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Global Natural Resources Fund - R2 (JGNZX)

Global Natural Resources Fund - R2 (JGNZX)
Overview Performance and Ratings Holdings and Details Management Dividends and Capital Gains Fees and Expenses Sales Resources
Top ten holdings (as of 3/31/2014)
1. Freeport-McMoRan Copper & Gold, Inc. 5.3%
2. BHP Billiton plc 5.2%
3. Rio Tinto plc 5.0%
4. First Quantum Minerals Ltd. 4.9%
5. Glencore Xstrata plc 4.7%
6. Anadarko Petroleum Corp. 4.6%
7. Royal Dutch Shell plc, Class B 3.2%
8. Lundin Mining Corp. 3.2%
9. Cenovus Energy, Inc. 2.4%
10. BG Group plc 2.2%
Total of top ten 40.7%
Industry breakdown* (as of 3/31/2014)
Diversified Metals & Mining 41.3%
Gold Mining 9.0%
Metals & Mining 1.3%
Oil & Gas Exploration & Production 17.0%
Oil, Gas & Consumable Fuels 16.8%
Precious Metals & Minerals 7.3%
Short-Term Investments 3.8%
Steel 3.5%

* Due to rounding, values may not total 100%.

Portfolio breakdown (as of 3/31/2014)
Country breakdown *
Canada 33.0%
United Kingdom 21.6%
United States 15.3%
Australia 7.1%
Switzerland 5.9%
Netherlands 4.4%
Russia 3.2%
Sweden 2.1%
Short-Term Investments 3.8%
Other 3.7%

* Due to rounding, values may not total 100%.

Portfolio stats (as of 3/31/2014)
Number of Holdings 100
Fund Assets $38.09
(in millions)
Turnover Ratio 26.00%
(Trailing 12 month) (10/31/2013)
Wtd. Avg. Market Cap $38.5
(in billions)
P/E Ratio 13.4
(1 yr. forecast)
P/B Ratio 1.5

What's this? Mouse over an  underlined  word to see its definition. Check out our glossary >

Developments affecting commodities will have a disproportionate impact on the Fund. The natural resources and energy sectors can be significantly affected by changes in the prices and supplies of oil, gas and other energy fuels, exploration and production spending and the success of energy spending, energy conservation, and tax and other government regulations, policies of the Organizations of Petroleum Exporting Countries (OPEC) and oil importing nations. Therefore, the securities of companies in the energy and natural resources sectors may experience more price volatility than companies in other industries. Use of leveraged commodity-linked derivatives creates an opportunity for increased return but, at the same time, creates the possibility for greater loss (including the likelihood of greater volatility of the Fund's net asset value), and there can be no assurance that the Fund's use of leverage will be successful.

International investing involves a greater degree of risk and increased volatility. Changes in currency exchange rates and differences in accounting and taxation policies outside the U.S. can raise or lower returns. Also, some overseas markets may not be as politically and economically stable as the United States and other nations. The risks associated with foreign securities are magnified in countries in "emerging markets." These countries may have relatively unstable governments and less-established market economies than developed countries. Emerging markets may face greater social, economic, regulatory and political uncertainties. These risks make emerging market securities more volatile and less liquid than securities issued in more developed countries.

Asset allocation/diversification does not guarantee investment returns and does not eliminate the risk of loss.

The top 10 holdings listed reflect only the Fund's long-term investments. Short-term investments are excluded. Holdings are subject to change. The holdings listed should not be considered recommendations to purchase or sell a particular security. Each individual security is calculated as a percentage of the aggregate market value of the securities held in the Fund and does not include the use of derivative positions, where applicable.

P/E ratio: the number by which earnings per share is multiplied to estimate a stock's value.

P/B ratio: the relationship between a stock's price and the book value of that stock.

EPS: Total earnings divided by the number of shares outstanding.