Strategy Attributes

  • 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 Hard Assets Team averages 23 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.


Investment Objective

Long-term capital appreciation.

Style:
Natural Resources Sector

Fund Facts

  (Class A)
Inception 11/15/95
AUM (as of 3/31/12) $3,406,613,071
Ticker RSNRX
CUSIP 74972H705
Minimum Investment $2,500
Minimum Investment in IRA $1,000
Maximum Sales Load 4.75%
Management Fees* 1.00%
Distribution (12b-1) Fees* 0.25%
Other Expenses* 0.23%
Total Annual Fund Operating Expenses*1 1.48%
Fee Waiver/Expense Reimbursement*1 -0.03%
Total Annual Fund Operating Expenses After Fee Waiver/Expense Reimbursement*1 1.45%
* As reported in the May 1, 2012 Prospectus.
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 An expense limitation with respect to the Fund's Total Annual Fund Operating Expenses is imposed pursuant to a written agreement to limit the Total Annual Fund Operating Expenses (excluding expenses indirectly incurred by the Fund through investments in pooled investment vehicles, interest, taxes, investment-related expenses (e.g., brokerage commissions), and extraordinary expenses) for Class A shares to 1.45% and to limit the Total Annual Fund Operating Expenses of each of the other classes of the Fund so that each of those classes benefits from a level of reimbursement (as expressed in basis points) that is the same as the level of reimbursement for Class A shares during the period. This expense limitation will continue through April 30, 2013, and cannot be terminated by RS Investments prior to that date.

You should read the current RS Funds' Prospectus before investing. The RS Funds' Statement of Additional Information (SAI)  provides information about the Funds that may not be contained in the Prospectus.

RS Funds are sold by Prospectus only. You should carefully consider the investment objectives, risks, charges, and expenses of the RS Funds before making an investment decision. The prospectus contains this and other important information. Please read it carefully before investing or sending money. To obtain a printed copy, please call 800-766-3863.

If you are an existing shareholder and would like a copy of the prospectus or need to contact RS Investments, call 800-766-3863. If you are interested in learning more about and how to invest with RS, please contact your financial professional.

The information on this web site is intended for U.S. residents only. The information provided does not constitute a solicitation of an offer to buy, or an offer to sell securities in any jurisdiction to any person to whom it is not lawful to make such an offer.

RS Funds are distributed by: Guardian Investor Services LLC, 7 Hanover Square, New York, NY 10004.

RS is an independent subsidiary of Guardian Investor Services LLC. Guardian Investor Services LLC (GIS), is a registered broker-dealer, registered investment advisor, and a wholly owned subsidiary of The Guardian Life Insurance Company of America.

Not A Deposit / Not FDIC or NCUA Insured / May Lose Value / No Bank or Credit Union Guarantee

GIS is a member: FINRA and SIPC.

© 2010 RS Investment Management Co. LLC
RS Investments is the marketing name for RS Investment Management Co. LLC and its affiliates.