Fidelity Gold Mutual Funds for Your IRA

  • The Fidelity Gold and Precious Metals Fund invests in gold and precious metals.
  • The fund's assets are primarily held in gold, silver, platinum, and palladium.
  • The fund is managed by John Hyland, who has been managing the fund since 2011.
  • The Fidelity Gold and Precious Metals Fund has returned 6.86% over the past 12 months.

Fidelity is a well-known mutual fund company that was founded in 1946. Fidelity provides investors with a broad variety of funds that range in risk levels. The Fidelity Gold and Precious Metals Fund (FGLDX) is one of Fidelity's most aggressive funds, and it offers investors access to gold's price movement. This fund is suitable for investors looking for long-term growth potential.



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Fidelity Gold and Precious Metals Trust (FGAMX)

In 2015, Gold Bullion Fund (GOLDX) changed its name to Fidelity Gold and Precious Metals Trust. The trust invests in gold bullion, gold-related securities, and cash equivalents.
Fidelity Gold Bullion Trust (FBGTX)
In June 2018, Fidelity Gold Bullion Trust changed its name to Fidelity Gold Bullion Fund. The fund seeks to provide the highest possible yield consistent with the preservation of capital and prudent investment management.
Fidelity Precious Metals and Mining Fund (FSPMX)
Fidelity Precious Metals and Mining Fund invests in bullion, bullion futures, and shares of mining companies. The fund's objective is to provide its shareholders with long-term capital appreciation while managing the risks of investing in the precious and mining sectors.
Fidelity Precious Metals and Mining Fund Investor Shares (FSPMTX)
In March 2018, Fidelity Precious Metals and Mining Fund changed its name to Fidelity Precious Metals and Mining Fund Investor Shares. The fund's objective is to provide its shareholders with long-term capital appreciation while managing the risks of investing in the precious and mining sectors.
Fidelity Precious Metals and Mining Fund Institutional Shares (FSPMX)
In March 2018, Fidelity Precious Metals and Mining Fund Institutional Shares changed its name to Fidelity Precious Metals and Mining Fund Institutional Shares. The fund's objective is to provide its shareholders with long-term capital appreciation while managing the risks of investing in the precious and mining sectors.

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fidelity gold mutual funds

Fidelity Select Gold and Precious Metals Fund (FSAGX)

Expense Ratio: 0.81%

Fidelity Select Gold and Precious Metals Fund (FSAGX) is a fund of funds that contains numerous gold, silver, and platinum investments. The fund is managed by Fidelity and includes a 0.81% expense ratio.
As of late July 2020, the Fidelity Select Gold and Precious Metals Fund had an annualized return of 2.86% over the past five years. This was slightly lower than the 3.09% annualized return of the S&P 500 Index. The fund's expense ratio of 0.81% is well below the average expense ratio of 1.11% for funds in its category.



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Franklin Gold and Precious Metals Fund (FLAGX)

Franklin Gold & Precious Metals Fund invests in up to 40% of its funds in physical gold. The fund seeks a total return of at least 80% of the return of its benchmark-the Bloomberg Gold Spot Index-minus fees and expenses. The portfolio consists of various gold and precious metal companies, including Barrick Gold Corp. (ABX), Newmont Mining Corporation (NEM), and Freeport-McMoRan Inc. (FCX).
Fidelity Select Gold Fund (FSGLX)
Fidelity Select Gold Fund invests 50% to 75% of its funds in physical gold. The fund may invest up to 25% in foreign securities. Its benchmark is the performance of the Bloomberg Gold Spot Index. The portfolio includes names like Barrick Gold Corp. (ABX) and Newmont Mining Corporation (NEM).