Top Gold Funds
Precious metals sector has been performing poorly for the past 3 years. In 2014, this sector has been soaring. Whether it is a bear market rally or a new bull market, investors need to observe this sector more closely. As one of the precious metals, gold is among the top investment for most investors. The other precious metals include silver, palladium, and platinum.Using an investment fund, investor can diversify their portfolio easily. One of the most popular investment funds is mutual fund. Gold mutual funds invest mainly in gold bullion and mining companies. The following top performing gold mutual funds are sorted based on its year to date performance in 2014. You can buy these funds for your investment brokerage account or retirement account (traditional IRA or Roth IRA). You may also invest in 401k plan if this gold fund is available for investing.
Best performing gold mutual funds 2014 are:
- Gabelli Gold A (GLDAX)
- Tocqueville Gold (TGLDX)
- OCM Gold Investor (OCMGX)
- USAA Precious Metals and Minerals (USAGX)
- Fidelity Select Gold Portfolio (FSAGX)
- Van Eck Intl Investors Gold A (INIVX)
- US Global Investors World Precious Minerals (UNWPX)
- US Global Investors Gold & Precious Metals (USERX)
- First Eagle Gold A (SGGDX)
- American Century Global Gold Investor (BGEIX)
- EuroPac Gold A (EPGFX)
- Franklin Gold and Precious Metals A (FKRCX)
- Wells Fargo Advantage Precious Metals A (EKWAX)
- Invesco Gold & Precious Metals Investor (FGLDX)
Gabelli Gold A (GLDAX)
This Gabelli Gold fund (GLDAX) is on the top list of the best performer gold mutual funds. It has a YTD return of 24.60%. The fund seeks to provide investors with long term capital appreciation. This top gold fund is currently managed by Caesar M. Bryan. The mutual fund has annual expense ratio of 1.57%. The total net assets are $221.6 million. The CUSIP is 36239R107.The fund has 1-year annualized return of -25.39%. The top 4 stocks in its portfolio as of December 2013 are Randgold Resources (13.6%), Franco-Nevada (12.9%), Fresnillo (8.7%) and Goldcorp (8.5%).
Tocqueville Gold (TGLDX)
The objective of the Tocqueville Gold fund is to achieve long-term capital appreciation. John Hathaway is the current fund manager. It has total net assets of $1.3 billion. The annual expense ratio is 1.34%. It uses S&P 500 Index as the benchmark. The fund has 9 years of positive return and 6 years of negative return. The best 1-year total return was in 2009 with 86.60% and the worst in 2013 with -48.26%.The top holdings as of the end of 2013 are Physical Gold (11.68%), Goldcorp Inc (5.6%), Franco-Nevada Corp (5.40%), Eldorado Gold Corp (5.08%) and Royal Gold, Inc (5.01%).
OCM Gold Investor (OCMGX)
This OCM Gold fund has been introduced to public since February 1988. It has annual expense ratio of 2.22%. The ratio is the highest among all the lists in this article. The mutual fund seeks long-term capital appreciation by investing in common stocks of gold mining companies.More: Best Precious Metals Mutual Funds 2012
You can buy this investor class fund with $1,000 initial funding for your brokerage account. For IRA account, you can start investing with as little as $100. The other class is OCMAX (OCM Gold Fund Advisor Class). This fund is currently traded at $13.25 from its NAV. It is now managed by Greg Orrell.
USAA Precious Metals and Minerals (USAGX)
Morningstar analysts rank this USAA Precious Metals and Minerals Fund (USAGX) with 3-stars rating for its performance. The annual expense ratio is 1.18% and it has 0.13% dividend yield. The total net assets are $1.0 billion.The YTD return is 22.62%. This best performing gold mutual fund has 3-year annualized return of -22.79% and 1-year annualized return of -28.59%. The top holdings as of February 2014 are Goldcorp Inc (6.71%) and Tahoe Resources Inc (5.38%).
Fidelity Select Gold Portfolio (FSAGX)
The investment in Fidelity Select Gold Portfolio Fund (FSAGX) is to seek capital appreciation. It has total net assets of $1.5 billion. The annual expense ratio is 0.92%. Joe Wickwire has been managing this fund since 2007. The fund has minimum initial investment of $2,500.Since 1985, the fund has recorded a total of 15 years of positive return with the best 1-year total return in 2002 (64.28%). The top 10 holdings as of December 2013 represent 52.16% of the total portfolio.
Fund Performance
| No | Fund Name | Ticker | Rating | Net Assets (Mil) | Exp Ratio | YTD | 1-Yr Return | 3-Yr Return | 5-Yr Return | 10-Yr Return |
|---|---|---|---|---|---|---|---|---|---|---|
| 1 | Gabelli Gold A | GLDAX | 2 | $221.60 | 1.57% | 24.60% | -25.39% | -19.34% | -2.63% | 4.04% |
| 2 | Tocqueville Gold | TGLDX | 4 | $1,300.00 | 1.34% | 23.80% | -23.37% | -20.58% | 3.62% | 6.23% |
| 3 | OCM Gold Investor | OCMGX | 3 | $77.60 | 2.22% | 23.26% | -23.10% | -19.68% | -1.52% | 4.07% |
| 4 | USAA Precious Metals and Minerals | USAGX | 3 | $1,000.00 | 1.18% | 22.62% | -28.59% | -22.79% | -3.21% | 5.79% |
| 5 | Fidelity Select Gold Portfolio | FSAGX | 3 | $1,500.00 | 0.92% | 22.20% | -29.75% | -22.65% | -5.67% | 3.25% |
| 6 | Van Eck Intl Investors Gold A | INIVX | 3 | $754.30 | 1.45% | 21.83% | -25.31% | -22.76% | -0.79% | 6.60% |
| 7 | US Global Investors Wld Prec Minerals | UNWPX | 2 | $162.90 | 1.83% | 21.79% | -27.81% | -27.94% | -3.07% | 1.14% |
| 8 | US Global Investors Gld & Prec Mtls | USERX | 4 | $92.70 | 2.06% | 21.50% | -27.68% | -22.23% | -4.34% | 3.51% |
| 9 | First Eagle Gold A | SGGDX | 5 | $1,400.00 | 1.25% | 20.47% | -25.68% | -17.67% | -1.89% | 4.89% |
| 10 | American Century Global Gold Inv | BGEIX | 2 | $490.70 | 0.68% | 20.46% | -29.64% | -23.09% | -4.16% | 1.93% |
| 11 | EuroPac Gold A | EPGFX | N/A | $35.90 | 1.50% | 20.12% | N/A | N/A | N/A | N/A |
| 12 | Franklin Gold and Precious Metals A | FKRCX | 3 | $1,100.00 | 1.01% | 19.99% | -25.66% | -24.15% | -2.40% | 4.93% |
| 13 | Wells Fargo Advantage Precious Metals A | EKWAX | 3 | $512.30 | 1.09% | 19.22% | -27.52% | -20.43% | -2.58% | 5.23% |
| 14 | Invesco Gold & Precious Metals Invstor | FGLDX | 4 | $316.70 | 1.32% | 18.27% | -25.68% | -19.96% | -1.00% | 4.70% |
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