The Sextant International Fund (MUTF:SSIFX) is an IRA fund that seeks long-term capital growth through a diversified portfolio of international securities. It invests across industries, companies and countries but prefers larger and more established firms.
Here are the specifics for the Sextant International Fund for today’s mutual fund spotlight:
Investing Strategy: The fund seeks long-term capital growth securities. Almost 73% of the fund’s assets are invested in stocks. The remaining assets are held in cash.
Expense Ratio: With a 1.03 expense ratio and no transaction fee, the fund is one of the cheaper funds in the foreign large blend category, and it has a Morningstar Rating of five stars.
Top 5 Holdings: The top stocks in the Sextant International Fund include Canada-based mineral exploration, acquisition and development company Teck Resources Ltd. (Subordinate Voting Share) (NYSE:TCK.B) at 2.83%, pharmacy company Novartis AG (ADR) (NYSE:NVS) at 2.09%, Latin American airline passenger and cargo services providers Copa Holdings, S.A. (NYSE:CPA) at 2.02% and Lan Airlines S.A. (ADR) (NYSE:LFL) at 2.01%, and fertilizer and feed products Potash Corp. (NYSE:POT) at 1.98%.
Returns: The Sextant International Fund 12-month return of about 15% underperformed the broader market’s return of about 23% return over the same period. Its five-year return of about 38% outperformed the Dow Jones Industrial Average’s 14% return and the S&P 500’s approximate return of 6% over the same period.
Other Fund Statistics
- Total Assets: $184.24 million (as of 7/15/11)
- Minimum Investment: $1,000 ($100 IRA)
- Fund Manager: Nicholas Kaiser
- Manager’s Tenure: September 2009