GOAUU.S. Global GO Gold and Precious Metal Miners ETF
GOAU Fund Description
GOAU tracks an index of 28 precious metal mining firms listed in the US, Canada, Australia, Hong Kong or South Africa. Holdings are selected by fundamental factors and weighted in fixed tiers.
GOAU Factset Analytics Insight
GOAU is the second fund from issuer US Global. The fund provides an alternate take on the mining space by screening for fundamental factors and using a complex tiered weighting structure. Unlike some competitors, the fund includes royalty and streaming companies, which provide capital to mining start-ups in exchange for a stake in the eventual production. GOAU starts by screening out mining firms that are financed primarily with debt. Miners in the top 10% by revenue per employee are deemed “priority companies”, and the index calculates a composite score for each security scoring priority companies by revenue/employees, operating cash flow/employees, and gross margin, and other firms by operating cash flow/enterprise value. GOAU builds its portfolio by filling a fixed, four-tier bracket of 28 names, starting with the highest-scored priority companies and then moving down the list of other firms. Tier 1 contains three names, weighted at 10% each, which must be gold or silver miners directly listed in the US or Canada, with at least $1 billion market cap. These requirements become less stringent with each tier, Tier 4 consists of ten names, weighted at 2% each, listed outside North America, with at least $200 million in market cap. GOAU reconstitutes quarterly.
GOAU MSCI ESG Analytics Insight
U.S. Global GO Gold and Precious Metal Miners ETF has an MSCI ESG Fund Rating of AA based on a score of 7.97 out of 10. The MSCI ESG Fund Rating measures the resiliency of portfolios to long-term risks and opportunities arising from environmental, social, and governance factors. ESG Fund Ratings range from best (AAA) to worst (CCC). Highly rated funds consist of companies that tend to show strong and/or improving management of financially relevant environmental, social and governance issues. These companies may be more resilient to disruptions arising from ESG events.
The fund’s Peer Rank reflects the ranking of a fund’s MSCI ESG Fund Quality Score against the scores of other funds within the same peer group, as defined by the Thomson Reuters Lipper Global Classification. U.S. Global GO Gold and Precious Metal Miners ETF ranks in the 85th percentile within its peer group and in the 52nd percentile within the global universe of all funds covered by MSCI ESG Fund Ratings.
GOAU MSCI FaCS and Factor Box
MSCI FaCS is a standard method for evaluating and reporting the Factor characteristics of equity portfolios including ETFs. The Factor Box includes 6 Factors that MSCI has identified that historically provided a return premium. On the vertical axis, the Factor Groups, are displayed and the horizontal axis displays the Factor exposure, overweight, underweight or neutral.
GOAU Summary Data
GOAU Portfolio Data
GOAU Index Data
GOAU Portfolio Management
GOAU Tax Exposures
GOAU Fund Structure
GOAU Factset Analytics Block Liquidity
This measurement shows how easy it is to trade a $1 million USD block of GOAU. GOAU is rated a 2 out of 5.
GOAU Sector/Industry Breakdown
GOAU Economic Development
GOAU Performance Statistics
GOAU MSCI ESG Ratings
GOAU Benchmark Comparison Summary
GOAU Benchmark Comparison Market Cap Size