Tag: fund analysis
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PTY vs. GOF: NAV Growth Outperforms Destructive Return of Capital
Understanding the Debate: NAV Growth vs. Return of Capital Investors often evaluate funds by traditional metrics such as yield, price per share, and total return. However, two subtler forces—net asset value (NAV) growth and return of capital (ROC)—can dramatically affect an investor’s realized performance over time. In comparing PTY and GOF, a closer look at…
