- Last Ratings Update:12/31/2015
- Price as of 12/31/2015 :$71.15
- Net Assets:$22.6 Million
- Peer Rank:6 of 111
- Investment Rating:A-
We rate Direxion All Cap Insider Sentiment at A-. 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 and low expense structure. The fund invests approximately 100% of its assets in stocks and may be considered for investors seeking a Growth & Income strategy.
POSITIVES AND RISKS
Total return ranks very high in comparison with peers over the last three years. The Direxion All Cap Insider Sentiment has returned an annual rate of 18.70% since inception. More recently, the fund has generated a total return of 16.98% in the last three years, 3.83% in the last year, and 0.16% in the last six months. How does that compare to other equity funds? In the last three years, it has outperformed 92% of them. It has also outpaced 76% of its competitors on a one year basis for the period ending 12/31/2015. On a year to date basis, KNOW has returned 3.83%.
Downside risk has been below average. KNOW has a draw down risk of -8.76%, which is the largest price decline experienced over the last three years. This fund has a three year standard deviation of 10.2%. This fund has had a low level of volatility in its monthly performance over the last 36 months. As of 12/31/2015, the fund was trading at a price of $71.15, which is 1.8% below its 52-week high of $72.49 and 2.9% above its 52-week low of $69.13.
Low expense ratio helps performance. On total assets of $22.60 million, KNOW maintains a low expense ratio compared to its Growth & Income peers of just 0.66% to cover all operating costs. Brokerage costs for the fund to buy and sell shares are not included in the expense ratio. As KNOW is an exchange traded fund, it has no front end or back end load.
The Direxion All Cap Insider Sentiment is managed by Paul Brigandi at Rafferty Asset Management LLC. This fund is one of 74 Rafferty Asset Management LLC exchange-traded funds launched since 11/5/2008 that we track.
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