GAMCO Natural Resources Gold & Income Trust

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GNT : NYSE : Financial
$6.95 0.0 | 0.0%
Today's Range: 6.95 - 7.02
Avg. Daily Volume: 87200.0
02/23/17 - 4:02 PM ET
  • Last Ratings Update:01/31/2017
  • Price as of 01/31/2017 :$6.99
  • Net Assets:$135.91 Million
  • NAV:$7.38
  • Premium-5.28%
  •   
  • Peer Rank:66 of 122
  • Investment Rating:D-
  • Performance:D+
  • RiskC-
GNT Price Chart

SUMMARY


We rate GAMCO Nat Res Gold & Income Trust at D-. Negative factors that influence this rating include a well below average total return. The fund may be considered for investors seeking a Sector - Energy/Natural Res strategy.


POSITIVES AND RISKS


Total return ranks well below peers over the last three years. The GAMCO Nat Res Gold & Income Trust has returned an annual rate of -5.94% since inception. More recently, the fund has generated a total return of -4.67% in the last five years, -1.65% in the last three years, and 39.40% in the last year. How does that compare to other equity funds? In the last five years, it has outperformed 15% of them. It has also outpaced 21% of its competitors on a three year basis and 85% of them over the last year for the period ending 1/31/2017. On a year to date basis, GNT has returned 5.39%.

Downside risk has been above average. GNT has a draw down risk of -54.08%, which is the largest price decline experienced over the last three years. This fund has a three year standard deviation of 27.0%. This fund has experienced excessive volatility in its monthly performance over the last 36 months. As of 1/31/2017, the fund was trading at a price of $6.99, which is 1.8% below its 52-week high of $7.12 and 4.6% above its 52-week low of $6.68.

High expense ratio hinders performance. On total assets of $135.91 million, GNT maintains a high expense ratio compared to its Sector - Energy/Natural Res peers of 1.36% 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 6 years. Over that period, the manager was able to capture more actual gains in excess of the expected return than 66% of other fund managers.


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