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First Quarter 2014
For the quarter, spot gold closed at $1, 284.01 up $78.35 per ounce, or 6.50 percent. Gold stocks, as measured by the NYSE Arca Gold Miners Index, rose 11.49 percent and the U.S. Trade-Weighted Dollar Index rose 0.08 percent for the quarter. Also for the first quarter, the Philadelphia Gold & Silver Index (XAU) rose 8.72 percent, the S&P/TSX Global Gold Index rose 16.03 percent and the FTSE/JSE African Gold Mining Index rose 42.61 percent.
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).
M1 Money Supply includes funds that are readily accessible for spending. M2 Money Supply is a broad measure of money supply that includes M1 in addition to all time-related deposits, savings deposits, and non-institutional money-market funds.
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 World Precious Minerals Fund as a percentage of net assets as of 03/31/2014: Couer Mining (Gold and Precious Metals Fund 0.00%, World Precious Minerals Fund 0.00%), Helca Mines (Gold and Precious Metals Fund 0.00%, World Precious Minerals Fund 0.00%), Santa Barbara (Gold and Precious Metals Fund 0.00%, World Precious Minerals Fund 0.00%).