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Mutual Fund Insights: Ivy Global Natural Resources E Fund (IGNEX)

In-depth Analysis of Ivy Global Natural Resources E Fund (IGNEX)

Mutual fund chart: Ivy Global Natural Resources E Fund (IGNEX)

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See Ivy Global Natural Resources E Fund (IGNEX) performance details as of January 31, 2010

Last Trade: $18.96 on 3/16/2010, Change: +0.29 (1.55%)

Fund Manager - Frederick Sturm

Fund Manager Tenure: 13.2 years [Similar Funds: IGNAX IGNBX IGNCX IGNIX IGNRX IGNVX IGNYX ]
Fundmojo Fund Grade: D (Score: 0.47) (What does this score mean?)

Frederick Sturm has managed the Portfolio since its inception in April 2005. Mr. Sturm is also primarily responsible for the management of Ivy Global Natural Resources Fund, whose investment manager is IICO. He joined Mackenzie in 1983. Get more insights on Frederick Sturm

What we like about Ivy Global Natural Resources E Fund (IGNEX)

Data for Ivy Global Natural Resources E Fund (IGNEX) as of January 31, 2010

Ivy Global Natural Resources E Fund (IGNEX) management has been with Ivy Global Natural Resources E Fund for 13.2 years
Ivy Global Natural Resources E Fund (IGNEX) has good short-term performance (1-year return 62.09% vs 43.49% Natural Resources category average)
Ivy Global Natural Resources E Fund (IGNEX) has a lower management fee than its Natural Resources average: 1.27% vs 1.49%

What we are cautious about Ivy Global Natural Resources E Fund (IGNEX)

Data for Ivy Global Natural Resources E Fund (IGNEX) as of January 31, 2010

Ivy Global Natural Resources E Fund is a focused fund with 33.12% of the portfolio on top 10 securities. This tends to produce more volatility compared to a diversified fund. See fund top 10 holdings.
Ivy Global Natural Resources E Fund (IGNEX) has a less-than-ideal mid-term performance (3-year return -3.95% vs -0.39% Natural Resources category average)
Ivy Global Natural Resources E Fund (IGNEX) has a less-than-ideal Long-term performance (5-year return 7.54% vs 9.94% Natural Resources category average)
Ivy Global Natural Resources E Fund (IGNEX) ratio of up-years vs down years can be improved
Ivy Global Natural Resources E Fund (IGNEX) has a Morningstar rating of 3 and below
Ivy Global Natural Resources E Fund (IGNEX) is less safe compared to its Natural Resources peers
Ivy Global Natural Resources E Fund (IGNEX) has an annual stock turnover rate of 191.00% that is higher than the Natural Resources average of 103.65%. This could mean Ivy Global Natural Resources E is more nimble, but also signal potential high tax impact and high trading fees
Ivy Global Natural Resources E Fund (IGNEX) does not have a good risk adjusted return as its 3-year Alpha of 12.3 is worse than category average of 12.39, and its 3-year Sharpe ratio is 0.04
Ivy Global Natural Resources E Fund (IGNEX) is more volatile than its peers as it has a 3-year Standard Deviation of 36.95 that is higher than category average of 32.48
Ivy Global Natural Resources E Fund (IGNEX) carries a 5.75% load

See Ivy Global Natural Resources E Fund (IGNEX) performance details as of January 31, 2010

Interested in other top mutual funds in similar Natural Resources category?

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Ivy Global Natural Resources E Fund (IGNEX) Net Asset

Track net asset change of Ivy Global Natural Resources E fund (IGNEX)

Date	Net Asset
01/2010	$4.81M
11/2009	$4.66M
10/2009	$4.32M

More historic net asset information on Ivy Global Natural Resources E Fund (IGNEX)

Ivy Global Natural Resources E Fund (IGNEX) Portfolio Allocation

Track portfolio allocation change of Ivy Global Natural Resources E fund (IGNEX)

Date	Cash	Stock	Bond	Other
09/2009	17.02%	82.09%	0.44%	0.45%
06/2009	13.73%	82.49%	0%	3.78%
03/2009	5.4%	142.32%	0%	1.09%

Click here to see more historic asset allocation information on Ivy Global Natural Resources E Fund (IGNEX)

Most Recent Top 10 Holdings in Ivy Global Natural Resources E Fund (IGNEX)

Discover what Ivy Global Natural Resources E Fund (IGNEX) manager is buying

30-Sep-09

S&P 500 EMINI FUT DEC 09 [15.68%]
PETROHAWK ENERGY CP [4.21%]
EL PASO CORPORATION [3.59%]
TRANSOCEAN LTD [3.23%]
CAMERON INTL CP [3.19%]
Randgold Resources Limited [3.19%]
POTASH CP SASKATCHEW [3.14%]
Gazprom OAO (EDR) [3.12%]
CHESAPEAKE ENERGY CP [2.82%]
HALLIBURTON CO [2.72%]

30-Jun-09

S&P 500 EMINI FUT SEPT 09 [11.09%]
POTASH CP SASKATCHEW [5.18%]
PETROHAWK ENERGY CP [4.19%]
Gazprom OAO (EDR) [3.92%]
EL PASO CORPORATION [3.8%]
CAMERON INTL CP [3.26%]
TRANSOCEAN LTD [2.97%]
Randgold Resources Limited [2.72%]
YINGLI GRN ENGY ADR [2.54%]
HALLIBURTON CO [2.38%]

31-Mar-09

POTASH CP SASKATCHEW [5.44%]
PETROHAWK ENERGY CP [5.11%]
Gazprom OAO (EDR) [3.8%]
Randgold Resources Limited [3.37%]
CANADIAN NAT RES [3.3%]
Vale (ADR) [2.9%]
TRANSOCEAN LTD [2.71%]
CAMERON INTL CP [2.41%]
NATL OILWELL VARCO [2.29%]
PEABODY ENERGY CORP [2.22%]

Click here for Stock Holding Change Map in Ivy Global Natural Resources E Fund (IGNEX)

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Data is provided for informational purposes only, and is not intended for trading purposes. Although data are gathered from sources believed to be reliable, Fund Mojo and its content providers cannot guarantee completeness and accuracy. Performance data quoted represents past performance. Fund Mojo and its content providers accept no liability for reliance on this data.