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Herzfeld Caribbean Basin Fund, Inc  as of 06/11/2021

OTC / CUBA Asset Class:  Emerging Markets Funds 1 YR Lipper Avg:  50.85%

Growth of $10K

Avg Annual Total Return %
  10 YR 5 YR 1 YR YTD
Market Return 4.46% 5.02% 74.81% 24.85%
Lipper Pct. Rank 63 82 25 13
NAV Return 4.58% 7.14% 62.64% 20.90%
Lipper Pct. Rank 67 80 34 20
Premium/Discount History

Premium/Discount
10 YR Avg 5 YR Avg YTD Avg
-9.183% -15.856% -15.990%

NAV $7.52 Market Price $6.38
Net Change $0.02 Market Change $0.02
Premium/Discount -15.16%
1 YR NAV Return 62.642%
1 YR NAV Rank 34
12-Mo Yield as of 4/30/2021 Yield Def
Income Only Yield 0.00%
Distribution Yield (Market) 2.43%
Most Recent Income Dividend $0.155
Ex-Div Date 12/17/2020
Most Recent Cap Gain Dividend $0.285
Ex-Div Date 12/19/2019
Dividend Frequency Annually
YTD Dividends --
YTD Capital Gains --
Inception Date 9/10/1993
Fund Advisor Thomas J Herzfeld Advisors Inc
Manager & Tenure Herzfeld since 1993
Herzfeld since 2008
Paylor since 2018
Phone 800-854-3863
Website www.herzfeld.com
Total Net Assets (mil) as of 5/31/2021 $43.7
% Leveraged Assets as of 6/30/2020 --
Portfolio Turnover 8.00%
Mgmt Fees 1.438%
Expense Ratio 3.100%
Fund Objective
The Fund seeks long-term capital appreciation. The Fund normally invests at least 80% of its total assets in a broad range of securities of issuers, including U.S.-based companies which engage in substantial trade with, and derive substantial revenue from, operations in the Caribbean Basin Countries.
Top Holdings (as of 12/31/2020)
MasTec Inc ORD 15.92%
Popular Inc ORD 8.16%
First Bancorp ORD 7.00%
Royal Caribbean Cruises Ltd ORD 6.88%
Norwegian Cruise Line Holdings Ltd ORD 5.78%
Nextera Energy Inc ORD 4.85%
PGT Innovations Inc ORD 4.11%
Copa Holdings SA ORD 4.10%
New Fortress Energy Inc ORD 3.93%
Becle SAB de CV ORD 3.32%
Top Sectors (as of 12/31/2020)
Industrials 32.11%
Consumer Services 23.38%
Financials 20.17%
Consumer Goods 10.86%
Utilities 7.58%
Oil & Gas 3.93%
Telecommunications 0.90%
Basic Materials 0.04%

Closed-End Funds Mid-year Review 

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The views and opinions expressed in the replay are for informational and educational purposes only as of the date of production/writing and may change without notice at any time based on factors such as market conditions or legal and regulatory developments. This material may contain “forward-looking” information that is not purely historical in nature. Such information may include, among other things, projections, forecasts, estimates of market returns, and proposed or expected portfolio composition. Past performance is no guarantee of future results. Investing involves risk; principal loss is possible. This material is not intended to be a recommendation or investment advice, does not constitute a solicitation to buy, sell or hold a security or an investment strategy, and is not provided in a fiduciary capacity. Shares of closed-end funds are subject to investment risks, including the possible loss of principal invested. Closed-end funds frequently trade at a discount to their net asset value (NAV).

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