Closed end fund is also known as closed-end mutual fund or closed-end investment.
These best performing closed end funds are sorted based on its year to date return up to October 4, 2014. You may find other fund review information: expense ratio, fund’s NAV, management, objective, yield, top holdings, etc.
Best performing closed end funds October 2014 are:
- MS India Investment (IIF) - 41.59%
- Thai Fund Inc (TTF) - 36.12%
- Kayne Anderson Energy Dev Co (KED) - 34.34%
- India Fund Inc (IFN) - 33.72%
- EV Municipal Income (EVN) 30.10%
- Columbia Seligman Premium Tech (STK) - 29.88%
- Pioneer Municipal High Income Advantage (MAV) - 28.54%
- Massachusetts Tax-Exempt Trust (MHE) - 27.79%
- EV MA Municipal Bond (MAB) - 25.29%
- Tortoise Pipeline & Energy (TTP) - 25.18%
Morgan Stanley India Investment Fund
Morgan Stanley India Investment Fund objective is to provide capital appreciation. This closed end fund uses its assets to purchase Indian equity securities. The annual expense ratio is 1.45%. Total net assets are $419 million. The fund manager is Ruchir Sharma. The inception date is 2/25/1994.More: Popular Closed End Funds
In 2014, the year-to-date return is 41.59%. This Morgan Stanley fund has returned 58.45% over the past 1 year, 14.82% over the past 3 year, and 6.57% over the past 5 year. This equity fund has 49 holdings.
The top 5 stocks in its holdings are Reliance Industries Ltd, Larsen & Toubro Limited, HDFC Bank, Ltd., Icici Bank Ltd., and Eicher Motors Ltd. Top 2 sectors are general equity (97.68%) and net current assets (1.79%).
Thai Fund
Thai Fund invests mainly in equity securities of Thai companies. It is managed by Munib Madni and Samuel Rhee. Its expense ratio is 1.00%. The dividend yield is 7.46%. The current market price is trading at 13.15% discount to its NAV (Net Asset Value).More: Top Covered Call Closed End Funds 2014
Morningstar hasn’t ranked this stock fund with any rating. In 2014, the YTD return is 36.12%. The fund performance is as follows:
- Year 2013: -4.88%
- Year 2012: 67.60%
- Year 2011: -0.10%
- Year 2010: 49.64%
Eaton Vance Municipal Income Fund
This Eaton Vance Municipal Income Fund objective is to provide tax free income for investors. This municipal bond fund has a high dividend yield of 6.98%. The fund sponsor is Eaton Vance. The fund manager is Thomas M. Metzold since 1999. Its total net assets are $422 million. The total expense ratio is 1.96%.This bond closed end fund has a 3 year average return of 9.82%. The average coupon is 4.82%. The average maturity is 22.89 years. The annual portfolio turnover rate is 42%. Top 3 bond sectors are Healthcare, insured special tax, and insured water & sewer.
Best Performing Closed End Funds October 2014 Returns
| No | Fund Name | Ticker | YTD Rtn on Price | Strategy | NAV | Distribution Rate |
|---|---|---|---|---|---|---|
| 1 | MS India Investment | IIF | 41.59% | Non-US/Other-Asia Equity | $27.08 | -- |
| 2 | Thai Fund Inc | TTF | 36.12% | Non-US/Other-Asia Equity | $13.92 | 7.46% |
| 3 | Kayne Anderson Energy Dev Co | KED | 34.34% | US Equity-MLP | $38.62 | 5.72% |
| 4 | India Fund Inc | IFN | 33.72% | Non-US/Other-Asia Equity | $29.60 | 0.79% |
| 5 | EV Municipal Income | EVN | 30.10% | Tax-Free Income-National | $12.76 | 6.98% |
| 6 | Columbia Seligman Premium Tech | STK | 29.88% | US Equity-Covered Call | $17.24 | 10.78% |
| 7 | Pioneer Muni High Inc Adv | MAV | 28.54% | Tax-Free Income-High Yield | $12.62 | 7.42% |
| 8 | Massachusetts Tax-Exempt Trust | MHE | 27.79% | Tax-Free Income-Massachusetts | $14.08 | 5.19% |
| 9 | EV MA Municipal Bond | MAB | 25.29% | Tax-Free Income-Massachusetts | $15.27 | 5.17% |
| 10 | Tortoise Pipeline & Energy | TTP | 25.18% | US Equity-Energy/Resources | $39.02 | 4.75% |
| 11 | Virtus Total Return Fund | DCA | 24.95% | Non-US/Other-Global Growth & Income | $5.19 | 8.68% |
| 12 | Nuveen MO Premium Income Mun | NOM | 24.63% | Tax-Free Income-Missouri | $14.18 | 4.84% |
| 13 | EV Municipal Income Term Trust | ETX | 23.89% | Tax-Free Income-National | $19.62 | 4.89% |
| 14 | Salient Midstream & MLP Fund | SMM | 23.88% | US Equity-MLP | $31.80 | 5.07% |
| 15 | Nuveen Real Asset Inc & Growth | JRI | 23.61% | US Equity-Real Estate (Global) | $20.82 | 8.28% |
| 16 | BlackRock MuniYield Arizona | MZA | 23.42% | Tax-Free Income-Arizona | $14.79 | 5.47% |
| 17 | PIMCO NY Municipal Income | PNF | 22.41% | Tax-Free Income-New York | $11.82 | 5.81% |
| 18 | Brookfield Glo List Infr Inc | INF | 22.16% | Non-US/Other-Global Equity | $26.18 | 6.10% |
| 19 | Cohen & Steers MLP Inc&Energy | MIE | 21.77% | US Equity-MLP | $23.43 | 5.99% |
| 20 | BlackRock NJ Municipal Bond | BLJ | 21.46% | Tax-Free Income-New Jersey | $16.36 | 5.80% |
No comments:
Post a Comment