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10% Sale On Closed-End Dividend Funds

Published Mon, 08 Oct 2012 10:41:48 -0400 on Seeking Alpha

Value investors should check different markets and financial instruments to find the best available deals. Closed-End funds (CEFs for short) trading at a discount to net asset value (NAV, the net value of fund holdings) are a source of potentially attractive investment ideas. In a sense, they are on sale. How do CEFs work? CEFs are mutual fund companies that buy and sell investments from a fixed pool of capital. Shares in CEFs are sold by current owners, often at prices that are lower than the sum of their holdings. When you buy a CEF, your investment pays expenses to the fund manager. The hope of CEF investors is that the return on their assets will exceed the fund manager's expenses. Below is a table of CEFs with discounts of more than 10%, dividend yields over 2%, and expense ratios lower than 1.5%: Closed-End Fund (Ticker) Strategy Discount Expense Ratio... Read more

Stock name Last trade   P/E Earnings/Share Dividend/Share Dividend yield
SWISS HELVETIA FUND 7.96   0.0 0.00 4.91 61.84
ZWEIG FUND 10.68   0.0 0.00 1.44 13.67
ZWEIG TOTAL RETURN FUND 10.52   0.0 0.00 1.47 13.11
LIBERTY ALL STAR EQUITY FUND 6.07   0.0 0.00 0.65 10.80
BANCROFT FUND 23.72   0.0 0.00 2.40 10.15
EATON VANCE RISK-MANAGED DIV EQUITY INCOME FUND 9.39   0.0 0.00 0.00 9.79
ROYCE VALUE TRUST 13.28   0.0 0.00 1.24 9.49
EATON VANCE TAX-MAN GLOBAL DIVERSIFIED 7.93   0.0 0.00 0.00 9.37
EATON VANCE TAX MAN GLOBAL BUY WRITE OPP FUND 9.54   0.0 0.00 0.00 9.20
MADISON STRATEGIC SECTOR PREMIUM FUND 11.48   0.0 0.00 0.00 9.02
EATON VANCE TAX-MANAGED BUY-WRITE OPP FUND 14.74   0.0 0.00 0.00 9.00
ROYCE MICRO-CAP TRUST 7.82   0.0 0.00 0.00 8.81
EATON VANCE TAX-MAN DIVERSIFIED EQUITY 11.74   0.0 0.00 0.00 8.70
FIRST TRUST ENHANCED EQUITY INCOME FUND 15.50   0.0 0.00 0.00 7.45
EATON VANCE ENHANCED EQUITY INCOME FUND 14.82   0.0 0.00 0.00 7.36
AGIC EQUITY & CONVERTIBLE INCOME FUND 21.36   0.0 0.00 0.00 7.18
EATON VANCE ENHANCED EQUITY INCOME FUND II 16.66   0.0 0.00 0.00 7.17
ROYCE FOCUS TRUST 6.57   0.0 0.00 0.46 7.10
EAGLE CAPITAL GROWTH FUND 7.83   0.0 0.00 0.00 6.75
GABELLI DIVIDEND & INCOME TRUST 20.61   0.0 0.00 0.00 6.51
ELLSWORTH FUND 10.84   0.0 0.00 0.52 4.84
TRI-CONTINENTAL 26.39   0.0 0.00 1.00 3.81
PETROLEUM & RESOURCES 14.90   0.0 0.00 0.57 3.16
CENTRAL SECURITIES 30.24   0.0 0.00 0.61 2.04
ADAMS EXPRESS 15.38   0.0 0.00 0.25 1.30
LATIN AMERICAN DISCOVERY FUND 12.19   0.0 0.00 0.00 0.97

SWISS HELVETIA FUND - SWZ
SWISS HELVETIA FUND - SWZ  


Older articles featuring Swiss Helvetia Fund (SWZ):
The Chemist's CEF Report - July 2018: Treasury Yield Spread Continues To Narrow
Options For Alpha In Activist-Driven Yield Plays
Closed-End Funds With Yields Over 5%
10% Sale On Closed-End Dividend Funds
Payback Periods For Discount CEFs With Dividends
Global ETFs and CEFs: An Income Investor's Hunt for Yield

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