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| Fund profile |
Objective
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Portfolio manager(s)
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| The Fund's primary investment objective is to seek current income, with a secondary objective of capital appreciation. |
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Babak (Bob) Zenouzi (2007)
D. Tysen Nutt Jr. (2007)
Damon J. Andres (2007)
Edward A. Gray (2008)
Kevin P. Loome (2007)
Liu-Er Chen (2007)
Roger A. Early (2008)
Thomas H. Chow (2007)
Delaware Management Company
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Main investment strategies
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Delaware Enhanced Global Dividend and Income Fund (the "Fund") is a diversified, closed-end management investment company. The Fund's primary investment objective is to seek current income, with a secondary objective of capital appreciation. The Fund seeks to achieve these objectives by investing globally in dividend-paying or income-generating securities across multiple asset classes, including, but not limited to, equity securities of large, well-established companies, securities issued by real estate companies (including real estate investment trusts ("REITs") and real estate industry operating companies ("REOCs")), debt securities (such as government bonds, investment grade and high risk, high yield corporate bonds, and convertible bonds), and emerging market securities. The Fund will also utilize enhanced income strategies by engaging in dividend capture trading, option overwriting, realization of gains on the sale of securities, dividend growth and currency forwards.
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| Fund information as of 10/31/09 |
| Trading exchange |
New York Stock Exchange |
| Ticker symbol |
DEX |
| SEC yield |
5.33% |
| YTD distributions declared |
$1.13 |
| Expense ratio |
1.25% |
| Turnover ratio |
97.0% |
| Total net assets |
$152,771,774 |
| Inception date |
06/29/07 |
| Historic pricing |
| NAV date |
NAV |
Market price |
Premium/ Discount |
| 11/22/09 |
$12.03 |
$11.83 |
-1.66% |
| 11/21/09 |
$12.03 |
$11.83 |
-1.66% |
| 11/20/09 |
$12.03 |
$11.83 |
-1.66% |
| 11/19/09 |
$12.06 |
$11.85 |
-1.74% |
| 11/18/09 |
$12.16 |
$12.29 |
1.07% |
| 11/17/09 |
$12.17 |
$11.89 |
-2.3% |
| 11/16/09 |
$12.20 |
$11.80 |
-3.28% |
Funds that invest in REITs are subject to many of the same risks associated with direct real estate ownership and, as such, may be adversely affected by declines in real estate values, and general and local economic conditions. If the Fund invests in real estate investment trusts that hold fixed rate obligations, we would expect the value of those trusts to decrease if interest rates rise and increase if interest rates decline.
A rise/fall in the interest rates can have a significant impact on bond prices and the NAV (net asset value) of the fund. Funds that invest in bonds can lose their value as interest rates rise and an investor can lose principal.
Investing in emerging markets can be riskier than investing in well-established foreign markets.
Foreign investments are subject to risks not ordinarily associated with domestic investments such as currency, economic, and political risks, and different accounting standards.
High-yielding, non-investment grade bonds (junk bonds) involve higher risk than investment grade bonds. Adverse conditions may affect the issuer's ability to pay interest and principal on these securities.
The information on this Web site is intended for U.S. residents only. The information provided does not constitute a solicitation of an offer to buy, or an offer to sell securities in any jurisdiction to any person.
Performance results reflect past performance and are no guarantee of future results. Current yields may be higher or lower than performance quoted. The market value and net asset value (NAV) of a fund's shares will fluctuate with market conditions. Closed-end funds may trade at a premium to NAV but often trade at a discount.
Investment return, price, yields and NAV will fluctuate with changes in market conditions. At the time of sale, your shares may have a market price that is above or below net asset value, and may be worth more or less than your original investment. There is no assurance that a fund will meet its investment objective.
Some funds may utilize leveraging to seek to enhance the yield and net asset value of its common stock, through bank borrowings, issuance of short-term debt securities or shares of preferred stock, or a combination thereof. However, these objectives cannot be achieved in all interest rate environments. While leverage may result in a higher yield for the fund, the use of leverage involves risk, including the potential for higher volatility of the NAV, fluctuations of dividends and other distributions paid by the fund and the market price of the fund's common stock, among others. Certain funds may invest assets in securities of issuers domiciled outside the United States, including issuers from emerging markets. Foreign investing involves special risks, including foreign currency risk and the possibility of substantial volatility due to adverse political, economic or other developments.
Some Delaware Investments funds make distributions of ordinary income and capital gains at calendar year end. Those distributions temporarily cause extraordinarily high yields. There is no assurance that a fund will repeat that yield in the future. Subsequent monthly distributions that do not include ordinary income or capital gains in the form of dividends will likely be lower.
Note that all dividend and yield data is based on the current month's distributions.
Net asset value (NAV) is total assets less total liabilities divided by the number of shares outstanding.
Premium/Discount is the amount by which the market price trades above or below the NAV.
Yield on stock price is calculated by dividing the most recent rate at which the Fund distributed dividend and interest income by the Fund's current stock price and annualizing the results.
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