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Top Precious Metals Equity Funds
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ShareToday we are featuring top-performing “Precious Metals" equity mutual funds, which primarily invest in equity securities companies that are involved in mining of gold and other precious metals. Investors can find such funds by checking out the entire list of the Zacks #1 Rank Precious Metals Equity Funds.
3 Precious Picks
First Eagle Gold Fund A (SGGDX) was incepted in October 1993. The investment seeks capital appreciation.
The fund primarily invests in gold and securities directly related to gold or securities of companies engaged in mining, processing, dealing in or holding gold, both in the United States and in foreign countries. It invests at least 80% of assets in securities of companies directly related to gold or of issuers principally engaged in the gold industry.
The fund has an expense ratio of 1.24%. As of April 30, 2009, its portfolio turnover was 1.86%. The fund distributes dividends and capital gains annually.
PIA OCM Gold Fund (OCMGX) seeks long-term growth of capital. The fund was incepted in February 1988.
Typically, the fund invests in equity securities of domestic and foreign companies engaged in activities related to gold and precious metals. Goldcorp Incorporated and Agnico-Eagle Mines Limited are among its major holdings.
Greg Orrell has been lead manager of the fund since February 1998. The fund has an expense ratio of 2.14%.
USAA Precious Metals and Minerals (USAGX) seeks long-term capital appreciation. The investment has a secondary goal of current income.
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. Unit holders have to make a minimum initial investment of $3,000 to enter this Zacks#1 Rank (“Strong Buy”) fund. It has an expense ratio of 1.31%.
Mark Johnson has been lead manager of the fund since January 1994. Johnson is a Chartered Financial Analyst and was previously, Vice President of the trust investment department of Old Kent Bank & Trust Company. As of May 31, 2009, the funds portfolio turnover was 28%.
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 OCMGX
Read the full analyst report on USAGX
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| Market Summary | Feb 09, 2012 22:43 pm ET |