CEF Advisors

7204 Glen Forest Drive, Suite #105 Richmond, Virginia 23226 USA   ♦   Toll-Free: (800) 356-3508 / Local: (804) 288-2482    ♦   www.CEFadvisors.com   ♦   Contact@CEFadvisors.com

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Tekla World Healthcare Fund (THW)

Specialty Equity Funds - Healthcare/Biotech

Data as of Aug. 20, 2019
Current
Market Price $13.29 (- $0.09)
NAV (Aug. 20, 2019) $13.67 (- $0.05)
Premium / Discount -2.78% (-0.30%)
Fund Info
Inception June 26, 2015
Sponsor Tekla Capital Management
Website www.teklacap.com/thw.html
Phone 617-772-8500
NAV Symbol XTHWX
Objective: Current income and long-term capital appreciation through investment companies engaged in the health-care industry, including equity securities and debt securities.
Related Indexes
High Income Index
Equity Income Index
60/40 Balanced (w/ BDCs) Index
Tax-Sensitive Income Index
Discount CEF/BDC Index
All Sector Equity CEF Index
Alternative Income Index
Capital & Leverage
Outstanding Shares 30,222,301
Total Assets (Reported: March 31, 2019) $550M
Estimated Total Assets $531M
Net Assets $413M
Market Cap $402M
Purchases Turnover 43.96%
Sales Turnover 52.61%
Total Leverage 22.17%
Structural Leverage (out of total) 100.00%
Portfolio Leverage (out of total) 0.00%
Expense Ratio 2.51%
Non Lev Exp Ratio 1.57%
Rel Lev Cost 3.24%
Discount Data
Average Discount (3 Yr) -7.15%
Discount Low(3 Yr) -13.74%
Discount High(3 Yr) -1.89%
Discount Rel Range 92.46%
Comp Discount 4.66
Discount St Dev (1Yr) 2.08
Z-Stat
Z-Stat (6mo) 1.66
Z-Stat (1Yr) 2.22
Z-Stat (3Yr) 2.42
Comp Z-Stat (6mo) 2.03
Comp Z-Stat (3Yr) 2.69
Distribution Data
Market Yield 10.54%
Income Yield 0.00%
Lev Adj NAV Yield 8.39%
Distribution Frequency M
Current Distribution $0.117
Current Income $0.000
Ex-Date 8/19/19
Payable Date 8/30/19
Div Growth (3yr) 0.00%
Dividend Change % on
Expected Div 9/9/19
RoC (1yr) 73.01%
RoC (3yr) 42.83%
Tax Dividend Data 2018 2016 - 2018
Income 42.9% 39.4%
ST Gains 0% 0%
QDI 0% 0%
LT Gains 0% 40.0%
RoC 57.1% 20.6%
Volume & Liquidity
Average Daily $ (M) $1,799
Avg Volume 30 day 129,194
Avg Volume 90 day 135,380
Volume Trend -4.57%
Comp Volume Trend 0.67%
Correlation & Volatility
Price Correlation (1yr)
vs. S&P 500 (TR)
80.0%
Price Correlation (1yr)
vs. CEFA's 12 Major CEF Sectors Index
86.0%
Price Correlation (1yr)
vs. CEFA's Equity Income Index
89.0%
Most Correlated Peer (Mk Pr): THQ 93.0%
NAV - Price Correlation (30 d) 85.2%
NAV - Price Correlation (90 d) 53.3%
NAV - Price Correlation (1 Yr) 88.7%
Price St Dev (1Yr) 19.3%
NAV St Dev (1Yr) 15.6%
Earnings
Earnings / Share (3/31/19) $0.006
Earn Coverage 5.31%
Earnings Trend Down
UNII / Share (3/31/19) $-0.706
Rel UNII
UNII Trend Up
Performance
NAV Beta (2yr)
vs. S&P 500 (TR)
0.92
NAV Beta (2yr)
vs. CEFA's 12 Major CEF Sectors Index
1.81
NAV Beta (2yr)
vs. CEFA's Equity Income Index
1.12

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

The following information applies to closed-end funds and business development companies 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 (FDIC). Shares of closed-end funds (CEFs) and business development companies (BDCs) 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 and business development companies 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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