- Last Ratings Update:06/30/2014
- Price as of 06/30/2014 :$7.45
- Net Assets:$38.2 Million
- Peer Rank:68 of 117
- Investment Rating:D
We rate ELEMENTS RIC Energy Total Return 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 below average total return. The fund 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 ELEMENTS RIC Energy Total Return has returned an annual rate of -4.32% since inception. More recently, the fund has generated a total return of 7.06% in the last five years, 1.44% in the last three years, and 7.59% in the last year. How does that compare to other equity funds? In the last five years, it has outperformed 21% of them. It has also outpaced 25% of its competitors on a three year basis and 23% of them over the last year for the period ending 6/30/2014. On a year to date basis, RJN has returned 6.04%.
Downside risk has been below average. RJN has a draw down risk of -18.71%, which is the largest price decline experienced over the last three years. This fund has a three year standard deviation of 19.0%. This fund has experienced a high level of volatility in its monthly performance over the last 36 months. As of 6/30/2014, the fund was trading at a price of $7.45, which is 2.1% below its 52-week high of $7.61 and 17.3% above its 52-week low of $6.35.
Low expense ratio helps performance. On total assets of $38.20 million, RJN maintains a low expense ratio compared to its Sector - Energy/Natural Res peers of just 0.75% to cover all operating costs. Brokerage costs for the fund to buy and sell shares are not included in the expense ratio. As RJN is an exchange traded fund, it has no front end or back end load.
The ELEMENTS RIC Energy Total Return is managed by a team at Swedish Export Credit Corporation. This fund is one of 6 Swedish Export Credit Corporation exchange-traded funds launched since 10/17/2007 that we track.
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