Alpine Total Dynamic Dividend FundFind Ratings Reports
- Last Ratings Update:02/28/2017
- Price as of 02/28/2017 :$8.24
- Net Assets:$934.58 Million
- Peer Rank:48 of 262
- Investment Rating:B
We rate Alpine Total Dynamic Dividend Fund at B. Positive factors that influence this rating include a greater than 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 Global Equity strategy.
POSITIVES AND RISKS
Total return ranks above peers over the last three years. The Alpine Total Dynamic Dividend Fund has returned an annual rate of -2.69% since inception. More recently, the fund has generated a total return of 7.01% in the last five years, 7.91% in the last three years, and 25.05% in the last year. How does that compare to other equity funds? In the last five years, it has outperformed 58% of them. It has also outpaced 67% of its competitors on a three year basis and 76% of them over the last year for the period ending 2/28/2017. On a year to date basis, AOD has returned 10.53%.
Downside risk has been below average. AOD has a draw down risk of -22.14%, which is the largest price decline experienced over the last three years. This fund has a three year standard deviation of 12.8%. This fund has had moderate volatility in its monthly performance over the last 36 months. As of 2/28/2017, the fund was trading at a price of $8.24, which is 1.1% below its 52-week high of $8.33 and 4.0% above its 52-week low of $7.92.
High expense ratio hinders performance. On total assets of $934.58 million, AOD maintains a high expense ratio compared to its Global Equity peers of 1.15% to cover all operating costs. Brokerage costs for the fund to buy and sell shares are not included in the expense ratio. As AOD is a closed end fund, it has no front end or back end load.