on cefconnect, it gives the category of Annual Expense Ratio. Are these expenses factored into the dividend or are they separate and withdrawn from your account? If so, at the same time dividend is given?
Expenses like management fees are taken out of incomes before dividends. There is no hidden surprise. Fee comparisons are valid for making an investment decision and you're right to be concerned. The higher the fees the less is available for investors.
You can find the annual & semi-annual financial statements where expenses are detailed on the fund's web page. Follow the "Fund Sponsor Website" link on cefconnect.
Taxes versus Dividend Yield: Not an issue in CEF's but if you are screening for high dividend yield and select foreign companies then you're most likely seeing an inflated divided yield. That is, several foreign countries have a direct tax on dividends and that is not reflected in "Div Yield".
try2...Have been reading your postings for some time now. Am wondering if you are aware of any decent tax free muni bond funds. For some reason there doesn't seem to be much discussion about those investment vehicles.
Am in agreement with try2. I find it amazing that some funds can operate successfully and stay in the fee range of 1% to 1.5% while some need as much as 4% to operate on. Just goes to show that greed is everywhere. The fee is definitely something to watch for when considering buying any fund. Good luck with your search.