- Last Ratings Update:01/31/2015
- Price as of 01/31/2015 :$33.39
- Net Assets:$1,229.47 Million
- Peer Rank:138 of 289
- Investment Rating:B
We rate General American Investors at B. This overall rating indicates it is among the top 10% of all closed end funds in its peer group. 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 13.45% since inception. More recently, the fund has generated a total return of 14.88% in the last five years, 14.37% in the last three years, and 9.57% in the last year. How does that compare to other equity funds? In the last five years, it has outperformed 74% of them. It has also outpaced 76% of its competitors on a three year basis and 59% of them over the last year for the period ending 1/31/2015. On a year to date basis, GAM has returned -4.60%.
Downside risk has been below average. GAM has a draw down risk of -12.50%, which is the largest price decline experienced over the last three years. This fund has a three year standard deviation of 10.8%. This fund has had a low level of volatility in its monthly performance over the last 36 months. As of 1/31/2015, the fund was trading at a price of $33.39, which is 5.2% below its 52-week high of $35.23 and 1.0% above its 52-week low of $33.07.
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 1.27% 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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