Kudos to local mutual fund portfolio manager Mark W. Johnson.
Mr. Johnson has managed the USAA Precious Metals and Minerals Mutual Fund (ticker symbol USAGX) since 1994, formerly known as the USAA Gold Fund.
According to the USAA web site, (www.usaa.com);
It was recently announced by Lipper Analytical Inc. that the USAA Precious Metals and Minerals Mutual Fund “…was ranked number one performing fund of the decade..” .
“The fund ranked the highest among a universe of some 3,924 equity and fixed-income mutual funds, across all categories of funds, Lipper data shows. The fund returned an annualized 24.4% for the 10-year period ending Dec. 31, 2009.
The Lipper data also shows that over the last five years, ending Dec. 31, 2009, the fund ranked fifth in overall performance, with an annualized return of 25.5%.
The $1.5 billion fund was started in 1984 and is managed by Mark Johnson and Dan Denbow, co-portfolio managers.”
USAA Precious Metals and Minerals (USAGX) had an inception date of August 1984. It invests in gold mining and other metals and mineral mining companies. It seeks long-term capital appreciation and to protect the purchasing power of capital against inflation.
For more details about all this and all the other USAA mutual funds see:
Lipper Analytical Inc. is the industry standard for benchmarking mutual funds and provides this service for advisers, financial firms and investors. Each mutual fund has a rating based as its asset type (such as bonds or equity) and its classification of fund holdings (large cap growth, emerging markets, etc) as well as the fund’s performance over time. This is an excellent resource for comparing mutual fund performance.
Domestic equity mutual funds and the U.S. broad market indexes have had a tough decade. For example, the S&P 500 index had a negative annualized return over the past 10 years, ending December 31, 2009.
Congratulations to those savvy investors who selected the USAA Precious Metals and Minerals Mutual Fund ten years ago. So is this mutual fund right for you?
Of course, past performance of a mutual fund does not guarantee its future returns, in other words, you need to consider your goals and objectives and suitability before you invest in any mutual fund. Review your investments with a financial adviser.