- Last Ratings Update:09/30/2014
- Price as of 09/30/2014 :$29.90
- Net Assets:$86 Million
- Peer Rank:85 of 120
- Investment Rating:D-
We rate Mk Vectors Unconv O&G ETF at D-. 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 may be considered for investors seeking a Sector - Energy/Natural Res strategy.
POSITIVES AND RISKS
New Fund off to poor start in the last year. The Mk Vectors Unconv O&G ETF has returned an annual rate of 7.14% since inception. More recently, the fund has generated a total return of -0.32% in the last year, -6.15% in the last six months, and -16.10% in the last three months. How does that compare to other equity funds? In the last year, it has outperformed 22% of them for the period ending 9/30/2014. On a year to date basis, FRAK has returned 1.23%.
Downside risk has been below average. FRAK has a draw down risk of -15.20%, which is the largest price decline experienced since the inception of the fund. This fund has a one year standard deviation of 19.4%. This fund has experienced a high level of volatility in its monthly performance over the last 12 months. As of 9/30/2014, the fund was trading at a price of $29.90, which is 10.3% below its 52-week high of $33.34 and 0.8% above its 52-week low of $29.65.
Low expense ratio helps performance. On total assets of $86.00 million, FRAK maintains a low expense ratio compared to its Sector - Energy/Natural Res peers of just 0.54% to cover all operating costs. Brokerage costs for the fund to buy and sell shares are not included in the expense ratio. As FRAK is an exchange traded fund, it has no front end or back end load.
The Mk Vectors Unconv O&G ETF is managed by George Cao at Van Eck Associates Corporation. This fund is one of 58 Van Eck Associates Corporation exchange-traded funds launched since 5/16/2006 that we track.
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