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IGNIX - Ivy Global Natural Resources I

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Ivy Global Natural Resources I (IGNIX)
Expense Ratio: 1.02%
Expected Lifetime Fees: $30,310.69


The Ivy Global Natural Resources I fund (IGNIX) is a Natural Resources fund started on 04/2/2007 and has $3.10 billion in assets under management. The current manager has been running Ivy Global Natural Resources I since 01/24/1997. The fund is rated by Morningstar. This fund does not charge 12b-1 fees.

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 Ivy Global Natural Resources I because computers automatically manage the stocks.




The Following Natural Resources Funds Have Lower Fees Than Ivy Global Natural Resources I (IGNIX). Why are these metrics important?
Mutual Fund Name Ticker Symbol Turnover Assets (M) Annual Fees
BlackRock Natural Resources Instl MAGRX 2.0% 471 0.82%
Columbia Energy & Nat Resources Z UMESX 167.0% 475 0.99%
Fidelity Advisor Materials I FMFEX 94.0% 1,300 0.84%
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%
Prudential Jennison Natural Resources Fund Class Q PJNQX 34.0% 4,300 0.76%
Prudential Jennison Natural Resources Z PNRZX 34.0% 4,300 0.88%
Putnam Global Natural Resources Trust Class Y PGRYX 90.0% 307 1.01%
T. Rowe Price New Era PRNEX 26.5% 4,000 0.67%
Van Eck Global Hard Assets I GHAIX 40.0% 3,600 1.01%
Vanguard Materials Index Adm VMIAX 14.0% 721 0.19%



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Why Are These Metrics Important?


Turnover
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.

Assets
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.