First Gold Bullion Mutual Fund (QGLDX) Marks Anniversary; Fund Provides Convenient, Effective Portfolio Exposure to Gold
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Previously, those looking for ways to diversify their portfolios with a gold allocation might choose funds that invest in gold mining shares, which may not track gold bullion very well, or commodity futures funds, which might have a more costly and complicated tax structure than traditional mutual funds. And, many ETFs that offer gold exposure are subject to "collectables" taxation and Schedule K-1 tax reporting rules which can cause investors to delay filing their tax returns, as well as requiring them to file tax returns in multiple states and deal with unrelated business taxable income. QGLDX avoids both of these problems.
"Furthermore, gold is a unique diversifier during trying times," explains
Wagner notes that recent geopolitical events have sparked more queries from advisors and investors about gold, sending the young fund to over
Wagner notes that QGLDX is a convenient and effective way to get exposure to gold with the benefits of daily liquidity and 1099 reporting, and with its included holdings in short-term bonds actually has the possibility of offsetting the normal expense associated with other commodity-based mutual funds.
The fund invests in gold bullion ETFs and derivatives to seek to reflect the daily changes in the price of gold bullion. In addition, it allocates assets to short maturity bond investments in order to produce interest income to accomplish its tax strategy and reduce expenses. During its first year of operation, this tracking fund yielded a return within 29 basis points of the price change of the largest gold ETF after all expenses.
The Gold Bullion Strategy Fund is currently available in a no-load format as well as the recently launched A and C shares. Additionally, a variable investment trust of the portfolio is available through Jefferson National.
To obtain a copy of the 40-year gold study entitled "The role of gold in investment portfolios" and learn more about QGLDX, please visit: www.goldbullionstrategyfund.com
About
Established in 1981,
Disclosures
As of the most recent prospectus, the expense ratios for the Gold Bullion Strategy Fund are as follows: Investors' Class (No Load), 1.66%; Class A, 1.66%; Class C, 2.41%.
The maximum sales charge imposed on Class A share purchases (as percentage of offering price) is 5.75%. An additional 2% redemption fee applies to all share classes, including Investors' Class, when shares are redeemed within 7 days of purchase.
An investor should consider the investment objectives, risks, charges and expenses of The Gold Bullion Strategy Fund before investing. This and other information can be found in the Fund's prospectus, which can be obtained by calling 1-855-650-7453. The prospectus should be read carefully prior to investing in The Gold Bullion Strategy Fund.
There is no guarantee that The Gold Bullion Strategy Fund will achieve its investment objectives.
The principal risks of investing in The Gold Bullion Strategy Fund are Risks of the Sub-advisor's Investment Strategy, Risks of Aggressive Investment Techniques, High Portfolio Turnover, Risk of Investing in Derivatives, Risks of Investing in ETFs, Risks of Investing in Other Investment Companies, Leverage Risk, Taxation Risk, Concentration Risk, Gold Risk, Wholly-owned Corporation Risk, Risk of Non-Diversification and interest rate risk. "Gold Risk" includes volatility, price fluctuations over short periods, risks associated with global monetary, economic, social and political conditions and developments, currency devaluation and revaluation and restrictions, trading and transactional restrictions.
Contact:
[email protected]
SOURCE
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