ING Russia Fund Class A (LETRX)

27.27
Net Asset Value
+1.07%
1 Day
-20.82%
Year-to-Date
Overall Morningstar Rating
Miscellaneous region
Style or Category
5.75
Sales Expenses
2.01%
Expense Ratio
High
Morningstar Risk Rating™
Investment Objective The investment seeks long-term capital appreciation through investment primarily in equity securities of Russian companies. The fund normally invests at least 80% of net assets in equity securities of Russian companies. It may invest the other 20% of assets in debt securities issued by Russian companies and debt securities issued or guaranteed by the Russian government without any restrictions based on investment quality or maturity of the debt securities. The fund may also invest in the equity securities of companies located outside of Russia, including those companies located in the former Soviet Union. It is non-diversified.

Performance

1 month+3.02% 3 years-14.24%
3 months-16.96% 5 years+8.55%
1 year-7.20% Since inception+10.01%
Data through --

Peer Comparisonvs. Miscellaneous region

 LETRXCategory
Performance 5-yr return+8.55%+15.25%
Expense ratio2.01%1.90%
Risk 5 year sharpe ratio0.560.78
Net assets$131.6M$281.7M
Average market cap$24.8B$25.6B
Average P/E8.613.3
Portfolio turnover28%28%

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Fund Management and Purchase Info

Fund familyING Funds
Fund manager & tenureNathan Griffiths / 1 Years
Minimal initial investment$1,000.00
Minimum IRA investment$250.00

Holdings

International stock98.23%
Other1.86%
U.S. stock0.00%
Fixed income0.00%
Cash0.00%
Top 5 Sectors
Portfolio weighting
Energy 39.45%
Industrial materials 32.66%
Financial service 17.16%
Telecommunication 4.41%
Consumer service 2.62%
Top 10 Holdings
Portfolio weighting
-- OJSC Magnit14.06%
LUKOY OAO Lukoil ADR11.10%
-- Sberbank Of Russia8.61%
-- Surgutneftegas OJSC6.55%
-- OAO Novatek GDR5.20%
-- OAO Gazprom4.75%
-- Transneft OJSC4.24%
-- Megafon OJSC GDR4.21%
OAOFY OAO Tatneft ADR3.21%
MBT Mobile Telesystems OJSC ADR2.87%

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