- Last Ratings Update:03/31/2015
- Price as of 03/31/2015 :$16.45
- Net Assets:$26.5 Million
- Peer Rank:19 of 42
- Investment Rating:E+
We rate First Trust ISE Global Copper Idx 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 short term portfolio management tenure. The fund invests approximately 100% of its assets in stocks and 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 First Trust ISE Global Copper Idx has returned an annual rate of -9.46% since inception. More recently, the fund has generated a total return of -10.81% in the last five years, -16.85% in the last three years, and -22.88% in the last year. How does that compare to other equity funds? In the last five years, it has outperformed 7% of them. It has also outpaced 8% of its competitors on a three year basis and 8% of them over the last year for the period ending 3/31/2015. On a year to date basis, CU has returned -8.46%.
Downside risk has been above average. CU has a draw down risk of -51.30%, which is the largest price decline experienced over the last three years. This fund has a three year standard deviation of 26.9%. This fund has experienced excessive volatility in its monthly performance over the last 36 months. As of 3/31/2015, the fund was trading at a price of $16.45, which is 7.8% below its 52-week high of $17.84 and 6.3% above its 52-week low of $15.47.
High expense ratio hinders performance. On total assets of $26.50 million, CU maintains a high expense ratio compared to its Sector - Precious Metals peers of 0.71% to cover all operating costs. Brokerage costs for the fund to buy and sell shares are not included in the expense ratio. As CU is an exchange traded fund, it has no front end or back end load.
The First Trust ISE Global Copper Idx is managed by Daniel J. Lindquist at First Trust Advisors LP. This fund is one of 109 First Trust Advisors LP exchange-traded funds launched since 6/12/2003 that we track.
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