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Bruce Fund (BRUFX) Inception date: 3/20/1968 Capital gain in 2022: 58.7% This fund invests in domestic stocks and bonds, along with zero-coupon government bonds. It currently has about $505 million in assets, and its price declined 20% last year. With a current NAV of $520, an investor with 10 shares worth would have a capital gains bill of about $3,100 to then pay taxes on.
Per M*:
BRUFX had a loss of (8.76%) while the Category average was a loss of (14.96%).
NAV can be impacted by distributions. BRUFX distributed both LT gains and a dividend but $3100 on 10 shares? This article seems a bit off. More Like $1000 on 10 shares. Maybe the author is a ChatGPT 'bot?
Interestingly, the last time BRUFX had an NAV of $520 (aside from the COVID hiccup) was 2/4/2019. Yesterday its NAV was $520, but had you owed the fund over that time period you would have gained almost 35%. I personally own this fund in an HSA so I pay no taxes on these gains.
BRUFX, long term, has been berry berry good to me.
yogibearbull is exactly right - and the 'financial' writer made the same mistake consistently. And what was the editor doing? Surely a 'distribution' of "58.7%" should have led someone do to some fact checking.
Comments
BRUFX had a loss of (8.76%) while the Category average was a loss of (14.96%).
NAV can be impacted by distributions. BRUFX distributed both LT gains and a dividend but $3100 on 10 shares? This article seems a bit off. More Like $1000 on 10 shares. Maybe the author is a ChatGPT 'bot?
Interestingly, the last time BRUFX had an NAV of $520 (aside from the COVID hiccup) was 2/4/2019. Yesterday its NAV was $520, but had you owed the fund over that time period you would have gained almost 35%. I personally own this fund in an HSA so I pay no taxes on these gains.
BRUFX, long term, has been berry berry good to me.
WSJ website reports for 2022:
Income distrib. $13.09
CG. $58.66
Thanks for the heads-up.
Yes, over the longer-term, Bruce has served us very well.