Global Energy Fund
“It may be hyperbole to suggest that petroleum fuels the very rotation of the earth, but it’s hard to overstate its importance in powering the planet.“
- Tim Guinness, Fund Manager
| Symbol | GAGEX |
| Inception Date | 06/30/2004 |
| Minimum Investment | |
| CUSIP # | 402031 40 5 |
| Benchmark | MSCI World Energy Index |
| Expense Ratio | 1.35% |
| Redemption Fee | 2% for 30 Days |
| Load | None |
| Morningstar Category | Equity Energy |
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 04/30/2013
| Avg. Annualized Total Return |
Calendar YTD | 1 Year | 3 Years | 5 Years | 10 Years | Since Inception |
|---|---|---|---|---|---|---|
|
Monthly through 04/30/2013 |
4.09% | 2.43% | 1.81% | -3.20% | n/a | 12.19% |
|
Quarterly through 03/31/2013 |
5.24% | 1.34% | 3.11% | -0.32% | n/a | 12.45% |
04/30/2013 (OUT OF 88 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.
|
Fund Category: Equity Energy |
||
|---|---|---|
| Period | Rating | Funds in Category |
| 3-Year | 2 | 88 |
| 5-Year | 3 | 69 |
| 10-Year | n/a | |
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 04/30/2013) | |
|---|---|
| Oil Company -Integrated | 42.40% |
| Oil Company - Exploration & Production | 40.24% |
| Oil - Field Services | 7.39% |
| Oil & Gas Drilling | 4.10% |
| Oil Refining & Marketing | 3.15% |
| Energy - Alternate Sources | 1.72% |
| Machinery | 0.09% |
| GEOGRAPHIC WEIGHT (as of 04/30/2013) | |
|---|---|
| United States | 54.81% |
| United Kingdom | 8.99% |
| Canada | 8.30% |
| China | 5.12% |
| Netherlands | 3.40% |
| Austria | 3.37% |
| Italy | 3.34% |
| France | 3.34% |
| Norway | 3.32% |
| Russia | 1.76% |
Fund Manager
“Progress is exciting— it’s an opportunity to meet new and complex challenges. And every Guinness Atkinson Fund presents an opportunity to invest in progress.“
As a Founder and the Chief Investment Officer of Guinness Atkinson Funds, Tim Guinness is a logic-based value investor with nearly 40 years of experience. He believes in hard work and discipline, subjecting stocks to a gauntlet of due diligence. His investment strategy, a draw not only for investors but…
“The investment process can seem complex but in reality we're looking for companies that create wealth by enriching consumers.“
Massive, overwhelming quantities of data are a welcome sight to Dr. Ian Mortimer. With a background in physics and the skills he picked up while getting his doctorate—such as logical thinking, math, and data analysis—he is able to recognize patterns and meaning where others may see only chaos and noise.…
“Global energy concerns are going to be absolutely central to political and social decisions that are made over the next decade.“
Will Riley has a mind for finance and a passion for global energy. With over twelve years in finance and eight years of valuation analysis, his goal is to find the most attractive investments across the global energy spectrum. While mainstream energy is clearly an issue of central importance today, Will…
Global Energy Fund Information
Energy eBriefs
Commentary, reviews and updates from our Portfolio Managers regarding Energy