Every material Form 8-K TAIWAN FUND INC has filed with the SEC since April 29, 2019, read and summarized by AI: what happened, the key figures, whether it reads positive or negative for shareholders, and how big a deal it is (impact 1-5). Newest first; each brief links to its own page and to the filing on SEC.gov.
The Taiwan Fund released its May 2019 monthly performance review, prepared by its investment adviser, JF International Management. As of May 31, 2019, net asset value was $18.41 per share and the market price was $15.99, a discount of 13.15%. The filing says the decline reflected US-China trade tensions, and that the Fund underperformed the TAIEX by 3.5% in May.
As of 05/31/19, NAV per share was $18.41 and market price was $15.99, a premium/discount of -13.15%.
One-month return in US dollar terms was -9.9% for the Fund, versus -6.4% for the TAIEX Total Return Index.
The adviser cited poor results at Yeong Guan Energy Technology and Largan Precision and US-China trade tensions as main detractors.
Semiconductors were 38.9% of the Fund's holdings at 05/31/19; Taiwan Semiconductor Manufacturing was 22.9%.
The Taiwan Fund furnished its April 2019 monthly performance review, prepared by investment adviser JF International Management, under Regulation FD. As of April 30, 2019, net asset value was $20.44 per share and the market price was $18.08, a 11.55% discount, and the fund reported a 2.2% one-month return in US dollar terms, which the filing says trailed the TAIEX by 0.6%.
As of 04/30/19, net asset value per share was $20.44 and market price was $18.08, a premium/discount of -11.55%.
One-month return in US dollar terms was 2.2% for the fund, 0.9% for the market price, and 2.8% for the TAIEX Total Return Index.
Taiwan Semiconductor Manufacturing Co., Ltd. was the largest holding at 23.0% of fund assets; semiconductors totaled 39.0%.
Largan Precision Co., Ltd. was a key detractor in April due to weaker margins, according to the filing.
The Taiwan Fund, Inc. furnished its March 2019 monthly performance review under Regulation FD, with data as of March 31, 2019. The fund's net asset value was $20.00 per share against a market price of $17.91, and it returned 2.1% in March, underperforming its benchmark by 0.2%. The filing is informational, and the fund states no change to its core investment approach.
Net asset value per share was $20.00 and market price was $17.91 as of March 31, 2019, a discount of 10.45%.
The fund returned 2.1% in March versus 2.3% for the TAIEX Total Return Index, a 0.2% shortfall to benchmark.
Year-to-date return was 12.9% for the fund versus 9.1% for the TAIEX Total Return Index.
Semiconductors made up 39.2% of the fund, and Taiwan Semiconductor Manufacturing Co., Ltd. was its largest holding at 22.1%.
Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.
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