- Last Ratings Update:08/31/2015
- Price as of 08/31/2015 :$16.04
- Net Assets:$1,050.35 Million
- Peer Rank:54 of 119
- Investment Rating:D
We rate Kayne Anderson Energy Tot Ret at D. Negative factors that influence this rating include a high expense structure. The fund invests approximately 87% of its assets in stocks and 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 Kayne Anderson Energy Tot Ret has returned an annual rate of 3.64% since inception. More recently, the fund has generated a total return of -1.86% in the last five years, -10.15% in the last three years, and -49.58% in the last year. How does that compare to other equity funds? In the last five years, it has outperformed 20% of them. It has also outpaced 15% of its competitors on a three year basis and 3% of them over the last year for the period ending 8/31/2015. On a year to date basis, KYE has returned -41.43%.
Downside risk has been above average. KYE has a draw down risk of -52.66%, which is the largest price decline experienced over the last three years. This fund has a three year standard deviation of 22.3%. This fund has experienced a high level of volatility in its monthly performance over the last 36 months. As of 8/31/2015, the fund was trading at a price of $16.04, which is 10.6% below its 52-week high of $17.94 and 19.7% above its 52-week low of $13.40.
High expense ratio hinders performance. On total assets of $1.05 billion, KYE maintains a high expense ratio compared to its Sector - Energy/Natural Res peers of 3.60% to cover all operating costs. Brokerage costs for the fund to buy and sell shares are not included in the expense ratio. As KYE 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 Kayne Anderson Energy Tot Ret has been managed by John C. Frey for the last 10 years. Over that period, the manager was able to capture more actual gains in excess of the expected return than just 19% of other fund managers.
Select the service that is right for you!COMPARE ALL SERVICES
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
- Weekly roundups
Access the tool that DOMINATES the Russell 2000 and the S&P 500.
- Buy, hold, or sell recommendations for over 4,300 stocks
- Unlimited research reports on your favorite stocks
- A custom stock screener
- Upgrade/downgrade alerts
- Diversified model portfolio of dividend stocks
- Alerts when market news affect the portfolio
- Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
- Real Money + Doug Kass Plus 15 more Wall Street Pros
- Intraday commentary & news
- Ultra-actionable trading ideas