# The Taiwan Fund, Inc. (TWN)

> Source: Nexqual · https://nexqual.com/TWN · data as of 2026-10-23 20:00 UTC · cite as "Nexqual, The Taiwan Fund, Inc. (TWN), nexqual.com/TWN" · informational, not investment advice.

**Price:** USD 91.31 (+0.48% on the day) · last close of Oct 23, 2026; US market closed, not a live price. Prev close 90.87 · day 89.1–93.81 · 52w 51.37–108.83 · market cap $524M · NYQ

## Key facts
- Insider open-market sales, last ~7 months: 1 Form 4 filings, $12K; 1 not under a Rule 10b5-1 plan ($12K); 0 by opportunistic insiders, 0 by routine insiders (three-year test, Cohen, Malloy & Pomorski 2012).
- Total return with dividends: 1Y +78.9% vs S&P 500 +13.4%; 5Y +270.8% vs S&P 500 +76.9%.

## Insider sales (SEC Form 4, open-market, last ~7 months)
0 of 1 under a Rule 10b5-1 trading plan (scheduled in advance). Unplanned sales were timed by the insider.
| Trade date | Insider | Role | Shares | Value | % of holdings sold | 10b5-1 plan | Insider type |
|---|---|---|---|---|---|---|---|
| 2026-05-19 | Rigger Shelley E | Director | 134 | $12K | 44.7% | No | Too little history (no open-market trades in 2023–2025) |
% of holdings sold = shares sold ÷ (shares sold + all holdings the insider reported on that Form 4, direct and through trusts).
Insider type follows Cohen, Malloy & Pomorski (Journal of Finance, 2012). An insider who traded the stock in the same calendar month in each of the past three years is a routine trader; one who traded in each of those years without such a pattern is an opportunistic trader. In their study, trades by opportunistic insiders predicted future returns and trades by routine insiders did not. Counts open-market purchases and sales only (SEC Form 4 codes P and S) by that insider in that company. Not investment advice.

## Total return (dividends reinvested)
|  | 1Y (from 2025-10-24) | 5Y (from 2021-10-25) |
|---|---|---|
| Total return | +78.9% | +270.8% |
| S&P 500 (SPY) | +13.4% | +76.9% |
| Per year | +79.2% | +30.0% |
| Volatility (annualized) | 34.0% | 27.4% |
| Max drawdown | -23.6% (Jun 2026→Jul 2026) | -50.0% (Dec 2021→Oct 2022) |

## Peers (Asset Management)
BXSL (Blackstone Secured Lending Fund) USD 23.33 -2.43% · VCTR (Victory Capital Holdings, Inc. ) USD 107.6 +0.20% · PDI (PIMCO Dynamic Income Fund) USD 14.31 +0.07% · AMG (Affiliated Managers Group, Inc.) USD 383.42 -3.06% · SEIC (SEI Investments Company) USD 102.3 -2.11% · IVZ (Invesco Ltd) USD 28.06 -2.54%

## More
Full page: https://nexqual.com/TWN · Free keyless MCP server with the same data and citations: https://mcp.nexqual.com/mcp · Guide for agents: https://nexqual.com/agents · https://nexqual.com/llms.txt

## Analyst estimates and revisions

| Period | EPS est. | 90d ago | Change | Revenue est. | Analysts |
|---|---|---|---|---|---|
| Current quarter | — | — | — | $0 | — |
| Next quarter | — | — | — | $0 | — |
| Current fiscal year | — | — | — | $0 | — |
| Next fiscal year | — | — | — | $0 | — |