The Guinness Atkinson Global Innovators Fund (MUTF: IWIRX) is an IRA fund focused on companies that the management believes are well positioned to take advantage of advances in technology, communications, globalism or innovative management. It may invest foreign-based companies or those with a significant portion of their holdings in foreign markets, including those in emerging countries.
Here are the specifics for the Guinness Atkinson Global Innovators Fund for today’s mutual fund spotlight:
Investing Strategy: The fund seeks long-term capital appreciation and may invest in companies without regard to their market capitalization. Every cent of the fund’s assets are held in stocks.
Expense Ratio: With its 1.55% expense ratio and no transaction fee, the Guinness Atkinson Global Innovators Fund is expensive and has a Morningstar rating of three stars.
Top 5 Holdings: The top stocks in the Intrepid Small Cap Fund include electronics designer and manufacturer Samsung Electronics Co., Ltd. (BC94) at 4.49%, visual computing technologies provider NVIDIA Corporation (NASDAQ: NVDA) at 4.31%, data, Internet, video and voice service Qwest Communications International, Inc. (NYSE: Q) at 4.01%, Taiwan Semiconductor Manufacturing ADR (NYSE: TSM) at 4.00%, and securities brokerage services provider TD Ameritrade Holding Corporation (NASDAQ: AMTD) at 3.94%.
Returns: The Guinness Atkinson Global Innovators Fund’s 12-month return of 23.05% outperformed the broader market’s 17%. However, its 5-year return of 21.23% also outperformed the Dow Jones Industrial Average’s 8.59& return and the S&P 500’s 1.92% return during the period.
Other Fund Statistics
- Total Assets: $41.82 million (as of 6/27/11)
- Minimum Investment: $5,000 (IRA $1,000)
- Fund manager: Timothy Guinness and Matthew Page
- Manager’s Tenure: Since April 2003 and May 2010.