I just found out by calling Barrons at (212) 583-2100 that there was dividends of $5.592 on 11/29/12. If you were a share holder on 11/28/12 your account will receive $5.592 per share today.
You're probably right about the LT gain. However, they didn't have this type (8%) sell-off last year or previous years to fund LT payouts. Looks like they might have mismanaged their payout funds.
I don't understand why there is a $5.23 drop in the NAV only to turn around and pay a $5.59 long term capital gain? Wouldn't a long term capital gain of just 36 cents suffice? It seems it would be better from a tax point of view.
I also figure this as distribution, but puzzled why there is no news or info about it. There have been two other distributions by Baron in November in the past.
Further research on this fund is encouraging. Long term track record is excellent. I feel pretty good about this doubling in the next 5 years. Although I am still not clear on why the recent short term sub par performance.
It seems that only the last six months have been sub market. Looking back further, this fund has beaten S&P consistantly. I plan to dig into why the slip lately, and will hold unless I find something I do not like.
My kids throwing darts at a Wall street Journal could do better then this. Your problem is you are listening to the people you hired. What happened to the risk taker you were, investing large in small caps. You might as well fire everyone and put your money in the S&P index. You guys collect big fees and return nothing. With all the capital you had you could have made a killing restructuring in 2009 instead you played it safe. I bailed a year back, couldn't stand the pain after years of being in your fund. Doing very well to say the least. You want growth stocks, how about CRM, CTXS and EGHT. You'll be lucky to be 3 billion dollar fund the way you are going. Time to clean house and get back in the game.
I have been tracking a portfolio of NTF mutual funds available through Etrade and comparing the results to a portfolio of Vanguard index funds on my blog wyliemoney.com
Here is my reason for picking this one for the Small Cap Growth Category:
Do any of you actually contribute to this fund on a regular basis in a non-retirement account?
The big swing is due to certain holdings doing well while Amerigroup and First Marblehead have dropped dramaically. I'm not sure why either have dropped so much. Amerigroup will have their earnings announcement on Tuesday and if positive it will help reverse the recent drop.