MIDAS SPECIAL OPPORTUNITIES (Ticker: MISEX) normally will exercise a flexible strategy in the selection of securities and usually 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, including securities convertible into common stock, debt securities, futures, options, derivatives, and other instruments. The Fund also may employ aggressive and speculative investment techniques, such as selling securities short and under normal circumstances, in pursuit of its investment objective, may invest in any security type (e.g., common and preferred stocks, bonds, convertible securities, etc.) and in companies of any size, industry, sector, including both domestic and foreign companies. Generally, the Fund’s investment adviser, Midas Management Corporation (the “Investment Manager”), seeks to invest in what it believes to be quality companies with unique combinations of strength in operations, products, and finances with either growth or value characteristics. A security is typically sold when its potential to meet the Fund’s investment objective is limited or exceeded by another potential investment, when an investment in an issuer no longer appears to meet the Fund’s investment objective, or when the Fund must raise cash to meet shareholder redemptions. In seeking to enhance returns, the Fund may use futures, options, and short sales and may use leverage to the extent permitted under the Investment Company Act of 1940, as amended.
To achieve the Fund’s investment 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, taxable events, and other calendar related phenomena. The Investment Manager’s analysis also takes into consideration those periods during the year in which it anticipates that investors are more likely to invest additional money into the securities markets. These periods can be related to accounting periods and may be further refined by considerations of tax cycles, holidays, and other factors. The Fund may trade securities actively in pursuit of its investment objective.
You should carefully consider the investment objectives, risks, charges and expenses of Midas Special Opportunities by reading the prospectus carefully before investing or sending money. For investment risks associated with the Fund, please read “Principal Risks of Investing in the Fund,” and “Investment Objectives, Principal Investment Strategies, Related Risks, and Disclosure of Portfolio Holdings” in the free prospectus, which contains this and other important information about the Fund. To obtain a copy of the prospectus, please contact us at 1-800-400-MIDAS (6432) or download it here.
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All of the Midas Funds may also be purchased through a number of brokerage firms. Please check with your broker to determine whether the Funds are available with your brokerage firm.
The Midas Funds are available for purchase directly by completing an account application here.
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