GAMCO Natural Resources Gold & Income Trust

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GNT : NYSE : Financial
$6.92 -0.02 | -0.29%
Today's Range: 6.87 - 6.94
Avg. Daily Volume: 67500.0
08/18/17 - 9:30 AM ET
  • Last Ratings Update:07/31/2017
  • Price as of 07/31/2017 :$6.97
  • Net Assets:$149.03 Million
  • NAV:$7.2
  • Premium-3.19%
  •   
  • Peer Rank:51 of 121
  • 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 high price volatility. 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 -4.91% since inception. More recently, the fund has generated a total return of -3.90% in the last five years, -4.99% in the last three years, and -3.76% in the last year. How does that compare to other equity funds? In the last five years, it has outperformed 14% of them. It has also outpaced 15% of its competitors on a three year basis and 13% of them over the last year for the period ending 7/31/2017. On a year to date basis, GNT has returned 9.23%.

Downside risk has been above average. GNT has a draw down risk of -53.92%, which is the largest price decline experienced over the last three years. This fund has a three year standard deviation of 25.9%. This fund has experienced excessive volatility in its monthly performance over the last 36 months. As of 7/31/2017, the fund was trading at a price of $6.97, which is 1.3% below its 52-week high of $7.06 and 4.2% above its 52-week low of $6.69.

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 75% of other fund managers.


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