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For the month of October, spot gold closed at $1,173.48 down $34.68 per ounce, or -2.87 percent. Gold stocks, as measured by the NYSE Arca Gold Miners Index, fell 18.40 percent. The U.S. Trade-Weighted Dollar Index rose 1.14 percent for the month. Also for October, the Philadelphia Gold & Silver Index (XAU) fell 20.01 percent. The S&P/TSX Global Gold Index fell 19.17 percent, while the FTSE/JSE African Gold Mining Index fell 24.32 percent.
For the month of October, the Gold and Precious Metals Fund lost 16.61 percent, while the World Precious Minerals Fund declined 17.85 percent. See complete fund performance here.
Past performance does not guarantee future results.
The NYSE Arca Gold Miners Index is a modified market capitalization weighted index comprised of publicly traded companies involved primarily in the mining for gold and silver. The index benchmark value was 500.0 at the close of trading on December 20, 2002. The U.S. Trade Weighted Dollar Index provides a general indication of the international value of the U.S. dollar. The Philadelphia Stock Exchange Gold and Silver Index (XAU) is a capitalization-weighted index that includes the leading companies involved in the mining of gold and silver. The S&P/TSX Global Gold Index is an international benchmark tracking the world's leading gold companies with the intent to provide an investable representative index of publicly-traded international gold companies. The FTSE/JSE African Gold Mining Index is a market capitalization weighted index. (Returns are quoted as price return in the home currencies of each index. For example, the S&P/TSX Canadian Global Gold Index is calculated using Canadian Dollars.)
Fund portfolios are actively managed, and holdings may change daily. Holdings are reported as of the most recent quarter-end. Holdings in the Gold and Precious Metals Fund and the World Precious Minerals Fund as a percentage of net assets as of 09/30/2014: Alacer Gold Corp (Gold and Precious Metals Fund 1.99%, World Precious Minerals Fund 0.44%), Alamos Gold Inc. (World Precious Minerals Fund 0.04%), Balmoral Resources Ltd. (World Precious Minerals Fund 1.18%), Franco-Nevada Corp (Gold and Precious Metals Fund 6.44%, World Precious Minerals Fund 1.16%), Freeport-McMoRan Copper & Gold 0.00%, Lundin Mining Corp (Gold and Precious Metals Fund 1.31%, World Precious Minerals Fund 0.58%), Richmont Mines Inc. 0.00%, Romarco Minerals Inc. (World and Precious Metals Fund 1.46%), Winsome 0.00%.