Alpine Total Dynamic Dividend Fund

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AOD : NYSE : Financial
$8.77 up 0.02 | 0.23%
Today's Range: 8.74 - 8.78
Avg. Daily Volume: 311400.0
05/26/17 - 4:00 PM ET
  • Last Ratings Update:04/30/2017
  • Price as of 04/30/2017 :$8.62
  • Net Assets:$934.58 Million
  • NAV:$9.56
  • Premium-9.83%
  •   
  • Peer Rank:31 of 255
  • Investment Rating:B+
  • Performance:B+
  • RiskB-
AOD Price Chart

SUMMARY


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 -2.09% since inception. More recently, the fund has generated a total return of 8.70% in the last five years, 9.05% in the last three years, and 24.47% in the last year. How does that compare to other equity funds? In the last five years, it has outperformed 63% of them. It has also outpaced 72% of its competitors on a three year basis and 86% of them over the last year for the period ending 4/30/2017. On a year to date basis, AOD has returned 16.95%.

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 13.0%. This fund has had moderate volatility in its monthly performance over the last 36 months. As of 4/30/2017, the fund was trading at a price of $8.62, which is 0.2% below its 52-week high of $8.64 and 7.1% above its 52-week low of $8.05.

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.


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