GOAUPossible Inverse Head and Shoulders. Bottoming pattern developing? - Gold Junior - early leader/early indicator of the PM version of the Battle of Kursk?
Key stats
About US Global GO Gold and Precious Metal Miners ETF
Issuer
U.S. Global Investors, Inc.
Brand
US Global
Expense ratio
0.60%
Home page
Inception date
Jun 27, 2017
Index tracked
US Glo. Go Gold and Precious Metals Min. (USD)(GR)
Management style
Passive
ISIN
US26922A7191
GOAU is the second fund from issuer US Global. The fund provides an alternate take on the mining space by screening for fundamental factors and using a complex tiered weighting structure. Unlike some competitors, the fund includes royalty and streaming companies, which provide capital to mining start-ups in exchange for a stake in the eventual production. GOAU starts by screening out mining firms that are financed primarily with debt. Miners in the top 10% by revenue per employee are deemed priority companies, and the index calculates a composite score for each security scoring priority companies by revenue/employees, operating cash flow/employees, and gross margin, and other firms by operating cash flow/enterprise value. GOAU builds its portfolio by filling a fixed, four-tier bracket of 28 names, starting with the highest-scored priority companies and then moving down the list of other firms. Tier 1 contains three names, weighted at 10% each, which must be gold or silver miners directly listed in the US or Canada, with at least $1 billion market cap. These requirements become less stringent with each tier, Tier 4 consists of ten names, weighted at 2% each, listed outside North America, with at least $200 million in market cap. GOAU reconstitutes quarterly.
Classification
Asset Class
Equity
Category
Sector
Focus
Materials
Niche
Gold miners
Strategy
Fundamental
Weighting scheme
Tiered
Selection criteria
Fundamental
What's in the fund
Exposure type
Non-Energy Minerals
Stock breakdown by region
