Kayne Anderson Energy Development CoFind Ratings Reports
- Last Ratings Update:10/31/2016
- Price as of 10/31/2016 :$17.81
- Net Assets:$199.73 Million
- Peer Rank:67 of 119
- 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 4.13% since inception. More recently, the fund has generated a total return of 5.13% in the last five years, -7.79% in the last three years, and -8.21% in the last year. How does that compare to other equity funds? In the last five years, it has outperformed 41% of them. It has also outpaced 13% of its competitors on a three year basis and 11% of them over the last year for the period ending 10/31/2016. On a year to date basis, KED has returned 17.55%.
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 31.3%. This fund has experienced excessive volatility in its monthly performance over the last 36 months. As of 10/31/2016, the fund was trading at a price of $17.81, which is 7.1% below its 52-week high of $19.18 and 0.7% above its 52-week low of $17.69.
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.