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The Taiwan Fund (TWN)

Non U.S. Equity Funds - Asian Equity Funds

Data as of Sept. 21, 2023
Market Price $29.14 (- $0.74)
NAV (Sept. 21, 2023) $37.27 (- $0.64)
Fund Listed NYSE
Premium / Discount -21.81% (-0.63%)
Fund Info
Inception Dec. 23, 1986
Sponsor Nomura Asset Management U.S.A. Inc.
Phone 877-864-5056
Location Massachusetts
Incorporated Delaware
Staggered Board No
Term Date N/A
Objective: Long-term capital appreciation; equity securities listed on the Taiwan Stock Exchange
Related Indexes
International Equity Index
Capital & Leverage
Outstanding Shares 7,460,281
Total Assets (Reported: Feb. 28, 2023) $241M
Estimated Total Assets $278M
Net Assets $278M
Market Cap $217M
Portfolio Turnover 34.00%
Total Leverage 0.00%
Structural Leverage (out of total) 0.00%
Portfolio Leverage (out of total) 0.00%
Expense Ratio 1.45%
Non Lev Exp Ratio 1.45%
Rel Lev Cost %
Discount Data
Average Discount (3 Yr) -16.53%
Discount Low(3 Yr) -22.87%
Discount High(3 Yr) -8.90%
Discount Rel Range (3 Yr) 7.58%
Comp Discount -6.85
Discount St Dev (1Yr) 1.79
Z-Stat (6mo) -1.65
Z-Stat (1Yr) -1.74
Z-Stat (3Yr) -2.22
Comp Z-Stat (6mo) -1.43
Comp Z-Stat (3Yr) -1.21
Distribution Data
Market Yield 0.00%
Income Yield 0.00%
Lev Adj NAV Yield 0.00%
Distribution Frequency A
Current Distribution $
Current Income $
Payable Date
Div Growth (3yr) %
Dividend Change % on
Expected Div 12/18/23
RoC (1yr) %
RoC (3yr) 0.00%
Volume & Liquidity
Average Daily $ (K) $459
Avg Volume 30 day 21,167
Avg Volume 90 day 15,742
Volume Trend 34.46%
Comp Volume Trend 42.43%
Correlation & Volatility
Price Correlation (1yr)
vs. S&P 500 (TR)
Price Correlation (1yr)
vs. CEFA's 12 Major CEF Sectors Index
Price Correlation (1yr)
vs. CEFA's International Equity Index
Most Correlated Peer (Mk Pr): KF 73.0%
NAV - Price Correlation (30 d) 89.5%
NAV - Price Correlation (90 d) 79.5%
NAV - Price Correlation (1 Yr) 98.9%
Price St Dev (1Yr) 21.4%
NAV St Dev (1Yr) 23.8%
Earnings / Share (5/31/23) $0.289
Earn Coverage %
Earnings Trend Down
UNII / Share (2/28/23) $-0.319
UNII Trend Up
NAV Beta (2yr)
vs. S&P 500 (TR)
NAV Beta (2yr)
vs. CEFA's 12 Major CEF Sectors Index
NAV Beta (2yr)
vs. CEFA's International Equity Index

DISCLOSURES: makes data for the universe of closed-end funds (CEFs) and business development companies (BDCs) available to its users. This material is not intended to be relied upon as investment advice or recommendations, does not constitute a solicitation to buy or sell securities and should not be considered specific legal, investment or tax advice. This site does not list all the risks associated with each fund. Investors should contact a fund’s sponsor for fund-specific risk information and/or contact a financial advisor before investing.

NOTES: Distribution type sourced from 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.

This material is presented for informational purposes only. Under no circumstances is it to be considered an offer to sell, or a solicitation to buy any investment referred to on this page. While the information contained herein is from sources believed reliable, we do not represent that it is accurate or complete and it should not be relied upon as such. Past performance is not necessarily indicative of future results. All investments involve risk including the loss of principal. Returns are presented gross of investment management fees and other appropriate fees (i.e. commissions, custodial fees, etc.).

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