The fund's strong absolute and relative performance versus the TAIEX benchmark signals robust stock selection in Taiwan equities. The narrowing discount to NAV (15.18% vs 16.83%) suggests improving market sentiment. Monitor for potential share buyback or tender offer to further close the discount.
Price Chart
Executive Summary
The Taiwan Fund reported a massive NAV increase of $37.57 per share (47.36% total return) for the quarter ended May 31, 2026, driven by strong realized and unrealized gains on Taiwan equities. The fund's net assets more than doubled to $650.9M from $290.1M a year ago, though it recorded a net investment loss of $373,401 for the quarter.
Key Facts
- NAV per share rose to $116.90 from $79.33 in the prior quarter, a $37.57 increase.
- Total return based on NAV was 47.36% for the quarter, versus the TAIEX Total Return Index return of 26.12% (US$ terms).
- Total net assets surged to $650.9M from $290.1M year-over-year.
- Net realized gains on investments were $53.2M for the quarter; net unrealized appreciation increased by $155.6M.
- The fund reported a net investment loss of $373,401 for the quarter, compared to net investment income of $290,622 a year ago.
- Share price traded at $99.15, a 15.18% discount to NAV, versus a 16.83% discount in the prior quarter.
Financial Impact
NAV increased 47.4% in the quarter; total net assets more than doubled to $650.9M.
Risk Factors
- Net investment loss of $373,401 may pressure the fund's ability to maintain distributions without realizing gains.
- Concentration risk as a non-diversified fund focused solely on Taiwan equities.
- Discount to NAV remains elevated at 15.18%, indicating persistent market skepticism.
Market Snapshot
Documents Analyzed
This report is based on 1 press release from GlobeNewswire.
| Document | Accession Number |
|---|---|
| PRESS-RELEASE Data (Synthetic) | press-prn-302826830 |
US Market Status
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