- Last Ratings Update:01/31/2014
- Price as of 01/31/2014 :$47.76
- Net Assets:$559.5 Million
- Peer Rank:15 of 280
- Investment Rating:A+
We rate Guggenheim S&P 500 Pure Value at A+. This overall rating indicates it is among the top 10% of all closed end mutual funds in its peer group. Positive factors that influence this rating include a well above average total return, low price volatility and low expense structure. The fund invests approximately 100% of its assets in stocks and may be considered for investors seeking an Equity Income strategy.
POSITIVES AND RISKS
Total return ranks very high in comparison with peers over the last three years. The Guggenheim S&P 500 Pure Value has returned an annual rate of 8.43% since inception. More recently, the fund has generated a total return of 30.66% in the last five years, 18.30% in the last three years, and 29.40% in the last year. How does that compare to other equity funds? In the last five years, it has outperformed 97% of them. It has also outpaced 94% of its competitors on a three year basis and 93% of them over the last year for the period ending 1/31/2014. On a year to date basis, RPV has returned -4.04%.
Downside risk has been below average. RPV has a draw down risk of -21.22%, which is the largest price decline experienced over the last three years. This fund has a three year standard deviation of 16.7%. This fund has had moderate volatility in its monthly performance over the last 36 months. As of 1/31/2014, the fund was trading at a price of $47.76, which is 3.9% below its 52-week high of $49.70 and 1.3% above its 52-week low of $47.15.
Low expense ratio helps performance. On total assets of $559.50 million, RPV maintains a low expense ratio compared to its Equity Income peers of just 0.35% to cover all operating costs. Brokerage costs for the fund to buy and sell shares are not included in the expense ratio. As RPV is an exchange traded fund, it has no front end or back end load.
The Guggenheim S&P 500 Pure Value is managed by James R. King at Guggenheim Investments. This fund is one of 30 Guggenheim Investments exchange-traded funds launched since 4/24/2003 that we track.
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