Fossil fuels are critical to feeding, clothing and transporting the world’s population of seven billion people – but demand is increasing just as our supply is increasingly in question. According to the US Energy Information Administration’s International Energy Outlook 2012, explosive development in China, India, Brazil and other emerging countries is predicted to grow energy demand by 91% by 2035. At the same time, the cost of finding and extracting the earth’s dwindling supply of fossil fuels is expected to escalate.
Our Global Energy Fund gives you an opportunity to potentially capitalize on these supply and demand trends, by investing in companies involved in traditional and new techniques for exploration, discovery, production and distribution of energy. Our Global Energy Fund invests in conventional energy resources, such as oil and natural gas, as well as alternative energy.
Global Energy Fund through 11/30/2013
|Calendar YTD||1 Year||3 Years||5 Years||10 Years||Since|
| Monthly through|
| Quarterly through|
10/31/2013 (OUT OF 94 FUNDS)
The Overall Morningstar Rating is derived from the weighted average of the fund's three-, five-, and ten-year (if applicable) performance metrics, which are based on risk-adjusted returns.
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|Period||Rating||Funds in Category|
Morningstar Ratings Disclosure
For each fund with at least a three-year history, Morningstar calculates a Morningstar Rating™ based on a Morningstar Risk-Adjusted Return measure that accounts for variation in a fund’s monthly performance (including the effects of sales charges, loads, and redemption fees), placing more emphasis on downward variations and rewarding consistent performance. The top 10% of funds in each category receive 5 stars, the next 22.5% receive 4 stars, the next 35% receive 3 stars, the next 22.5% receive 2 stars and the bottom 10% receive 1 star. (Each share class is counted as a fraction of one fund within this scale and rated separately, which may cause slight variations in distribution percentages.)
©2012 Morningstar, Inc. All Rights Reserved. The information contained herein: (1) is proprietary to Morningstar and/or its content providers; (2) may not be copied or distributed; and (3) is not warranted to be accurate, complete or timely. Neither Morningstar nor its content providers are responsible for any damages or losses arising from any use of this information.
Fund holdings and/or sector allocations are subject to change at any time and are not recommendations to buy or sell any security.
|TOP INDUSTRY SECTORS (as of 10/31/2013)|
|Oil Company - Exploration & Production||41.18%|
|Oil Company -Integrated||38.63%|
|Oil - Field Services||7.01%|
|Oil & Gas Drilling||3.60%|
|Energy - Alternate Sources||3.46%|
|Oil Refining & Marketing||3.32%|
|Oil Field Mach & Equip||2.98%|
|GEOGRAPHIC WEIGHT (as of 10/31/2013)|
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