- Last Ratings Update:07/31/2015
- Price as of 07/31/2015 :$23.47
- Net Assets:$348.5 Million
- Peer Rank:48 of 118
- Investment Rating:D
We rate Kayne Anderson Engy Development Co at D. Negative factors that influence this rating include a high expense structure. The fund invests approximately 82% of its assets in stocks and may be considered for investors seeking a Sector - Energy/Natural Res strategy.
POSITIVES AND RISKS
Total return ranks below peers over the last three years. The Kayne Anderson Engy Development Co has returned an annual rate of 6.08% since inception. More recently, the fund has generated a total return of 15.23% in the last five years, 3.23% in the last three years, and -28.02% in the last year. How does that compare to other equity funds? In the last five years, it has outperformed 84% of them. It has also outpaced 47% of its competitors on a three year basis and 9% of them over the last year for the period ending 7/31/2015. On a year to date basis, KED has returned -33.24%.
Downside risk has been above average. KED has a draw down risk of -37.88%, which is the largest price decline experienced over the last three years. This fund has a three year standard deviation of 23.3%. This fund has experienced a high level of volatility in its monthly performance over the last 36 months. As of 7/31/2015, the fund was trading at a price of $23.47, which is 8.9% below its 52-week high of $25.75 and 11.0% above its 52-week low of $21.14.
High expense ratio hinders performance. On total assets of $348.50 million, KED maintains a high expense ratio compared to its Sector - Energy/Natural Res peers of 3.40% to cover all operating costs. Brokerage costs for the fund to buy and sell shares are not included in the expense ratio. As KED is a closed end fund, it has no front end or back end load.
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