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Gabelli Utilities AAA Message Board

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  • mbacpasec mbacpasec Sep 21, 2011 7:39 PM Flag

    What is total ROC for a year?

    That is true about Closed and Open end funds.

    I worked for two mutual fund companies and ran some
    funds. No big deal..

    A sure way to get new money is to pay out a REALLY BIG
    yield. Like Ants and Sugar. I found this fund on a simple
    Screen for funds and High Yields at Schwab.com.

    All the other (10 or so) high yielding funds got a high
    yield due to the Normal December Payout of Capital Gains,
    not a monthly Return of Capital.

    There are over 8000 funds in the USA. I can say that
    of the no load funds at Schwab with a high yield this
    is the only one that does it with Return of Capital.

    It is amazing the SEC lets them do this. It is different
    but I guess legal. My CPA would argue that you want the
    money working for you all year, and then get the capital
    gain at year end. Maybe some day we will get a Capital Gain
    also. Unlikely in this economy.

    I bought some more today and my best friend bought at
    seven figure some so we love it.

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