For Immediate Release
Chicago, IL – April 1, 2010 – Today Zacks.com features the Top 5 Precious Metals Funds; Oppenheimer Gold & Special Minerals A (OPGSX), RiverSource Precious Metals & Mining A (INPMX), Franklin Gold & Precious Metals A (FKRCX), OCM Gold (OCMGX) and Midas Fund (MIDSX). These Precious Metals funds are given our highest rating; Zacks #1 Ranked Strong Buys. That means we expect these funds to outperform their peers in the future.
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Zacks #1 Ranked Precious Metals Funds
Oppenheimer Gold & Special Minerals A (OPGSX) seeks growth of capital. It invests primarily in domestic and foreign companies whose major operations include mining, processing or dealing in metals and minerals. It is non-diversified and has a three year annualized return of 10.34%.
This precious metals fund has a minimum initial investment of $1,000 and an expense ratio of 1.19% compared to a category average of 1.49%.
RiverSource Precious Metals & Mining A (INPMX) invests at least 80% of its assets in precious metals companies or those in the mining sector. At least 65% of its assets are invested in precious metals related industries. Up to 10% of its total assets may be invested in gold, diamonds, silver and other metals occurring naturally within such metals. The precious metals fund has a ten year annualized return of 16.93%.
The Fund Manager is Clay L. Hoes and he has managed this precious metals fund since 1999.
Franklin Gold & Precious Metals A (FKRCX) seeks capital appreciation by investing in gold and precious metals or companies involved in mining or processing of these metals worldwide. The precious metals fund returned 63.64% in the last one year period and has a five year annualized return of 20.62%.
The precious metals fund has an expense ratio of 1.01% compared to a category average of 1.49%.
OCM Gold (OCMGX) invests in domestic and foreign companies in the gold mining industry. It focuses on purchasing common stocks of gold producers. It may also invest in companies engaged in the production of other precious metals. The precious metals fund has a ten year annualized return of 18.76%.
As of February 2010, this precious metals fund held 45 issues, with 13.34% of its total assets invested in Goldcorp, Inc.
Midas Fund (MIDSX) seeks long-term capital growth and protection against inflation. At least 65% of its assets are invested in companies involved in the mining, processing and distribution of precious metals. Up to 35% of its assets may be invested in companies deriving a share of its revenues from the precious metals sector. It is a no load fund.
This precious metals fund returned 73.24% in the last one year period.
To view the Zacks Rank and past performance of all Precious Metals Funds then click here.
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