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Global Natural Resources Fund - R6 (JGRMX)

Global Natural Resources Fund - R6 (JGRMX)
Overview Performance and Ratings Holdings and Details Management Dividends and Capital Gains Fees and Expenses Sales Resources

Objective

The Fund seeks to provide long-term capital appreciation.

Strategy/Investment process

  • Invests primarily in equity and equity-like securities of companies in the natural resources sector.
  • Invests a significant portion of its assets in the gold & precious metals, base metals and energy sub-sectors.
  • Generally invests at least 40% of the portfolio in countries other than the United States.
Performance basics
  Annualized returns (as of 3/31/2014)
  1 Year 3 Year 5 Year Incept
at NAV -2.78% -15.15% N/A -11.41%
MSCI World Index (net of foreign withholding taxes) 19.07% 10.23% N/A 13.08%
Euromoney Mining Gold and Energy Index (net of foreign withholding taxes)^ -9.44% -11.99% N/A -7.50%
Lipper Global Natural Resources Funds Index 12.16% -3.60% N/A 6.66%

Performance Inception Date:11/30/10

The performance quoted is past performance and is not a guarantee of future results. Mutual funds are subject to certain market risks. Investment returns and principal value of an investment will fluctuate so that an investor's shares, when redeemed, may be worth more or less than original cost. Current performance may be higher or lower than the performance data shown. For performance current to the most recent month-end, please call 1-800-480-4111.

^Formerly known as the HSBC Gold, Mining and Energy Index (net of foreign withholding taxes)

Benchmark since inception returns are as of month-end. The performance quoted is past performance and is not a guarantee of future results.

Annual operating expenses (%)
Expense cap expiration date 02/28/2015
Expense cap 0.80%
Total annual operating expenses 1.25%
Fee waivers and/or expense reimbursements 0.45%
Net expenses 0.80%

Net Expenses,Fee waivers and/or expense reimbursements
The Investment Advisor, Administrator and Distributor (the "Service Providers") have contractually agreed to waive fees and/or reimburse expenses to the extent that Total Annual Operating Expenses (excluding Acquired Fund Fees and Expenses, dividend expenses relating to short sales, interest, taxes, expenses related to litigation and potential litigation, extraordinary expenses and expenses related to the Board of Trustees' deferred compensation plan) exceed the expense cap of the average daily net assets through the expense cap expiration date. This contract continues through that date, at which time the Service Providers will determine whether or not to renew or revise it.

Minimum investments
Minimum investments Minimum subsequent investments
Regular $15M Regular No Minimum.
IRA $15M IRA No Minimum.
Daily stats (as of 4/23/2014)
NAV YTD
$9.89 3.67%
$0.00 | 0.00%  
 
NAV as of:
  • Fri
    Mar 14
    2014
    $9.46
     
  • Mon
    Mar 17
    2014
    $9.55
     
  • Tue
    Mar 18
    2014
    $9.61
     
  • Wed
    Mar 19
    2014
    $9.39
     
  • Thu
    Mar 20
    2014
    $9.42
     
  • Fri
    Mar 21
    2014
    $9.47
     
  • Mon
    Mar 24
    2014
    $9.41
     
  • Tue
    Mar 25
    2014
    $9.53
     
  • Wed
    Mar 26
    2014
    $9.48
     
  • Thu
    Mar 27
    2014
    $9.53
     
  • Fri
    Mar 28
    2014
    $9.61
     
  • Mon
    Mar 31
    2014
    $9.63
     
  • Tue
    Apr 01
    2014
    $9.67
     
  • Wed
    Apr 02
    2014
    $9.74
     
  • Thu
    Apr 03
    2014
    $9.76
     
  • Fri
    Apr 04
    2014
    $9.79
     
  • Mon
    Apr 07
    2014
    $9.73
     
  • Tue
    Apr 08
    2014
    $9.90
     
  • Wed
    Apr 09
    2014
    $9.98
     
  • Thu
    Apr 10
    2014
    $9.82
     
  • Fri
    Apr 11
    2014
    $9.76
     
  • Mon
    Apr 14
    2014
    $9.88
     
  • Tue
    Apr 15
    2014
    $9.80
     
  • Wed
    Apr 16
    2014
    $9.84
     
  • Thu
    Apr 17
    2014
    $9.85
     
  • Mon
    Apr 21
    2014
    $9.84
     
  • Tue
    Apr 22
    2014
    $9.89
     
  • Wed
    Apr 23
    2014
    $9.89
     
 
52 Week High $9.98
(3/06/2014)
52 Week Low $7.87
(6/26/2013)
YTD Total Return w/Load N/A
Net Asset Class $38,147.76
Net Asset Fund $41,525,141.76

N/A: Not available at this time

Basics
Ticker JGRMX
CUSIP 48121L338
Share Class Inception Date 11/30/2011
Fund Number 2125
Asset Class Specialty
Cut-off time1 4:00 P.M.

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.

1Please refer to the prospectus for additional information about cut-off times.

The quoted performance of the Fund includes performance of a predecessor fund/share class prior to the Fund's commencement of operations. Please refer to the current prospectus for further information.

The MSCI World Index (net of foreign withholding taxes) is a free float-adjusted market capitalization weighted index that is designed to measure the equity market performance of developed markets. The performance of the index does not reflect the deduction of expenses associated with a fund, such as investment management fees. By contrast, the performance of the Fund reflects the deduction of the fund expenses, including sales charges if applicable. Total return figures assume the reinvestment of dividends. The dividend is reinvested after deduction of withholding tax, applying the maximum rate to nonresident individual investors who do not benefit from double taxation treaties. An individual cannot invest directly in an index.

The Euromoney Mining Gold and Energy Index measures the returns of companies in the energy industry plus metal and mineral extraction industries. The index has equal weightings across gold, mining and energy at each rebalance and covers both emerging and developed markets. The performance of the index does not reflect the deduction of expenses associated with a fund, such as investment management fees. By contrast, the performance of the Fund reflects the deduction of the fund expenses, including sales charges if applicable. An individual cannot invest directly in an index.

The performance of the Lipper Global Natural Resources Funds Index includes expenses associated with a mutual fund, such as investment management fees. These expenses are not identical to the expenses charged by the Fund.

Total return assumes reinvestment of dividends and capital gains distributions and reflects the deduction of any sales charges, where applicable. Performance may reflect the waiver of a portion of the Fund's advisory or administrative fees for certain periods since the inception date. If fees had not been waived, performance would have been less favorable.

©2014, American Bankers Association, CUSIP Database provided by the Standard & Poor's CUSIP Service Bureau, a division of The McGraw-Hill Companies, Inc. All rights reserved.