Vanguard Precious Metals and Mining Inv (VGPMX - MF report) a Zacks Ranked #1 (Strong Buy) seeks long-term capital appreciation. VGPMX invests in stocks of foreign and U.S. companies engaged in exploring, mining, processing, or marketing gold, silver, platinum, diamonds, or other precious metals and rare minerals. VGPMX may also invest up to 20% of its assets directly in gold, silver, or other precious-metal bullion and coins. VGPMX’s adviser emphasizes quality companies with sound operations and attractive holdings of ore or other reserves, while also trying to maintain geographic diversity. Dividends and capital gains, if any, are distributed annually in December.
This Sector - Precious Metal fund, as of the last filing, allocates their fund in three major groups; Precious Metal, Large Value, Foreign Stock. Further, as of the last filing, Dominion Diamond Corporation (DDC), Nevsun Resources Ltd. (NSU), and Goldcorp (GG) were the top holdings for VGPMX.
The Vanguard Precious Metals and Mining Inv fund, managed by Vanguard Group, carries an expense ratio of 0.29.
VGPMX’s performance, as of the last filing, when compared to funds in its category was in the top 20% in 1 year, top 6% over the past 3 years, and in the 6% over the past 5 years.
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