Midas Magic (MISEX)
MIDAS MAGIC invests for capital appreciation.
The Fund exercises a flexible strategy in the selection of securities, and will not be limited by the issuer’s location, size, or market capitalization. The Fund may invest in equity and fixed income securities of new and seasoned U.S. and foreign issuers with no minimum rating, and may employ aggressive and speculative investment techniques, such as selling securities short and borrowing money for investment purposes, a practice known as “leveraging” and may invest defensively in short term, liquid, high grade securities and money market instruments.
To achieve the Fund’s objective, the investment manager may use a seasonal investing strategy to invest the Fund’s assets to gain exposure to the securities markets during periods anticipated to be favorable based on patterns of investor behavior as driven by and related to accounting periods, tax events and other calendar related phenomenon.
Midas Magic is subject to the Principal Risks associated with market fluctuations, foreign investment, leverage, non-diversification, short selling, options, and futures transactions, small capitalization and fixed income securities.
Fund Reports and Information
You should carefully consider the investment objectives, risks, charges and expenses of the Midas Funds by reading the prospectus carefully before investing or sending money. Consult with your tax advisor or attorney regarding specific tax issues.
Investment products, including shares of the Midas Funds, are not federally or FDIC insured, are not deposits or obligations of, or guaranteed by, any financial institution and involve investment risk, including possible loss of principal and fluctuation in value.
For investment risks associated with the Funds, please read "Principal Investment Objectives, Strategies and Risks," and "Additional Investment Risks" in the free prospectus, which contains this and other important information about the Midas Funds. You can obtain a prospectus by contacting us at 1-800-400-MIDAS (6432) or downloading it below.
The Midas Funds are managed by Midas Management Corporation, a wholly owned subsidiary of Winmill & Co. Incorporated. Winmill & Co. is engaged through subsidiaries in stock market and gold investing through its investment management of mutual funds and closed end funds.
Past Performance does not guarantee future results. The investment return and principal value of an investment will fluctuate so that an investor's shares, when redeemed, may be worth more or less than their original cost. Each of the investment products (including the mutual funds) or services referred to in this site may be offered only to persons in the United States. This website should not be considered a solicitation or offering of any investment products or services to investors residing outside the United States. Each Fund is described in a combined prospectus that contains more complete information about each Fund, including management fees and other charges and expenses. Request a prospectus and read it carefully before you invest or send money. Please print out from this site or e-mail or call us at 1-800-400-MIDAS (6432) to obtain a free prospectus. "Midas", "Midas Funds" (design), and "The Midas Touch" registered trademarks are the property of Performance Driven Properties, Inc. Midas Securities Group, Inc., Distributor.