Alpine Total Dynamic Dividend FundFind Ratings Reports
- Last Ratings Update:08/31/2016
- Price as of 08/31/2016 :$7.75
- Net Assets:$1,028.22 Million
- Peer Rank:110 of 267
- Investment Rating:C
We rate Alpine Total Dynamic Dividend Fund at C. 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 -3.90% since inception. More recently, the fund has generated a total return of 5.23% in the last five years, 7.85% in the last three years, and 8.01% in the last year. How does that compare to other equity funds? In the last five years, it has outperformed 37% of them. It has also outpaced 56% of its competitors on a three year basis and 37% of them over the last year for the period ending 8/31/2016. On a year to date basis, AOD has returned 6.79%.
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 12.9%. This fund has had moderate volatility in its monthly performance over the last 36 months. As of 8/31/2016, the fund was trading at a price of $7.75, which is 1.3% below its 52-week high of $7.85 and 2.5% above its 52-week low of $7.56.
High expense ratio hinders performance. On total assets of $1.03 billion, AOD maintains a high expense ratio compared to its Global Equity peers of 1.16% 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.