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Boulder Closed-End Funds

June 27, 2009 | About:
The Boulder Funds

As of June 26, 2009

.................................................NAV ..........Market Price .......... (Discount)

Boulder Total Return Fund ........ $12.15 ............ $9.25 ................. (23.9)%

Boulder Growth & Income Fund .. $5.76 ............. $4.45 ................. (22.7)%



Boulder Total Return Fund largest 20 Holdings [as of February 28, 2009].

Berkshire A & B represented almost 40% of total equity value.


They are subject to change depending on subsequent purchases and sales of securities. Holdings will be updated as of the end of each fiscal quarter and published on this webpage no sooner than 60 days after quarter end.



ISSUE ................................................Shares ..................................% of Assets


1 Berkshire Hathaway Inc., Class A .......... 690 ...................................... 27.72%

2 Yum! Brands Inc ............................1,085,000 ...................................14.57%

3 Berkshire Hathaway Inc., Class B.......... 9,200 ......................................12.06%

4 Wal-Mart Stores Inc .........................370,000 ......................................9.31%

5 United States T-Bill due 04/29/09 ....11,100,000................................... 5.67%

6 Eaton Corp .....................................150,500 ..................................... 2.78%

7 Cheung Kong Holdings .................... 515,000 .......................................2.17%

8 Walgreen Co ..................................177,000 ...................................... 2.16%

9 Claymore Preferred Securities Inc...... 549,200 ...................................... 1.84%

10 Burlington Northern Santa Fe .......... 60,000 .......................................1.80%

11 Diageo PLC ....................................75,000 .......................................1.78%

12 Duff & Phelps Util. T7........................ 120 .........................................1.50%

13 First American Corp ........................120,000 ......................................1.42%

14 Johnson & Johnson ........................ 52,000 ...................................... 1.33%

15 Heineken NV ................................. 95,117 ...................................... 1.31%

16 Kiwi Income Property ................... 4,150,136 .................................... 1.05%

17 Cohen&Steers REIT T7 ...................... 81 .......................................... 1.01%

18 Midland Holdings Ltd .....................6,156,000 ..................................... 0.85%

19 Constellation Energy ....................... 80,000 ........................................ 0.81%

20 Home Depot Inc ............................ 72,500 ........................................ 0.77%


Total Common Stocks ................. $ 188,576,659

Cash and Short-Term Maturities .......... $1,277,518

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About the author:

Dr. Paul Price
http://www.RealMoneyPro.com
http://www.TalkMarkets.com
http://www.MutualFunds.com

Visit Dr. Paul Price's Website


Rating: 2.9/5 (10 votes)

Comments

tkervin
Tkervin - 5 years ago
Big Berkshire holdings. Nice discount. This post reminds me that it has been some time since I have researched closed end funds. This will be a nice weekend project. Thanks Doc.
traderashish
Traderashish - 5 years ago
To pay some one 2.2 % to hold Berkshire for me, not sure?
Dr. Paul Price
Dr. Paul Price premium member - 5 years ago
The 23% discount to NAV more than makes up for the slightly higher than typical expense ratios.

Another shareholder benefit is the tax-sheltering effect you will get by buying now- after the fund has taken large realized losses. They can make equally large capital gains without shareholders incurring capital gains taxes until the old losses are offset fully.
tkervin
Tkervin - 5 years ago
The advantages and disadvantages of closed end funds.

http://www.boulderfunds.net/Closed%20End%20Funds.htm
valuefan
Valuefan premium member - 5 years ago
My favorite closed end funds now - USA GDL, both low fees, nice discount, and good mgrs.
Dr. Paul Price
Dr. Paul Price premium member - 5 years ago
As of July 2, 2009

..................................................NAV ............ Market Price ......... (Discount)

Boulder Total Return Fund ......... $12.33 ............... $9.45 ................ (23.4)%

Boulder Growth & Income Fund .... $5.80 ............... $4.50 ................ (22.4)%

Both funds saw slightly higher NAV's in the week ended July 2.

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