- Last Ratings Update:03/31/2016
- Price as of 03/31/2016 :$6.58
- Net Assets:$184.12 Million
- Peer Rank:49 of 122
- Investment Rating:D-
We rate GAMCO Nat Res Gold & Income Trust at D-. Negative factors that influence this rating include a high price volatility. The fund may be considered for investors seeking a Sector - Energy/Natural Res strategy.
POSITIVES AND RISKS
Total return ranks well below peers over the last three years. The GAMCO Nat Res Gold & Income Trust has returned an annual rate of -9.58% since inception. More recently, the fund has generated a total return of -10.12% in the last five years, -10.72% in the last three years, and -9.04% in the last year. How does that compare to other equity funds? In the last five years, it has outperformed 13% of them. It has also outpaced 14% of its competitors on a three year basis and 31% of them over the last year for the period ending 3/31/2016. On a year to date basis, GNT has returned 17.72%.
Downside risk has been above average. GNT has a draw down risk of -61.89%, which is the largest price decline experienced over the last three years. This fund has a three year standard deviation of 27.4%. This fund has experienced excessive volatility in its monthly performance over the last 36 months. As of 3/31/2016, the fund was trading at a price of $6.58, which is 2.5% below its 52-week high of $6.75 and 13.3% above its 52-week low of $5.81.
High expense ratio hinders performance. On total assets of $184.12 million, GNT maintains a high expense ratio compared to its Sector - Energy/Natural Res peers of 1.25% to cover all operating costs. Brokerage costs for the fund to buy and sell shares are not included in the expense ratio. As GNT is a closed end fund, it has no front end or back end load.
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