AWTTZ - Allianz RCM Global Water A

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Allianz RCM Global Water A (AWTTZ)
Expense Ratio: 1.57%
Expected Lifetime Fees: $44,081.12

The Allianz RCM Global Water A fund (AWTTZ) is a Natural Resources fund started on 03/31/2008 and has $105.20 million in assets under management. The current manager has been running Allianz RCM Global Water A since 07/22/2010. The fund is rated by Morningstar. In addition to trading fees and broker commissions, this fund has 12b-1 fees of 0.25%

MarketRiders Prefers The Following ETF

iShares S&P North Amer Natural Resources (IGE)
Expense Ratio: 0.48%
Expected Lifetime Fees: $15,089.86

The iShares S&P North Amer Natural Resources (IGE) is an Exchange Traded Fund. It is a "basket" of securities that index the Natural Resources investment strategy and is an alternative to a Natural Resources mutual fund. Fees are very low compared to a comparable mutual fund like Allianz RCM Global Water A because computers automatically manage the stocks.

The Following Natural Resources Funds Have Lower Fees Than Allianz RCM Global Water A (AWTTZ). Why are these metrics important?
Mutual Fund Name Ticker Symbol Turnover Assets (M) Annual Fees
Allianz RCM Global Water Fund Institutional Class AWTIX 73.0% 105 1.30%
BlackRock Natural Resources Instl MAGRX 2.0% 471 0.82%
BlackRock Natural Resources Inv A MDGRX 2.0% 471 1.09%
BlackRock Natural Resources Inv A MNRSZ 2.0% 471 1.09%
Columbia Energy & Nat Resources A EENAX 167.0% 475 1.24%
Columbia Energy & Nat Resources Fund Class R4 CEGFX 167.0% 475 1.11%
Columbia Energy & Nat Resources Z UMESX 167.0% 475 0.99%
Fidelity Advisor Global Commodity Stock Fund FFGCX 71.0% 581 1.08%
Fidelity Advisor Global Commodity Stock Fund Class A FFGAX 71.0% 581 1.32%
Fidelity Advisor Global Commodity Stock Fund Institutional Class FFGIX 71.0% 581 1.03%
Fidelity Advisor Materials A FMFAX 94.0% 1,300 1.13%
Fidelity Advisor Materials I FMFEX 94.0% 1,300 0.84%
Fidelity Advisor Materials T FMFTX 94.0% 1,300 1.42%
Franklin Natural Resources A FNRSZ 23.6% 1,000 1.01%
Franklin Natural Resources A FRNRX 23.6% 1,000 1.01%
Franklin Natural Resources Adv FNRAX 23.6% 1,000 0.71%
Ivy Global Natural Resources A IGNAX 84.0% 3,100 1.39%
Ivy Global Natural Resources I IGNIX 84.0% 3,100 1.02%
Ivy Global Natural Resources Y IGNYX 84.0% 3,100 1.27%
JHancock2 Natural Resources I JNRIX 85.0% 862 1.40%
Prudential Jennison Natural Resources A PGNAX 34.0% 4,300 1.18%
Prudential Jennison Natural Resources Fund Class Q PJNQX 34.0% 4,300 0.76%
Prudential Jennison Natural Resources R JNRRX 34.0% 4,300 1.38%
Prudential Jennison Natural Resources Z PNRZX 34.0% 4,300 0.88%
Putnam Global Natural Resources A EBERX 90.0% 307 1.26%
Putnam Global Natural Resources Trust Class Y PGRYX 90.0% 307 1.01%
RS Global Natural Resources A RSNRX 25.0% 3,100 1.45%
RS Global Natural Resources Y RSNYX 25.0% 3,100 1.12%
T. Rowe Price New Era PRNEX 26.5% 4,000 0.67%
U.S. Global Inv Global Resources Instl PIPFX 232.0% 523 1.29%
Van Eck Global Hard Assets A GHAAX 40.0% 3,600 1.37%
Van Eck Global Hard Assets I GHAIX 40.0% 3,600 1.01%
Van Eck Global Hard Assets Y GHAYX 40.0% 3,600 1.14%
Vanguard Materials Index Adm VMIAX 14.0% 721 0.19%

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Why Are These Metrics Important?

Turnover represents how much of a mutual fund's holdings are changed over the course of a year through buying and selling. Active mutual funds have an average turnover rate of about 85%, meaning that funds are turning over nearly all of their holdings every year. A high turnover means you could make lower returns because: 1) buying and selling stocks costs money through commissions and spreads and 2) the fund will distribute yearly capital gains which increases your taxes. Look for funds with turnover rates below 50%. For comparison, ETF turnover rates average around 10% or lower.

Generally, smaller funds do better than larger ones. The more assets in a mutual fund, the lower the chance that it will beat its index. Managers outperform an index by choosing stocks that are undervalued. In order to find these undervalued stocks, the manager has to know more than his competitors to develop an "edge." There are only a finite number of stocks a mutual fund manager can reasonably analyze and actively track to gain such a competitive edge. When the fund has more assets, the manager must analyze large companies because he needs to take larger positions. Large companies are more efficiently priced in the market and it becomes increasingly difficult to get an edge.