This Day On The Street
Continue to site right-arrow
ADVERTISEMENT
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
TheStreet Open House

Miners Drive Global Commodity Stock Fund

Stocks in this article: FFGCXFSAGXRTP

From its inception on March 31 to the end of 2009, FFGCX has returned 48.0 percent, compared with the 41.5 percent return in the benchmark, which shows that Wickwire has added value for investors.

Outperformance hasn't come from the No. 1 holding, however. Monsanto (MON), with 5.4 percent of assets at the end of November, has only gained 17.7 percent in 2009. Top-ten holdings Chevron (CVX), with 2.3 percent of assets, and Potash (POT), with 2.9 percent of assets, weren't drivers of the outperformance either, although they did put in strong performances.

It was top-ten holdings in three miners that delivered outperformance for the fund: Rio Tinto (RTP), 2.5 percent of assets, BHP Billiton (BHP), 3.7 percent of assets, and Vale (VALE), 2.3 percent of assets, gained 44.1 percent, 55.4 percent and 90.0 percent, respectively, since the fund's inception.

While miners delivered the returns, the fund has a slightly larger allocation to energy, with 33.0 percent of assets in that sector through November, compared with 33.8 percent for the benchmark through September. The agricultural and metals sectors are not broken out separately.

Geographically, the U.S. dominates, with 41.9 percent of assets, followed by 15.3 percent in the U.K., 11.1 percent in Canada, 5.4 percent in Brazil and 3.3 percent in Switzerland.

It's the international exposure that provides the main benefit for FFGCX. Many companies in the commodity sectors rely on global economic growth and global market prices, with the most obvious example being crude oil. However, individual countries may deviate from global economic trends, and more important, they often deviate in terms of financial performance.

2 of 3

Select the service that is right for you!

COMPARE ALL SERVICES
Action Alerts PLUS
Try it NOW

Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
  • Weekly roundups
TheStreet Quant Ratings
Try it NOW
Only $49.95/yr

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
  • Upgrade/downgrade alerts
Stocks Under $10
Try it NOW

David Peltier, uncovers low dollar stocks with extraordinary upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
  • Weekly roundups
Dividend Stock Advisor
Try it NOW

Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Alerts when market news affect the portfolio
  • Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
Real Money Pro
Try it NOW

All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.

Product Features:
  • Real Money + Doug Kass Plus 15 more Wall Street Pros
  • Intraday commentary & news
  • Ultra-actionable trading ideas
Options Profits
Try it NOW

Our options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • 100+ monthly options trading ideas
  • Actionable options commentary & news
  • Real-time trading community
  • Options TV
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!
DOW 17,390.52 +195.10 1.13%
S&P 500 0.00 -2.75 -0.14%
NASDAQ 4,630.7410 +64.6030 1.41%

Brokerage Partners

Rates from Bankrate.com

  • Mortgage
  • Credit Cards
  • Auto

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs