Vanguard Silver Mutual Fund Review (VGPMX)
ThiThis Vanguard Silver Mutual Fund Review is on the fund with a stock symbol of VGPMX. This is officially named the Vanguard Precious Metals and Mining Fund. The main focus of this fund is centered on companies that are involved in the exploration, mining or distribution of gold, silver, and platinum.
As of 12/18/09, the stock price of this fund is at $19.82. The 52 week was at $21.77 and the 52 week low as $9.73.
There are over 46 different stocks in this fund with the top ten holding 56.5% of the net assets. The fund’s total net asset is in excess of $4.0 billion. There are also foreign holdings that account for 89.8% of this fund. The top holdings are stocks from Lonmin PLC, Johnson Matthey PLC, Petropavlovsk PLC, Imerys SA, Eramet, Impala Platinum Holding Ltd ADR, Centerra Gold Inc, BHP Billiton Ltd, Sims Metal Management Ltd, and Hochschild Mining PLC. The top 5 counties where this fund has investments are the United Kingdom, Australia, Canada, France, and South Africa.
The annualized return of this fund from 5/23/84, its inception date, is at 7.80%. The 10 year return is 18.58%. The 5 year return is 15.24%. The 3 year return is at 1.88% and the 1 year return is at an amazing 105.26%
When categorized against the other Vanguard Funds, this particular one is a high risk and high reward type fund. This is a long term investment over capital type fund. There is a $10,000 minimum investment required to join this fund.
This Vanguard Silver Mutual Fund Review sees this fund as a good long term investment. Those that think short term must be advised that there is a redemption fee of 1% on shares held less than one year.