RE: RE: RE: RE: Still holding on Intellectual
again its hard to argue against your calculations, my only defense is that you are 4-6 months ahead of where I would be concerned enough to exit out of this fund. Like STQ.e, CGQ.e n.a.v. is dropping month after month. In August of 2011 STQ.e was boosting a n.a.v. of $8.77 today it is down to $7.84 and the fund price has followed n'sync. For some reason shareholders of STQ.e refuse to pay much of a premium over n.a.v. and the share price continues to reflect this. The portfolio holdings of these funds are almost identical.
CGQ.e n.a.v. was $5.64 Oct/11 $4.51 today a 20% drop. STQ.e n.a.v. dropped ~8% for the same period. This tells me that the management team is doing a better job with STQ.e. I will watch both funds, if the declines in n.a.v. is greater than the fixed 8.75¢ monthly dividend it may be time to get out sooner then my Jan/13 plan. If n.a.v. holds on either fund I plan to keep CGQ.e and maybe look at adding STQ.e to my portfolio. I still like the sectors that both funds hold moving forward into 2013.
Thank you for your input, you certainly have done your homework.