It looks like the management fee is totally out of line with the results (numbers from their August 10Q

Total investment income (2009)$1,620 (2008) $2,081
Management fee (2009) $714 (2008) $1,022

from http://secfilings.nyse.com/files.php?sym...

Does anyone know who their auditor is? I can't find it in the 10K.

Still, at this discount, I will hold my small piece as just a part of my portfolio. Some of my other discounted funds are taking buy-back and partial liquidation steps to deliver stockholder value. This leaves them underpriced: HQH and DCS