Direxion All Cap Insider Sentiment SharesFind Ratings Reports
- Last Ratings Update:01/31/2017
- Price as of 01/31/2017 :$76.91
- Net Assets:$22.6 Million
- Peer Rank:8 of 128
- Investment Rating:A-
We rate Direxion All Cap Insider Sentiment at A-. This overall rating indicates it is among the top 10% of all closed end funds in its peer group. Positive factors that influence this rating include a well above average total return and low expense structure. The fund invests approximately 100% of its assets in stocks and may be considered for investors seeking a Growth & Income strategy.
POSITIVES AND RISKS
Total return ranks very high in comparison with peers over the last three years. The Direxion All Cap Insider Sentiment has returned an annual rate of 17.52% since inception. More recently, the fund has generated a total return of 14.55% in the last five years, 13.12% in the last three years, and 27.06% in the last year. How does that compare to other equity funds? In the last five years, it has outperformed 90% of them. It has also outpaced 89% of its competitors on a three year basis and 67% of them over the last year for the period ending 1/31/2017. On a year to date basis, KNOW has returned 1.24%.
Downside risk has been below average. KNOW has a draw down risk of -8.76%, which is the largest price decline experienced over the last three years. This fund has a three year standard deviation of 10.9%. This fund has had a low level of volatility in its monthly performance over the last 36 months. As of 1/31/2017, the fund was trading at a price of $76.91, which is 1.4% below its 52-week high of $78.00 and 1.8% above its 52-week low of $75.56.
Low expense ratio helps performance. On total assets of $22.60 million, KNOW maintains a low expense ratio compared to its Growth & Income peers of just 0.65% to cover all operating costs. Brokerage costs for the fund to buy and sell shares are not included in the expense ratio. As KNOW is an exchange traded fund, it has no front end or back end load.
The Direxion All Cap Insider Sentiment is managed by Paul Brigandi at Rafferty Asset Management LLC. This fund is one of 76 Rafferty Asset Management LLC exchange-traded funds launched since 11/5/2008 that we track.