The World Energy fund considers investment opportunities for you on a global scale. While many of the changes occurring in the energy sector are cyclical and commodity-based, the World Energy Fund seeks to remove some cyclicality from the fund and capitalize on secular trends.
We pursue growth and income returns for you by investing in a wide range of energy-related financial instruments issued in the U.S. and markets around the world. Investments typically include a combination of common stock, bonds and exchange traded funds (ETFs) but may also include other asset types related to energy-industry activities. The team pursues opportunities with attractive risk/return profiles and a favorable margin of safety.
Our Equity funds focus on growing companies that can strengthen your portfolio—and your equity. We believe that we build fundamentally based equity funds focused on stability and risk-mitigation in evolving market environments—funds that seek to deliver long-term results for you.
We invest in companies that are gaining market share and exhibiting strong potential. We examine protective barriers around competitive advantages for each company, analyze financial results and develop expectations for the future.
Note: Equity securities are more volatile and carry more risk than other forms of investments.
How We Make Equity Funds Work For You:
We constantly seek to identify companies capable of generating solid returns for you. We also consider secular trends that lend themselves to long-term investment horizons.
We evaluate risk and reward based on our expectations of company fundamental performance.
We value assets relative to market and growth prospects.
We monitor our investments closely. If we believe the investment prospects are less than we expected, we remove the stock from the portfolio.
Equity securities (stocks) are more volatile and carry more risk than other forms of investments, including investments in below investment-grade fixed income securities. Fixed income securities are subject to interest rate risks. The principal value of a bond falls when interest rates rise and rise when interest rates fall. During periods of rising interest rates, the value of a bond investment is at greater risk than during periods of stable or falling rates. International investing involves increased risk and volatility. Equity securities (stocks) are more volatile and carry more risk than other forms of investments, including investments in high-grade fixed income securities. Mid- and small-cap companies may be more vulnerable to adverse business or economic developments. International investing involves increased risk and volatility. The Fund's concentration in energy-related industry securities may present more risks than would be the case with funds that diversify investments in numerous industries and sectors of the economy. A downturn in the energy sectors would have a larger impact on the Fund than on a fund that does not concentrate in these industries. Energy sector securities can be significantly affected by events related to political developments, energy conservation, commodity prices, and tax and government regulations. The performance of securities in the Fund may, at times, lag the performance of companies in other sectors or the broader market as a whole. Emerging market investing may be subject to additional economic, political, and currency risks not associated with more developed countries..
|Overall Morningstar Rating|
Category: Lipper Global Natural Resources Funds (as of 9/30/2019)
|Class A||Class C||Institutional||Investor|
|Net Asset Value||$7.01||$6.94||$7.03||$7.02|
|Gross Expense Ratio||1.42%||2.32%||1.32%||1.57%|
|Net Expense Ratio||1.16%||1.91%||0.91%||1.16%|
|Total Net Assets||$20,735,596|
|Number of Holdings||72|
|Trailing 4 Quarters P/E Ratio||15.5x|
|Mean (Average) Market Capitalization||$49.1 bil.|
Contractual fee waivers are currently in effect from December 26, 2018 through December 31, 2019.