The Zweig Total Return Fund is a diversified closed-end investment fund trading on the New York Stock Exchange under the symbol ZTR. The fund commenced operations in 1988 and as of June 30, 2011, had total assets of slightly more than $ 547 million.
ZTR is a balanced fund seeking a high degree of safety. The fund is not afraid to time the market and balances its portfolio accordingly, with at present almost 32% being in short-term instruments.
The portfolio breakdown as of June 30, 3011, was as follows:
U.S. Government Securities - 53%
Common Stock - 38%
Foreign Government Bonds - 3%
Corporate Bonds - 2%
Exchange Traded Funds - 1%
Money Market Mutual Funds - 3%
Please note that included in U.S. government securities is 28.5% of the gross portfolio which is in Treasury Bills.
Even the equity portion of the portfolio is fairly conservative, with the bulk of its investment in large capitalization quality companies.
This is a nice investment for investors seeking a safe and secure return. It is well managed and sells for a little more than $ 3 a share.
In keeping with my general investment philosophy regarding closed end funds, i would only purchase when the discount from net asset value exceeded 12%. This has happened in the past and all you need do is sit and wait.