Invesco Gold & Special Minerals Fund
Fund
OGMIX
Price as of:
$27.90
+ $0.14
+ 0.50%
Primary Theme
fund company
Name
As of 01/17/2025Price
Aum/Mkt Cap
YIELD
Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.
Exp Ratio
Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.
Watchlist
Vitals
YTD Return
7.5%
1 yr return
35.7%
3 Yr Avg Return
3.3%
5 Yr Avg Return
7.9%
Net Assets
$1.54 B
Holdings in Top 10
32.3%
52 WEEK LOW AND HIGH
$27.8
N/A
N/A
Expenses
OPERATING FEES
Expense Ratio 0.69%
SALES FEES
Front Load N/A
Deferred Load N/A
TRADING FEES
Turnover 43.00%
Redemption Fee N/A
Min Investment
Standard (Taxable)
$1,000,000
IRA
N/A
Fund Classification
Fund Type
Open End Mutual Fund
Name
As of 01/17/2025Price
Aum/Mkt Cap
YIELD
Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.
Exp Ratio
Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.
Watchlist
OGMIX - Profile
Distributions
- YTD Total Return 7.5%
- 3 Yr Annualized Total Return 3.3%
- 5 Yr Annualized Total Return 7.9%
- Capital Gain Distribution Frequency N/A
- Net Income Ratio 0.60%
- Dividend Yield 1.1%
- Dividend Distribution Frequency Annual
Fund Details
-
Legal NameInvesco Gold & Special Minerals Fund
-
Fund Family NameOppenheimerFunds
-
Inception DateOct 26, 2012
-
Shares OutstandingN/A
-
Share ClassR6
-
CurrencyUSD
-
Domiciled CountryUS
-
ManagerShanquan Li
Fund Description
The Fund invests mainly in common stocks of companies that are involved in mining, processing or dealing in gold or other metals or minerals, gold bullion, other physical metals, and precious metals-related ETFs and may invest all of its assets in those securities. Under normal market conditions, at least 80% of the Fund’s net assets, plus any borrowings for investment purposes, will be invested in those securities, and in derivatives and other instruments that have economic characteristics similar to such securities. The Fund will concentrate its investments without limit in the metals, mining and minerals industries.
The Fund may invest up to 20% of its total assets in gold or silver bullion, in other precious metals, in metals naturally occurring with precious metals, in certificates representing an ownership interest in those metals, and in gold or silver coins. The Fund’s investment in shares of exchange-traded funds and other exchange-traded products that invest in gold bullion (Gold ETFs) are subject to this investment restriction.
The Fund may invest in U.S. or foreign companies, including companies in developing or emerging markets, i.e., those that are generally in the early stages of their industrial cycles. The Fund has no limit on its foreign investments. The Fund may buy securities issued by companies of any size or market capitalization range and at times might increase its emphasis on securities of issuers in a particular capitalization range.
As part of its process for identifying investment opportunities, the Fund relies primarily on evaluations of a company’s fundamentals. It also assesses a company’s financial statements and management structure, as well as the company’s operations and new developments. To arrive at buy and sell decisions, the Fund considers the growth potential and the valuations of the stocks of particular companies.
The Fund can also invest up to 25% of its total assets in the Subsidiary. The Subsidiary will invest in gold bullion and other precious metals, Gold ETFs, commodity-linked derivatives related to gold or other special minerals (including commodity futures, financial futures, options and swap contracts), and certain fixed-income securities and other investments that may serve as margin or collateral for its derivatives positions. Investments in the Subsidiary are intended to provide the Fund with exposure to minerals commodities market returns within the limitations of the federal tax requirements that apply to the Fund. In managing the Subsidiary's portfolio, Invesco Advisers, Inc. (the “Adviser”) will be subject to the same operational guidelines that apply to the management of the Fund. The Fund applies its investment restrictions and compliance policies and procedures, on a look-through basis, to the Subsidiary.
The Fund’s investment in the Subsidiary may vary based on the portfolio manager’s use of gold bullion and other precious metals, Gold ETFs, different types of commodity-linked derivatives, fixed-income securities and
other investments. Since the Fund may invest a substantial portion of its assets in the Subsidiary, which may hold certain of the investments described in this prospectus, the Fund may be considered to be investing indirectly in those investments through its Subsidiary and subject to the risks associated with any investments of the Subsidiary. Therefore, references in this prospectus to investments by the Fund include the Fund’s indirect investments through the Subsidiary.
In addition to investing in derivative instruments through the Subsidiary, the Fund may also invest directly in derivative instruments, including options. The Fund may use options, including covered call options, for liquidity, hedging and investment purposes. Up to 25% of the Fund’s total assets can be subject to call options the Fund sells. However, the Fund will not write or purchase any call option that will cause the value of the Fund’s calls on a particular security to exceed 3% of the Fund’s total assets.
OGMIX - Performance
Return Ranking - Trailing
| Period | OGMIX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| YTD | 7.5% | 3.8% | 10.2% | 36.92% |
| 1 Yr | 35.7% | -11.8% | 44.2% | 53.85% |
| 3 Yr | 3.3%* | -26.1% | 9.5% | 58.46% |
| 5 Yr | 7.9%* | -2.2% | 9.3% | 13.85% |
| 10 Yr | 8.0%* | -1.7% | 8.4% | 7.55% |
* Annualized
Return Ranking - Calendar
| Period | OGMIX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| 2024 | 12.2% | -36.6% | 20.9% | 38.46% |
| 2023 | 5.5% | -19.2% | 10.1% | 46.15% |
| 2022 | -17.3% | -32.9% | -1.3% | 75.38% |
| 2021 | -6.0% | -51.0% | 70.4% | 4.62% |
| 2020 | 33.8% | 10.6% | 63.4% | 18.75% |
Total Return Ranking - Trailing
| Period | OGMIX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| YTD | 7.5% | 3.8% | 10.2% | 36.92% |
| 1 Yr | 35.7% | -11.8% | 44.2% | 53.85% |
| 3 Yr | 3.3%* | -26.1% | 9.5% | 58.46% |
| 5 Yr | 7.9%* | -2.2% | 9.3% | 13.85% |
| 10 Yr | 8.0%* | -1.7% | 8.4% | 7.55% |
* Annualized
Total Return Ranking - Calendar
| Period | OGMIX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| 2024 | 13.5% | -35.0% | 23.9% | 61.54% |
| 2023 | 6.8% | -19.2% | 12.3% | 38.46% |
| 2022 | -16.5% | -32.9% | 2.7% | 73.85% |
| 2021 | -2.5% | -23.6% | 80.2% | 4.62% |
| 2020 | 36.6% | 10.6% | 70.6% | 31.25% |
NAV & Total Return History
OGMIX - Holdings
Concentration Analysis
| OGMIX | Category Low | Category High | OGMIX % Rank | |
|---|---|---|---|---|
| Net Assets | 1.54 B | 12.9 M | 14 B | 12.31% |
| Number of Holdings | 147 | 22 | 268 | 12.31% |
| Net Assets in Top 10 | 724 M | 11.1 M | 9.64 B | 23.08% |
| Weighting of Top 10 | 32.30% | 29.8% | 87.4% | 87.69% |
Top 10 Holdings
- Northern Star Resources Ltd. 5.09%
- Ivanhoe Mines Ltd. 3.71%
- Barrick Gold Corp. 3.67%
- Agnico Eagle Mines Ltd./Mines Agnico Eagle Limitee 3.30%
- Newmont Corp. 2.88%
- Freeport-McMoRan Inc. 2.88%
- De Grey Mining Ltd. 2.79%
- Evolution Mining Ltd. 2.73%
- Bellevue Gold Ltd. 2.71%
- Gold Fields Ltd., ADR 2.54%
Asset Allocation
| Weighting | Return Low | Return High | OGMIX % Rank | |
|---|---|---|---|---|
| Stocks | 98.29% | 81.34% | 119.48% | 55.38% |
| Cash | 2.30% | 0.00% | 13.94% | 32.31% |
| Preferred Stocks | 0.00% | 0.00% | 0.71% | 26.15% |
| Convertible Bonds | 0.00% | 0.00% | 0.00% | 26.15% |
| Bonds | 0.00% | 0.00% | 3.33% | 29.23% |
| Other | -0.59% | -0.59% | 16.71% | 93.85% |
Stock Sector Breakdown
| Weighting | Return Low | Return High | OGMIX % Rank | |
|---|---|---|---|---|
| Basic Materials | 99.31% | 93.10% | 100.00% | 87.69% |
| Energy | 0.69% | 0.00% | 2.88% | 7.69% |
| Utilities | 0.00% | 0.00% | 0.02% | 29.23% |
| Technology | 0.00% | 0.00% | 0.19% | 26.15% |
| Real Estate | 0.00% | 0.00% | 0.00% | 26.15% |
| Industrials | 0.00% | 0.00% | 4.56% | 30.77% |
| Healthcare | 0.00% | 0.00% | 0.00% | 26.15% |
| Financial Services | 0.00% | 0.00% | 0.14% | 26.15% |
| Communication Services | 0.00% | 0.00% | 0.00% | 26.15% |
| Consumer Defense | 0.00% | 0.00% | 0.00% | 26.15% |
| Consumer Cyclical | 0.00% | 0.00% | 2.75% | 26.15% |
Stock Geographic Breakdown
| Weighting | Return Low | Return High | OGMIX % Rank | |
|---|---|---|---|---|
| Non US | 57.10% | 0.00% | 90.88% | 53.85% |
| US | 41.18% | 4.58% | 93.04% | 36.92% |
OGMIX - Expenses
Operational Fees
| OGMIX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Expense Ratio | 0.69% | 0.39% | 5.11% | 75.38% |
| Management Fee | 0.60% | 0.35% | 1.00% | 24.62% |
| 12b-1 Fee | N/A | 0.00% | 1.00% | N/A |
| Administrative Fee | N/A | 0.10% | 0.25% | N/A |
Sales Fees
| OGMIX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Front Load | N/A | 3.50% | 5.75% | N/A |
| Deferred Load | N/A | 1.00% | 1.00% | N/A |
Trading Fees
| OGMIX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Max Redemption Fee | N/A | 1.00% | 2.00% | N/A |
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.
| OGMIX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Turnover | 43.00% | 1.00% | 114.00% | 71.43% |
OGMIX - Distributions
Dividend Yield Analysis
| OGMIX | Category Low | Category High | OGMIX % Rank | |
|---|---|---|---|---|
| Dividend Yield | 1.08% | 0.00% | 4.36% | 32.31% |
Dividend Distribution Analysis
| OGMIX | Category Low | Category High | Category Mod | |
|---|---|---|---|---|
| Dividend Distribution Frequency | Annual | Annual | SemiAnnual | Annual |
Net Income Ratio Analysis
| OGMIX | Category Low | Category High | OGMIX % Rank | |
|---|---|---|---|---|
| Net Income Ratio | 0.60% | -18.00% | 5.11% | 35.38% |
Capital Gain Distribution Analysis
| OGMIX | Category Low | Category High | Capital Mode | |
|---|---|---|---|---|
| Capital Gain Distribution Frequency | Annually | Semi-Annually | Annually |
Distributions History
| Date | Amount | Type |
|---|---|---|
| Dec 16, 2024 | $0.303 | OrdinaryDividend |
| Dec 15, 2023 | $0.290 | OrdinaryDividend |
| Dec 16, 2022 | $0.207 | OrdinaryDividend |
| Dec 16, 2021 | $0.933 | OrdinaryDividend |
| Dec 15, 2020 | $0.573 | OrdinaryDividend |
| Dec 20, 2019 | $0.117 | OrdinaryDividend |
| Dec 15, 2017 | $0.534 | OrdinaryDividend |
| Dec 13, 2016 | $1.127 | OrdinaryDividend |
| Dec 16, 2014 | $0.394 | OrdinaryDividend |
OGMIX - Fund Manager Analysis
Managers
Shanquan Li
Start Date
Tenure
Tenure Rank
Jul 01, 1997
24.93
24.9%
Mr. Li is primarily responsible for the day-to-day management of the Fund’s investments. Mr. Li has been a Vice President and portfolio manager of the Fund since July 1997.Mr. Li has been a Senior Vice President of the Sub-Adviser since June 2011. He was a Vice President of the Sub-Adviser from November 1998 to May 2011 and was an Assistant Vice President of the Sub-Adviser from January 1997 to November 1998.Li was a senior quantitative analyst in the Investment Management Policy Group of Brown Brothers Harriman before joining Oppenheimer Funds. Prior to that, he was a consultant for Acadian Asset Management, Inc. Before entering the investment business, Shanquan was associate director and senior researcher of the Development Research Center of the State Council, a think tank for the Chinese government.
Tenure Analysis
| Category Low | Category High | Category Average | Category Mode |
|---|---|---|---|
| 1.25 | 34.34 | 11.89 | 1.3 |