First Trust Specialty Finance and Financial Opportunities Fund
Find Ratings Reports- Last Ratings Update:02/29/2024
- Price as of 02/29/2024 :$3.67
- Net Assets:$56.55 Million
- NAV:$4.16
- Premium-11.78%
- Peer Rank:4 of 35
- Investment Rating:B
- Performance:B-
- RiskC+
We rate First Tr Specialty Finance &Fin Opp at B. Positive factors that influence this rating include a well above average total return and low price volatility. The fund invests approximately 100% of its assets in stocks and may be considered for investors seeking a Sector - Financial Services strategy.
Total return ranks very high in comparison with peers over the last three years. The First Tr Specialty Finance &Fin Opp has returned an annual rate of -0.49% since inception. More recently, the fund has generated a total return of -0.56% in the last five years, 8.43% in the last three years, and 16.92% in the last year. How does that compare to other equity funds? In the last five years, it has outperformed 12% of them. It has also outpaced 76% of its competitors on a three year basis and 71% of them over the last year for the period ending 2/29/2024. On a year to date basis, FGB has returned 3.39%.
Downside risk has been below average. FGB has a draw down risk of -32.07%, which is the largest price decline experienced over the last three years. This fund has a three year standard deviation of 26.4%. This fund has experienced excessive volatility in its monthly performance over the last 36 months.
High expense ratio hinders performance. On total assets of $56.55 million, FGB maintains a high expense ratio compared to its Sector - Financial Services peers of 2.71% to cover all operating costs. Brokerage costs for the fund to buy and sell shares are not included in the expense ratio. As FGB is a closed end fund, it has no front end or back end load.