- Global all-cap equity portfolio diversified across commodities, concentrated around positions in companies that own geologically advantaged assets.
- Long-term investment horizon, low portfolio turnover.
- Dedicated RS Global Natural Resources Team averages 21 years investment experience.
Process and Philosophy
- Value-oriented investment philosophy emphasizing capital preservation and through-cycle returns vs. short-term commodity price speculation.
- Emphasis on identification of superior, low-cost companies that own advantaged assets and create value irrespective of commodity prices.
- Private equity approach with hundreds of hours of analysis supporting investment decisions, with a focus on management acumen and returns on capital.
Long-term capital appreciation.
|Total Fund AUM (as of 6/30/13)
|Minimum Investment in IRA
|Maximum Sales Load
|Distribution (12b-1) Fees*
|Total Annual Fund Operating Expenses*1
|Fee Waiver/Expense Reimbursement*1
|Total Annual Fund Operating Expenses After Fee Waiver/Expense Reimbursement*1
|* As reported in the May 1, 2013 Prospectus.|
Note: RS Global Natural Resources Fund is closed to most new investments. Please refer to the prospectus for more information.
As with all mutual funds, the value of an investment in the Fund could decline, so you could lose money. Investing in small- and mid-size companies can involve risks such as having less publicly available information, higher volatility, and less liquidity than in the case of larger companies. Funds that concentrate investments in a certain sector may be subject to greater risk than funds that invest more broadly, as companies in that sector may share common characteristics and may react similarly to market developments or other factors affecting their values. Investments in companies in natural resources industries may involve risks including changes in commodities prices, changes in demand for various natural resources, changes in energy prices, and international political and economic developments. Foreign securities are subject to political, regulatory, economic, and exchange-rate risks not present in domestic investments. The value of a debt security is affected by changes in interest rates and is subject to any credit risk of the issuer or guarantor of the security.
1 RS Investments has contractually agreed to limit the Total Annual Fund Operating Expenses for Class A, C, and K shares so that each of these classes benefits from a level of reimbursement (as expressed in basis points) that is the same as the level of reimbursement for Class Y shares during the period. This expense limitation will continue through April 30, 2014 and cannot be terminated by RS Investments prior to that date without the action or consent of the Fund's Board of Trustees.