- Last Ratings Update:03/31/2016
- Price as of 03/31/2016 :$13.00
- Net Assets:$741.11 Million
- Peer Rank:38 of 122
- Investment Rating:D
We rate BlackRock Energy & Resources at D. Negative factors that influence this rating include a high price volatility. The fund invests approximately 100% of its assets in stocks and may be considered for investors seeking a Sector - Energy/Natural Res strategy.
POSITIVES AND RISKS
Total return ranks well below peers over the last three years. The BlackRock Energy & Resources has returned an annual rate of 3.34% since inception. More recently, the fund has generated a total return of -7.59% in the last five years, -9.55% in the last three years, and -30.65% in the last year. How does that compare to other equity funds? In the last five years, it has outperformed 16% of them. It has also outpaced 16% of its competitors on a three year basis and 6% of them over the last year for the period ending 3/31/2016. On a year to date basis, BGR has returned 4.46%.
Downside risk has been above average. BGR has a draw down risk of -55.80%, which is the largest price decline experienced over the last three years. This fund has a three year standard deviation of 22.4%. This fund has experienced a high level of volatility in its monthly performance over the last 36 months. As of 3/31/2016, the fund was trading at a price of $13.00, which is 2.8% below its 52-week high of $13.38 and 9.3% above its 52-week low of $11.89.
High expense ratio hinders performance. On total assets of $741.11 million, BGR maintains a high expense ratio compared to its Sector - Energy/Natural Res peers of 1.26% to cover all operating costs. Brokerage costs for the fund to buy and sell shares are not included in the expense ratio. As BGR is a closed end fund, it has no front end or back end load.
Manager lacks tenure and performance record lags managerial peers. Substandard fund managers tend to be replaced, so a long tenure is usually a good sign that a fund is achieving its objectives. The BlackRock Energy & Resources has been managed by Christopher M. Accettella for only 4 years. Over that period, the manager was able to capture more actual gains in excess of the expected return than just 35% of other fund managers.
Check Out Our Best Services for Investors
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
Access the tool that DOMINATES the Russell 2000 and the S&P 500.
- Buy, hold, or sell recommendations for over 4,300 stocks
- Unlimited research reports on your favorite stocks
- A custom stock screener
- Model portfolio
- Stocks trading below $10
- Intraday trade alerts
More than 30 investing pros with skin in the game give you actionable insight and investment ideas.