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10% Sale On Closed-End Dividend Funds

Published Tue, 13 Dec 2011 17:43:45 -0500 on Seeking Alpha

Value investors should check different markets and financial instruments to find the best available deals. Closed-End funds (CEFs) 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 4%, and expense ratios lower than 2%: Closed-End Fund (Ticker) Strategy Discount Expense Ratio Dividend Yield... Read more

Stock name Last trade   P/E Earnings/Share Dividend/Share Dividend yield
SWISS HELVETIA FUND 8.13   0.0 0.00 4.91 60.77
ZWEIG FUND 10.98   0.0 0.00 1.44 13.14
ZWEIG TOTAL RETURN FUND 10.84   0.0 0.00 1.47 12.26
GUGGENHEIM ENHANCED EQUITY 7.85   0.0 0.00 0.00 11.85
INDIA FUND 20.00   0.0 0.00 0.00 11.83
MADISON/CLAYMORE COV CALL & EQUITY STRATEGY FUND 6.59   0.0 0.00 0.00 11.03
LIBERTY ALL STAR EQUITY FUND 6.38   0.0 0.00 0.65 10.30
FIRST TRUST ABERDEEN EMERGING OPPORTUNITY FUND 13.77   0.0 0.00 0.00 10.17
EATON VANCE RISK-MANAGED DIV EQUITY INCOME FUND 9.40   0.0 0.00 0.00 9.73
ADVENT CLAYMORE CONV SECURITIES AND INC FUND 14.61   0.0 0.00 0.00 9.61
H&Q LIFE SCIENCES INVESTORS 15.62   0.0 0.00 0.00 9.43
EATON VANCE TAX MAN GLOBAL BUY WRITE OPP FUND 9.67   0.0 0.00 0.00 9.03
MADISON STRATEGIC SECTOR PREMIUM FUND 11.48   0.0 0.00 0.00 9.02
EATON VANCE TAX-MANAGED BUY-WRITE OPP FUND 14.76   0.0 0.00 0.00 9.00
ROYCE VALUE TRUST 14.16   0.0 0.00 1.51 8.84
EATON VANCE TAX-MAN GLOBAL DIVERSIFIED 8.36   0.0 0.00 0.00 8.75
EATON VANCE TAX-ADV GLOBAL DIVIDEND OPP FUND 25.20   0.0 0.00 0.00 8.60
WESTERN ASSET EMERGING MARKETS INCOME FUND 13.97   0.0 0.00 0.00 8.58
NUVEEN TAX-ADV TOTAL RETURN STRATEGY FUND 11.11   0.0 0.00 0.00 8.49
EATON VANCE TAX-MAN DIVERSIFIED EQUITY 12.14   0.0 0.00 0.00 8.37
ROYCE MICRO-CAP TRUST 8.20   0.0 0.00 0.00 8.22
LIBERTY ALL STAR GROWTH FUND 5.94   0.0 0.00 0.00 8.18
EATON VANCE TAX-MANAGED BUY-WRITE INCOME FUND 15.80   0.0 0.00 0.00 8.18
ALPINE GLOBAL PREMIER PROPERTIES FUND 6.15   0.0 0.00 0.00 7.95
EATON VANCE TAX-ADV GLOBAL DIVIDEND INCOME FUND 16.41   0.0 0.00 0.00 7.54
NUVEEN TAX-ADVANTAGED DIVIDEND GROWTH FUND 16.50   0.0 0.00 0.00 7.31
EATON VANCE TAX-ADV DIVIDEND INCOME FUND 24.50   0.0 0.00 0.00 7.11
EATON VANCE ENHANCED EQUITY INCOME FUND II 16.99   0.0 0.00 0.00 7.02
EATON VANCE ENHANCED EQUITY INCOME FUND 15.54   0.0 0.00 0.00 6.99
FIRST TRUST ENHANCED EQUITY INCOME FUND 16.40   0.0 0.00 0.00 6.93
AGIC EQUITY & CONVERTIBLE INCOME FUND 22.19   0.0 0.00 0.00 6.90
LAZARD GLOBAL TOTAL RETURN AND INCOME FUND 15.89   0.0 0.00 0.00 6.77
BLACKROCK ENHANCED DIVIDEND ACHIEVERS TRUST 9.21   0.0 0.00 0.00 6.51
JOHN HANCOCK BANK AND THRIFT OPPORTUNITY FUND 32.54   0.0 0.00 2.57 6.23
BLACKROCK ENHANCED CAPITAL AND INCOME FUND 16.19   0.0 0.00 0.00 6.19
GABELLI DIVIDEND & INCOME TRUST 21.71   0.0 0.00 0.00 6.11
BLACKROCK CREDIT ALLOCATION INCOME TRUST IV 13.75   0.0 0.00 0.00 5.82
WESTERN ASSET VARIABLE RATE STRATEGIC FUND 16.31   0.0 0.00 0.00 5.71
MORGAN STANLEY EMERGING MARKETS DEBT FUND 9.35   0.0 0.00 0.00 5.57
PETROLEUM & RESOURCES 15.85   0.0 0.00 0.47 2.98
ADAMS EXPRESS 15.95   0.0 0.00 0.20 1.27
 

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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