Top Performer CEFs 2012Closed end funds (CEFs) are mutual funds with a fixed amount of shares (or units). They are similar to exchange traded funds (ETFs). They can be bought and sold on stock exchanges (NYSE and NASDAQ). These investment funds can be traded at a discount or premium to the Net Asset Value (NAV).
From this list, you may find lots of sector equity funds are the top performers. The top performing sectors include: real estate, mortgage bond, emerging markets, high yield bond, corporate bond, etc. You can find the fund performance, expense ratio, and yield or dividend from the table.
The 25 best performing CEF 2012 List are:
- Alpine Global Premier Properties Fund (AWP)
- Nuveen Mortgage Opportunity Term Fund 2 (JMT)
- Nuveen Mortgage Opportunity Term Fund (JLS)
- H&Q Life Sciences Investors Fund (HQL)
- Thai Fund (TTF)
- Western Asset Mortgage Defined Opportunity Fund (DMO)
- Turkish Investment Fund (TKF)
- First Trust Specialty Finance and Financial Opportunities Fund (FGB)
- PIMCO Global Stocksplus & Income Fund (PGP)
- LMP Real Estate Income Fund (RIT)
- ING Clarion Global Real Estate Income Fund (IGR)
- Cohen & Steers Quality Income Realty Fund (RQI)
- Thai Capital Fund (TF)
- PIMCO High Income Fund (PHK)
- Neuberger Berman Real Estate Securities Income Fund (NRO)
- PIMCO Income Strategy II (PFN)
- PIMCO Income Strategy Fund (PFL)
- RMR Real Estate Income Fund (RIF)
- Diamond Hill Financial Trends Fund (DHFT)
- John Hancock Bank and Thrift Fund (BTO)
- H&Q Healthcare Investors (HQH)
- NASDAQ Premium Income & Growth Fund (QQQX)
- Cornerstone Strategic Value Fund (CLM)
- Nuveen Preferred Income Opportunities Fund (JPC)
- Cohen & Steers Select Preferred & Income Fund (PSF)
Alpine Global Premier Properties Fund (Ticker: AWP)
Alpine Global Premier Properties Fund objective is to provide income for investors. It utilizes its assets to purchase global stocks and bonds of real estate companies. The annual expense ratio is 1.31%. The current share price is trading 5.41% discount to its NAV. Samuel A Lieber is the fund manager. IT also has a high dividend yield of 8.57%.
Top Performer Municipal Bond CEFs 2012
The year-to-date return is 42.85%. This global real estate fund has returned 20.14% over the past year, and 17.84% over the past 3 year. The average UNII per share is -$0.4225. The top 4 countries are USA, Brazil, Singapore, and United Kingdom (UK).
Nuveen Mortgage Opportunity Term Fund 2 (JMT)
Nuveen Mortgage Opportunity Term 2 Fund invests majority of its assets in mortgage backed securities (MBS). It has $122 million of total net assets. The fund’s inception date is February 24, 2010. This best performing CEF is managed by Michael F Garrett.
Best Mortgage Bond Closed End Funds 2012
This CEF has YTD return of 39.62%. It has 114 holdings. The annual portfolio turnover rate is 35%. The top 3 sectors are mortgage backed securities (65.75%), MLP (30.71%), and short term debt (3.97%).
Thai Fund (TTF)
Thai Fund is another best performer fund. Its YTD return is 36.64%. Its annual expense ratio is 1.06%. The current share price is $16.33. It has 1.44% distribution yield. Kenneth Paek is managing this emerging markets stock fund.
This closed end fund has a 3 year annualized return of 30.33%. The top 3 stocks in its holdings are Cp All Public Company Limited, Advanced Info Service Public Company Lim, and Siam Commercial Bank Public Company.
Disclosure: No Position
Fund Performance
| No | Fund (Ticker) | Type | YTD Return | Lipper Rank | Expense Ratio | Yield |
|---|---|---|---|---|---|---|
| 1 | Alpine Glbl Prem Prop (AWP) | Real Estate | 42.85% | 10 | 1.29% | 8.60% |
| 2 | Nuveen Mtge Oppty Term 2 (JMT) | US Mortgage | 39.62% | 8 | 1.58% | 7.74% |
| 3 | Nuveen Mtge Oppty Term (JLS) | US Mortgage | 39.16% | 16 | 1.44% | 7.75% |
| 4 | H&Q Life Sciences Invtrs (HQL) | Sector Equity | 38.39% | 3 | 1.77% | 10.09% |
| 5 | Thai Fund (TTF) | Pacific Ex Japan | 36.64% | 8 | 1.99% | 3.43% |
| 6 | Westn Asst Mtge Def Opp (DMO) | US Mortgage | 34.63% | 24 | 2.24% | 8.09% |
| 7 | Turkish Investment Fund (TKF) | Emerging Markets | 34.09% | 5 | 1.05% | 2.07% |
| 8 | First Tr Spec Fin&Finl (FGB) | Sector Equity | 34.00% | 5 | 1.85% | 8.12% |
| 9 | PIMCO Gl StksPLUS & Inc (PGP) | Opt Arb/Opt Strat | 33.74% | 3 | 2.71% | 9.97% |
| 10 | LMP Real Estate Income (RIT) | Real Estate | 33.61% | 19 | 1.82% | 6.24% |
| 11 | CBRE Clarion Glbl RE Inc (IGR) | Real Estate | 33.45% | 28 | 1.03% | 6.13% |
| 12 | Cohen & Steers Qual Rlty (RQI) | Real Estate | 33.35% | 37 | 1.87% | 6.64% |
| 13 | Thai Capital Fund (TF) | Pacific Ex Japan | 33.18% | 16 | 1.99% | 0.00% |
| 14 | PIMCO High Income (PHK) | High Yield Lvgd | 32.64% | 3 | 1.16% | 10.38% |
| 15 | Neuberger RE Sec Inc (NRO) | Real Estate | 32.63% | 46 | 2.21% | 4.99% |
| 16 | PIMCO Income Strategy II (PFN) | General Bond | 32.08% | 8 | 1.24% | 7.41% |
| 17 | PIMCO Income Strategy (PFL) | General Bond | 31.85% | 15 | 1.51% | 8.72% |
| 18 | RMR Real Estate Income (RIF) | Real Estate | 31.71% | 55 | 2.78% | 4.96% |
| 19 | Diamond Hill Finl Trends (DHFT) | Sector Equity | 31.71% | 7 | 1.40% | 0.44% |
| 20 | J Hancock Bank & Thrift (BTO) | Sector Equity | 31.62% | 9 | 1.37% | 5.02% |
| 21 | H&Q Healthcare Investors (HQH) | Sector Equity | 31.59% | 11 | 1.47% | 7.53% |
| 22 | NASDAQ Prem Inc & Gro (QQQX) | Opt Arb/Opt Strat | 30.17% | 6 | 1.04% | 7.46% |
| 23 | Cornerstone Strat Value (CLM) | Core Funds | 29.97% | 4 | 1.55% | 20.39% |
| 24 | Nuveen Pref Inc Opps (JPC) | Income & Pref Stk | 29.36% | 5 | 1.70% | 9.17% |
| 25 | Cohen & Steers Sel P&Inc (PSF) | Income & Pref Stk | 28.55% | 10 | 1.78% | 7.75% |
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