Kayne Anderson Energy Development CoFind Ratings Reports
- Last Ratings Update:07/31/2017
- Price as of 07/31/2017 :$17.61
- Net Assets:$204.84 Million
- Peer Rank:64 of 121
- 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 4.38% since inception. More recently, the fund has generated a total return of 0.80% in the last five years, -12.02% in the last three years, and 9.51% in the last year. How does that compare to other equity funds? In the last five years, it has outperformed 24% of them. It has also outpaced 8% of its competitors on a three year basis and 44% of them over the last year for the period ending 7/31/2017. On a year to date basis, KED has returned -2.85%.
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 30.5%. 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 $17.61, which is 4.4% below its 52-week high of $18.43 and 0.9% above its 52-week low of $17.46.
High expense ratio hinders performance. On total assets of $204.84 million, KED maintains a high expense ratio compared to its Sector - Energy/Natural Res peers of 4.30% 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.