This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
TheStreet Open House

Central Fund of Canada Limited
CEF : AMEX : Financial
$13.09 0.08 | 0.61%
Today's Range: 12.99 - 13.10
Avg. Daily Volume: 714,600
09/15/14 - 4:00 PM ET
  • Last Ratings Update:07/31/2014
  • Price as of 07/31/2014 :$14.06
  • Net Assets:$3,984.57 Million
  • NAV:$14.84
  • Premium-5.26%
  •   
  • Peer Rank:22 of 42
  • Investment Rating:E+
  • Performance:E+
  • RiskC
CEF Price Chart

SUMMARY


We rate Central Fund of Canada at E+. This overall rating indicates it is among the top 10% of all closed end funds in its peer group. Negative factors that influence this rating include a well below average total return. The fund may be considered for investors seeking a Sector - Precious Metals strategy.


POSITIVES AND RISKS


Total return ranks well below peers over the last three years. The Central Fund of Canada has returned an annual rate of 3.29% since inception. More recently, the fund has generated a total return of 3.20% in the last five years, -16.22% in the last three years, and -1.33% in the last year. How does that compare to other equity funds? In the last five years, it has outperformed 17% of them. It has also outpaced 6% of its competitors on a three year basis and 11% of them over the last year for the period ending 7/31/2014. On a year to date basis, CEF has returned 6.04%.

Downside risk has been above average. CEF has a draw down risk of -46.03%, which is the largest price decline experienced over the last three years. This fund has a three year standard deviation of 28.7%. This fund has experienced excessive volatility in its monthly performance over the last 36 months. As of 7/31/2014, the fund was trading at a price of $14.06, which is 5.3% below its 52-week high of $14.85 and 0.9% above its 52-week low of $13.94.

Low expense ratio helps performance. On total assets of $3.98 billion, CEF maintains a low expense ratio compared to its Sector - Precious Metals peers of just 0.32% to cover all operating costs. Brokerage costs for the fund to buy and sell shares are not included in the expense ratio. As CEF is a closed end fund, it has no front end or back end load.

Manager tenure is a net positive but 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 Central Fund of Canada has been managed by Philip M. Spicer for the last 9 years. Over that period, the manager was able to capture more actual gains in excess of the expected return than just 19% of other fund managers.


Select the service that is right for you!

COMPARE ALL SERVICES
Action Alerts PLUS
Try it NOW

Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
  • Weekly roundups
TheStreet Quant Ratings
Try it NOW
Only $49.95/yr

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
  • Upgrade/downgrade alerts
Stocks Under $10
Try it NOW

David Peltier, uncovers low dollar stocks with extraordinary upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
  • Weekly roundups
Dividend Stock Advisor
Try it NOW

Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Alerts when market news affect the portfolio
  • Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
Real Money Pro
Try it NOW

All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.

Product Features:
  • Real Money + Doug Kass Plus 15 more Wall Street Pros
  • Intraday commentary & news
  • Ultra-actionable trading ideas
Options Profits
Try it NOW

Our options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • 100+ monthly options trading ideas
  • Actionable options commentary & news
  • Real-time trading community
  • Options TV

Latest Stock Upgrades/Downgrades

Brokerage Partners


Top Rated Stocks Top Rated Funds Top Rated ETFs