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Boulder Growth & Income Fund (BIF)
 Closed-End ETFs
Fund Quick Facts |
As of 07/10/2009 |
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| Closing NAV: |
$5.66 |
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Current Distribution Rate: |
-- |
| Closing Share Price: |
$4.44 |
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Premium/(Discount): |
-21.55% |
| 52 Week High-Low NAV: $7.34-$4.78 |
As of 06/30/2009 |
| 52 Week High-Low Share Price: $7.6300-$3.3100 |
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| Category: |
Growth & Income |
Inception Date: |
05/15/1981* |
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| Fund Sponsor: |
Boulder Investment Advisers |
Inception NAV: |
$8.01 |
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| Portfolio Manager: |
Stewart R. Horejsi |
Inception Share Price: |
$7.50 |
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Cusip Number: |
101507101 |
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| NYSE -symbol: |
BIF |
NASDAQ Symbol: |
-- |
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| *The actual inception date of this fund is 12/07/1972. Historical data, prior to the Inception Date listed above, is being sought for this fund. Please check back soon. |
The investment objective of the Fund is total return. The Fund seeks to produce both long term capital appreciation through investment in common stocks and high current income consistent with preservation of capital through investments in income producing securities. For long-term capital appreciation the Fund typically invest in US companies that have a proven track record of earnings and the prospect of increased future value through growth in revenues and profits. It anticipates a low turnover rate in its portfolio. The Fund invests more than 25% of its total assets in real estate investment trusts and other companies in the real estate industry.
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Share Price and NAV History |
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Premium/Discount History |
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| Payable Date |
Ex Date |
Distribution Amount |
Long Gain |
Short Gain |
| 10/31/2008 | 10/22/2008 | 0.1150 | 0 | 0 | | 09/30/2008 | 09/19/2008 | 0.1150 | 0 | 0 | | 08/29/2008 | 08/20/2008 | 0.1150 | 0 | 0 | | 07/31/2008 | 07/22/2008 | 0.1150 | 0 | 0 | | 06/30/2008 | 06/19/2008 | 0.1150 | 0 | 0 | | 05/30/2008 | 05/21/2008 | 0.1150 | 0 | 0 | | 04/30/2008 | 04/21/2008 | 0.1150 | 0 | 0 | | 03/31/2008 | 03/19/2008 | 0.1150 | 0 | 0 | | 02/29/2008 | 02/20/2008 | 0.1150 | 0 | 0 | | 01/31/2008 | 01/22/2008 | 0.1150 | 0 | 0 | | 12/31/2007 | 12/20/2007 | 0.1150 | 0 | 0 | | 11/30/2007 | 11/20/2007 | 0.1150 | 0 | 0 |
This data shows both historical and future distributions as reported by fund
sponsors to our data provider, Thomson Financial.
Distribution History Since Inception
Calendar Year Total Returns
As Of 06/30/2009
since inception
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Annualized Total Returns
As Of 06/30/2009
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| NAV |
NAV |
2000
-1.88% |
2001
7.02% |
2002
-33.99% |
2003
30.00% |
2004
15.70% |
1 Year |
3 Year |
5 Year |
10 Year |
since
inception |
2005
0.41% |
2006
26.44% |
2007
9.73% |
2008
-23.60% |
2009(YTD)
0.35% |
-15.77% |
-0.49% |
3.21% |
0.81% |
8.13% |
| Share Price |
Share Price |
2000
16.72% |
2001
-1.62% |
2002
-28.20% |
2003
43.54% |
2004
13.02% |
1 Year |
3 Year |
5 Year |
10 Year |
since
inception |
2005
-1.40% |
2006
50.54% |
2007
17.99% |
2008
-42.92% |
2009
-3.00% |
-33.99% |
-4.72% |
3.02% |
1.09% |
8.31% |
| Source: Thomson, as of 06/30/2009 |
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Sector and Holdings Summary |
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| As of 02/28/2009 |
| Holding |
Dollar Value |
% of Total Portfolio |
| Berkshire Hathaway Inc., Class A |
$36,628,000.00 |
23.82 |
| Wal-Mart Stores Inc |
$11,818,000.00 |
7.69 |
| Advent Claymore CVT W7 |
$5,586,000.00 |
3.63 |
| Ithan Creek Partners, L.P |
$5,027,000.00 |
3.27 |
| Constellation Energy |
$3,616,000.00 |
2.35 |
| Gabelli DVD & Inc B T7 |
$2,646,000.00 |
1.72 |
| Kiwi Income Property |
$2,058,000.00 |
1.34 |
| Great Plains Energy |
$2,031,000.00 |
1.32 |
| Eaton Corp |
$1,826,000.00 |
1.19 |
| Walgreen Co |
$1,646,000.00 |
1.07 |
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Quarterly Snapshot As of 06/30/2009 |
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Beta |
0.52 |
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P/Earnings |
-- |
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P/Book |
-- |
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Annual Turnover % |
24.00% |
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Semi Annual Fund Data |
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*Data is from latest annual/semi-annual report. |
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As of 11/30/2008 |
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Total Net Assets |
$200,336,000 |
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Common |
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Total Common Assets |
$175,336,000 |
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Shares Outstanding |
25,495,585 |
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Preferred |
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Total Preferred Share Assets |
$25,000,000 |
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Leveraged % |
12.48% |
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Rolling 3 Month Avg Rate |
-- |
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Shares Outstanding |
-- |
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Share Price |
-- |
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Monthly Fund Data |
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As of 06/30/2009 |
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Common |
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Net Asset Value Per Share |
$5.76 |
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Share Price |
$4.5200 |
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Premium/Discount |
-21.53% |
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Distribution Per Share
(As of 10/22/2008)
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$0.1150 |
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Current Distrib. Rate (on share price) |
-- |
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Average Daily Volume (shares) |
142,500 |
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Annual Expense Ratios |
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As of 11/30/2008 |
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BIF |
Common Shares |
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Management Fees |
2.11% |
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Other Expenses
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0.00% |
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Total |
2.11% |
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Past performance is no guarantee of future results. |
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Investing in Closed-End Funds involve certain risks such as those listed below. The risks involved in a particular CEF will depend on the securities held in that CEF, thus not all of the following risks will apply to each sponsor's fund: |
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| > | Market risk - General stock market fluctuations and volatile increases and decreases in value as market confidence in and perceptions of the issuers change. Investor perceptions can be based on various and unpredictable factors including expectations regarding government, economic, monetary and fiscal policies, inflation and interest rates, economic expansion or contraction, and political climates. The value of any security can rise or fall and when liquidated, may be worth more or less than the original investment. |
| > | Price Risk - Refers to the fact that shares of closed-end funds frequently trade at a discount from their net asset value. |
| > | Interest rate risk - The risk that a rise in interest rates will cause the value of an investment to decline. |
| > | Credit Risk - Refers to a bond issuer's ability to meet its obligation to make interest and principal payments, or a decline in the market's assessment of the issuer's ability to pay. Generally, lower rated securities provide higher current income but are considered to carry greater credit risk than higher rated securities. |
| > | Leverage Risk - The risk of higher share price volatility and that the cost to a fund of its leveraged capital, such as preferred stock or debt, will exceed the earnings on the related assets. |
| > | Lack of Diversification - A concentrated or sector fund may be subject to greater price volatility or adversely affected by the performance of the securities in that particular sector. In addition, it may be more susceptible to any single economic, political, or regulatory occurrence than the holdings of an investment company that is more broadly diversified. |
| > | Foreign Investment risk - Investing in foreign countries or securities may involve additional risks and considerations, including but not limited to, currency risk or the risk that a currency devaluation or exchange rate will result in the decline in the value of an investment; market risks; and unfavorable political developments that are not usually associated with investments in the U.S. |
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Footnotes
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1. Annualized total return is determined by subtracting the initial investments from the redeemable value of the investment at the end of the investment period, dividing the remainder by the initial investment and expressing the result as a percentage. For multiple years, 1 would be added to the results, this number could then be raised to the power of 1/years annualized - 1 to find the result of a multiple year annualized return. The calculation assumes that all income and capital gains distributions by the Fund have been reinvested at net asset value (share price) on the ex dates during the period.
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2. Country Diversification shows the percentage of the fund invested in a country based on total assets. A country is only listed if the investment in the country is more than 5% of the total assets.
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3. Credit Quality: * BBB and below includes bonds rated BBB, BB, B less than B and Not Rated.
** Other included funds were ratings are non-applicable.
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4. Distributions from this fund may be subject to state and local taxes, as well as to the alternative minimum tax. Capital gains, if any, will be subject to tax.
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