MIDAS PERPETUAL PORTFOLIO seeks to preserve and increase the purchasing power value of its shares over the long term by investing a fixed target percentage of its total assets in gold, silver, Swiss franc assets, hard asset securities, large capitalization growth stocks, and dollar assets.
Gold and silver investments may include bullion, bullion type coins, and exchange traded funds that invest therein. Swiss franc assets include Swiss franc denominated deposits and bonds of the federal government of Switzerland of any maturity. Hard asset securities may include those of U.S. and foreign companies dealing primarily in real estate (such as timberland, ranching and farm land, raw land, and land with improvements and structures) and natural resources (such as oil, gas, coal, precious and non-precious metals, and minerals). Large capitalization growth stocks normally include U.S. and foreign companies with market capitalizations over $50 billion with growth in revenues, earnings, or other similar measure and may include options, warrants, and similar derivatives on such stocks. Dollar assets may include U.S. Treasury bills, notes and bonds, obligations of U.S. government agencies, instrumentalities and sponsored enterprises (together with U.S. Treasury obligations “U.S. Government Securities”), and U.S. dollar denominated cash, money market funds, money market instruments, bank deposits, high grade, short term corporate bonds and banker’s acceptances, and similar investments. The average length to maturity of the Fund’s dollar assets will not exceed fifteen years and corporate bonds will have a rating of “A” or higher by Standard & Poor’s, a division of the McGraw-Hill Companies, Inc. and a remaining time to maturity of twenty four months or less.
In pursuit of its investment objective, the Fund seeks to invest a fixed “Target Percentage” of its total assets in each of the following categories:
Investment Category
Target Percentage
Gold
20%
Silver
5%
Swiss Franc Assets
10%
Hard Asset Securities
15%
Large Capitalization Growth Stocks
15%
Dollar Assets
35%
Total
100%
Midas Perpetual Portfolio is subject to the Principal Risks associated
with:
Market fluctuations
Foreign investment
Non-diversification
Concentration
Investments in gold, silver, platinum, and other precious metals
