- Last Ratings Update:11/30/2014
- Price as of 11/30/2014 :$15.72
- Net Assets:$53 Million
- Peer Rank:173 of 218
- Investment Rating:D
We rate PowerShares DB 3x Inv Jpnese Gvt Bd 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 Global Income strategy.
POSITIVES AND RISKS
Total return ranks well below peers over the last three years. The PowerShares DB 3x Inv Jpnese Gvt Bd has returned an annual rate of -7.85% since inception. More recently, the fund has generated a total return of -8.39% in the last three years, -8.66% in the last year, and -5.19% in the last six months. How does that compare to other equity funds? In the last three years, it has outperformed 11% of them. It has also outpaced 12% of its competitors on a one year basis for the period ending 11/30/2014. On a year to date basis, JGBD has returned -10.68%.
Downside risk has been below average. JGBD has a draw down risk of -21.16%, which is the largest price decline experienced over the last three years. This fund has a three year standard deviation of 5.8%. This fund has had very little volatility in its monthly performance over the last 36 months. As of 11/30/2014, the fund was trading at a price of $15.72, which is 10.9% below its 52-week high of $17.65 and 15.9% above its 52-week low of $13.56.
Low expense ratio helps performance. On total assets of $53.00 million, JGBD maintains a low expense ratio compared to its Global Income peers of just 0.00% to cover all operating costs. Brokerage costs for the fund to buy and sell shares are not included in the expense ratio. As JGBD is an exchange traded fund, it has no front end or back end load.
The PowerShares DB 3x Inv Jpnese Gvt Bd is managed by a team at DB Commodity Services LLC. This fund is one of 23 DB Commodity Services LLC exchange-traded funds launched since 2/3/2006 that we track.
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