Re: CHECKING OUT SMHD...!
For one thing, the fund is selling at a 20.4% premium to NAV (10.73) so it has a potential to drop even farther. The constituents are among the weaker small cap stocks around with little impetus to go higher (and bigger cahnce to drop in any market weakness.) The top holding, Signet Jewelers, has dropped nearly 50% so far this year. Other top holdings are Tanger Factory Outlets; Gamestop (which recently eliminated it's very generous dividend; not sure why they still own in other than they do not want to take a 75% capital loss); Senior Housing Properties (also slashed dividend and down 50% this year), etc. etc.
The TTM yield is 18.75% (not 21.4), and none of the above dividend cuts have been accounted for yet in SMHD dividend stream. The returns for SMHD are -16% YTD, -29.5% YOY (including dividends.)
All the above info taken from the SMHD website.