I used to agree with you "best managed", but whoever decided to buy Treasuries was frankly an idiot. The Fed pumping money into the economy had to result in higher interest rates. Did that buyer really think the long term rates were going to go down?? Even if that purchase were to hold even (no change in rates) it only paid ~ 3% in a fund paying out ~*%. I got out at 17, but bought back in too early and am now underwater. The selling off (due to someone's bad treasury buy, $50mill...pretty bad) was overdone imo and we should get back to face value soon. Does anyone know who was responsible for the treasury buy? Is that guy still around? This fund had been one of my favorites for a lot of years, but it would be nice if management would explain how they won't be making any more $50 million fiascos.
Agreed relative to the .10/monthly dividend... (Will add more if it should break 13.72); but holding major acquisitions until after the earnings reports come in and adjustments are made accordingly... Doubt anyone can complain about AWF's management team, but S+P and DOW far too extended at current levels - (although I must admit amazement that it made it back to these levels at all !)...