For the quarter ended December 2015, spot gold closed at $1,061.42 down $53.65 per ounce, or 4.81 percent. Gold stocks, as measured by the NYSE Arca Gold Miners Index, rose 0.88 percent. The U.S. Trade-Weighted Dollar Index gained 2.36 percent for the quarter. Also for the quarter, the Philadelphia Gold & Silver Index (XAU) fell 1.85 percent. The S&P/TSX Global Gold Index returned 1.29 percent, and the FTSE/JSE African Gold Mining Index climbed 1.33 percent. See complete fund performance here.
Performance data quoted above is historical. Past performance is no guarantee of future results. Results reflect the reinvestment of dividends and other earnings. For a portion of periods, the fund had expense limitations, without which returns would have been lower. Current performance may be higher or lower than the performance data quoted. The principal value and investment return of an investment will fluctuate so that your shares, when redeemed, may be worth more or less than their original cost. Performance does not include the effect of any direct fees described in the fund's prospectus (e.g., short-term trading fees of 0.05%) which, if applicable, would lower your total returns. Performance quoted for periods of one year or less is cumulative and not annualized. Obtain performance data current to the most recent month-end here or by calling 1-800-US-FUNDS.
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 S&P 500 Stock Index is a widely recognized capitalization-weighted index of 500 common stock prices in U.S. companies. The Philadelphia 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.) The Bloomberg Commodity Index tracks prices of futures contracts on physical commodities on the commodity markets. The index is designed to minimize concentration in any one commodity or sector. It currently has 22 commodity futures in seven sectors. No one commodity can compose less than 2% or more than 15% of the index, and no sector can represent more than 33% of the index (as of the annual weightings of the components).
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 12/31/2015: Klondex Mines Ltd. 14.47% in Gold and Precious Metals Fund, 15.77% in World Precious Minerals Fund; St. Barbara Ltd. 6.44% in Gold and Precious Metals Fund, 3.06% in World Precious Minerals Fund; Northern Star Resources Ltd. 5.23% in Gold and Precious Metals Fund, 0.71% in World Precious Minerals Fund; Randgold Resources Ltd. 1.07% in Gold and Precious Metals Fund, 0.01% in World Precious Minerals Fund, Oversea-Chinese Banking Corp. 0.00%, Citigroup Inc. 0.00%. ABN Amro Group 0.00%.
Gold and Precious Metals Fund (USERX)
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as of 02/12/2016
Change: $ 0.13
Inception Date: 7/1/1974
Lipper Fund Category: Gold Oriented
AUM: $58.36 M as of 12-31-2015
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Category: Equity Precious Metals funds