EuroPac Gold A
Name
Price
Aum/Mkt Cap
YIELD
Exp Ratio
Watchlist
Vitals
YTD Return
9.2%
1 yr return
-3.1%
3 Yr Avg Return
-4.5%
5 Yr Avg Return
2.5%
Net Assets
$205 M
Holdings in Top 10
54.1%
52 WEEK LOW AND HIGH
Expenses
OPERATING FEES
Expense Ratio 1.40%
SALES FEES
Front Load 4.50%
Deferred Load N/A
TRADING FEES
Turnover 10.00%
Redemption Fee 2.00%
Min Investment
Standard (Taxable)
$2,500
IRA
$2,500
Fund Classification
Fund Type
Open End Mutual Fund
Name
Price
Aum/Mkt Cap
YIELD
Exp Ratio
Watchlist
EPGFX - Profile
Distributions
- YTD Total Return 9.2%
- 3 Yr Annualized Total Return -4.5%
- 5 Yr Annualized Total Return 2.5%
- Capital Gain Distribution Frequency N/A
- Net Income Ratio 1.54%
- Dividend Yield 0.0%
- Dividend Distribution Frequency Annually
Fund Details
-
Legal NameEuroPac Gold Fund
-
Fund Family NameEuro Pacific Asset Management
-
Inception DateJul 19, 2013
-
Shares OutstandingN/A
-
Share ClassA
-
CurrencyUSD
-
Domiciled CountryUnited States
-
ManagerAdrian Day
Fund Description
Under normal market conditions, the Fund invests at least 80% of its net assets (plus any borrowings for investment purposes) in the securities of gold companies located in Europe and the Pacific Rim. The Fund’s advisor defines securities of gold companies as equity securities of companies that derive at least 50% of gross revenue or profit from mining, processing, or dealing and investing in gold, as well as companies whose primary business is exploring for gold or that provide services to the gold industry. The advisor considers a country to be part of Europe if it is included in the MSCI All Country Europe Index and part of the Pacific Rim if any of its borders touches the Pacific Ocean. The Fund also invests in shares of exchange-traded funds (“ETFs”) and closed end funds that invest in gold bullion. ETFs are pooled investment vehicles that trade on exchanges. The advisor considers a company to be located in Europe or the Pacific Rim if (1) the company is organized under the laws of a country that is a part of Europe or the Pacific Rim or has its principal office in a country that is a part of Europe or the Pacific Rim; (2) at the time of investment, the company derived a significant portion (i.e., 50% or more) of its total revenues during its most recent completed fiscal year from business activities in Europe or the Pacific Rim; or (3) the company’s equity securities are traded principally on stock exchanges or over-the-counter markets in Europe or the Pacific Rim. The Fund will invest primarily in non-U.S. companies. The Advisor considers a company to be a non-U.S. company if (1) the company is organized under the laws of a country, or has its principal office in a country, other than the United States; (2) at the time of investment, the company derived at least 50% of its total revenues during its most recent completed fiscal year from business activities outside of the United States; or (3) the company’s equity securities are traded principally on stock exchanges or over-the-counter markets outside of the United States. The Fund may also invest in American and Global Depository Receipts (“ADRs” and “GDRs”), including unsponsored ADRs. The Fund may invest up to 20% of its net assets in the equity securities of other precious metals companies, such as silver, platinum and palladium companies. The Fund may invest up to 15% of its net assets in private placements and other restricted securities.
The Fund concentrates its investments in companies engaged in the gold industry. The Fund invests in large-, mid-, small-, and micro-capitalization companies that are considered by the Fund’s advisor to be attractively valued.
The Fund may also use derivative instruments, primarily writing (i.e., selling) put options on individual securities, indexes and ETFs, to manage the position size of individual security holdings, and to seek to enhance the Fund’s return and reduce volatility. The Fund will generally invest in derivatives to seek to manage underlying equity exposures while seeking to maximize the efficiency of invested capital and expected return. When evaluating options, the Fund’s advisor considers the amount of premium received or invested (which is a function of the implied volatility of the underlying security, the strike price, and the time to expiration), the valuation of the underlying security at the exercise price, the weighting of the security in the portfolio if exercised, and the expiration date. In addition, the Fund may write (sell) covered call options on securities the Fund holds in its portfolio.
In selecting investments for the Fund, the Fund’s advisor employs a long-term value orientation, looking for companies selling at attractive prices that can be held for a long time horizon. The advisor’s overall approach to investment management involves several key factors. First, the global universe is used to screen potential European and Pacific Rim investments. Second, the advisor identifies securities of companies in the gold or other precious metals sector that it believes are valued at a low price in relation to their book value or earnings, or at a discount to future book value given the likelihood the company will be able to increase resources through exploration. Lastly, a long-term investment horizon (five years) is applied to give investments time to realize full value. In investing in growth and more speculative investments, such as exploration, the advisor looks for companies with a risk-mitigating approach to these inherently risky activities. Ultimately, the advisor seeks to construct a portfolio with a solid long-term foundation in which growth and more speculative investments are added.
EPGFX - Performance
Return Ranking - Trailing
Period | EPGFX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
YTD | 9.2% | -9.7% | 9.6% | 19.12% |
1 Yr | -3.1% | -37.2% | 14.5% | 23.53% |
3 Yr | -4.5%* | -16.1% | 38.3% | 67.65% |
5 Yr | 2.5%* | -15.3% | 9.7% | 81.97% |
10 Yr | N/A* | -15.2% | 4.7% | N/A |
* Annualized
Return Ranking - Calendar
Period | EPGFX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
2022 | -14.0% | -32.9% | 2.5% | 60.29% |
2021 | -10.7% | -30.0% | 34.1% | 92.65% |
2020 | 8.0% | 3.4% | 18.1% | 58.82% |
2019 | 8.2% | 0.2% | 11.9% | 64.06% |
2018 | -2.9% | -12.8% | -1.5% | 45.90% |
Total Return Ranking - Trailing
Period | EPGFX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
YTD | 9.2% | -9.7% | 9.6% | 19.12% |
1 Yr | -3.1% | -37.2% | 14.5% | 26.76% |
3 Yr | -4.5%* | -16.1% | 38.3% | 68.57% |
5 Yr | 2.5%* | -15.3% | 9.7% | 79.37% |
10 Yr | N/A* | -15.2% | 4.7% | N/A |
* Annualized
Total Return Ranking - Calendar
Period | EPGFX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
2022 | -14.0% | -32.9% | 2.5% | 60.29% |
2021 | -10.7% | -30.0% | 34.1% | 92.65% |
2020 | 8.0% | 3.4% | 18.1% | 58.82% |
2019 | 8.2% | 0.2% | 11.9% | 64.06% |
2018 | -2.9% | -12.8% | -1.5% | 45.90% |
NAV & Total Return History
EPGFX - Holdings
Concentration Analysis
EPGFX | Category Low | Category High | EPGFX % Rank | |
---|---|---|---|---|
Net Assets | 205 M | 1.13 M | 12.6 B | 78.26% |
Number of Holdings | 65 | 21 | 309 | 23.61% |
Net Assets in Top 10 | 107 M | 8.18 K | 8.13 B | 76.39% |
Weighting of Top 10 | 54.11% | 36.4% | 81.8% | 68.06% |
Top 10 Holdings
- Gold Fields Ltd ADR 5.98%
- Franco-Nevada Corp 5.97%
- Metalla Royalty & Streaming Ltd 5.91%
- Premier Gold Mines Ltd 5.82%
- OceanaGold Corp 5.74%
- Barrick Gold Corp 5.48%
- Fortuna Silver Mines Inc 5.43%
- Agnico Eagle Mines Ltd 5.20%
- Sandstorm Gold Ltd 5.14%
- Osisko Gold Royalties Ltd 5.12%
Asset Allocation
Weighting | Return Low | Return High | EPGFX % Rank | |
---|---|---|---|---|
Stocks | 99.67% | 47.61% | 100.00% | 20.83% |
Cash | 0.43% | 0.00% | 7.35% | 69.44% |
Preferred Stocks | 0.00% | 0.00% | 0.00% | 8.33% |
Convertible Bonds | 0.00% | 0.00% | 0.00% | 8.33% |
Bonds | 0.00% | 0.00% | 2.84% | 16.67% |
Other | -0.10% | -2.11% | 52.27% | 90.28% |
Stock Sector Breakdown
Weighting | Return Low | Return High | EPGFX % Rank | |
---|---|---|---|---|
Basic Materials | 100.00% | 93.10% | 100.00% | 8.33% |
Utilities | 0.00% | 0.00% | 0.02% | 13.89% |
Technology | 0.00% | 0.00% | 0.19% | 11.11% |
Real Estate | 0.00% | 0.00% | 0.00% | 8.33% |
Industrials | 0.00% | 0.00% | 4.56% | 20.83% |
Healthcare | 0.00% | 0.00% | 0.00% | 8.33% |
Financial Services | 0.00% | 0.00% | 0.14% | 11.11% |
Energy | 0.00% | 0.00% | 4.45% | 22.22% |
Communication Services | 0.00% | 0.00% | 0.00% | 8.33% |
Consumer Defense | 0.00% | 0.00% | 0.00% | 8.33% |
Consumer Cyclical | 0.00% | 0.00% | 2.75% | 11.11% |
Stock Geographic Breakdown
Weighting | Return Low | Return High | EPGFX % Rank | |
---|---|---|---|---|
Non US | 86.94% | 39.37% | 95.10% | 38.89% |
US | 12.73% | 3.28% | 30.63% | 47.22% |
EPGFX - Expenses
Operational Fees
EPGFX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Expense Ratio | 1.40% | 0.33% | 3.83% | 27.78% |
Management Fee | 0.80% | 0.35% | 1.18% | 81.16% |
12b-1 Fee | 0.25% | 0.00% | 1.00% | 26.32% |
Administrative Fee | N/A | 0.10% | 0.25% | 39.66% |
Sales Fees
EPGFX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Front Load | 4.50% | 0.00% | 5.75% | 68.75% |
Deferred Load | N/A | 1.00% | 2.25% | N/A |
Trading Fees
EPGFX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Max Redemption Fee | 2.00% | 1.00% | 2.00% | 17.65% |
Related Fees
Turnover provides investors a proxy for the trading fees incurred by mutual fund managers who frequently adjust position allocations. Higher turnover means higher trading fees.
EPGFX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Turnover | 10.00% | 1.00% | 114.00% | 18.18% |
EPGFX - Distributions
Dividend Yield Analysis
EPGFX | Category Low | Category High | EPGFX % Rank | |
---|---|---|---|---|
Dividend Yield | 0.00% | 0.00% | 10.00% | 61.11% |
Dividend Distribution Analysis
EPGFX | Category Low | Category High | Category Mod | |
---|---|---|---|---|
Dividend Distribution Frequency | Annually | Annually | Semi-Annually | Annually |
Net Income Ratio Analysis
EPGFX | Category Low | Category High | EPGFX % Rank | |
---|---|---|---|---|
Net Income Ratio | 1.54% | -18.00% | 5.11% | 5.88% |
Capital Gain Distribution Analysis
EPGFX | Category Low | Category High | Capital Mode | |
---|---|---|---|---|
Capital Gain Distribution Frequency | Annually | Semi-Annually | Annually |
Distributions History
Date | Amount | Type |
---|---|---|
Dec 10, 2021 | $0.264 | OrdinaryDividend |
Dec 31, 2020 | $1.148 | OrdinaryDividend |
Dec 20, 2017 | $0.227 | OrdinaryDividend |
Dec 13, 2016 | $1.562 | OrdinaryDividend |
Dec 19, 2013 | $0.064 | OrdinaryDividend |
EPGFX - Fund Manager Analysis
Managers
Adrian Day
Start Date
Tenure
Tenure Rank
Jul 19, 2013
8.87
8.9%
Adrian Day, Chairman and Portfolio Manager of Global Strategic Management, d/b/a Adrian Day Asset Management. Mr. Day founded Global Strategic Management in 1991. In addition, Mr. Day spent many years as a financial investment writer. He has also authored three books on the subject of global investing: International Investment Opportunities: How and Where to Invest Overseas Successfully, Investing Without Borders and Investing in Resources: How to Profit from the Outsized Potential and Avoid the Risks.
Tenure Analysis
Category Low | Category High | Category Average | Category Mode |
---|---|---|---|
1.25 | 34.34 | 11.37 | 9.25 |