Top Performer Closed End Funds of Week 42, 2011

By
The following is the top performer CEFs for week 42 of 2011. The top performing funds include Engex Inc (EGX), PIMCO Gl StksPLUS & Inc (PGP), Kayne Anderson Enrgy TR (KYE), etc.

This week only observed with single digit gain for most closed end funds. We have a diverse selection of classes for this week such as core fund, option strategy fund, high yield bond fund, emerging markets stock fund, energy sector equity fund, etc.

The 10 Top Performer Closed End Funds CEFs 2011 (Week 42) are:
Top Performer CEF
  1. Engex Inc (EGX)
  2. PIMCO Global StocksPLUS & Income (PGP)
  3. Kayne Anderson Energy Total Return (KYE)
  4. New America High Income (HYB)
  5. Aberdeen Israel Fund (ISL)
  6. Fiduciary/Claymore MLP Opportunity Fund (FMO)
  7. Helios High Income (HIH)
  8. Neuberger Real Estate Securities Income (NRO)
  9. Cohen & Steers Dividend Majors (DVM)
  10. John Hancock Tax-Advantage Dividend Income (HTD)
Note: Week 42 = October 17, 2011 till October 23, 2011

1. Engex Inc (EGX)

This Engex fund seeks high total return by investing in various technology sectors and private equity from companies controlling emerging markets. The fund’s manager is J Morton Davis. It currently has a total net asset of $4.03 million. The expense ratio is 3.84%.

This CEF's YTD return is -45.21%. It has returned -31.96% over the past 1 year, -20.92% over the past 5 year, and -13.16% over the past decade. It also has 15 holdings in its fund.

As of July 2011, the fund top 3 sectors are General Equity (82.16%), US Unlisted (9.52%), and Net Current Assets (88.31%). The fund’s top 4 holdings include: Enzo Biochemical Inc, MiMedx Group Inc, Keryx Biopharmaceuticals, and Silverstar Holdings, Ltd.

2. PIMCO Global StocksPLUS & Income (PGP)

This PIMCO Global StocksPLUS & Income fund’s objective is to provide total return comprised of current income and long term capital appreciation. This PIMCO fund invests majority of assets in equity index derivative instruments based on the S&P 500 and MSCI EAFE Indices and through utilizing an options strategy. This PIMCO fund is provided by Allianz Global Investors Fund Management.

Best Income and Preferred Stock Closed End Funds 2012

This closed end fund  is managed by Daniel J Ivascyn. Its effective leverage is 49.31%. The total expense ratio is 2.81%. The fund’s inception date was May 31, 2005. This fund also has a dividend yield of 11.45%. This yield is paid monthly. The fund has returned -5.22% over the past 1 year, and 12.94% since its inception.

As of August 2011, the fund’s top 5 sectors are Non-Captive Consumer Finance, Banks, Non-Captive Div. Finance, Insurance Life, and Independent E&P. The top 3 countries include USA, UK, and Netherlands.

3. Kayne Anderson Energy Total Return (KYE)

This Kayne Anderson Energy Total Return fund invests most of assets companies stocks which engaged in the energy industry. The dividend yield is 7.48% and is paid quarterly. The total net assets are $1.2 Billion. It also has an expense ratio of 3.79%. The fund has been managed by J.C. Frey and Kevin S McCarthy.

The fund’s last 3 year performance:
  • Year 2010: 36.30%
  • Year 2009: 124.26%
  • Year 2008: -53.77%
As of June 2011, the top 8 stocks holdings in top performer CEF are Kinder Morgan Management LLC, Enbridge Energy Management LLC, Plains All American Pipeline LP, Teekay Offshore Partners L.P., Enerplus Corp, Navios Maritime Partners L.P., ONEOK, Inc., Crescent Point Energy Corporation, and Teekay Tankers, Ltd.

Disclosure: No Position

Previous Top Performer CEFs article:
Fund Performance

NoFund DescriptionFund Class1 Week ReturnLipper RankPremium / DiscountExpense RatioYieldFund Advisor
1Engex Inc (EGX)Core Funds13.73%4-9.73%4.19%0.00%American Investors Advisors Inc
2PIMCO Gl StksPLUS & Inc (PGP)Opt Arb/Opt Strat5.84%368.51%2.81%12.34%Allianz Global Investors Fund Mgmt LLC
3Kayne Anderson Enrgy TR (KYE)Sector Equity5.76%55.59%4.30%7.94%KA Fund Advisors LLC
4New America High Income (HYB)High Curr Yld Lvgd5.27%3-2.90%1.97%11.34%T Rowe Price Associates Inc
5Aberdeen Israel Fund (ISL)Emerging Markets5.19%5-12.48%1.67%2.16%Aberdeen Asset Management Inc
6Fiduciary/Clay MLP Opp (FMO)Sector Equity5.08%72.55%2.08%5.51%Guggenheim Funds Investment Advisors LLC
7Helios High Income (HIH)High Curr Yld Lvgd5.05%5-3.64%2.74%9.81%Brookfield Investment Management Inc
8Neuberger RE Sec Inc (NRO)Real Estate5.01%9-10.02%2.09%6.82%Neuberger Berman Management LLC
9Cohen & Steers Dvd Mjrs (DVM)Core Funds4.94%8-4.28%0.98%8.13%Cohen & Steers Capital Management Inc
10J Hancock Tx-Adv Div Inc (HTD)Value Funds4.92%17-7.56%1.86%7.13%John Hancock Advisers LLC
11Boulder Growth & Income (BIF)Core Funds4.53%12-18.92%2.19%0.00%Boulder Investment Advisors LLC
12Helios Total Return (HTR)US Mortgage4.41%97.23%1.54%9.21%Brookfield Investment Management Inc
13Brookfield Gl Lsd Infr (INF)Sector Equity4.38%11-8.92%-0.00%Brookfield Investment Management Inc
14Kayne Anderson MLP (KYN)Sector Equity4.27%1410.25%4.20%7.00%KA Fund Advisors LLC
15BlackRock Energy & Res (BGR)Sector Equity4.22%16-4.10%1.11%7.16%BlackRock Inc
16Boulder Total Return (BTF)Value Funds4.20%34-19.85%2.19%0.00%Boulder Investment Advisors LLC
17Cohen & Steers Qual Rlty (RQI)Real Estate4.17%17-8.84%1.98%9.39%Cohen & Steers Capital Management Inc
18ClearBridge Energy MLP (CEM)Sector Equity4.00%203.11%-7.22%Legg Mason Partners Fund Advisor LLC
19J Hancock Bank & Thrift (BTO)Sector Equity3.83%22-10.26%1.36%7.27%John Hancock Advisers LLC
20Nuveen Real Estate Inc (JRS)Real Estate3.80%250.00%1.48%10.02%Nuveen Fund Advisors Inc

0 comments:

Post a Comment