ASA Gold and Precious Metals Limited

Frequently Asked Questions About ASA

What does ASA invest in?

ASA Gold and Precious Metals Limited is a publicly traded investment management firm. It operates as a global manager, primarily allocating capital in public equity markets. Its core investment strategy focuses on acquiring shares in companies engaged in the exploration, extraction, or processing of precious minerals like gold, silver, platinum, and diamonds, among others. The firm also includes exchange-traded funds (ETFs) in its investment portfolio. Portfolio construction is guided by a rigorous bottom-up fundamental analysis, which is supported by a combination of proprietary internal research and supplementary external insights. Established in 1958, ASA Gold and Precious Metals Limited is headquartered in Portland, Maine.

What is the expense ratio of ASA?

ASA Gold and Precious Metals Limited (ASA) charges an expense ratio of 0.00%. This is the annual fee deducted from fund assets to cover management and operations.

How big is ASA?

ASA Gold and Precious Metals Limited (ASA) has a market value of $952.5M: its share price times its shares outstanding. A closed-end fund trades above or below its net asset value, so its net assets differ from this figure. AUM determines bid-ask liquidity and the fund's vulnerability to closure. Funds below ~$50M are at higher risk of liquidation.

Is ASA actively managed or an index fund?

ASA is actively managed: the manager selects holdings rather than tracking an index. Active funds typically charge higher expense ratios than index funds (ASA's is 0.00%) in exchange for the discretion to over- or under-weight positions.

When was ASA launched?

ASA Gold and Precious Metals Limited (ASA) launched in January 1978 and is managed by the fund issuer.

How has ASA performed?

ASA's total return (price change plus reinvested distributions) is charted at the top of this page. Switch the price chart to Total Return and pick a 1-year, 3-year, 5-year, or 10-year window to read the compound annual growth rate (CAGR) over each horizon.