Mutual Fund Insights: ING Global Bond I Fund (IGBIX)

In-depth Analysis of ING Global Bond I Fund (IGBIX)

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See ING Global Bond I Fund (IGBIX) performance details as of January 31, 2010

  

Last Trade: $11.68 on 3/12/2010, Change: +0.03 (0.26%)

  

Fund Manager - Christopher Diaz

Fund Manager Tenure: 1.2 years   [Similar Funds: IGBBX  IGBCX  IGBOX ]
Fundmojo Fund Grade: N/A (Score: *manager is new*)     (What does this score mean?)

Diaz is the Portfolio Manager of ING Investment Management. He has been with ING IM since 2000 and heads the Global Rates group for ING IM. He is primarily responsible for the global sovereign debt and derivative component of ING IM's institutional, mutual fund and proprietary portfolio. Prior to joining ING IM, he was a fixed-income portfolio analyst for SunTrust Equitable Securities Corporation.  Get more insights on Christopher Diaz

  

 What we like about ING Global Bond I Fund (IGBIX)

Data for ING Global Bond I Fund (IGBIX) as of January 31, 2010

• ING Global Bond I Fund (IGBIX) has good mid-term performance (3-year return 12.50% vs 6.86% World Bond category average)
• ING Global Bond I Fund (IGBIX) ratio of up-years vs down years is greater than 2
• ING Global Bond I Fund (IGBIX) has a Morningstar rating of 4 and above
• ING Global Bond I Fund (IGBIX) is less volatile than its peers as it has a 3-year Standard Deviation of 7.63, lower than category average of 8.78
• ING Global Bond I Fund (IGBIX) has a lower management fee than its World Bond average: 0.61% vs 1.13%
• ING Global Bond I Fund (IGBIX) is a true no-load fund as it has no load and no 12b1 promotion, distributions, marketing expenses

  

 What we are cautious about ING Global Bond I Fund (IGBIX)

Data for ING Global Bond I Fund (IGBIX) as of January 31, 2010

• ING Global Bond I Fund (IGBIX) management has been with ING Global Bond I Fund for only 1.2 years, it is hard to judge manager's ability based on this fund's operation record
• ING Global Bond I Fund is a focused fund with 35.54% of the portfolio on top 10 securities. This tends to produce more volatility compared to a diversified fund. See fund top 10 holdings.
• ING Global Bond I Fund (IGBIX) has a less-than-ideal short-term performance (1-year return 15.30% vs 16.37% World Bond category average)
• ING Global Bond I Fund (IGBIX) has an annual stock turnover rate of 396.00% that is higher than the World Bond average of 180.34%. This could mean ING Global Bond I is more nimble, but also signal potential high tax impact and high trading fees

See ING Global Bond I Fund (IGBIX) performance details as of January 31, 2010

  

  

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ING Global Bond I Fund (IGBIX) Net Asset

Track net asset change of ING Global Bond I fund (IGBIX)

Date	Net Asset
01/2010	$152.68M
11/2009	$140.17M
10/2009	$136.14M

More historic net asset information on ING Global Bond I Fund (IGBIX)

  

ING Global Bond I Fund (IGBIX) Portfolio Allocation

Track portfolio allocation change of ING Global Bond I fund (IGBIX)

Date	Cash	Stock	Bond	Other
09/2009	8.67%	0%	90.15%	1.18%
06/2009	13.38%	0%	85.43%	1.19%
03/2009	26.13%	0%	72.98%	0.89%

Click here to see more historic asset allocation information on ING Global Bond I Fund (IGBIX)

  

Most Recent Top 10 Holdings in ING Global Bond I Fund (IGBIX)

Discover what ING Global Bond I Fund (IGBIX) manager is buying

30-Sep-09 Brazil(Fed Rep Of) 10% [16.15%] Japan 40% [3.29%] US Treasury Bond 4.25% [2.91%] Germany (Federal Republic Of) 4% [2.31%] Japan (Government Of) 1.4% [2.1%] Germany (Federal Republic Of) 4.25% [1.94%] US Treasury Note 3.63% [1.93%] Italy (Republic Of) 5.5% [1.7%] GERMANY(FED REP) [1.63%] Japan 2.4% [1.58%]

30-Jun-09 FOEDERATIVE REPUBLIK BRASILIEN [12.79%] ING Institutional Prime Money Market I [12.23%] Japan 40% [3.75%] US TREASURY NOTE [3.2%] Germany (Federal Republic Of) 4.25% [3.07%] Germany (Federal Republic Of) 4% [2.69%] Japan (Government Of) 1.4% [2.4%] Germany (Federal Republic Of) 3.75% [2.35%] Germany (Federal Republic Of) 4.25% [2.27%] United Kingdom (Government Of) 4.75% [2.24%]

31-Mar-09 US Treasury Note 0.875% [4.9%] GERMANY(FED REP) [4.75%] Japan 40% [4.27%] Bundesrepublik Deutschland [3.73%] GERMANY(FED REP) [3.03%] US Treasury Note [3.02%] Japan (Government Of) 1.4% [2.73%] Germany(Fed Rep) 4.25% [2.56%] Germany(Fed Rep) 4.25% [2.4%] United Kingdom (Government Of) 4.75% [2.3%]

Click here for Stock Holding Change Map in ING Global Bond I Fund (IGBIX)

  

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See more information on ING Global Bond I Fund (IGBIX)

• ING Global Bond I Fund Insights
• ING Global Bond I Fund Performance Data
• ING Global Bond I Fund News
• ING Global Bond I Fund Score Explaination
• ING Global Bond I Fund Manager Information
• Historic ING Global Bond I Fund Asset Allocation Report
• Historic ING Global Bond I Fund Top 10 Holding Tracking
• Historic ING Global Bond I Fund Asset Under Management Tracking