Current Gold Prices

This USAA Precious Metals and Minerals Fund (USAGX) Review was disappointed with the home website. Not much information. USAA would rather investors call than let them answer the simple questions themselves. Most mutual fund sites are full of investment information and this will help the investor to decide if they wish to trust a financial group. Personally I do not want some salesman with an over hyped presentation answering my first questions with such a sales pitch.

The home site did give that the stock price was at $29.68 with a downward change of $0.07 and the inception date of this fund was 8/15/1984.

This fund is for investors that are looking for a long term investment for protection against inflation and for long term capital appreciation. 80% of the fund’s assets are in equity securities in both the domestic and foreign markets. The company’s main focus for an investment to occur must be in mining, exploration or processing of precious metals or minerals. Good examples are platinum, gold, silver and diamonds. Other companies that get considered are the processing of oil, coal, base metals and wood products.

The top stocks that are held by this fund are AngloGold Ashanti Limited ADR at 5.22% of the fund. Impala Platinum Holdings at 4.99%, Randgold Resources Ltd. ADR at 4.97%, Newcrest Mining Limited at 4.46%, Goldcorp Inc at 4.40%, Yamana Gold Inc at 4.28%, IAMGold corporation at 4.14%. There are a total of 58 different companies that this fund has invested in. the top ten companies make up 44.38% of the total assets of the fund.

With the current gold prices just under $1000 and a one year return of this fund at 32.76% this USAA Precious Metals and Minerals Fund (USAGX) Review is positive despite the web site’s lack of information.