ING Global Real Estate A (MUTF: IGLAX)
The investment objective of ING Global Real Estate fund is to provide high total return, consisting of capital appreciation and current income. The mutual fund utilizes its net assets to purchase a portfolio of equity securities of companies that are principally engaged in the real estate industry. It may invest in companies located in countries with emerging securities markets. The fund may invest in other investment companies, including exchange-traded funds (ETFs).
Fund Profile
- Fund Inception Date: 11/4/2001
- Ticker Symbol: IGLAX
- CUSIP: 44980R326
- Beta (3yr): 0.98
- Rank in category (YTD): %
- Category: Global Real Estate
- Distribution: 2.02%
- Capital Gains: 0%
- Expense Ratio: 1.31%
- Net Assets: $ 4.48 billion
- Number of Years Up: 7 years
- Number of Years Down: 3 years
- Annual Turnover Rate: 37.99%
T. Ritson Ferguson is the current fund manager. He started managing this fund in November 2001. He is assisted Steven D. Burton and Joseph P. Smith. It has total net assets of $4.48 billion. Its annual expense ratio is 1.31%. It also has a 12-month dividend yield of 2.02%. Investors of this fund have just received its dividend in September 2012 in the amount of $0.09. There is a 12b1 fee of 0.25% and a front-end sales load fee of 5.75%.
Top 8 Global Real Estate Equity Mutual Funds 2012
Morningstar analysts rank this global real estate mutual fund with Silver and 3-stars rating. It has YTD return of 19.07% and 5-year annualized return of -2.67%. The best 1-year total return was achieved in 2003 with 41.35% and the worst 1-year total return was occurred in 2008 with -41.53%. Based on the load adjusted returns, the fund’s performance is listed below:
- 1-year: 7.48%
- 3-year: 9.10%
- 5-year: -3.82%
- 10-year: 10.92%
As of September 2012, this international equity fund has 95 total holdings. The top 10 holdings represent 29.14% of the total investments. The top 10 stocks are Simon Property Group Inc (4.83%), Mitsubishi Estate Co Ltd (3.80%), Mitsui Fudosan Co Ltd (3.16%), Westfield Group (3.04%), Boston Properties Inc (2.78%), Unibail-Rodamco SE (2.59%), Host Hotels & Resorts Inc (2.48%), Cheung Kong Holdings Ltd (2.35%), Macerich Co (2.08%) and General Growth Properties Inc (2.03%). The top property sector breakdown is Diversified Property Holdings (26.40%).
According to the fund prospectus, the principal investment risks are company risk, concentration risk, convertible securities risk, currency risk, Foreign Investments/ Developing and Emerging Markets risk, Initial Public Offerings Risk, Issuer Non-Diversification Risk, Liquidity Risk, Market Risk, Market Capitalization Risk, Other Investment Companies Risk, etc.
Disclosure: No Position
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