IGE is essentially US-based Big Oil with a smattering of gold names. These are the top-10 holdings (according to Yahoo):
XOM 8.22% CVX 7.50% COP 5.49% SLB 4.96% OXY 4.71% SU 3.45% ABX 3.36% CNQ 2.72% GG 2.42% NEM 2.28%
I’d rather own my preferred natural-resources names directly, which saves the 50-basis-point fund fee and allows me to control when capital-gains taxes are realized.