Year to Date Top Performer Closed End Funds May 2012

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This article will provide the YTD top performer closed end funds. Some of the top performer close end funds are: Thai Capital Fund, DH Financial Trends Fund, Alpine Global Premier Property fund, etc.

Closed End Funds are traded like stocks and exchange traded funds. They may invest in stocks, bonds, convertibles, preferreds, investment funds, etc. Investor can buy these closed end funds through secondary market such as NASDAQ, New York Stock Exchange (NYSE), and AMEX. Investor can buy these CEFs from regular brokerages such as Charles Schwab, Zecco Trading, Lightspeed Trading, Interactive Brokerage, Fidelity, E*Trade, etc.

The following top performers list has been sorted based on its year-to-date return up until May 6th, 2012. You will find fund review information, news, and more.

The YTD Top Performer Closed End Funds of May 2012 are:
  1. Thai Capital Fund Inc (TF)
  2. Thai Fund Inc (TTF)
  3. DH Financial Trends Fund (DHFT)
  4. Foxby Corp (FXBY)
  5. Alpine Global Premier Property (AWP)
  6. Cornerstone Strategic Value (CLM)
  7. Engex (EGX)
  8. BlackRock EcoSolutions (BQR)
  9. Cornerstone Total Return (CRF)
  10. H&Q Life Sciences Investors (HQL)
1. Thai Capital Fund (Ticker: TF)

This Thai Capital Fund objective is to provide long term capital appreciation by investing in equity and unlisted securities of Thai companies. Its total net assets are $44 million. As of May 2012, the fund market price is trading 5.59% discount to the fund NAV. The fund sponsor is Daiwa SB Investments. It also has an annual expense ratio of 2.48%.

This equity fund has a year-to-date return of 37.60%. It has returned 35.83% over the past 3 year, 18.08% over the past decade. Morningstar rates this Thai Capital fund with 4 stars.

The top 10 holdings are PTT Pcl, Advanced Info Service Pcl, Ptt Exploration & Production, Charoen Pokphand Foods Public Company, CP All Plc, Siam Cement Public Company Limited, Kasikornbank Pcl, Bangkok Bank PCL, Krung Thai Bank Public Company Limited, and Thai Oil.

2. Thai Fund Inc (TTF)

The Thai Fund utilizes its assets to purchase stocks of Thai companies. This closed end fund is sponsored by Morgan Stanley Investment Management Inc. The portfolio manager is Kenneth Paek. Its total net assets are $285 million. It also has expense ratio of 1.06%. This fund has a yield of 3.96%.

This international stock closed end fund is rated with 5 stars rating by Morningstar. It currently has 32 holdings in its assets. The top 5 sectors in its assets are:  Commercial Banks; Food & Staples Retailing; Real Estate Management, Oil, Gas & Consumable Fuel; and Wireless Telecommunication. The top 5 stocks are Advanced Info Service Public Company Ltd, Cp All Public Company Limited, THB Group PLC, Siam Commercial Bank Public Company, and Bangkok Bank PCL.

3. DH Financial Trends Fund (Ticker: DHFT)

The investment objective of Diamond Hill Financial Trends Fund is to provide long term capital growth with current income. This equity CEF invests in stocks of global financial services companies, brokerage, real estate firms, and other financial companies. It only has $45 million of total net assets. This closed end fund is introduced to public on July 3rd, 1989.

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The YTD return of this stock fund is 30.90%. For the past decade, it has returned 2.91% per year. The annual portfolio turnover rate is 42%. As of January 2012, the top 3 sectors are general equity (88.11%), net current assets (16.12%), and preferreds (2.31%). The top 3 holdings are: UBS Prime Brokerage Short Pro bond, Wells Fargo & Co, and JPMorgan Chase & Co.

4. Foxby Corp (FXBY)

The Foxby Corp fund seeks total return through capital growth and income. The current fund manager is Bassett S. Winmill. Its expense ratio is 2.02%. It only has $6.6 million of total net assets.
This closed end fund has YTD return of 29.03%. In 2008, it has one of its worst returns. It lost 74.24% of its market price. The top 3 stocks are Apple Inc, Amazon.com Inc, and Google Inc.

5. Alpine Global Premier Property (AWP)

This Alpine Global Premier Property fund invests majority of its assets in global real estate companies including REIT. Samuel A Lieber is the portfolio manager since 2007. This closed end fund has $841 million of total net assets. The fund market price is trading 11.16% discount to the fund’s Net Asset Value. It also has a distribution rate of 9.30%.

As of November 2011, the average UNII per share is -$0.3196. Its effective leverage is 5.42%. This top performer CEF has 29.55% over the past 3 year, and -10.20% over the past 5 year.

6. Cornerstone Strategic Value (CLM)

The Cornerstone Strategic Value fund objective is to achieve long term capital appreciation by investing in global stocks. The total net assets are $96 million. This Cornerstone Advisors fund is trading 25.04% premium to the NAV. It is ranked with 3 stars.

As of January 2012, the top 5 stocks are Apple Inc, Exxon Mobil Corporation, Microsoft Corporation, Walmart Stores Inc, and Chevron Corp. This top performer CEF has an effective leverage of 6.71%.

Disclosure: No Position

Fund Performance

NoFund NameTickerTypeYTD Rtn on PriceClosing PriceEffective LeverageYieldPremium / DiscountMarket Cap
1Thai Capital Fund IncTFForeign Equity37.60%$11.82 N/A1.27%-5.59%$42M
2Thai Fund IncTTFForeign Equity36.22%$16.70 N/A3.96%-11.69%$252M
3DH Financial Trends FundDHFTFinance Equity30.90%$10.83 0.28%0.32%-5.37%$43M
4Foxby CorpFXBYUS Equity29.03%$1.60 20.11%--22.71%$4M
5Alpine Global Premier PropertyAWPGlobal Real Estate Equity27.78%$6.45 5.42%9.30%-11.16%$707M
6Cornerstone Strategic ValueCLMUS Equity27.26%$7.89 6.71%16.87%25.04%$114M
7EngexEGXUS Equity27.08%$2.30 N/A-12.54%$4M
8BlackRock EcoSolutionsBQREnergy Equity26.83%$9.68 N/A9.71%4.65%$121M
9Cornerstone Total ReturnCRFUS Equity25.10%$7.04 11.41%16.64%26.85%$28M
10H&Q Life Sciences InvestorsHQLHealth/Biotech Equity25.01%$14.06 N/A7.40%-4.55%$199M
11RMR Real Estate Income FundRIFReal Estate Equity24.45%$16.50 19.99%5.09%-17.99%$126M
12JH Bank & Thrift OpportunityBTOFinance Equity23.50%$16.70 N/A5.10%-9.19%$317M
13Cornerstone Progressive ReturnCFPUS Equity23.07%$7.02 N/A15.62%37.92%$111M
14Cohen & Steers Qty Inc RealtyRQIReal Estate Equity22.82%$10.21 26.57%7.05%-6.76%$1123M
15Columbia Seligman Premium TechSTKCovered Call22.79%$18.74 N/A9.87%2.85%$285M
16MS China A ShareCAFForeign Equity22.68%$21.50 N/A10.19%-8.04%$470M
17Cohen & Steers Dividend MajorsDVMUS Equity22.48%$14.56 N/A6.32%-2.80%$184M
18Nuveen Tax-Adv Floating RateJFPPreferreds22.10%$2.46 N/A4.88%-9.23%$34M
19First Trust/Aberdeen EmergingFEOForeign Equity21.09%$21.22 4.66%6.60%-4.67%$113M
20NASDAQ Premium Income & GrowthQQQXUS Equity20.91%$15.45 N/A7.82%-2.34%$285M

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