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
Stocks Under $10 with 50-100% upside potential - 14 days FREE!

IndexIQ’s IQ Global Resources ETF (GRES) Receives 5-Star Overall Morningstar RatingTM

Stocks in this article: CNDA CPI CROP GRES IOIL IQHIX IQHOX KROO MCRO MNA QAI QMN ROOF

The IndexIQ Global Resources ETF (GRES), the first global resources hedged Exchange-Traded Fund, has received a 5-Star Overall Morningstar Rating TM and a 5-Star Three-Year Morningstar Rating TM as of November 30, 2012 out of 22 funds in the Natural Resources category, it was announced today.

Introduced on October 27, 2009, GRES is the broadest commodities and natural resources ETF, including: livestock; precious metals; grains, food and fiber; energy; industrial metals; plus timber, water, and coal. It is based on an index with over five years of live history, designed to reweight its allocations to individual commodity sectors monthly. The fund is diversified both geographically and by sector. We believe GRES offers a unique and market proven methodology and has been among the highest performing ETFs in the commodities and natural resources category during its more than three years of live history, as well as exhibiting among the lowest levels of volatility in its category.

“The last three years have seen tremendous growth in demand for commodities worldwide,” said Adam S. Patti, chief executive officer at IndexIQ. “GRES was introduced into this market to help investors achieve broad exposure to this asset class through a single ETF with a globally diversified portfolio of holdings. The fund offers wide ranging commodities exposure in tandem with the benefits of an Exchange-Traded Fund – liquidity, transparency, and low cost when compared to traditional commodities-oriented hedge fund vehicles.”

As of September 30, 2012, weightings in the fund included Grains, Food & Fiber (27.3 percent): Timber and Livestock (approximately 22 percent each); Industrial Metals (19.4 percent); Water (9.52 percent); Coal (18.71 percent); Precious Metals (3.43 percent); and Energy (3.08 percent). The fund had an Equity Market Hedge (short) position of -25.77 percent as of that date.

As of November 30, 2012, the Fund has performed as follows:

                                       
As of November 30, 2012 As of September 30, 2012  
1 Month   3 Month   YTD   1 Year   3 Year   Since Fund Inception*   Since Index Inception*   1 Year   Since Fund Inception*   Since Index Inception*   Inception Date
GRES                 10/27/2009
Share Price 1.37% 6.95% 5.92% 2.11% 6.47% 6.74% 6.99% 5.51%
NAV 1.57% 6.94% 5.95% 3.01% 6.51% 6.81% 6.83% 5.77%
Index - IQGREST 1.52%   7.12%   7.50%   4.56%   7.59%   7.99%   2.31%   9.15%   7.06%   1.60%   10/31/2007

The performance data quoted above represents past performance. Past performance is not a guarantee of future results. Investment return and value of the Fund shares will fluctuate so that an investor’s shares, when sold, may be worth more or less than their original cost. Current performance may be lower or higher than performance data quoted. Fund returns reflect dividends and capital gains distributions. Fund performance current to the most recent month-end is available by calling 1-888-934-0777 or by visiting www.indexiq.com . The total expense ratio of the Fund is 0.75%.

For 2012, IndexIQ anticipates that holders of GRES will have zero capital gains exposure through the fund.

1 of 4

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!

Markets

DOW 17,765.10 -13.05 -0.07%
S&P 500 2,064.25 +3.02 0.15%
NASDAQ 4,756.8210 +8.4250 0.18%

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