| The Yield Hunter Let's make some money and sleep well at night |
| International 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 in Primarily in Foreign Government Bonds 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 general 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 diversification needed in a high income portfolio. 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) NOTE THAT RISK EQUALS REWARD---THE HIGHER YIELD THE HIGHER RISK |
| 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 9/03/2007 |
| Updated 9/3/2007 |
| These securities pay monthly income |
| Security Name ACM Managed Dollar Income Fund Aberdeen Asia Pacific Income Fund Aberdeen Global Income Fund Alliance Bernstein Global High Income Fund Alliance World Dollar Government Fund Colonial Intermarket Income Trust Global Income and Currency Fund Global Income Fund Inc-Closed End Fund Global High Income Fund DWS Global High Income Fund Strategic Global Income Fund Templeton Emerging Markets Inbcome Fund Templeton Global Income Fund Western Assets Emerging Markets Debt Fund Western Asset Emerging Markets Income II Western Asset Global Partners Income Fund |
| Ticker ADF FAX FCO AWF AWG CMK GCF GIF GHI LBF SGL TEI GIM ESD EDF GDP |
| Recent Price 7.20 5.95 12.28 12.84 13.37 7.98 18.23 3.90 14.88 8.64 10.67 13.55 9.02 17.50 12.80 |
| Recent Yield 7.86% 7.14% 6.4% 7.98% 6.41% 6.81% 8.02% 6.41% 9.28% 6.84% 8.73% 8.35% 5.17% 9.35% 10.63% 7.41% |
| Premium Discount -5% -4% -2% -7% -8% -9% -2% -5% 8% -8% 3% -4% 6.64% -14% -14% -7% |
| 52 Week Range 6.26-8.20 4.54-6.66 11.01-13.70 10.65-15.46 11.84-13.65 7.00-8.60 15.52-20.10 3.50-4.38 13.48-16.50 7.01-9.76 9.20-13.00 11.37-15.44 8.09-9.84 15.51-18.62 11.12-14.03 10.77-13.08 |
| Major Holdings Commonwealth of Australia, S Korea National Debt Govt's of Russia, Brazil, Mexico Rentenbank (Germany), Johor Corp (Malaysia) Govt of Sweden General Motors, Allied Waste, Petronas Capital |
| Remember the Yield listed is the current yield. Your earnings will be the dividend plus capital gains or losses |