- Last Ratings Update:03/31/2016
- Price as of 03/31/2016 :$7.50
- Net Assets:$1,028.22 Million
- Peer Rank:47 of 260
- Investment Rating:C+
We rate Alpine Total Dynamic Dividend Fund at C+. Positive factors that influence this rating include a greater than above average total return and low expense structure. The fund invests approximately 100% of its assets in stocks and may be considered for investors seeking a Global Equity strategy.
POSITIVES AND RISKS
Total return ranks above peers over the last three years. The Alpine Total Dynamic Dividend Fund has returned an annual rate of -4.81% since inception. More recently, the fund has generated a total return of 0.16% in the last five years, 6.04% in the last three years, and -8.10% in the last year. How does that compare to other equity funds? In the last five years, it has outperformed 31% of them. It has also outpaced 60% of its competitors on a three year basis and 34% of them over the last year for the period ending 3/31/2016. On a year to date basis, AOD has returned 0.15%.
Downside risk has been below average. AOD has a draw down risk of -22.14%, which is the largest price decline experienced over the last three years. This fund has a three year standard deviation of 12.7%. This fund has had moderate volatility in its monthly performance over the last 36 months. As of 3/31/2016, the fund was trading at a price of $7.50, which is 0.3% below its 52-week high of $7.52 and 7.0% above its 52-week low of $7.01.
High expense ratio hinders performance. On total assets of $1.03 billion, AOD maintains a high expense ratio compared to its Global Equity peers of 1.16% to cover all operating costs. Brokerage costs for the fund to buy and sell shares are not included in the expense ratio. As AOD is a closed end fund, it has no front end or back end load.
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