# ASA Gold and Precious Metals Limited (ASA): Closed-End Fund Facts & Distributions > Markdown mirror of https://www.dividenddata.com/funds/asa for AI agents. Same live data as the HTML page, regenerated on the same refresh cycle. Not investment advice. - Issuer: — · Asset class: Equity - Strategy: Actively Managed · Inception: 1978-01-03 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 r... ## Key Facts | Metric | Value | |---|---| | Price | $51.82 | | Expense Ratio | 0.00% | | Market Value | $951.3M | | NAV | $0.00 | | Holdings Count | 0 | | Distribution Yield (TTM) | 0.14% | | Annual Distribution (TTM) | $0.07 /share | | Distribution Frequency | Semi-Annual | | 52-Week Range | $44.00 – $83.20 | | Beta | 0.77 | ## Latest Distribution - Amount: $0.0400 /share - Ex-date: 2026-05-01 - Pay date: 2026-05-13 ## Next Distribution (Declared) - Amount: $0.0500 /share - Ex-date: 2026-11-05 - Pay date: 2026-11-12 ## Frequently Asked Questions ### 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 $951.3M: 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. ### Does ASA pay a dividend? ASA Gold and Precious Metals Limited (ASA) currently distributes little or no income. Trailing-twelve-month yield is 0.14%. Investors looking for income should consider income-focused alternatives. See the Peers tab. ### How often does ASA pay dividends? ASA Gold and Precious Metals Limited pays dividends Semi-Annual. Each ex-dividend date, record date, and payment date is listed in the dividend history table on this page. ### What is ASA's dividend yield? ASA's trailing-twelve-month yield is 0.14%, calculated from the sum of dividends over the past year divided by the current price. ### When is ASA's next ex-dividend date? The most recently announced ex-dividend date for ASA was 2026-11-05. The next ex-date typically follows Semi-Annual; once announced it appears at the top of the dividend history table on this page. ### How much will ASA's expense ratio cost me over 30 years? On a $10,000 investment compounding at 7% gross return, a 0.00% expense ratio quietly compounds against your balance every year. The Fee Compounding Forecast card above projects the dollar drag for any holding period and assumption you pick. The typical result for a 1.0% expense ratio on a 30-year hold is roughly 25% of the final balance lost to fees. ### How does ASA charge its expense ratio? The expense ratio is deducted in tiny daily slices from ASA's net asset value (NAV). You never see a bill. The price quoted on every exchange is already net of fees. There's no "fee day" to avoid; the cost is continuous and built into the trading price. ### Why does ASA cost more than a fund like VOO? ASA is actively managed (current expense ratio 0.00%). Active funds charge more than passive index trackers in exchange for the manager's discretion to over- or under-weight positions. The Cost Verdict card above tells you whether ASA's fee is competitive for the active-management cohort. ### Are there cheaper alternatives to ASA? The Lower-Fee Alternatives card above lists closed-end funds following the same investment strategy as ASA (0.00%) but at a lower expense ratio. Each row shows the fee gap, the peer's AUM as a liquidity sanity-check, and a direct link to that fund's analysis page. Cheaper price doesn't automatically mean better. Verify the peer holds what you actually want. ## More on Dividend Data - Overview (HTML): https://www.dividenddata.com/funds/asa - Distribution history: https://www.dividenddata.com/funds/asa/dividend - Holdings & diversification: https://www.dividenddata.com/funds/asa/diversification - Fees & cheaper alternatives: https://www.dividenddata.com/funds/asa/expenses - Peer comparison: https://www.dividenddata.com/funds/asa/peers Data sourced from primary filings and market data providers; see https://www.dividenddata.com/methodology.