GAMCO Natural Resources, Gold & Income TrustFind Ratings Reports
- Last Ratings Update:01/31/2018
- Price as of 01/31/2018 :$6.77
- Net Assets:$149.03 Million
- Peer Rank:43 of 123
- Investment Rating:D-
We rate GAMCO Nat Res Gold & Income Trust at D-. Negative factors that influence this rating include a high price volatility. 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 GAMCO Nat Res Gold & Income Trust has returned an annual rate of -4.37% since inception. More recently, the fund has generated a total return of -4.39% in the last five years, 2.19% in the last three years, and 3.70% in the last year. How does that compare to other equity funds? In the last five years, it has outperformed 13% of them. It has also outpaced 29% of its competitors on a three year basis and 31% of them over the last year for the period ending 1/31/2018. On a year to date basis, GNT has returned -0.33%.
Downside risk has been above average. GNT has a draw down risk of -38.42%, which is the largest price decline experienced over the last three years. This fund has a three year standard deviation of 23.1%. This fund has experienced a high level of volatility in its monthly performance over the last 36 months. As of 1/31/2018, the fund was trading at a price of $6.77, which is 2.2% below its 52-week high of $6.92 and 2.4% above its 52-week low of $6.61.
High expense ratio hinders performance. On total assets of $149.03 million, GNT maintains a high expense ratio compared to its Sector - Energy/Natural Res peers of 1.39% to cover all operating costs. Brokerage costs for the fund to buy and sell shares are not included in the expense ratio. As GNT is a closed end fund, it has no front end or back end load.
Manager tenure and performance record are net positives. Substandard fund managers tend to be replaced, so a long tenure is usually a good sign that a fund is achieving its objectives. The GAMCO Nat Res Gold & Income Trust has been managed by Caesar M. P. Bryan for the last 7 years. Over that period, the manager was able to capture more actual gains in excess of the expected return than 74% of other fund managers.