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Central Gold-Trust
GTU : AMEX : Financial
$43.81 | %
Today's Range: 0.00 - 0.00
Avg. Daily Volume: 107,400
01/29/15 - 4:00 PM ET
  • Last Ratings Update:12/31/2014
  • Price as of 12/31/2014 :$40.65
  • Net Assets:$868.2 Million
  • NAV:$43.32
  • Premium-6.16%
  •   
  • Peer Rank:13 of 40
  • Investment Rating:D-
  • Performance:D-
  • RiskC
GTU Price Chart

SUMMARY


We rate Central Gold-Trust at D-. Negative factors that influence this rating include a well below average total return. The fund may be considered for investors seeking a Sector - Precious Metals strategy.


POSITIVES AND RISKS


Total return ranks well below peers over the last three years. The Central Gold-Trust has returned an annual rate of 7.76% since inception. More recently, the fund has generated a total return of -2.09% in the last five years, -12.96% in the last three years, and -6.36% in the last year. How does that compare to other equity funds? In the last five years, it has outperformed 14% of them. It has also outpaced 9% of its competitors on a three year basis and 20% of them over the last year for the period ending 12/31/2014. On a year to date basis, GTU has returned -6.36%.

Downside risk has been above average. GTU has a draw down risk of -43.44%, which is the largest price decline experienced over the last three years. This fund has a three year standard deviation of 19.7%. This fund has experienced a high level of volatility in its monthly performance over the last 36 months. As of 12/31/2014, the fund was trading at a price of $40.65, which is 2.1% below its 52-week high of $41.53 and 4.7% above its 52-week low of $38.81.

Low expense ratio helps performance. On total assets of $868.20 million, GTU maintains a low expense ratio compared to its Sector - Precious Metals peers of just 0.35% to cover all operating costs. Brokerage costs for the fund to buy and sell shares are not included in the expense ratio. As GTU is a closed end fund, it has no front end or back end load.

Manager tenure is a net positive but performance record lags managerial peers. Substandard fund managers tend to be replaced, so a long tenure is usually a good sign that a fund is achieving its objectives. The Central Gold-Trust has been managed by a team for the last 12 years. Over that period, the manager was able to capture more actual gains in excess of the expected return than just 30% of other fund managers.


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