Midas Discovery (MIDSX)
| Fund Assets | 33.73M |
| Expense Ratio | 3.47% |
| Min. Investment | $1,000 |
| Turnover | 28.00% |
| Dividend (ttm) | n/a |
| Dividend Yield | n/a |
| Dividend Growth | n/a |
| Payout Frequency | n/a |
| Ex-Dividend Date | n/a |
| Previous Close | 3.120 |
| YTD Return | -10.60% |
| 1-Year Return | 53.70% |
| 5-Year Return | 132.84% |
| 52-Week Low | 1.960 |
| 52-Week High | 4.870 |
| Beta (5Y) | 0.63 |
| Holdings | 24 |
| Inception Date | Jan 8, 1986 |
About MIDSX
The Midas Discovery Fund is an actively managed mutual fund with a primary focus on capital appreciation and inflation protection, and a secondary goal of generating current income. It invests mainly in companies engaged in the exploration, mining, processing, and distribution of precious metals such as gold, silver, and platinum, as well as other natural resource companies. The fund also holds direct positions in bullion and coins of gold, silver, and platinum. With a non-diversified structure, the portfolio is concentrated, with a significant portion allocated to its top holdings—primarily mid- and large-cap mining firms and precious metals trusts. The fund maintains broad geographic exposure, investing heavily in foreign issuers. It is recognized for its high expense ratio relative to peers and tends to have lower assets under management compared to the equity precious metals category. The Midas Discovery Fund is designed for investors seeking exposure to the precious metals and natural resources sector within a professionally managed, sector-specific strategy.
Performance
MIDSX had a total return of 53.70% in the past year, including dividends. Since the fund's inception, the average annual return has been -0.95%.
Equivalent Funds
These are funds that follow the same index from the other major fund companies.
Top 10 Holdings
55.95% of assets| Name | Symbol | Weight |
|---|---|---|
| DPM Metals Inc. | DPM | 7.01% |
| Aura Minerals Inc. | AUGO | 6.32% |
| Agnico Eagle Mines Limited | AEM | 6.02% |
| Evolution Mining Limited | EVN | 5.83% |
| SSR Mining Inc. | SSRM | 5.83% |
| IAMGOLD Corporation | IMG | 5.39% |
| Endeavour Mining plc | EDV | 5.15% |
| G Mining Ventures Corp. | GMIN | 5.05% |
| Newmont Corporation | NEM | 4.79% |
| B2Gold Corp. | BTO | 4.55% |