Kayne Anderson Energy Development CompanyFind Ratings Reports
- Last Ratings Update:02/28/2018
- Price as of 02/28/2018 :$16.74
- Net Assets:$174.16 Million
- Peer Rank:81 of 122
- Investment Rating:E+
We rate Kayne Anderson Engy Development Co at E+. Negative factors that influence this rating include a high expense structure. The fund invests approximately 82% of its assets in stocks and 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 Kayne Anderson Engy Development Co has returned an annual rate of 4.10% since inception. More recently, the fund has generated a total return of -2.14% in the last five years, -12.41% in the last three years, and -11.02% in the last year. How does that compare to other equity funds? In the last five years, it has outperformed 16% of them. It has also outpaced 5% of its competitors on a three year basis and 7% of them over the last year for the period ending 2/28/2018. On a year to date basis, KED has returned -3.44%.
Downside risk has been above average. KED has a draw down risk of -60.84%, which is the largest price decline experienced over the last three years. This fund has a three year standard deviation of 31.0%. This fund has experienced excessive volatility in its monthly performance over the last 36 months. As of 2/28/2018, the fund was trading at a price of $16.74, which is 8.6% below its 52-week high of $18.32 and 3.5% above its 52-week low of $16.17.
High expense ratio hinders performance. On total assets of $174.16 million, KED maintains a high expense ratio compared to its Sector - Energy/Natural Res peers of 4.40% to cover all operating costs. Brokerage costs for the fund to buy and sell shares are not included in the expense ratio. As KED is a closed end fund, it has no front end or back end load.