| Ticker: | GOLDX |
| Manager: | Caesar M.P. Bryan |
| Manager Since: | 07/94 |
| NAV (05/24/2013): | 13.14 |
| Objective: | Equity - Sector Prec Metals |
| Peer: | PM LG |
| Net Assets ($mil): | 324.80 |
| Inception: | 07/11/1994 |
GOLDX : Description
The fund was incepted in July 1994 and is managed by Gabelli Funds, LLC. The fund seeks to provide investors with long-term appreciation of capital. The fund invests at least 80% of its net assets (plus borrowings for investment purposes) in equity securities of foreign and domestic issuers principally engaged in gold-related activities and gold bullion (the '80% Investment Policy'). The fund pays dividends and capital gains annually.
GOLDX : Composition - 05/13
| Stocks | 100.13% |
| Foreign Stocks | 72.17% |
| Cash | 0.00% |
| Bonds | 0.00% |
| Foreign Bonds | 0.00% |
| Preferred | 0.00% |
| Convertible | 0.00% |
| Other | -0.13% |
| Foreign Hedged | 0.00% |
GOLDX : Style Analysis - 05/13
| Large Growth | 15.73% |
| Large Value | 0.00% |
| Small Growth | 0.00% |
| Small Value | 0.00% |
| Foreign Stock | 15.73% |
| Emerging Market | 12.96% |
| Precious Metals | 66.09% |
| Intermediate Bond | 0.00% |
| High Yield Bond | 0.00% |
| Foreign Bond | 0.00% |
GOLDX : Risk Analysis
| Beta v. S&P 500 | -0.03 |
| Beta v. EAFE | 0.43 |
| Beta v. Barclays Agg Bond | 1.55 |
| Alpha 3 Yr | -13.58 |
| Alpha 5 Yr | -2.69 |
| R-Sq 3 Yr | 0.04 |
| R-Sq 5 Yr | 0.13 |
| Std Dev 3 Yr | 28.25 |
| Std Dev 5 Yr | 39.96 |
| Sharpe 3 Yr | -0.33 |
| Sharpe 5 Yr | 0.06 |
GOLDX : Fees
| Expense Ratio | 1.71 |
| % Max Load | NA |
| % Min Load | NA |
| % Deferred Load | NA |
| % Redemption | 2.00 |
| % Max 12 B1 Fee | 0.25 |
| % Max Mgt Fee | 1.00 |
GOLDX : Purchase Choices:
| Min Initial Investment | 1000 |
| Min Subsequent Investment | 0 |
GOLDX : Returns Analysis - Annual
| 2003 | 2004 | 2005 | 2006 | 2007 | 2008 | 2009 | 2010 | 2011 | 2012 | YTD | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| NAV ($) | 18.18 | 16.00 | 20.80 | 24.98 | 28.11 | 20.03 | 29.97 | 35.73 | 23.54 | 21.99 | 13.14 |
| Total Return (%) | 49.41 | -10.88 | 33.61 | 32.12 | 24.74 | -28.74 | 52.13 | 35.71 | -17.22 | -4.25 | -33.51 |
| Annual Dividend Yield (%) | 0.88 | 1.18 | 0.51 | 1.56 | 2.32 | 0.00 | 1.59 | 3.21 | 0.00 | 0.00 | 0.00 |
| Relative Performance | |||||||||||
| Rel Performance-S&P500(%) | 207.26 | -217.57 | 287.21 | 163.29 | 192.49 | 82.64 | 257.15 | 206.51 | -193.23 | -202.47 | -462.58 |
| Rel Performance-Obj.Ret.(%) | -76.95 | -44.67 | 11.30 | 7.67 | -1.48 | 1.60 | 28.47 | -16.23 | 20.48 | 40.33 | -56.44 |
| Ret.Quintile vs Obj(1 is best) | 3 | 5 | 2 | 2 | 3 | 3 | 2 | 4 | 2 | 1 | 4 |
| Turnover, Yields, and Gains | |||||||||||
| Fund Assets Net($mil) | 352 | 279 | 347 | 420 | 484 | 367 | 521 | 679 | 398 | 325 | 325 |
| Annual Turnover (%) | 12.00 | 11.00 | 4.00 | 12.00 | 12.00 | 10.00 | 7.00 | 7.00 | 4.00 | 4.00 | 0.00 |
| Annual Dividend Paid ($) | 0.16 | 0.20 | 0.11 | 0.44 | 0.74 | 0.00 | 0.50 | 1.33 | 0.00 | 0.00 | 0.00 |
| Annual Capital Gains Paid($) | 0.00 | 0.00 | 0.46 | 2.04 | 2.27 | 0.00 | 0.00 | 3.60 | 5.90 | 0.54 | 0.00 |
GOLDX : Returns Analysis - Trailing Total Return
| 1 Month | 3 Month | 6 Month | YTD | 1 Year | 3 Year | 5 Year | 10 Year | 15 Year | 20 Year | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total Return (through 05/13) | -16.83% | -27.58% | -40.86% | -33.51% | -32.65% | -12.74% | -5.46% | 9.99% | 9.34% | NA |
| Ret. Percentile vs. Obj. (1 is best) | 42 | 76 | 72 | 75 | 49 | 36 | 47 | 67 | 24 | NA |
GOLDX : Stock Portfolio Snapshot - 05/13
| Average Price/Earnings | 45.83 |
| Average Price/Book | 4.96 |
| Average EPS Growth | 25.67 |
| Average Market Value | 18,281.00 |
GOLDX : Stock Sector Breakout - 05/13
GOLDX : Top Holdings - 05/13
| Name | Weight | Shares |
|---|---|---|
| RANDGOLD RESOURCES LTD | 11.91 | 472,400 |
| FRESNILLO | 9.90 | 1,270,500 |
| GOLDCORP | 6.41 | 686,508 |
| NEWMONT MINING CORP | 5.96 | 504,871 |
| BARRICK GOLD CORP | 3.96 | 444,700 |
| FRANCO NEVADA CORP | 5.46 | 376,700 |
| FRANCO NEVADA CORP | 4.32 | 298,000 |
| HOCHSCHILD MINING | 4.29 | 2,130,152 |
| NEWCREST MINING LTD | 5.59 | 932,079 |