The Fidelity Select Gold Portfolio Fund falls into Morningstar’s stocks and precious metals category. Funds in this category generally invest in stocks related to gold and other precious metals. This may include companies that mine, search for, market or process these precious metals. Fidelity Management %26 Research invests its assets primarily in companies that are engaged in the exploration, mining, processing or trading of gold or, to a lesser extent, silver, platinum, diamonds or other precious metals and minerals. Maverick is an active trader, commodity futures broker, and stock market analyst with more than 17 years of experience and more than 10 years of experience as a financial writer and book editor.
The fund may invest up to 40% of its assets in emerging market equities and up to 25% of its assets in metal-related bonds. All dividends or capital gains are paid out annually. The Fidelity Select Gold Portfolio Fund (FSAGX) was founded in 1985 by Fidelity Investments. The primary focus of this precious metals fund is to provide investors with capital growth.
Founded in 1983, the Invesco Gold and Special Minerals Fund (OPGSX) aims to achieve long-term capital growth. Key holdings include Barrick, Northern Star Resources, Newmont and Evolution Mining. Gold accounts for the majority of the portfolio, accounting for 75% of the assets. The Gabelli Gold Fund, Inc.
Victory Capital. USAA Precious Metals and Minerals Fund. Fund manager Shanquan Li invests in shares of mining companies that focus on gold and other precious metals. Domestic and foreign stocks of companies that do business related to gold and gold bars.
Fund manager Caesar Bryan achieves this goal by investing 80% or more of the fund’s total assets, along with debt capital, in U. Fund manager Mannik Dhillon aims to achieve these goals by generally investing at least 80% of the fund’s assets in foreign and domestic companies primarily engaged in the exploration, mining or processing of gold, silver, platinum, diamonds, or other valuable minerals. Although the main allocation is reserved for gold mining stocks, many funds offer significant exposure to other precious metals, such as platinum and silver. Bradshaw, the fund manager, is trying to achieve the fund target by typically investing 80% or more of the fund’s assets in companies that are actively involved in exploring, mining and processing gold, companies that trade in gold and other precious metals and minerals, or companies that generate at least half of their turnover from such transactions.
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fund’s key portfolio holdings include Barrick Gold, Wheaton Precious Metals, Kinross Gold, Gold Field Limited and Franco-Nevada Corp. Under normal circumstances, fund manager Steven Calhoun invests at least 80% of the fund’s total assets in common stocks of companies involved in various forms of gold transactions, as well as in gold bars and coins.
