Total distribution rate is the last distribution on an annualized basis as a percentage of the last closing net asset value (NAV) for a closed-end fund.
The AFT fund primarily invests in senior secured loans. The fund pays an attractive 10.2% distribution that is fully funded by NII. However, an amortizing NAV suggests something is wrong with the fund ...
Net asset value, or NAV, represents the value of an investment fund and is calculated by adding the total value of the fund’s assets and subtracting its liabilities. Mutual funds and ETFs use NAV to ...
Adams Diversified Equity Fund (ADX) offers stability, a nearly century-long track record, and currently trades at a -9.3% discount to NAV. ADX has outperformed the S&P 500 over 1, 3, 5, and 10 years, ...
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