DNP Select Income Fund (DNP)

By
DNP Select Income fund (DNP) is a popular stock closed end fund. This fund objective is to provide current income and long term growth of income with capital appreciation. This equity fund utilizes its assets to purchase equity and fixed income securities of companies in the public utilities industry.

DNP Fund Profile

    DNP Select Income Fund
  • Fund Inception Date: 01/21/1987
  • Ticker Symbol: DNP
  • CUSIP: 23325P104
  • Rank in category (YTD): 71%
  • Category: Utilities
  • Distribution Rate: 7.72%
  • Effective Leverage: 27.18%
  • Capital Gains: -
  • Base Expense Ratio: 1.10%
  • Net Assets: $ 3.64 billion
  • Annual Turnover Rate: 42%
This closed end fund is incepted since 1987. It has a high dividend yield of 7.72%. The fund manager is Nathan Partain. This top closed end fund is sponsored by Duff & Phelps.
The current share price is $10.15. This market price is trading 3.82% premium to its NAV (Net Asset Value). The total expense fee is 1.57% per year.

More: Best Utilities Closed End Funds

DNP Select Income Fund Returns

Morningstar has ranked this sector stock fund with 4 stars and silver rating. In 2014, the year to date return is 14.34%. This closed end fund has returned 14.12% over the past 1 year, 9.13% over the past 3 years, and 11.55% over the past 5 years.
  • Year 2013: 7.99%
  • Year 2012: -6.24%
  • Year 2011: 29.66%
  • Year 2010: 11.46%

DNP Holdings

This DNP Select Income Fund has 119 holdings in its portfolio. Top 6 stocks in its holdings are Sempra Energy, Nextera Energy, Williams Companies Inc, Northeast Utilities, and Alliant Energy Corporation. Top 3 asset allocations are equity (82%), corporate bond (15%), and preferred (1%). Top country allocation includes global (83%) and USA (16%).

Pros:
  • This DNP Select Income Fund has a high yield of income for investors.
  • This popular closed end fund is ranked high by Morningstar.
Cons:
  • The expense fee is a bit high.

0 comments:

Post a Comment