But lowering dividend will never look good for FKINX's history as its high expense for getting into it should have prevented this from happening. Managers also should have lowered their own compensation packages to protect FKINX's traditional dividend rates. Hey FKINX, hurry up and bring up dividend rate and restore capital gain! Make yourself shine again! The Sector is watching!
and becomes a taxable event for those who have the fund in a taxable account. If you want to take a gain on your own shares, just sell some of those. In order to pay you a cap gain, the fund MUST sell a profitable holding, and I don't really want them to do that.
The 4.25% load is high, although I figured it would take me a year to break even based on what I paid to get in in October 2012, but I'm almost there already. It's a well managed fund and a nice hedge against some more volatile plays I have established.