{"id":309,"date":"2021-08-17T18:16:16","date_gmt":"2021-08-17T18:16:16","guid":{"rendered":"https:\/\/ubsprfunds.com\/?page_id=309"},"modified":"2021-08-17T22:03:33","modified_gmt":"2021-08-17T22:03:33","slug":"performance","status":"publish","type":"page","link":"https:\/\/ubsprfunds.com\/es\/fund-iv\/performance\/","title":{"rendered":"Rendimiento del Fondo IV"},"content":{"rendered":"

\n\t\tTAX-FREE FIXED INCOME FUND IV FOR PUERTO RICO RESIDENTS\n\t<\/h2>\n

\n\t\tRENDIMIENTO DEL FONDO\n\t<\/h2>\n

\n\t\tUN HISTORIAL DE INGRESOS CONTINUOS\n\t<\/h2>\n\t

The Fund’s investment objective is to provide its shareholders with current income, as consistent with the preservation of capital. In fact, since inception the Fund has distributed $8.92 per share in cumulative dividends<\/strong> to its shareholders. \u00a0As of June 30, 2021, the Fund’s yield was 5.3%<\/strong>.<\/p>\n

Measured according to its investment objectives – cumulative dividends and preservation of net asset value (NAV)\u00a0– the Fund has delivered positive returns over the past one-, three- and five-year periods, as well as since inception.<\/p>\n

Aunque los rendimientos totales durante per\u00edodos de uno y tres a\u00f1os han sido afectados por la falta de liquidez para los fondos cerrados, inversionistas a largo plazo que no vendieron sus acciones en el Fondo no han tenido nigun impacto en el efectivo distribuido.<\/p>\n\t\t\t\t\"fund-4-returns-as-of\"\n

\n\t\tTHE BOARD’S OVERSIGHT OF THE FUND’S PERFORMANCE\n\t<\/h2>\n\t

The Fund performed strongly from inception until the market crash in 2013 and has performed positively since the end 2015, as it has continued to provide its shareholders with consistent monthly income. While the crash of the Puerto Rico municipal bond market affected all investors in these markets, under the Board’s leadership, the Fund continued to deliver monthly tax-advantaged income, conducting share repurchases to provide liquidity to selling shareholders while accreting value to those who held their investment.<\/p>\n

Con respeto a dividendos cumulativos y preservaci\u00f3n del NAV, el Fondo ha generado rendimientos positivos en los per\u00edodos m\u00e1s recientes de uno, tres y cinco a\u00f1os, as\u00ed como desde su creaci\u00f3n, a pesar de la ca\u00edda del mercado de bonos municipales de Puerto Rico<\/p>\n

\n\t\tTHE FUND’S Positive outlook\n\t<\/h2>\n\t

Today, the Board believes the outlook for the Fund is positive. As the Puerto Rico bond market emerges, both the income and liquidity of the Fund can be expected to improve. At the current Board’s direction, the Fund continues to work tirelessly to maximize shareholder returns, including proceeding with a registration with the U.S. Securities and Exchange Commission under the Investment Company Act of 1940, which may contribute to increased liquidity and reduced market discount to NAV, paving the way for further positive returns. The Board is keenly aware of the need for liquidity in the Fund shares and will continue to make achieving this a strategic priority.<\/p>","protected":false},"excerpt":{"rendered":"

TAX-FREE FIXED INCOME FUND IV FOR PUERTO RICO RESIDENTS FUND PERFORMANCE A TRACK RECORD OF CONSISTENT, TAX-ADVANTAGED INCOME The Fund’s investment objective is to provide its shareholders with current income, as consistent with the preservation of capital. In fact, since inception the Fund has distributed $8.92 per share in cumulative dividends to its shareholders. \u00a0As…<\/p>","protected":false},"author":5,"featured_media":0,"parent":287,"menu_order":0,"comment_status":"closed","ping_status":"closed","template":"","meta":{"footnotes":""},"class_list":["post-309","page","type-page","status-publish","hentry"],"_links":{"self":[{"href":"https:\/\/ubsprfunds.com\/es\/wp-json\/wp\/v2\/pages\/309","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/ubsprfunds.com\/es\/wp-json\/wp\/v2\/pages"}],"about":[{"href":"https:\/\/ubsprfunds.com\/es\/wp-json\/wp\/v2\/types\/page"}],"author":[{"embeddable":true,"href":"https:\/\/ubsprfunds.com\/es\/wp-json\/wp\/v2\/users\/5"}],"replies":[{"embeddable":true,"href":"https:\/\/ubsprfunds.com\/es\/wp-json\/wp\/v2\/comments?post=309"}],"version-history":[{"count":0,"href":"https:\/\/ubsprfunds.com\/es\/wp-json\/wp\/v2\/pages\/309\/revisions"}],"up":[{"embeddable":true,"href":"https:\/\/ubsprfunds.com\/es\/wp-json\/wp\/v2\/pages\/287"}],"wp:attachment":[{"href":"https:\/\/ubsprfunds.com\/es\/wp-json\/wp\/v2\/media?parent=309"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}