I received cap gains and interest of 17.5% ROI for FY 2018 (all reinvested). Given how the rest of my investments did, I'm wondering how they did it? I've owned this fund for years, but this is one of the best. The manager, Dave Carlson, is excellent, but I think this maybe surpasses anything I've seen from him in the past few years.
Granted, when they pay out those gains each year the price drops significantly, but not always in lock step with the gains. So I'm not looking at market cap (which is down a bit for the year), just the gains.
I'm considering putting a little more in this Fund, but I guess I don't understand how this fund works... is it different from how a typical fund works? Thanks!
Granted, when they pay out those gains each year the price drops significantly, but not always in lock step with the gains. So I'm not looking at market cap (which is down a bit for the year), just the gains.
I'm considering putting a little more in this Fund, but I guess I don't understand how this fund works... is it different from how a typical fund works? Thanks!