Leuthold Global Clean Technology Fund Retail Class (LGCTX)
Expense Ratio: 1.86%
Expected Lifetime Fees: $50,696.76
The Leuthold Global Clean Technology Fund Retail Class fund (LGCTX) is a Equity Energy fund started on 07/22/2009 and has $11.70 million in assets under management. The current manager has been running Leuthold Global Clean Technology Fund Retail Class since 02/22/2010. The fund is rated by Morningstar. In addition to trading fees and broker commissions, this fund has 12b-1 fees of 0.25%
Energy Select Sector SPDR (XLE)
Expense Ratio: 0.19%
Expected Lifetime Fees: $6,157.84
The Energy Select Sector SPDR (XLE) is an Exchange Traded Fund. It is a "basket" of securities that index the Equity Energy investment strategy and is an alternative to a Equity Energy mutual fund. Fees are very low compared to a comparable mutual fund like Leuthold Global Clean Technology Fund Retail Class because computers automatically manage the stocks.
| Mutual Fund Name | Ticker Symbol | Turnover | Assets (M) | Annual Fees |
|---|---|---|---|---|
| BlackRock All-Cap Engy & Res Inst | BACIX | 22.0% | 600 | 0.94% |
| BlackRock All-Cap Engy & Res Investor A | BACAX | 22.0% | 600 | 1.36% |
| BlackRock Energy & Resources Instl | SGLSX | 40.0% | 953 | 0.94% |
| BlackRock Energy & Resources Inv A | SSGRX | 40.0% | 953 | 1.29% |
| BlackRock Energy & Resources Inv A | SSGSZ | 40.0% | 953 | 1.29% |
| Fidelity Advisor Energy A | FANAX | 91.0% | 606 | 1.16% |
| Fidelity Advisor Energy A | FANSZ | 91.0% | 606 | 1.16% |
| Fidelity Advisor Energy I | FANIX | 91.0% | 606 | 0.86% |
| Fidelity Advisor Energy T | FAGNX | 91.0% | 606 | 1.37% |
| Guinness Atkinson Global Energy | GAGEX | 28.2% | 114 | 1.27% |
| ICON Energy S | ICENX | 88.3% | 536 | 1.20% |
| Ivy Energy Y | IEYYX | 20.0% | 108 | 1.49% |
| SteelPath MLP Income A | MLPDX | 24.0% | 382 | 1.35% |
| SteelPath MLP Income I | MLPZX | 24.0% | 382 | 1.10% |
| Vanguard Energy Adm | VGELX | 24.0% | 10,900 | 0.28% |
| Vanguard Energy Index Adm | VENAX | 11.0% | 1,900 | 0.19% |
| Vanguard Energy Inv | VGENX | 24.0% | 10,900 | 0.34% |
Turnover
Turnover represents how much of a mutual fund's holdings are changed over the course of a year through buying and selling. Active mutual funds have an average turnover rate of about 85%,
meaning that funds are turning over nearly all of their holdings every year. A high turnover means you could make lower returns because: 1) buying and selling stocks costs money through
commissions and spreads and 2) the fund will distribute yearly capital gains which increases your taxes. Look for funds with turnover rates below 50%. For comparison, ETF turnover rates
average around 10% or lower.
Assets
Generally, smaller funds do better than larger ones. The more assets in a mutual fund, the lower the chance that it will beat its index. Managers outperform an index by choosing stocks
that are undervalued. In order to find these undervalued stocks, the manager has to know more than his competitors to develop an "edge." There are only a finite number of stocks a mutual
fund manager can reasonably analyze and actively track to gain such a competitive edge. When the fund has more assets, the manager must analyze large companies because he needs to take
larger positions. Large companies are more efficiently priced in the market and it becomes increasingly difficult to get an edge.
