- Last Ratings Update:12/31/2015
- Price as of 12/31/2015 :$31.94
- Net Assets:$1,227.9 Million
- Peer Rank:118 of 307
- Investment Rating:B
We rate General American Investors at B. Positive factors that influence this rating include a well above average total return, low price volatility and low expense structure. The fund invests approximately 100% of its assets in stocks and may be considered for investors seeking a Growth - Domestic strategy.
POSITIVES AND RISKS
Total return ranks very high in comparison with peers over the last three years. The General American Investors has returned an annual rate of 13.12% since inception. More recently, the fund has generated a total return of 10.02% in the last five years, 10.05% in the last three years, and -4.32% in the last year. How does that compare to other equity funds? In the last five years, it has outperformed 65% of them. It has also outpaced 75% of its competitors on a three year basis and 41% of them over the last year for the period ending 12/31/2015. On a year to date basis, GAM has returned -4.32%.
Downside risk has been below average. GAM has a draw down risk of -18.82%, which is the largest price decline experienced over the last three years. This fund has a three year standard deviation of 12.0%. This fund has had moderate volatility in its monthly performance over the last 36 months. As of 12/31/2015, the fund was trading at a price of $31.94, which is 2.0% below its 52-week high of $32.60 and 4.9% above its 52-week low of $30.46.
High expense ratio hinders performance. On total assets of $1.23 billion, GAM maintains a high expense ratio compared to its Growth - Domestic peers of 1.10% to cover all operating costs. Brokerage costs for the fund to buy and sell shares are not included in the expense ratio. As GAM is a closed end fund, it has no front end or back end load.
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