Herzfeld Caribbean Basin:CUBA

    Manage Alerts

    Overview

    As of 2/23/2024. NAV as of 2/22/2024.

     Share
    Price
    NAVPremium/
    Discount
    Current$2.62$3.32-20.78%
    52 Wk Avg$3.37$4.47-24.52%
    52 Wk High$4.14$5.24-9.29%
    52 Wk Low$2.25$3.25-52.33%
    Regular Distribution TypeIncome Only
    Distribution Rate20.59%
    Distribution Amount$0.1354
    Distribution FrequencyQuarterly
    Past performance is no guarantee of future results.

    Basic Information

    Investment Objective

    The Fund’s investment objective is to obtain long-term capital appreciation. The Fund pursues its objective by investing primarily in equity and equity-linked securities of public and private companies, including U.S.-based companies, (i) whose securities are traded principally on a stock exchange in a Caribbean Basin Country or (ii) that have at least 50% of the value of their assets in a Caribbean Basin Country or (iii) that derive at least 50% of their total revenue from operations in a Caribbean Basin Country. The Fund invests at least 80% of its total assets in equity and equity-linked securities of Caribbean Basin Countries.

    Capital Structure

    As of 2/23/2024

    Total Investment Exposure:$53.620M
    Total Common Assets:$53.620M
    Common Shares Outstanding:16,150,673
    Annual Expense Ratios

    As of 6/30/2023

      Per Common Share
    Management Fees1.45%
    Other Expenses:1.90%
    Baseline Expense: N/A
    Interest Expense:N/A
    Total: 3.35%
    Fund Management

    Fund Sponsor
    Herzfeld

    Portfolio Managers
    Erik M. Herzfeld, Ryan Paylor, Thomas J. Herzfeld

    Basics
    Category: Equity-U.S. Equity
    Ticker: CUBA
    NAV Ticker: XCUBAX
    Average Daily Volume (shares): 42,123
    Average Daily Volume (USD): $0.126M
    Inception Date: 5/20/1994
    Inception Share Price: $5.20
    Inception NAV: $5.00
    Tender Offer: No
    Term: No
    Fiscal Year End: June 30
    Third Party Links & Reports

    Distributions

    As of 2/23/2024

    Past performance is no guarantee of future results.
    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.

    Declared Date Payable Date Ex Date Distrib Amount Income Long Gain Short Gain ROC

    *Indicates a Special Distribution: A distribution disbursed in addition to the normal distributions paid out by the company.

    Key Information Regarding Distributions
    Avg. Earnings Per Share:
    As of 6/30/2023
    -$0.0137
    Annualized Distribution Rate on NAV:
    As of 2/23/2024
    16.31%
    Total Return on NAV (12 months):
    As of 2/23/2024
    -26.61%
    Total % Portfolio Effectively Leveraged:
    As of 2/23/2024
    0.00%

    Pricing Information

    Premium/Discount Information
    Past performance is no guarantee of future results.
    Premium/Discount Information

    As of 2/23/2024

    PeriodAvg Discount
    6 Month-29.51%
    1 Year-24.52%
    3 Year-17.92%
    5 Year-18.12%
    Z-Score

    As of 2/23/2024

    PeriodZStat
    3 Month0.62
    6 Month0.80
    1 Year0.40
    Pricing History
    Date NAV Premium / Discount

    Performance

    Calendar Year Total Returns

    As of 1/31/2024
    Category: Morningstar US CEF US Equity

    Past 20 Years

    Return YearPriceNAVCategory - PriceCategory - NAV
    YTD-2.88%-5.16%0.93%0.30%
    2023-13.59%-14.45%15.59%17.84%
    2022-20.27%-19.08%-20.28%-16.72%
    202124.46%19.91%31.33%22.95%
    2020-5.10%-6.64%8.80%9.76%
    201947.27%29.73%32.25%27.32%
    2018-27.64%-18.66%-11.89%-10.13%
    20178.21%13.39%22.72%19.06%
    20163.61%19.43%13.79%12.38%
    2015-23.76%-14.98%-7.45%-6.29%
    201418.12%-8.05%24.05%7.38%
    201320.68%17.38%37.23%30.01%
    201222.16%24.27%16.19%14.79%
    2011-9.58%-7.83%  
    201011.68%18.58%  
    200952.86%36.78%  
    2008-45.05%-38.50%  
    2007-34.28%14.43%  
    2006115.34%16.47%  
    200535.24%13.75%  
    200426.32%34.42%  
    Past performance is no guarantee of future results.
    Annualized Total Returns

    Returns for periods less than one year are cumulative rather than annualized

    As of 1/31/2024
    Category: Morningstar US CEF US Equity

    Past performance is no guarantee of future results.

    Portfolio Characteristics

    Portfolio Characteristics
    Number of Holdings:
    As of 3/31/2023
    43
    Annual Portfolio Turnover:
    As of 6/30/2023
    7.00%
    Asset Allocation

    As of 3/31/2023

    Top Sectors

    As of 3/31/2023

    Sector%Portfolio
    Cyclical (Super Sector)44.31%
    Sensitive (Super Sector)31.66%
    Industrials28.27%
    Defensive (Super Sector)23.78%
    Consumer Cyclical20.25%
    Financial Services14.19%
    Utilities12.85%
    Consumer Defensive10.92%
    Basic Materials9.86%
    Technology1.79%
    Top Holdings

    Country Allocation

    As of 3/31/2023

    Country% Portfolio
    United States - Equity62.94%
    Mexico - Equity22.32%
    Others - Equity13.42%
    Canada - Equity1.00%
    United Kingdom - Equity0.05%

    Closed-end fund historical distribution sources have included net investment income, realized gains, and return of capital. For more detailed information on the distributions of a specific fund, please visit the sponsor's website.

    NOTES:

    Distribution type sourced from Morningstar. For specific information about a fund's distribution sources, visit the fund sponsor's website.

    The following information applies to closed-end funds in general: 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. There can be no assurance that fund objectives will be achieved. Closed-end funds frequently trade at a discount to their net asset value. NAV returns are net of fund expenses, and assume reinvestment of distributions.

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