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Address And Details

335 Madison Avenue, 19th Floor , New York, NY 10017
Fund Manager Shawn Reynolds
Manager Tenure 11 Years 4 Months

Strategy And Objective

The Global Hard Assets Fund seeks long-term capital appreciation by investing primarily in hard asset securities. Income is a secondary consideration. Under normal conditions, the Fund invests at least 80% of its net assets in securities of hard assets companies and instruments that derive their value from hard assets. Hard assets include precious metals (including gold), base and industrial metals, energy, natural resources and other commodities. A hard assets company is a company that derives, directly or indirectly, at least 50% of its revenues from exploration, development, production, distribution or facilitation of processes relating to hard assets. The Fund concentrates its investments in the securities of hard assets companies and instruments that derive their value from hard assets. The Fund may invest without limitation in any one hard assets sector and is not required to invest any portion of its assets in any one hard assets sector. The Fund may invest in securities of companies located anywhere in the world, including the U.S. Under ordinary circumstances, the Fund will invest in securities of issuers from a number of different countries, and may invest any amount of its assets in emerging markets. The Fund may invest in securities of companies of any capitalization range. Utilizing qualitative and quantitative measures, the Fund's investment management team selects equity securities of companies that it believes represent value opportunities and/or that have growth potential. Candidates for the Fund's portfolio are evaluated based on their relative desirability using a wide range of criteria and are regularly reviewed to ensure that they continue to offer absolute and relative desirability. The Fund may use derivative instruments, such as structured notes, warrants, currency forwards, futures contracts, options and swap agreements, to gain or hedge exposure to hard assets, hard assets companies and other assets. The Fund may enter into foreign currency transactions to attempt to moderate the effect of currency fluctuations. The Fund may write covered call options on portfolio securities to the extent that the value of all securities with respect to which covered calls are written does not exceed 10% of the Fund's net asset value. The Fund may also invest up to 20% of its net assets in securities issued by other investment companies, including exchange-traded funds ( ETFs ). The Fund may also invest in money market funds, but these investments are not subject to this limitation. The Fund may invest in ETFs to participate in, or gain exposure to, certain market sectors, or when direct investments in certain countries are not permitted or available.

Net Asset Value

as of 6:20 PM ET 01/14/2022

Performance

  • 1 Week
  • +3.28%
  • 1 Month
  • +6.65%
  • 3 Months
  • +1.14%
  • 1 Yr Return
  • +7.52%
  • 5 Yr Return
  • +5.99%

Equity Sector Breakdown

IndustrialCyclical 42.73%
Energy 21.90%
NonDurables 6.96%
Finance 4.41%
Utilities 3.26%
RetailTrade 2.68%
Technology 2.54%
Health 1.14%
ConsumerDurables n/a
Services n/a

Asset Allocation

Asset Type % Of Allocation
Stocks 97.39%
ForeignStocks 25.75%
Cash 0.00%
Bonds 0.00%
Preferred 0.00%
Convertible 0.00%
Other 0.00%
ForeignBonds 0.00%
ForeignHedged 0.00%
Total Net Assets 152.04 M

Risk Measures

Criteria 3 Years 5 Years 10 Years
Alpha -15.84 -17.37 -17.09
Beta 1.50 1.35 1.31
R Squared 0.74 0.61 0.50
Std Deviation 30.46 26.61 24.29
Sharpe Ratio 0.68 0.16 n/a

Purchase Information

as of 6:40 PM ET 01/13/2022
Minimum Initial $1000
Minimum Additional $100
Minimum Initial IRA $0

Performance

Timeframe Average Annual Current Performance Monthly As Of 12/31/2021 Average Annual Current Performance Quarterly As Of 12/31/2021 Avg Annual Current Performance Monthly As Of 12/31/2021 Avg Annual Current Performance Quarterly As Of 12/31/2021
1 Year
  • +18.61%
  • +18.61%
+18.61% +18.61%
3 Year
  • +16.26%
  • +16.26%
+16.26% +16.26%
10 Year
  • -0.47%
  • -0.47%
-0.47% -0.47%
Life Of Fund
  • +7.15%
  • +7.15%
+7.15% +7.15%

Top 10 Holdings

Symbol Company Name % Of Assets
CASH TOTAL*MONEY MARKET 5.60%
PXD PIONEER NATURAL RESOURCES CO 4.10%
HASI HANNON ARMSTRONG SUSTAINABLE 3.82%
FCX FREEPORT MCMORAN INC 3.60%
NTR NUTRIEN LTD 3.47%
FM:CN FIRST QUANTUM MINERALS 3.36%
XEC CIMAREX ENERGY CO 3.18%
FANG ~DIAMONDBACK ENERGY INC 3.16%
STEM STEM INC 3.16%
AAL:LN ANGLO AMERICAN PLC 3.13%

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