- Last Ratings Update:07/31/2015
- Price as of 07/31/2015 :$10.42
- Net Assets:$3,237.86 Million
- Peer Rank:22 of 40
- Investment Rating:E+
We rate Central Fund of Canada at E+. 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 2.22% since inception. More recently, the fund has generated a total return of -6.75% in the last five years, -19.49% in the last three years, and -25.77% in the last year. How does that compare to other equity funds? In the last five years, it has outperformed 11% of them. It has also outpaced 6% of its competitors on a three year basis and 10% of them over the last year for the period ending 7/31/2015. On a year to date basis, CEF has returned -10.02%.
Downside risk has been above average. CEF has a draw down risk of -56.24%, which is the largest price decline experienced over the last three years. This fund has a three year standard deviation of 25.7%. This fund has experienced excessive volatility in its monthly performance over the last 36 months. As of 7/31/2015, the fund was trading at a price of $10.42, which is 10.6% below its 52-week high of $11.66 and 1.8% above its 52-week low of $10.24.
Low expense ratio helps performance. On total assets of $3.24 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 10 years. Over that period, the manager was able to capture more actual gains in excess of the expected return than just 33% of other fund managers.
Select the service that is right for you!COMPARE ALL SERVICES
Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
- Weekly roundups
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
- Upgrade/downgrade alerts
David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.
- Diversified model portfolio of dividend stocks
- Alerts when market news affect the portfolio
- Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
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.
- Real Money + Doug Kass Plus 15 more Wall Street Pros
- Intraday commentary & news
- Ultra-actionable trading ideas
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.
- 100+ monthly options trading ideas
- Actionable options commentary & news
- Real-time trading community
- Options TV