- Last Ratings Update:12/31/2015
- Price as of 12/31/2015 :$7.68
- Net Assets:$1,077.05 Million
- Peer Rank:51 of 252
- 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 -4.95% since inception. More recently, the fund has generated a total return of 1.36% in the last five years, 5.64% in the last three years, and -3.30% 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 62% of its competitors on a three year basis and 45% of them over the last year for the period ending 12/31/2015. On a year to date basis, AOD has returned -3.30%.
Downside risk has been below average. AOD has a draw down risk of -16.57%, which is the largest price decline experienced over the last three years. This fund has a three year standard deviation of 11.2%. This fund has had moderate volatility in its monthly performance over the last 36 months. As of 12/31/2015, the fund was trading at a price of $7.68, which is 4.2% below its 52-week high of $8.02 and 3.5% above its 52-week low of $7.42.
High expense ratio hinders performance. On total assets of $1.08 billion, AOD maintains a high expense ratio compared to its Global Equity peers of 1.14% 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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