The Taiwan Fund, Inc.

Frequently Asked Questions About TWN

What does TWN invest in?

The Taiwan Fund, Inc., a closed-end equity mutual fund, is overseen by JF International Management Inc. It primarily allocates capital to publicly traded stocks within Taiwan's markets, aiming to construct a portfolio diversified across various sectors. To build this portfolio, the fund engages in thorough fundamental analysis, evaluating numerous criteria. These criteria include a company's growth outlook, its competitive standing within its industry, technological advancements, research and development initiatives, operational efficiency, labor and raw material costs and sources, profit margins, return on investment, available capital resources, government regulations, and the quality of its management team. Its performance is measured against the TAIEX Total Return Index. The fund, which was established on December 23, 1986, is domiciled in the United States.

What is the expense ratio of TWN?

The Taiwan Fund, Inc. (TWN) charges an expense ratio of 1.32%. This is the annual fee deducted from fund assets to cover management and operations.

How big is TWN?

The Taiwan Fund, Inc. (TWN) manages $560.5M in total assets. AUM determines bid-ask liquidity and the fund's vulnerability to closure — funds below ~$50M are at higher risk of liquidation.

Is TWN actively managed or an index fund?

TWN's management style is described in the fund's prospectus. See the description on the Summary tab for the published strategy.

When was TWN launched?

The Taiwan Fund, Inc. (TWN) launched in December 1986 and is managed by the fund issuer.

How has TWN performed?

TWN's total return — price change plus reinvested distributions — is charted at the top of this page. Switch the price chart to Total Return and pick a 1-year, 3-year, 5-year, or 10-year window to read the compound annual growth rate (CAGR) over each horizon.