Sallybabes, I've owned this fund off and on for a long time, reinvested dividends into share purchases., sold at a loss years ago (share price) but actually made money on the accumulation. I bought back in at $3.20 about 4 months ago, and just picked up my second dividend, so the fund is up about 8%, plus another 5% for 2 dividends. If you read the quarerly report a couple of weeks ago, you will see that the fund owns some really solid, great companies and is selling at around a 15 to 20 percent discount versus book value. I'm planning on buying another 2,000 shares by tomorrow and will probably hold off at that point and just sit on the shares for a long time. I'm only putting about 5% of my portfolio in ZF, but I think it will do very well unless the market crashes, and I really don't see that happening. I made about 35 percent in the last year on my portfolio, and would like to break 20% in the coming year, but it's getting harder to pick companies that are goin to do that well wihtout taking more risk than I'm willing to do.
Just wondered why you expect a decline after dividend payment, and if so, how much? I'm planning on buying another 2,000 shares in the next couple of days. I read the quarterly report and it looks like this is a well managed fund holding some very high quality companies and is trading well below book value.