Taiwan Fund: May NAV fell 9.9%, trailing the TAIEX's 6.4% decline
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.
Key points
- 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 filing
Written by AI on Nov 9, 2026, 8:51 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on June 20, 2019.
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.