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Top Precious Metals Mutual Funds
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ShareToday we are featuring 3 "precious metals" mutual funds. Investors should also take a look at the entire list of the Zacks ranked Precious Metals funds.
First Eagle Gold Fund A (SGGDX) seeks growth of capital in the context of investing primarily in gold and/or securities directly related to gold or of companies engaged in mining, processing, dealing in or holding gold, both in the United States and in foreign countries.
Under normal circumstances, at least 80% of the value of the fund's total assets are invested in gold and/or securities (which may include both equity and, to a limited extent, debt securities) directly related to gold or of issuers principally engaged in the gold industry, including securities of gold mining finance companies as well as operating companies with long, medium or short-life mines.
Up to 20% of the fund's assets may be invested in equity and, to a limited extent, debt securities unrelated to gold or the gold industry where the adviser believes such securities are consistent with the fund's investment objective.
The fund may invest up to 20% of its total assets in debt securities, and there are no restrictions as to the rating of these securities. The fund distributes dividends and capital gains, if any, annually.
The objective of USAA Precious Metals and Minerals (USAGX) is to achieve long-term capital appreciation and protect the purchasing power of capital against inflation. Current income is a secondary objective.
The fund invests at least 80% of its assets in equity securities of domestic and foreign companies principally engaged in the exploration, mining, or processing of gold and other precious metals and minerals, such as platinum, silver and diamonds.
Dividends are distributed annually. Capital gains are distributed in December each year.
Tocqueville Gold Fund (TGLDX) looks for long-term capital appreciation.
The fund invests at least 80% of its assets in gold and securities of companies located throughout the world that are engaged in mining or processing gold.
The fund may invest a limited amount of its assets in other precious metals. The fund invests 10% of its assets directly in gold bullion and other precious metals.
Dividends and capital gains are declared annually.
Discover Many More Funds
Learn more about the new Zacks Mutual Fund Rank and discover some of the best market-beating mutual funds by browsing our new mutual funds section. This part of Zacks.com offers a variety of tools, including mutual fund research, a new mutual fund screener, helpful answers to frequently asked questions and quick access to prospectuses and other information.
By applying the Zacks Rank to mutual funds, investors can find funds that not only outpaced the market in the past but are also expected to outperform going forward.
Read the full analyst report on SGGDX
Read the full analyst report on USAGX
Read the full analyst report on TGLDX
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| Market Summary | May 25, 2012 10:31 am ET |
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