Closed End Funds are traded like stocks and exchange traded funds. They may invest in stocks, bonds, convertibles, preferreds, investment funds, etc. Investor can buy these closed end funds through secondary market such as NASDAQ, New York Stock Exchange (NYSE), and AMEX. Investor can buy these CEFs from regular brokerages such as Charles Schwab, Zecco Trading, Lightspeed Trading, Interactive Brokerage, Fidelity, E*Trade, etc.
The following top performers list has been sorted based on its year-to-date return up until May 6th, 2012. You will find fund review information, news, and more.
The YTD Top Performer Closed End Funds of May 2012 are:
- Thai Capital Fund Inc (TF)
- Thai Fund Inc (TTF)
- DH Financial Trends Fund (DHFT)
- Foxby Corp (FXBY)
- Alpine Global Premier Property (AWP)
- Cornerstone Strategic Value (CLM)
- Engex (EGX)
- BlackRock EcoSolutions (BQR)
- Cornerstone Total Return (CRF)
- H&Q Life Sciences Investors (HQL)
This Thai Capital Fund objective is to provide long term capital appreciation by investing in equity and unlisted securities of Thai companies. Its total net assets are $44 million. As of May 2012, the fund market price is trading 5.59% discount to the fund NAV. The fund sponsor is Daiwa SB Investments. It also has an annual expense ratio of 2.48%.
This equity fund has a year-to-date return of 37.60%. It has returned 35.83% over the past 3 year, 18.08% over the past decade. Morningstar rates this Thai Capital fund with 4 stars.
The top 10 holdings are PTT Pcl, Advanced Info Service Pcl, Ptt Exploration & Production, Charoen Pokphand Foods Public Company, CP All Plc, Siam Cement Public Company Limited, Kasikornbank Pcl, Bangkok Bank PCL, Krung Thai Bank Public Company Limited, and Thai Oil.
2. Thai Fund Inc (TTF)
The Thai Fund utilizes its assets to purchase stocks of Thai companies. This closed end fund is sponsored by Morgan Stanley Investment Management Inc. The portfolio manager is Kenneth Paek. Its total net assets are $285 million. It also has expense ratio of 1.06%. This fund has a yield of 3.96%.
This international stock closed end fund is rated with 5 stars rating by Morningstar. It currently has 32 holdings in its assets. The top 5 sectors in its assets are: Commercial Banks; Food & Staples Retailing; Real Estate Management, Oil, Gas & Consumable Fuel; and Wireless Telecommunication. The top 5 stocks are Advanced Info Service Public Company Ltd, Cp All Public Company Limited, THB Group PLC, Siam Commercial Bank Public Company, and Bangkok Bank PCL.
3. DH Financial Trends Fund (Ticker: DHFT)
The investment objective of Diamond Hill Financial Trends Fund is to provide long term capital growth with current income. This equity CEF invests in stocks of global financial services companies, brokerage, real estate firms, and other financial companies. It only has $45 million of total net assets. This closed end fund is introduced to public on July 3rd, 1989.
Best High Yield Bond Closed End Funds 2012
The YTD return of this stock fund is 30.90%. For the past decade, it has returned 2.91% per year. The annual portfolio turnover rate is 42%. As of January 2012, the top 3 sectors are general equity (88.11%), net current assets (16.12%), and preferreds (2.31%). The top 3 holdings are: UBS Prime Brokerage Short Pro bond, Wells Fargo & Co, and JPMorgan Chase & Co.
4. Foxby Corp (FXBY)
The Foxby Corp fund seeks total return through capital growth and income. The current fund manager is Bassett S. Winmill. Its expense ratio is 2.02%. It only has $6.6 million of total net assets.
This closed end fund has YTD return of 29.03%. In 2008, it has one of its worst returns. It lost 74.24% of its market price. The top 3 stocks are Apple Inc, Amazon.com Inc, and Google Inc.
5. Alpine Global Premier Property (AWP)
This Alpine Global Premier Property fund invests majority of its assets in global real estate companies including REIT. Samuel A Lieber is the portfolio manager since 2007. This closed end fund has $841 million of total net assets. The fund market price is trading 11.16% discount to the fund’s Net Asset Value. It also has a distribution rate of 9.30%.
As of November 2011, the average UNII per share is -$0.3196. Its effective leverage is 5.42%. This top performer CEF has 29.55% over the past 3 year, and -10.20% over the past 5 year.
6. Cornerstone Strategic Value (CLM)
The Cornerstone Strategic Value fund objective is to achieve long term capital appreciation by investing in global stocks. The total net assets are $96 million. This Cornerstone Advisors fund is trading 25.04% premium to the NAV. It is ranked with 3 stars.
As of January 2012, the top 5 stocks are Apple Inc, Exxon Mobil Corporation, Microsoft Corporation, Walmart Stores Inc, and Chevron Corp. This top performer CEF has an effective leverage of 6.71%.
Disclosure: No Position
Fund Performance
| No | Fund Name | Ticker | Type | YTD Rtn on Price | Closing Price | Effective Leverage | Yield | Premium / Discount | Market Cap |
|---|---|---|---|---|---|---|---|---|---|
| 1 | Thai Capital Fund Inc | TF | Foreign Equity | 37.60% | $11.82 | N/A | 1.27% | -5.59% | $42M |
| 2 | Thai Fund Inc | TTF | Foreign Equity | 36.22% | $16.70 | N/A | 3.96% | -11.69% | $252M |
| 3 | DH Financial Trends Fund | DHFT | Finance Equity | 30.90% | $10.83 | 0.28% | 0.32% | -5.37% | $43M |
| 4 | Foxby Corp | FXBY | US Equity | 29.03% | $1.60 | 20.11% | - | -22.71% | $4M |
| 5 | Alpine Global Premier Property | AWP | Global Real Estate Equity | 27.78% | $6.45 | 5.42% | 9.30% | -11.16% | $707M |
| 6 | Cornerstone Strategic Value | CLM | US Equity | 27.26% | $7.89 | 6.71% | 16.87% | 25.04% | $114M |
| 7 | Engex | EGX | US Equity | 27.08% | $2.30 | N/A | -12.54% | $4M | |
| 8 | BlackRock EcoSolutions | BQR | Energy Equity | 26.83% | $9.68 | N/A | 9.71% | 4.65% | $121M |
| 9 | Cornerstone Total Return | CRF | US Equity | 25.10% | $7.04 | 11.41% | 16.64% | 26.85% | $28M |
| 10 | H&Q Life Sciences Investors | HQL | Health/Biotech Equity | 25.01% | $14.06 | N/A | 7.40% | -4.55% | $199M |
| 11 | RMR Real Estate Income Fund | RIF | Real Estate Equity | 24.45% | $16.50 | 19.99% | 5.09% | -17.99% | $126M |
| 12 | JH Bank & Thrift Opportunity | BTO | Finance Equity | 23.50% | $16.70 | N/A | 5.10% | -9.19% | $317M |
| 13 | Cornerstone Progressive Return | CFP | US Equity | 23.07% | $7.02 | N/A | 15.62% | 37.92% | $111M |
| 14 | Cohen & Steers Qty Inc Realty | RQI | Real Estate Equity | 22.82% | $10.21 | 26.57% | 7.05% | -6.76% | $1123M |
| 15 | Columbia Seligman Premium Tech | STK | Covered Call | 22.79% | $18.74 | N/A | 9.87% | 2.85% | $285M |
| 16 | MS China A Share | CAF | Foreign Equity | 22.68% | $21.50 | N/A | 10.19% | -8.04% | $470M |
| 17 | Cohen & Steers Dividend Majors | DVM | US Equity | 22.48% | $14.56 | N/A | 6.32% | -2.80% | $184M |
| 18 | Nuveen Tax-Adv Floating Rate | JFP | Preferreds | 22.10% | $2.46 | N/A | 4.88% | -9.23% | $34M |
| 19 | First Trust/Aberdeen Emerging | FEO | Foreign Equity | 21.09% | $21.22 | 4.66% | 6.60% | -4.67% | $113M |
| 20 | NASDAQ Premium Income & Growth | QQQX | US Equity | 20.91% | $15.45 | N/A | 7.82% | -2.34% | $285M |
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