About OGMIX
The Invesco Gold & Special Minerals Fund Class R6 is an actively managed mutual fund focused on achieving capital appreciation by investing primarily in equities of companies engaged in the exploration, mining, processing, or trading of gold and other precious metals. The fund allocates a significant portion of its assets to global mining companies, emphasizing exposure to gold, with approximately 88% of its assets invested in this sector, along with holdings in silver, copper, and diversified metals firms. The investment approach allows for flexibility across market capitalizations and production stages, targeting firms with significant in-ground resources, efficient operations, and lower relative costs.
With more than 100 holdings, the fund’s portfolio is concentrated, with the top ten holdings accounting for around a third of total assets. The fund is non-diversified, meaning it can invest more heavily in fewer issuers compared to diversified funds, resulting in increased sector exposure. Managed by a team with substantial industry experience, the fund aims to provide investors with a pure-play opportunity in precious metals mining equities. Its role in the financial market includes offering potential diversification benefits, as precious metals often exhibit lower correlation to traditional equities and bonds, and serving as an inflation hedge or risk mitigant during periods of heightened geopolitical or economic uncertainty.
Fund Family Invesco
Category Equity Precious Metals
Performance Rating Above Average
Risk Rating Below Average
Stock Exchange Nasdaq
Ticker Symbol OGMIX
Index MSCI World NR USD
OGMIX had a total return of 9.53% in the past year, including dividends. Since the fund's
inception, the average annual return has been 6.41%.
