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.
Fund Family Midas
Category Equity Precious Metals
Performance Rating Average
Risk Rating Above Average
Stock Exchange Nasdaq
Ticker Symbol MIDSX
Index S&P 500 TR
MIDSX had a total return of 17.13% in the past year, including dividends. Since the fund's
inception, the average annual return has been -0.34%.
