Mutual Fund Insights: ING Global Resources I Fund (IGRIX)

In-depth Analysis of ING Global Resources I Fund (IGRIX)

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See ING Global Resources I Fund (IGRIX) performance details as of January 31, 2010

  

Last Trade: $18.10 on 3/19/2010, Change: -0.30 (-1.63%)

  

Fund Manager - David R. Powers

Fund Manager Tenure: 2.2 years   [Similar Funds: IGRSX  IGRTX ]
Fundmojo Fund Grade: B (Score: 0.69)     (What does this score mean?)

Powers joined ING IM in June 2007 as a senior sector analyst on the fundamental research team, covering the telecommunication services, utilities, and materials sectors. Prior to joining ING IM, Powers has held several senior investment positions including portfolio manager with Federated Investors since June 2001. Powers began his investment career at the State Teachers Retirement System of Ohio. Powers holds the Chartered Financial Analys designation in 2001.  Get more insights on David R. Powers

  

 What we like about ING Global Resources I Fund (IGRIX)

Data for ING Global Resources I Fund (IGRIX) as of January 31, 2010

• ING Global Resources I Fund (IGRIX) has good mid-term performance (3-year return 0.58% vs -0.39% Natural Resources category average)
• ING Global Resources I Fund (IGRIX) has good Long-term performance (5-year return 11.06% vs 9.94% Natural Resources category average)
• ING Global Resources I Fund (IGRIX) ratio of up-years vs down years is greater than 2
• ING Global Resources I Fund (IGRIX) has a Morningstar rating of 4 and above
• ING Global Resources I Fund (IGRIX) has an annual stock turnover rate of 85.00% vs Natural Resources average of 103.65%. It is good that ING Global Resources I management does not trade extensively for its return.
• ING Global Resources I Fund (IGRIX) is less volatile than its peers as it has a 3-year Standard Deviation of 29.62, lower than category average of 32.48
• ING Global Resources I Fund (IGRIX) has a lower management fee than its Natural Resources average: 0.64% vs 1.49%
• ING Global Resources I Fund (IGRIX) 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 Resources I Fund (IGRIX)

Data for ING Global Resources I Fund (IGRIX) as of January 31, 2010

• ING Global Resources I Fund (IGRIX) management has been with ING Global Resources I Fund for only 2.2 years, it is hard to judge manager's ability based on this fund's operation record
• ING Global Resources I Fund is a focused fund with 43.48% 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 Resources I Fund (IGRIX) has a less-than-ideal short-term performance (1-year return 33.50% vs 43.49% Natural Resources category average)
• ING Global Resources I Fund (IGRIX) is less safe compared to its Natural Resources peers
• ING Global Resources I Fund (IGRIX) does not have a good risk adjusted return as its 3-year Alpha of 11.45 is worse than category average of 12.39, and its 3-year Sharpe ratio is 0.1

See ING Global Resources I Fund (IGRIX) performance details as of January 31, 2010

  

  

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ING Global Resources I Fund (IGRIX) Net Asset

Track net asset change of ING Global Resources I fund (IGRIX)

Date	Net Asset
01/2010	$28.11M
11/2009	$30.49M
10/2009	$28.94M

More historic net asset information on ING Global Resources I Fund (IGRIX)

  

ING Global Resources I Fund (IGRIX) Portfolio Allocation

Track portfolio allocation change of ING Global Resources I fund (IGRIX)

Date	Cash	Stock	Bond	Other
09/2009	3.15%	96.31%	0%	0.54%
06/2009	1.75%	98.25%	0%	0%
03/2009	3.59%	96.41%	0%	0%

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

  

Most Recent Top 10 Holdings in ING Global Resources I Fund (IGRIX)

Discover what ING Global Resources I Fund (IGRIX) manager is buying

30-Sep-09 EXXON MOBIL CP [6.9%] CHEVRON CORP [5.99%] ENCANA CORP [4.66%] SCHLUMBERGER LTD [4.57%] APACHE CP [4.42%] CONOCOPHILLIPS [4.21%] CANADIAN NAT RES [3.52%] ING Institutional Prime Money Market I [3.15%] DEVON ENERGY CP (OK) [3.09%] OCCIDENTAL PET [2.97%]

30-Jun-09 EXXON MOBIL CP [8.77%] CHEVRON CORP [8.77%] OCCIDENTAL PET [5.06%] ENCANA CORP [5%] CONOCOPHILLIPS [4.34%] SCHLUMBERGER LTD [4.2%] APACHE CP [3.87%] MARATHON OIL CORP [2.97%] CANADIAN NAT RES [2.78%] DEVON ENERGY CP (OK) [2.75%]

31-Mar-09 Chevron Corporation [7.27%] Exxon Mobil Corp. [7.12%] Occidental Petroleum Corp [4.76%] EnCana Corp [4.4%] ConocoPhillips [3.93%] Apache Corp. [3.78%] Schlumberger Ltd. (Netherlands [3.74%] Marathon Oil Corp. [3.26%] Devon Energy Corp. (New) [2.74%] Barrick Gold Corp. [2.6%]

Click here for Stock Holding Change Map in ING Global Resources I Fund (IGRIX)

  

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See more information on ING Global Resources I Fund (IGRIX)

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