Midas Discovery Fund (MIDSX)

Overview

The fund represents a focused investment platform designed specifically for those interested in the precious metals and natural resources sectors. By allocating at least 65% of its total assets into securities of companies deeply embedded in the activities related to mining, processing, distributing, or dealing in gold, silver, platinum, and other precious metals, as well as other natural resources, the fund aims to provide investors with a targeted exposure to these markets. Given its non-diversified status, the fund commits to a concentrated investment strategy, potentially involving higher risks and rewards due to its focused nature.

Products and Services

• Securities of Natural Resources Companies: The fund invests in a variety of securities, including common and preferred stocks, bonds, and convertible securities, of companies primarily involved in the natural resources sector. These entities are engaged in the mining, processing, fabricating, distributing, or dealing directly or indirectly in gold, silver, platinum, other precious metals, or natural resources. This avenue of investment seeks to leverage the growth and value prospects inherent in the natural resources and precious metals industries.

• Gold, Silver, and Platinum Bullion and Coins: In addition to securities investments, the fund directly invests in physical assets, namely gold, silver, and platinum bullion and coins. This direct investment in precious metals serves as a hedge against inflation and currency devaluation, offering a tangible asset that historically retains value over time. It provides a diversification benefit within the context of the fund's overall investment strategy, aiming to mitigate risks associated with market volatility and economic downturns.