87 (24% annualized)
• John Hancock Tax Advantage Dividend Income, ticker symbol HTD, is up 4.2% 16.76 to 17.46 (62% annualized)

Clearly these are worth revisiting at the end of this year!