JDD’s discount was 15% when I first brought it to your

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iPhone Cases Earlier I compared JDD to a portfolio of ETFs representing the four asset classes: PowerShares Senior Loan ETF (BKLN), iShares JPMorgan USD Emerging Markets Bond (EMB), Global X SuperDiv (SDIV), Vanguard REIT ETF (VNQ) as a more representative benchmark portfolio. Portfolio visualizer’s backtest tool shows a CAGR of 21.9% for JDD vs. 9.55% for the equal weighted ETF portfolio from November 2015 through August 2017 (SPY = 16.48%).NAV and Discount A second point, and one that is an essential consideration in light of the performance numbers cited, is that JDD’s NAV has grown only 0.62% since October 2015.The message from that last chart should be obvious: Those market gains for JDD have come nearly entirely from discount reduction.JDD’s discount was 15% when I first brought it to your attention. iPhone Cases

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