Special Opportunities:SPE

    Manage Alerts

    Overview

    As of 2/23/2024. NAV as of 2/16/2024.

     Share
    Price
    NAVPremium/
    Discount
    Current$12.27$14.52-15.84%
    52 Wk Avg$11.27$13.52-16.69%
    52 Wk High$12.33$14.52-13.23%
    52 Wk Low$10.26$12.44-19.97%
    Regular Distribution TypeIncome Only
    Distribution Rate9.37%
    Distribution Amount$0.0954
    Distribution FrequencyMonthly
    Past performance is no guarantee of future results.

    Basic Information

    Investment Objective

    The Fund investment objective is total return. To achieve the objective, the Fund invests primarily in securities the Adviser believes have opportunities for appreciation.The Fund intends its investment portfolio, under normal market conditions, to consist principally of investments in other closed-end investment companies and the securities of large, mid and small-capitalization companies, including potentially direct and indirect investments in the securities of foreign companies.

    Capital Structure

    As of 2/23/2024

    Total Investment Exposure:$223.364M
    Total Common Assets:$165.316M
    Common Shares Outstanding:11,385,412
    Leverage

    As of 2/22/2024

    Preferred Share Assets:
    Total Debt (USD): $58.047M
    Regulatory Leverage (USD): $58.047M
    Effective Leverage (USD): $58.047M
    Effective Leverage (%): 25.99%
    Annual Expense Ratios

    As of 12/31/2023

      Per Common Share
    Management Fees1.32%
    Other Expenses:0.57%
    Baseline Expense: N/A
    Interest Expense:N/A
    Total: 1.89%
    Fund Management

    Fund Sponsor
    Bulldog Investors, LLC

    Portfolio Managers
    Andrew Dakos, Rajeev Das, Phillip Goldstein

    Basics
    Category: Equity-U.S. Equity
    Ticker: SPE
    NAV Ticker: XSPEX
    Average Daily Volume (shares): 25,977
    Average Daily Volume (USD): $0.293M
    Inception Date: 6/8/1993
    Inception Share Price: $15.00
    Inception NAV: $15.00
    Tender Offer: No
    Term: No
    Fiscal Year End: December 31
    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
    $0.3343
    Annualized Distribution Rate on NAV:
    As of 2/23/2024
    7.88%
    Total Return on NAV (12 months):
    As of 2/23/2024
    12.47%
    Avg. Portfolio Coupon:
    As of 2/23/2024
    5.75%
    Total % Portfolio Effectively Leveraged:
    As of 2/23/2024
    25.99%

    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-16.92%
    1 Year-16.69%
    3 Year-12.55%
    5 Year-11.92%
    Z-Score

    As of 2/23/2024

    PeriodZStat
    3 Month0.87
    6 Month1.13
    1 Year0.88
    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
    YTD1.91%0.89%0.93%0.30%
    202314.13%18.83%15.59%17.84%
    2022-18.32%-13.81%-20.28%-16.72%
    202124.49%14.78%31.33%22.95%
    20205.00%9.28%8.80%9.76%
    201933.88%24.50%32.25%27.32%
    2018-10.55%-9.18%-11.89%-10.13%
    201718.71%15.88%22.72%19.06%
    20169.51%8.43%13.79%12.38%
    2015-6.13%-3.68%-7.45%-6.29%
    2014-3.59%-1.41%24.05%7.38%
    201331.27%21.44%37.23%30.01%
    201212.04%15.35%16.19%14.79%
    20111.89%0.90%  
    20104.90%16.65%  
    200947.44%21.79%  
    2008-16.50%-12.30%  
    2007-0.31%0.56%  
    200610.69%5.56%  
    20052.37%3.68%  
    2004-0.25%3.77%  
    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
    Average Coupon:
    As of 2/16/2024
    5.75%
    Average Maturity:
    As of 12/31/2022
    8.27 yrs
    Number of Holdings:
    As of 12/31/2022
    185
    Annual Portfolio Turnover:
    As of 12/31/2023
    54.00%
    Asset Allocation

    As of 12/31/2022

    Top Sectors

    As of 12/31/2022

    Sector%Portfolio
    Cyclical (Super Sector)67.36%
    Financial Services58.46%
    Sensitive (Super Sector)25.69%
    Corporate (Super Sector)12.46%
    Energy10.92%
    Technology8.88%
    Defensive (Super Sector)8.55%
    Municipal (Super Sector)7.27%
    US Municipal Tax Advantaged7.24%
    Cash Equivalents (Super Sector)5.41%
    State Allocation

    As of 12/31/2022

    State% Portfolio
    California3.22%
    New York1.59%
    Puerto Rico0.21%
    Illinois0.07%
    Texas0.05%
    Pennsylvania0.05%
    Ohio0.04%
    Florida0.04%
    Wisonsin0.04%
    Massachusetts0.03%
    Top Holdings

    As of 12/31/2022

    HoldingValue% Portfolio
    SRH Total Return Fund$11.91M7.99%
    General American Investors$11.73M7.87%
    Texas Pacific Land Corp$10.31M6.92%
    CION Invt Corp Ordinary Shares$8.01M5.38%
    Central Securities Corporation$7.16M4.80%
    First Trust Dynamic Europe Equity Income$5.72M3.83%
    Taiwan Fund$5.17M3.47%
    Adams Diversified Equity Fund$4.69M3.14%
    Saba Capital Income & Opportunities Fund$4.51M3.02%
    Other Liability$-59.98M-40.23%
    Credit Quality

    As of 12/31/2022

    Maturity Breakdown

    As of 12/31/2022

    Country Allocation

    As of 12/31/2022

    Country% Portfolio
    United States - Equity90.40%
    United States - Fixed Income11.66%
    Taiwan - Equity2.88%
    Switzerland - Equity2.21%
    United Kingdom - Equity1.94%
    Others - Fixed Income1.58%
    Mexico - Equity1.22%
    Canada - Equity0.99%
    France - Equity0.92%
    Netherlands - Equity0.73%
    India - Fixed Income0.45%
    Indonesia - Fixed Income0.44%
    Germany - Equity0.43%
    Australia - Equity0.39%
    Brazil - Fixed Income0.37%
    Spain - Equity0.30%
    Colombia - Fixed Income0.22%
    Sweden - Equity0.21%
    Mexico - Fixed Income0.20%
    Japan - Fixed Income0.19%
    China - Equity0.17%
    Malaysia - Fixed Income0.16%
    China - Fixed Income0.16%
    Thailand - Fixed Income0.14%
    South Korea - Fixed Income0.14%
    Finland - Equity0.12%
    Italy - Equity0.11%
    Denmark - Equity0.11%
    United Kingdom - Fixed Income0.10%
    Japan - Equity0.09%
    Australia - Fixed Income0.09%
    Hungary - Fixed Income0.09%
    Austria - Equity0.08%
    Canada - Fixed Income0.08%
    South Korea - Equity0.07%
    Brazil - Equity0.07%
    Philippines - Fixed Income0.06%
    Germany - Fixed Income0.06%
    Hong Kong - Fixed Income0.05%
    Norway - Equity0.05%
    Ireland - Fixed Income0.05%
    Switzerland - Fixed Income0.05%
    Norway - Fixed Income0.05%
    Chile - Fixed Income0.04%
    Singapore - Fixed Income0.04%
    France - Fixed Income0.04%
    Netherlands - Fixed Income0.04%
    South Africa - Fixed Income0.03%
    New Zealand - Equity0.03%
    Peru - Fixed Income0.03%
    India - Equity0.03%
    Vietnam - Fixed Income0.03%
    Turkey - Fixed Income0.02%
    Finland - Fixed Income0.02%
    Singapore - Equity0.02%
    Pakistan - Fixed Income0.02%
    Others - Equity0.02%
    Portugal - Equity0.02%
    Belgium - Fixed Income0.02%
    Israel - Equity0.01%
    Argentina - Fixed Income0.01%
    Venezuela - Fixed Income0.01%
    Thailand - Equity0.01%
    Indonesia - Equity0.01%
    Hong Kong - Equity0.01%
    Israel - Fixed Income0.01%
    Spain - Fixed Income0.00%
    Czech Republic - Fixed Income0.00%
    Poland - Fixed Income0.00%
    Italy - Fixed Income0.00%
    Chile - Equity0.00%
    Taiwan - Fixed Income0.00%
    Turkey - Equity0.00%
    Austria - Fixed Income0.00%
    Peru - Equity0.00%
    Sweden - Fixed Income0.00%
    Denmark - Fixed Income0.00%
    Russia - Fixed Income0.00%
    Philippines - Equity0.00%
    Belgium - Equity0.00%

    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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