ING Global Natural Resources A (LEXMX) seeks to attain capital appreciation and hedge against the loss of buying power of the U.S. dollar through investment in gold and securities of companies engaged in mining or processing gold throughout the world.. It was incepted in December 1975.
The fund normally invests at least 80% of the value of its total assets in gold bullion and the equity securities of companies engaged in the exploration, mining, processing, fabrication or distribution of gold. It normally invests in companies with a large capitalization, but may also invest in mid and small-sized companies. The fund invests the remaining 20% of its total assets in other precious metals, including silver, platinum, and palladium, and in the equity securities of companies engaged in activities related to them.
The fund has an expense ratio of 1.67%. As of July 2009, it has a portfolio turnover of 86%.
David R. Powers has been lead manager of the fund since December 2007. Powers is a Chartered Financial Analyst and joined ING Investment Management in June 2007 as a senior sector analyst on the fundamental research team.
ING Russia Fund A (LETRX) was incepted in July 1996. The fund seeks long-term capital appreciation through investment primarily in equity securities of Russian companies.
The fund invests at least 80% of its total assets in equity securities of Russian companies. It may invest in companies with any market capitalization. The fund may invest the other 20% of its assets in debt securities issued by Russian companies and debt securities issued or guaranteed by the Russian government without any restrictions based on investment quality or maturity of the debt securities. The fund may also invest in the equity securities of issuers outside of Russia, which the fund believes will experience growth in revenue and profits from participation in the development of the economies of the former Soviet Union.
The fund declares dividends and capital gains annually. It has an expense ratio of 2.52%.
Jan-Wim Derks has been lead manager of the fund since January 2001. Derks is director of global emerging markets equities at ING Investment Management – Europe and has been with the firm since 1997.
ING T. Rowe Price Equity Income A (ITEAX) seeks high total return for taxable investors on an after-tax basis through a diversified portfolio of stocks. It was incepted in December 1998.
The fund normally operates as a diversified fund and invests at least 80% of its total assets in a portfolio of equity securities whose returns depend upon stock market prices. The portfolio managers manage the fund’s portfolio in a manner that attempts to reduce net realized capital gains each year. An emphasis is placed on common stocks of companies which have strong appreciation potential. The fund expects investments to be in common stocks of large, mid-sized, and small companies. The portfolio managers attempt to minimize tax consequences to investors by focusing on low-dividend paying stocks and by reducing annual portfolio turnover.
Shareholders have to make a minimum initial investment of $1,000 to enter this Zacks #1 Rank (“Strong Buy”) fund As of September 2009 it has a portfolio turnover of 12%.
Brian C. Rogers has been lead manager of the fund since March 1999. Rogers received his M.B.A. degree from Harvard University and joined T. Rowe Price in 1982.
Click here to see all the mutual funds offered by ING. Discover Many More Funds
Learn more about the new Zacks Mutual Fund Rank and discover some of the best market-beating mutual funds by browsing our mutual funds section. This part of Zacks.com offers a variety of tools, including mutual fund research, a new mutual fund screener, helpful answers to frequently asked questions and quick access to prospectuses and other information.
By applying the Zacks Rank to mutual funds, investors can find funds that not only outpaced the market in the past but are also expected to outperform going forward.
