This Day On The Street
Continue to site
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

Few Standout Returns in November's Top Closed-End Funds

November's top-rated closed-end funds didn't perform all that well as the one-month returns in the accompanying table shows. In most categories of funds listed below, there are better performing funds in the exchange-traded and bond mutual fund worlds.

So while these closed-end funds rank as A+ at Ratings, the returns of these closed-end funds do not compare well with other fund vehicles.

This may be due to particular quirks of closed-end funds themselves as closed-end funds can trade at discounts to their net asset value despite having similar strategies and holdings to other types of fund vehicles. ETFs, for example, trade at or very near their NAVs.

Two interesting funds in the list are the MFS Intermediate Income Trust (MIN) and the Templeton Global Income Fund (GIM).

MIN invests in government (40%), corporate (32%) and mortgage (24%) debt securities across a wide array of sectors and geographies including Japan (10% allocation), the U.K., Germany and France with roughly 5% invested in each of these regions.

GIM invests 80% of its assets in government securities across a range of countries. As of Aug. 31, it favored the Asia-Pacific region. Investors should be able and willing to handle the risks associated with this fund's strategy of playing the international currency markets via investments in sovereign bonds. The currency markets during stable economic times contain risks above other markets, such as domestic stocks and bonds. In the current volatile period, the currency markets have the potential to enter the realm of borderline chaos. Predictions of currency movements are far less clear than the already extremely clouded world economic outlook -- in particular the depth and length of this correction. Coupled with the currency market risks, the fund also adds risk to its portfolio in the form of investments in emerging market sovereigns.
1 of 2

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Real Money

More than 30 investing pros with skin in the game give you actionable insight and investment ideas.

Product Features:
  • Access to Jim Cramer's daily blog
  • Intraday commentary and news
  • Real-time trading forums
Only $49.95
14-Days Free
14-Days Free
GIM $6.48 0.00%
MHF $8.25 0.00%
MIN $4.60 0.00%
NXN $14.62 0.00%
AAPL $93.24 0.00%


Chart of I:DJI
DOW 17,660.71 +9.45 0.05%
S&P 500 2,050.63 -0.49 -0.02%
NASDAQ 4,717.0940 -8.5450 -0.18%

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs