Kayne Anderson Energy Development CoFind Ratings Reports
- Last Ratings Update:01/31/2017
- Price as of 01/31/2017 :$19.48
- Net Assets:$199.73 Million
- Peer Rank:54 of 122
- Investment Rating:D
We rate Kayne Anderson Engy Development Co at D. 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 5.18% since inception. More recently, the fund has generated a total return of 5.03% in the last five years, -3.17% in the last three years, and 63.42% in the last year. How does that compare to other equity funds? In the last five years, it has outperformed 45% of them. It has also outpaced 17% of its competitors on a three year basis and 95% of them over the last year for the period ending 1/31/2017. On a year to date basis, KED has returned 6.23%.
Downside risk has been above average. KED has a draw down risk of -65.33%, which is the largest price decline experienced over the last three years. This fund has a three year standard deviation of 31.8%. 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 $19.48, which is 2.1% below its 52-week high of $19.89 and 4.6% above its 52-week low of $18.62.
High expense ratio hinders performance. On total assets of $199.73 million, KED maintains a high expense ratio compared to its Sector - Energy/Natural Res peers of 3.40% 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.