RSNRX: Victory Global Natural Resources Fund - MutualFunds.com

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Victory Global Natural Resources A

RSNRX - Snapshot

Vitals

  • YTD Return 3.6%
  • 3 Yr Annualized Return -28.5%
  • 5 Yr Annualized Return -11.7%
  • Net Assets $116 M
  • Holdings in Top 10 78.0%

52 WEEK LOW AND HIGH

$9.76
$4.01
$10.15

Expenses

OPERATING RELATED FEES

  • Expense Ratio 1.69%

SALES FEES

  • Front Load 5.75%
  • Deferred Load N/A

BROKERAGE FEES

  • Turnover 24.00%

TRADING FEES

  • Max Redemption Fee N/A

Min Investment

  • Standard (Taxable) $2,500
  • IRA $1,000

Fund Classification


Compare RSNRX to Popular Natural Resources Industry Equity Funds and ETFs

Overview

Income Profile

Income Risk

Returns Profile

Allocations

Expenses

About

$65.76

+0.55%

$3.91 B

1.86%

$1.21

7.46%

0.13%

$28.21

+0.68%

$3.03 B

3.89%

$1.09

-15.84%

0.47%

$29.00

+1.01%

$2.52 B

2.61%

$0.75

-15.70%

0.69%

$71.74

+0.55%

$2.28 B

1.86%

$1.33

4.88%

0.10%

$140.81

+0.46%

$2.28 B

1.85%

$2.60

5.40%

0.10%

RSNRX - Profile

Distributions

  • YTD Total Return 3.6%
  • 3 Yr Annualized Total Return -29.9%
  • 5 Yr Annualized Total Return -12.8%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio -0.65%
DIVIDENDS
  • Dividend Yield 0.0%
  • Dividend Distribution Frequency Annually

Fund Details

  • Legal Name
    Victory Global Natural Resources Fund
  • Fund Family Name
    Victory Capital
  • Inception Date
    Nov 15, 1995
  • Shares Outstanding
    N/A
  • Share Class
    A
  • Currency
    USD
  • Domiciled Country
    United States
  • Manager
    Mackenzie Davis

Fund Description

The fund normally invests at least 80% of its assets in securities of companies that SailingStone Capital Partners LLC, the fund's sub-adviser, considers to be principally engaged in natural resources industries. It may invest in securities of issuers located anywhere in the world and normally will invest in securities of companies located in at least three countries, which may include the United States. The fund's investment team currently expects that the fund typically will hold between 15 and 30 securities positions. It is non-diversified.


RSNRX - Performance

Return Ranking - Trailing

Period RSNRX Return Category Return Low Category Return High Rank in Category (%)
YTD 3.6% -38.5% 55.9% 32.11%
1 Yr 9.4% -32.6% 64.6% 16.67%
3 Yr -28.5%* -29.0% 12.2% 98.08%
5 Yr -11.7%* -12.5% 18.7% 97.96%
10 Yr -10.9%* -16.1% 10.3% 96.67%

* Annualized

Return Ranking - Calendar

Period RSNRX Return Category Return Low Category Return High Rank in Category (%)
2019 -24.5% -25.1% 36.9% 97.20%
2018 -45.8% -46.3% -6.8% 98.02%
2017 1.0% -39.4% 59.0% 83.84%
2016 N/A -8.0% 446.7% N/A
2015 N/A -57.9% 80.5% N/A

Total Return Ranking - Trailing

Period RSNRX Return Category Return Low Category Return High Rank in Category (%)
YTD 3.6% -38.5% 54.9% 31.19%
1 Yr 3.1% -35.9% 64.6% 39.81%
3 Yr -29.9%* -29.9% 12.2% 100.00%
5 Yr -12.8%* -12.8% 18.7% 100.00%
10 Yr -11.5%* -16.1% 10.3% 97.78%

* Annualized

Total Return Ranking - Calendar

Period RSNRX Return Category Return Low Category Return High Rank in Category (%)
2019 -24.5% -25.1% 36.9% 97.20%
2018 -45.8% -46.3% -6.7% 98.02%
2017 1.0% -3.9% 59.0% 86.87%
2016 N/A -8.0% 103.4% N/A
2015 N/A -57.9% 0.6% N/A

NAV & Total Return History


RSNRX - Holdings

Concentration Analysis

RSNRX Category Low Category High RSNRX % Rank
Net Assets 116 M 788 K 3.91 B 67.57%
Number of Holdings 18 2 317 96.40%
Net Assets in Top 10 89.8 M 419 K 2.64 B 52.25%
Weighting of Top 10 77.98% 17.8% 99.2% 3.60%

Top 10 Holdings

  1. Turquoise Hill Resources Ltd 17.29%
  2. Range Resources Corp 16.58%
  3. First Quantum Minerals Ltd 10.16%
  4. Whitecap Resources, Inc. 5.72%
  5. Sociedad Quimica Y Minera De Chile SA ADR 4.84%
  6. PDC Energy Inc 4.78%
  7. ARC Resources Ltd 4.77%
  8. Peyto Exploration & Development Corp 4.77%
  9. Tourmaline Oil Corp 4.71%
  10. Antero Resources Corp 4.36%

Asset Allocation

Weighting Return Low Return High RSNRX % Rank
Stocks
93.98% 81.88% 100.09% 93.69%
Cash
6.02% -0.09% 12.58% 2.70%
Preferred Stocks
0.00% 0.00% 1.39% 15.32%
Other
0.00% -4.49% 3.58% 10.81%
Convertible Bonds
0.00% 0.00% 0.62% 13.51%
Bonds
0.00% 0.00% 5.01% 22.52%

Stock Sector Breakdown

Weighting Return Low Return High RSNRX % Rank
Energy
56.44% 0.00% 87.52% 9.91%
Basic Materials
43.56% 0.00% 100.00% 64.86%
Utilities
0.00% 0.00% 39.26% 56.76%
Technology
0.00% 0.00% 18.81% 54.05%
Real Estate
0.00% 0.00% 39.44% 27.93%
Industrials
0.00% 0.00% 66.29% 81.08%
Healthcare
0.00% 0.00% 25.97% 25.23%
Financial Services
0.00% 0.00% 4.76% 29.73%
Communication Services
0.00% 0.00% 0.35% 11.71%
Consumer Defense
0.00% 0.00% 41.32% 59.46%
Consumer Cyclical
0.00% 0.00% 41.17% 71.17%

Stock Geographic Breakdown

Weighting Return Low Return High RSNRX % Rank
Non US
56.93% 0.00% 94.62% 26.13%
US
37.05% 5.36% 99.94% 82.88%

RSNRX - Expenses

Operational Fees

RSNRX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 1.69% 0.07% 7.25% 27.27%
Management Fee 1.00% 0.00% 1.25% 90.09%
12b-1 Fee 0.25% 0.00% 1.00% 35.85%
Administrative Fee N/A 0.00% 0.25% N/A

Sales Fees

RSNRX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load 5.75% 0.30% 5.75% 15.79%
Deferred Load N/A 1.00% 5.00% N/A

Trading Fees

RSNRX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Max Redemption Fee N/A 0.30% 2.00% N/A

Related Fees

Turnover provides investors a proxy for the trading fees incurred by mutual fund managers who frequently adjust position allocations. Higher turnover means higher trading fees.

RSNRX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 24.00% 3.00% 129.00% 24.55%

RSNRX - Distributions

Dividend Yield Analysis

RSNRX Category Low Category High RSNRX % Rank
Dividend Yield 0.00% 0.00% 5.87% 39.64%

Dividend Distribution Analysis

RSNRX Category Low Category High Category Mod
Dividend Distribution Frequency Annually Annually Quarterly Annually

Net Income Ratio Analysis

RSNRX Category Low Category High RSNRX % Rank
Net Income Ratio -0.65% -1.04% 5.95% 98.18%

Capital Gain Distribution Analysis

RSNRX Category Low Category High Capital Mode
Capital Gain Distribution Frequency Annually Annually Semi-Annually Annually

Dividend Payout History

View More +

RSNRX - Fund Manager Analysis

Managers

Mackenzie Davis


Start Date

Tenure

Tenure Rank

Jan 03, 2005

15.75

15.8%

MacKenzie B. Davis, CFA, is a Managing Partner of SailingStone Capital Partners LLC, where he is an Investment Analyst and Portfolio Manager. Prior to founding SailingStone, Mr. Davis was an Investment Analyst at RS Investments and Co-Manager of the RS Global Natural Resource strategies. Previously, Mr. Davis was at Fidelity Management & Research Company, where he focused on distressed investment opportunities in the telecommunications, power and energy sectors. He started his career as an Analyst at Goldman Sachs. Mr. Davis holds a Bachelor of Arts in Mathematical Economics and Modern American History from Brown University and is a CFA charterholder.

Kenneth Settles


Start Date

Tenure

Tenure Rank

May 01, 2007

13.43

13.4%

Kenneth L. Settles Jr. has been a Managing Partner of SailingStone since the commencement of its operations in 2014. Prior to forming SailingStone, he was a member of the Hard Assets Team at RS Investment Management Co. LLC. Prior to joining RS Investments in 2006, he was a senior energy analyst at Neuberger Berman, LLC for seven years. Previously, Mr. Settles spent three years at Salomon Smith Barney, Inc. where he was a financial analyst. Mr. Settles is a CFA charterholder.

Brian Lively


Start Date

Tenure

Tenure Rank

Sep 01, 2020

0.08

0.1%

Mr. Lively has been a Partner of SailingStone since the commencement of its operations in 2014. He is currently an investment analyst and portfolio manager. Prior to forming SailingStone in June 2014, Mr. Lively was an investment analyst at RS Investments for the RS Global Natural Resource strategies. From October 2008 through August 2013, he was Managing Director, E&P Research at Tudor, Pickering, Holt & Co., where he served as global head of upstream research. From December 2000 through July 2004 he was a vice president and team leader at Netherland, Sewell & Associates Inc. and a senior project engineer at Exxon Mobil Corporation.

Tenure Analysis

Category Low Category High Category Average Category Mode
0.08 22.52 6.65 10.56