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Alpine Total Dynamic Dividend:AOD
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For registered users only
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PRINTABLE VIEW
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As of 5/17/2013
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Price | NAV | Premium/
Discount |
| Current | $4.27 | $4.92 | -13.21% |
| 52 Wk Avg | $4.19 | $4.65 | -9.87% |
| 52 Wk High | $4.57 | $4.92 | -5.49% |
| 52 Wk Low | $3.87 | $4.40 | -14.97% |
| Distribution Rate | 7.59% |
| Distribution Amount | $0.0270 |
| Distribution Frequency | Monthly |
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Investment Objective |
| The Fund seeks high current income and capital appreciation through investment in global equity securities |
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Capital Structure |
| (As of 5/17/2013) |
| Total Net Assets: | $1,138.971M |
| Total Common Assets: | $1,087.470M |
| Common Shares Outstanding: | 221,030,493 |
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Leverage |
| (As of 10/31/2012) |
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| $52.000M |
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| $52.000M |
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| 4.81% |
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| $52.000M |
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| 4.81% |
| Preferred Share Rates |
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Annual Expense Ratios |
| (As of 10/31/2012) |
| Management Fees | 1.07% |
| Other Expenses: | 0.16% |
| Baseline Expense: | 1.23% |
| Interest Expense: | 0.04% |
| Total: | 1.27% |
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| Preferred Shareholder Distributions: | 0.00% |
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Basics |
| CUSIP: | ***** |
| Category: | Non-US/Other-Global Equity Dividend |
| Fund Sponsor: | Alpine Woods Capital Investors, LLC |
| Portfolio Managers: | Jill Kaufman Evans (25 Jan 2007) |
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| Ticker: | AOD |
| NAV Ticker: | XAODX |
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| Average Daily Volume (shares): |
1,320,000
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| Average Daily Volume (USD): | $5.481M |
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| Inception Date: | 1/26/2007 |
| Inception Share Price: | $20.00 |
| Inception NAV: | $19.07 |
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| Tender Offer: | Yes |
| Term: | No |
| Fiscal Year End: | October 31 |
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Third Party Links & Reports |
| SEC Filings |
| Intraday Pricing and News |
| Fund Sponsor Website |
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Distribution History |
| Enter declared start and end dates to display distribution history below. Income, Long Gain, Short Gain and ROC breakdowns will only be shown for the past year.
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Declared
Date | Payable
Date | Ex
Date | Distrib
Amount | Income | Long
Gain | Short
Gain |
ROC
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| 4/18/2013 | 5/31/2013 | 5/21/2013 | $0.0270 | $0.0211 | 0 | 0 | $0.0059 |
| 3/18/2013 | 4/30/2013 | 4/19/2013 | $0.0270 | $0.0211 | 0 | 0 | $0.0059 |
| 2/19/2013 | 3/28/2013 | 3/19/2013 | $0.0270 | $0.0211 | 0 | 0 | $0.0059 |
| 1/18/2013 | 2/28/2013 | 2/19/2013 | $0.0270 | $0.0188 | 0 | 0 | $0.0082 |
| 12/19/2012 | 1/31/2013 | 1/22/2013 | $0.0550 | $0.0379 | 0 | 0 | $0.0171 |
| 9/19/2012 | 10/31/2012 | 10/22/2012 | $0.0550 | $0.0550 | 0 | 0 | |
| 9/19/2012 | 11/30/2012 | 11/20/2012 | $0.0550 | $0.0550 | 0 | 0 | |
| 9/19/2012 | 12/31/2012 | 12/19/2012 | $0.0550 | $0.0550 | 0 | 0 | |
| 6/20/2012 | 7/31/2012 | 7/20/2012 | $0.0550 | $0.0550 | 0 | 0 | |
| 6/20/2012 | 8/31/2012 | 8/22/2012 | $0.0550 | $0.0550 | 0 | 0 | |
| 6/20/2012 | 9/28/2012 | 9/19/2012 | $0.0550 | $0.0550 | 0 | 0 | |
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Key Information Regarding Distributions |
Avg. Earnings Per Share:
(As of 10/31/2012) |
$0.0515
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Annualized Distribution Rate on NAV:
(As of 5/17/2013) | 6.57% |
Total Return on NAV (12 months):
(As of 5/17/2013) | 22.13% |
(As of 10/31/2012) |
$0.0664
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(As of 5/17/2013)
| 4.81% |
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Portfolio Characteristics |
| Number of Holdings (As of 1/31/2013): | 104 |
| Annual Portfolio Turnover (As of 10/31/2013): | 310.00% |
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Top Holdings |
| As of 1/31/2013 reported by fund sponsor |
| Holding | Value | %Portfolio |
| Apple, Inc. | $21.31M | 1.98% |
| Nestle SA | $21.10M | 1.96% |
| Vodafone Group PLC ADR | $20.83M | 1.94% |
| Qualcomm, Inc. | $20.12M | 1.87% |
| Seadrill Ltd | $18.29M | 1.70% |
| Novartis AG ADR | $17.67M | 1.64% |
| HollyFrontier Corp | $16.61M | 1.54% |
| Avago Technologies Ltd | $16.24M | 1.51% |
| Amcor Limited | $15.96M | 1.49% |
| Canadian Pacific Railway Ltd | $15.74M | 1.46% |
| International Business Machines Corp | $15.43M | 1.44% |
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Top Sectors |
| As of 1/31/2013 reported by fund sponsor |
| Sector | %Portfolio |
| Financials | 19.63% |
| Consumer Staples | 14.36% |
| Industrials | 11.43% |
| Energy | 10.89% |
| Information Technology | 10.84% |
| Consumer Discretionary | 10.82% |
| Health Care | 10.24% |
| Materials | 4.49% |
| Utilities | 4.15% |
| Telecommunication Service | 3.15% |
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Asset Allocation |
| As of 1/31/2013 reported by fund sponsor |
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Country Allocation |
| As of 1/31/2013 reported by fund sponsor |
| Country | %Portfolio |
| USA | 49.81% |
| UK | 12.68% |
| Switzerland | 7.72% |
| Japan | 3.20% |
| Brazil | 3.02% |
| Norway | 2.98% |
| Australia | 2.80% |
| Singapore | 2.72% |
| Canada | 2.58% |
| Ireland | 2.56% |
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Fund shares are not guaranteed or endorsed by any bank or other insured depository institution, and are not federally insured by the Federal Deposit Insurance Corporation. Shares of closed-end funds are subject to investment risks, including the possible loss of principal invested. Past performance is no guarantee of future results.
The risks outlined below do not include all the risks pertaining to an investment in this fund. For more detailed information, please contact the Fund Sponsor.
Price Risk refers to the fact that shares of closed-end investment companies like the fund have during some periods traded at prices higher than net asset value and have during other periods traded at prices lower than net asset value. The fund cannot predict whether the common shares will trade at, above or below net asset value.
Investment and Market Risk An investment in the fund's common shares is subject to investment risk, including the possible loss of the entire principal amount that you invest. Your investment in common shares represents an indirect investment in the securities owned by the fund, most of which are traded on a national securities exchange or in the over-the-counter markets. The value of these securities, like other market investments, may move up or down, sometimes rapidly and unpredictably. Your common shares at any point in time may be worth less than your original investment, even after considering the reinvestment of fund dividends and distributions. Closed-end funds also carry price risk, or the risk that shares may trade at prices different from their net asset values.
Credit risk The risk that a security in the fund's portfolio will decline in price, or fail to make dividend or interest payments when due, because the security's issuer defaults or experiences a decline in its financial status. Securities falling lower in a company's capital structure and/or unrated securities and securities with lower credit ratings are expected to have higher credit risk. See subordination.
Leverage Risk The fund's use of leverage creates the possibility of higher volatility for the fund's per share NAV, market price, and distributions. Leverage risk can be introduced through structural leverage (issuing preferred shares or debt borrowings at the fund level) or through certain derivative investments held in the fund's portfolio. Leverage typically magnifies the total return of a fund's portfolio, whether that return is positive or negative. The use of leverage creates an opportunity for increased common share net income, but there is no assurance that a fund's leveraging strategy will be successful.
Non-Diversification and Concentration Risk A fund classified as "non-diversified" under the Investment Company Act of 1940 can invest a greater portion of its assets in obligations of a single issuer than a "diversified" fund. The risk is that a non-diversified fund or one with a portfolio concentrated in a particular industry or geographical region may be affected disproportionately by the performance of a single security or relatively few securities as a result of adverse economic, regulatory, or market occurrences.
Non-U.S. Securities Risk Investments in securities of non-U.S. issuers involve special risks not typically associated with domestic investments including:
(i) less publicly available information about non-U.S. issuers or markets due to less rigorous disclosure or accounting standards or regulatory practices;
(ii) smaller, less liquid and more volatile markets, meaning that an adviser may not be able to sell the fund's portfolio securities at times, in amounts and at prices it considers reasonable;
(iii) potential adverse effects of fluctuations in currency exchange rates or controls on the value of the fund's investments;
(iv) the economies of non-U.S. countries may grow at slower rates than expected or may experience a downturn or recession;
(v) the security issuer's willingness or ability to repay principal and interest due in a timely manner;
(vi) the impact of adverse economic, political, social or diplomatic events;
(vii) possible seizure, expropriation or nationalization of the company or its assets;
(viii) certain non-U.S. countries may impose restrictions on the ability of non-U.S. issuers to make payments of principal and/or interest to investors located outside the U.S., due to blockage of foreign currency exchanges or otherwise; and
(ix) withholding and other non-U.S. taxes may not be available for pass-through to the fund's shareholders as a deduction from taxable income or as a credit against their U.S. federal income tax liability.
These risks are more pronounced to the extent that the fund invests a significant amount of its assets in companies located in one region. Unanticipated economic, political and social developments may also affect the values of the fund's investments and the fund's availability to make additional investments in such countries.
All of these risks are usually much greater in emerging markets countries. Investments in emerging markets may be considered speculative, due to the higher possibility of hyperinflation, currency devaluations, lower trading volumes, and less liquidity.
NOTES
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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