
World Energy Fund Commentary
2Q 2020
The Fund’s Institutional share class returned 26.18% during the quarter, compared with 20.54% and 16.97% for the Fund’s benchmarks, the S&P 500 Index1 and the MSCI World Energy Index1, respectively.
The Fund’s Institutional share class returned 26.18% during the quarter, compared with 20.54% and 16.97% for the Fund’s benchmarks, the S&P 500 Index1 and the MSCI World Energy Index1, respectively.
The Fund’s Institutional share class returned 1.66% in the second quarter, compared with the ICE BofA Merrill Lynch 1-5 Year U.S. Corporate/Government Index1, which had a 1.84% return for the quarter.