First State Global Resources Fund Accumulation Shares
At a glance
| Initial charge | 4.00% |
|---|---|
| Initial saving | 3.75% |
| Annual charge | 1.50% |
| Annual saving | 0.150% ² |
| Total Expense Ratio | 1.56% |
| Launch date | 27-10-2003 |
| Launch price | £1.00 |
| Sector | Specialist |
| Fund size | £261 million |
| Number of holdings | 98 |
| Fund type | OEIC |
| Type of units | Accumulation |
Ways to Invest
Find out how to invest in this fundHL Research - Our view on this Fund
Resources companies had a great start to 2008, but have suffered heavily more recently. The fund has large positions in a number of major diversified companies such as BHP Billiton, Rio Tinto and the Brazilian mining company CVRD. Joanne Warner believes these businesses are well placed for growth given their exposure to a range of commodities. They are also better placed to deal with rising cost pressures due to their size.
Full research
About the Fund Manager
Dr Joanne Warner
Located in: Sydney
Senior Portfolio Manager, Global Resources
Joanne Warner joined First State Investments in August 1997 as Portfolio Manager in the global resources team.
Joanne moved into the financial sector with the global mining specialist broker, T Hoare & Co, where she spent two years as an analyst before moving to Equitilink as Fund Manager in the resources sector.
Joanne was awarded a Commonwealth Scholarship to study at the University of Oxford where she was awarded a Ph.D. in Solid State Chemistry. She also holds a Bachelor of Applied Science (Applied Chemistry) from University of Technology, Sydney where she won the University Medal.
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Income details
| Running yield | N/a |
|---|---|
| Income paid | Bi-annually |
| Type of payment | Dividend |
All yields are variable and not guaranteed. There is currently no yield information available for this fund.
Distribution dates
| Ex-dividend date | 01 February 2008 |
|---|---|
| Payment date ³ | 31 March 2008 |
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Top 10 holdings
| Companhia Vale do Rio Doce ADS Cl A Pfd. | 9.06% |
|---|---|
| BHP Billiton | 8.92% |
| Rio Tinto | 8.30% |
| Exxon Mobil Corp. | 6.42% |
| Range Resources Corp. | 3.58% |
| Goldcorp | 3.19% |
| LEGACY ENERGY | 3.17% |
| Potash Corp. of Saskatchewan | 3.05% |
| Lihir Gold | 2.96% |
| Petroleo Brasileiro S/A ADS A | 2.90% |
Top 10 sectors
| Mining | 42.98% |
|---|---|
| Oil & Gas Producers | 24.94% |
| Industrial Metals & Mining | 13.80% |
| Cash and Equiv. | 4.64% |
| Non-Classified | 3.39% |
| Chemicals | 3.05% |
| General Industrials | 2.18% |
| Oil Equipment, Services & Distribution | 1.64% |
| Financial Services | 1.59% |
| Gas, Water & Multiutilities | 1.55% |
Top 10 countries
| United Kingdom | 24.09% |
|---|---|
| Canada | 21.69% |
| United States | 18.35% |
| Brazil | 11.96% |
| Australia | 9.05% |
| Cash and Equiv. | 4.64% |
| Non-Classified | 3.21% |
| Papua New Guinea | 2.96% |
| South Africa | 2.01% |
| Hong Kong | 0.73% |
² Annual saving is not available in the SIPP.
³ If you elect to receive the income from a Vantage ISA, Fund or Share Account, we will collect any dividends for you and then pay them directly into your bank account within the first 10 working days of the following month.
Last valuation as at 03-12-2008. Data accurate as at 31/10/2008.
