Summary
GOAU Chart
GOAU: Portfolio Companies Should Do Well, But Oil Prices Might Weigh On Near-Term Performance
The U.S. Global GO GOLD and Precious Metal Miners ETF (GOAU) offers actively managed exposure to miners and royalty/streaming companies with at least 50% revenue from precious metals. GOAU has outperformed the S&P 500 over the past decade, driven by rising precious metals prices and high profit margins among its holdings. Despite a low 0.94% yield, GOAU is positioned for further upside as gold prices are expected to benefit from ongoing monetary expansion and inflationary pressures.
GOAU: More Sensitive To The Rate Angle Than Alternative Bullion ETFs
U.S. Global GO GOLD and Precious Metal Miners ETF offers exposure to gold miners and royalty companies, with higher sensitivity to rate changes than alternatives. GOAU's expense ratio is 0.6%, higher than GLD and SLV, but its royalty tilt may provide sharper exposure to rate-driven gold price movements. Gold's appeal is supported by inflation risks, potential shifts in USD reserve status, and underinvestment by retail investors in bullion ETFs.
GOAU: When The Crowd Gets Excited, I Cash Out
U.S. Global GO GOLD and Precious Metal Miners ETF holds 34 precious metals producers and streamers and trades at an expensive 36x earnings multiple. The high fees and turnover are a concern. The mining sector is capital-intensive and cyclical, and has delivered poor long-term returns over the decades. While GOAU is better than other gold mining ETFs when it comes to business quality, it's still a high-valuation basket of below-average businesses.
U.S. Global GO GOLD and Precious Metal Miners ETF Investors
| Name | Quantity | Cost | Value | Profit ($) | Gain (%) |
|---|---|---|---|---|---|
| TJD Thomas John Drogan PR Inc.IPAL SECURITIES Inc. | 19,422 | $352,008.41 | $683,032.9 | $331,024.49 | 94.04% |
 Jeff Ameen Spire Wealth Management | 124 | $5,500.64 | $4,561.96 | -$938.68 | -17.06% |
 Loyd Stegent Stegent Equity Advisors Inc. | 129,807 | $2.41M | $4.74M | $2.33M | 97.03% |
| MS Michael Snyder Beaumont Financial Advisors LLC | 4,541 | $201,438 | $160,342.71 | -$41,095.29 | -20.4% |
| GZ Gregg Zeoli Empire Financial Management Company LLC | 44,729 | $805,600.94 | $1.59M | $780,936.69 | 96.94% |
U.S. Global GO GOLD and Precious Metal Miners ETF (GOAU) FAQ
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U.S. Global GO GOLD and Precious Metal Miners ETF Profile
| ARCA Exchange | US Country |
Overview
The subject fund focuses on investment in Precious Metals Companies, dedicating at least 80% of its net assets to such entities. A distinctive feature of the fund’s investment strategy is the emphasis on companies that primarily derive their revenue—specifically, a substantial 20% of the fund's net assets, along with any borrowings for investment purposes—from gold. This fund takes a global investment approach, with its index including the exchange-listed common stock or American Depositary Receipts (ADRs) of both U.S. and international companies, including those in emerging markets. The companies included in the fund’s portfolio are characterized by deriving at least 50% of their aggregate revenue from precious metals. Operating as a non-diversified fund, it directly aligns its investments with the performance and the market dynamics of the precious metals sector.
Products and Services
The fund offers a focused investment product designed for investors interested in the precious metals sector:
- Precious Metals Companies Investments - The fund commits a significant portion of its assets towards investing in companies involved in the precious metals industry. This includes entities that are primarily engaged in mining, processing, or dealing in precious metals such as gold, ensuring that investors gain exposure to the market movements of these commodities.
- International and Emerging Markets Exposure - By including in its portfolio the common stock or ADRs of companies from around the globe, including emerging markets, the fund provides investors with a diversified international exposure to the precious metals sector. This strategy not only enhances the potential for higher returns by tapping into the growth dynamics of emerging markets but also mitigates risks associated with investing solely in domestic markets.
