Tekla World Healthcare Fund: 12.9% Yield, 17% Discount, All-Time Low [Seeking Alpha]
abrdn World Healthcare Fund Shares of Beneficial Interest (THW)
US:NYSE Investor Relations:
teklacap.com/funds/thw
Company Research
Source: Seeking Alpha
Summary THW is selling at a -17.4% discount to NAV, vs. its three-year -6.76% average discount. The yield is 12.92%, with monthly distributions. It's at an all-time low, but its distributions are from return of capital. "May you live in interesting times." Well, maybe our times could be a little less interesting, eh? This virus/oil war double whammy is a bit over the top, as far as Mr. Market is concerned. It has sent many stocks and income vehicles down to new 52-week lows, and, in some cases, down to all-time lows. Such is the case with the Tekla World Healthcare Fund ( We covered another Tekla fund, the Tekla Healthcare Opportunities Fund ( THQ previous articles THW Investment Objective: Both funds use leverage of ~21%, and have similar expense ratios. THW has more holdings, 170 vs. THQ's 134, while THQ has a bigger asset base of $1.09B, vs. $568M for THW: Holdings: Four of the top 5 holdings of both funds are of the same for both funds: Johnson & Johnson ( JNJ MRK PFE UNH Novartis
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Sec Filings
- 4/12/24 - Form 4
- 3/22/24 - Form 3
- 2/29/24 - Form NPORT-P
- THW's page on the SEC website