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 | $5,000 $1,000 IRA $250 Subsequent |
| CUSIP # | 402031 40 5 |
| Expense Ratio | 1.99% (gross) 1.45% (net) |
| Benchmark | MSCI World Energy Index |
| Redemption Fee | None |
| 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
| Avg. Annualized Total Return |
Calendar YTD | 1 Year | 3 Years | 5 Years | 10 Years | Since Inception |
|---|---|---|---|---|---|---|
|
Monthly through 02/28/2023 |
-1.98% | 14.21% | 18.60% | 3.88% | -0.02% | 5.59% |
|
Quarterly through 12/31/2022 |
34.33% | 34.33% | 8.86% | 2.92% | 0.60% | 5.75% |
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 02/28/2023) | |
|---|---|
| Oil Company - Integrated | 53.66% |
| Oil Company - Exploration & Production | 22.19% |
| Oil & Gas - Field Services | 8.92% |
| Oil Refining & Marketing | 5.07% |
| Intergrated Oil & Gas | 3.17% |
| Oil & Gas - Pipelines and Transportation | 2.49% |
| Oil & Gas Storage & Transportation | 2.25% |
| Energy - Alternate Sources | 0.52% |
| GEOGRAPHIC WEIGHT (as of 02/28/2023) | |
|---|---|
| United States | 46.64% |
| Canada | 15.54% |
| United Kingdom | 6.60% |
| France | 5.35% |
| Netherlands | 4.69% |
| Norway | 3.99% |
| Spain | 3.96% |
| Portugal | 3.31% |
| China | 2.89% |
| Italy | 2.72% |
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…
“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…
Jonathan Waghorn is well known and regarded in the energy sector for his rigorous and disciplined investment process. With over 17 years of experience working in the energy investment sector, his investment process is one that has been sharply honed. With a master’s degree in physics, Jonathan is able to bring…
Global Energy Fund Information
Global Energy Outlook
An outlook on energy, its supply and demand, and historical context, which aims to inform investors about factors impacting the Global Energy market.
Guinness Atkinson Asset Management and Guinness Atkinson Funds are in no way affiliated with Guinness Oil & Gas.
The Advisor has contractually agreed to reimburse expenses (excluding Acquired Fund Fees and Expenses, interest, taxes, dividends on short positions and extraordinary expenses) in order to limit the Fund’s Total Annual Operating Expenses to 1.45% through June 30, 2025. To the extent that the Advisor absorbs expenses to satisfy this cap, it may recoup a portion or all of such amounts absorbed at any time within three fiscal years after the fiscal year in which such amounts were absorbed, subject to the expense cap in place at the time recoupment is sought, which cannot exceed the expense cap at the time of the waiver. The expense limitation agreement may be terminated by the Board of the Fund at any time without penalty upon 60 days’ notice.