Fund Description
Overview
- Invests in 65–90 global, common stocks with a history of attractive dividend yields
- Sells call options on selected portfolio securities and indexes to potentially enhance returns and lower volatility
- Buys out of the money put options on selected indices on a portion of the portfolio value to partially protect portfolio value from significant market declines
Investment Objective
This Closed-End Fund seeks a high level of income; capital appreciation is secondary.
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Management Team
Nicolas Simar
Senior Investment Manager Equities
Managed Fund since 2005
Moudy El Khodr
Senior Investment Manager Equities
Managed Fund since 2005
Kris Hermie, CFA
Portfolio Manager
Managed Fund since 2007
Bas Peeters, PhD
Head of Derivative Strategies
Managed Fund since 2005
Frank van Etten
Senior Investment Manager, Derivative Strategies
Managed Fund since 2005
Willem van Dommelen
Investment Manager, Derivative Strategies
Managed Fund since 2005
Alexander van Eekelen
Portfolio Manager
Managed Fund since 2007
View Detailed Information
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| As of 09/30/2009 (Most Recent Quarter-End) |
YTD |
1 YR |
3 YR |
5 YR |
10 YR |
Inception
(03/2005) |
| Net Asset Value |
+13.07 |
+2.41 |
-2.44 |
— |
— |
+1.73 |
| At Market |
+53.44 |
+43.73 |
-0.80 |
— |
— |
+2.90 |
View Detailed Performance
Total investment return at net asset value is not annualized for periods less than one year. Total investment return at market value measures the change in the market value of your investment assuming reinvestment of dividends and capital gain distributions, if any, in accordance with the provisions of the Fund’s dividend reinvestment plan. Total investment return at market value is not annualized for periods less than one year.
Past performance is no guarantee of future results. The performance quoted represents past performance. Investment return and principal value of an investment will fluctuate, and shares, when redeemed, may be worth more or less than their original cost. Current performance may be lower or higher than the performance data quoted.
It is important to note that the Fund has a limited operating history. Performance over a longer period of time may be more meaningful than short-term performance.
Closed-End Funds do not continuously offer shares for sale and are not required to buy shares back from investors upon request.
Principal Risks
All investing involves risks of fluctuating prices and the uncertainties of rates of return and yield inherent in investing. Price volatility, liquidity, and other risks that accompany an investment in Domestic and Foreign Equities. Investing in stocks of Small- and Mid-Sized Companies may entail greater volatility and less liquidity than larger companies. Foreign Investing does pose special risks including currency fluctuation, economic and political risks not found in investments that are solely domestic. Emerging Market investments may be especially volatile. Bond investments are subject to interest rate risk such that when interest rates rise, the prices of bonds, and thus the value of the Fund, can decline and the investor can lose principal value. This Fund has additional risks which you should consider, such as: Market Discount Risk, Investment and Market Risk, Issuer Risk, Equity Risk, Option Related Risk, Small- Cap and Mid-Cap Companies Risk, Foreign Investment and Emerging Markets Risk, Foreign (non-U.S.) Currency Risk, Derivatives Risk, Interest Rate Risk, Restricted and Illiquid Securities Risk, Distribution Risk. Investors should consult the Fund's Prospectus and Statement of Additional Information for a more detailed discussion of the Fund's risks.