Morningstar ranks The New Ireland Fund "".

To see the Morningstar's quick-take report, please click here:

http://quicktake.morningstar.com/CEF/snapshot.asp?Country=USA&Symbol=IRL&hsection=Quicktakes

Morningstar is a nationally recognized organization that ranks the performance of mutual funds. Each fund is ranked within a universe of funds with similar investment objective. Past performance is no guarantee of future results.

Chicago-based Morningstar, Inc. is an independent provider of investment information and analytical tools. Morningstar.com is listed among the top investing sites by publications such as The Wall Street Journal, Barron's, SmartMoney, Money, Worth and U.S. News and World Report. Morningstar provides information for a number of leading Websites, including Microsoft MoneyCentral, Quicken.com, America Online, Yahoo! Finance, and Netscape Personal Finance.