| The Yield Hunter Let's make some money and sleep well at night |
| Global Income Closed End Funds |
| Closed End Funds A fund with a fixed number of shares outstanding, and one which does not redeem shares the way a typical mutual fund does. Closed-end funds behave more like stock than open-end funds: closed-end funds issue a fixed number of shares to the public in an initial public offering, after which time shares in the fund are bought and sold on a stock exchange, and they are not obligated to issue new shares or redeem outstanding shares as open-end funds are. The price of a share in a closed-end fund is determined entirely by market demand, so shares can either trade below their net asset value ("at a discount") or above it ("at a premium"). also called closed-end investment company or publicly-traded fund. Listed below are Closed End Funds that invest PRIMARILY in Global Income Securities. Also note that these trade based on 'supply and demand' versus net asset value---thus they trade at a discount or premium to the underlying bond portfolio value. You should note that there is some level of volatility in the prices of these securities and that price range will generally be narrowest when interest rates in general are relatively stable. As with any bond the net asset value of these funds will go up if interest rates in gereral are falling and the net asset value will go down if interest rates in general are rising. You will note that generally these closed end funds are 'sponsored' by an investment management firm (such as Blackrock) and that these firms get a 'managment fee' for their services of managing the portfolio. Generally this is a modest amount (if it is too high--ie. 2-3% the dividend will be hurt) of less than 1% of assets. These funds are a good way to get a very good yield while getting the Global Exposure. While having an opportunity for capital gains (or losses) as well, These trade just like stocks and may be bought and sold in the same manner and for the same commission. The Funds Listed Below are all Taxable Funds (No Tax Exempt Securities) |
| Listed below are Closed End Fund Issues These are NOT recommended purchases, but are just informational. You must do additional due diligence to find investments suitable to your needs and style. Information Current as of 2/13/2008 |
| Updated 2/14/2008 |
| (L) behind the name indicates a leveraged fund (M) Behind the name indicates Monthly Distributions (Q) Behind the name indicates Quarter Distributions |
Aberdeen Asia-Pacific Fund (L)(M) FAX 6.18 (9.1%) 6.8%
Annual Report for Period Ending 10/31/2007
Annual Report for Period Ending 10/31/2007
Name Ticker Recent Price (Discount)/Premium Recent Yield
| Aberdeen Global Income Fund(L)(M) FCO 12.34 (8.2%) 6.3% Annual Report for Period Ending 10/31/2007 |
Blackrock Global Equity Income Trust (Q) BFD 15.82 .3% 11.39%
Annual Report for Period Ending 10/31/2007
Annual Report for Period Ending 10/31/2007
| Blackrock Global Opportunities Equity Income Trust (Q) BOE 25.00 (2.2%) 8.8% Current Info for BOE |
| Blackrock World Investment Trust (M) BWC 14.33 (9.3) 9.4% Current Info for BWC |
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