The Oldest and Largest Small-Cap Closed-End Fund
About the Fund
The oldest and largest small-cap closed-end fund boasts an average weekly trading volume of approximately 1,146,244 shares. Managed by an adviser with over 50 years of small- and micro-cap investment experience, this fund has a strong track record of performance and expertise in the market.
Performance Overview
As of September 30, 2024, the fund’s closing prices were NAV 17.38 and MKT 15.70. The average annual total returns for various time periods were as follows:
Performance Statistics
One-Month: NAV 0.43%, MKT 2.80%
Year to Date: NAV 11.98%, MKT 14.08%
One-Year: NAV 26.97%, MKT 31.72%
Three-Year: NAV 4.32%, MKT 4.41%
Five-Year: NAV 11.48%, MKT 11.68%
10-Year: NAV 9.92%, MKT 10.09%
*Note: Not annualized
Important Information
All performance data is based on past performance, presented on a total return basis, net of the Fund’s investment advisory fee, and includes the reinvestment of distributions. It is crucial to remember that past performance is not indicative of future results.
Effect on Individuals
For individual investors, investing in the oldest and largest small-cap closed-end fund can provide a diversified exposure to small- and micro-cap stocks. With a seasoned adviser at the helm, investors can benefit from the expertise and experience of the fund manager, potentially leading to attractive returns over time.
Effect on the World
On a larger scale, the performance and success of this fund can have ripple effects on the financial markets and economy as a whole. As one of the leading small-cap funds, its performance reflects investor sentiment and market trends, shaping the direction of small-cap stocks and influencing overall market dynamics.
Conclusion
In conclusion, the oldest and largest small-cap closed-end fund offers investors a unique opportunity to access the small- and micro-cap market with the expertise of a seasoned adviser. Its performance data and track record showcase the potential for attractive returns, making it a compelling choice for individual investors seeking exposure to this segment of the market.
