EPSIsrar, that's where people make big mistakes with these split funds and other funds.
Their NAV, EPS etc is worked out by combining the positive and negative numbers of each investment vehicle within the fun.
If the overall EPS is negative, that doesn't bode well for the fund.
If the overall NAV is very high, that doesn't bode well for the fund.
This is especially true for SPLIT FUNDS, such as BK/FTN etc and others, such as EIT where their content is based on one type of investment vehicle.
BK is all about banks. When the banks aren't doing well, BK and other similar funds don't do well.
It was only a couple of years ago that the price of this split was in the mid $4 range. For those that bought in previously in the $10 range, all of their distributions were wiped out as was a lot of their capital investment
Preserving capital is the #1 Golden Rule of investing.