Kayne Anderson Energy Development CoFind Ratings Reports
- Last Ratings Update:03/31/2017
- Price as of 03/31/2017 :$19.49
- Net Assets:$204.84 Million
- Peer Rank:64 of 120
- 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 5.10% since inception. More recently, the fund has generated a total return of 2.92% in the last five years, -7.31% in the last three years, and 29.43% in the last year. How does that compare to other equity funds? In the last five years, it has outperformed 33% of them. It has also outpaced 13% of its competitors on a three year basis and 89% of them over the last year for the period ending 3/31/2017. On a year to date basis, KED has returned 2.80%.
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 31.5%. This fund has experienced excessive volatility in its monthly performance over the last 36 months. As of 3/31/2017, the fund was trading at a price of $19.49, which is 4.4% below its 52-week high of $20.39 and 5.2% above its 52-week low of $18.53.
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.