Previously, those looking for ways to diversify their portfolios with a gold allocation might choose funds that invest in gold mining shares, which may not track gold bullion very well, or commodity futures funds, which might have a more costly and complicated tax structure than traditional mutual funds. And, many ETFs that offer gold exposure are subject to "collectables" taxation and Schedule K-1 tax reporting rules which can cause investors to delay filing their tax returns, as well as requiring them to file tax returns in multiple states and deal with unrelated business taxable income. QGLDX avoids both of these problems.
"Furthermore, gold is a unique diversifier during trying times," explains
Wagner notes that recent geopolitical events have sparked more queries from advisors and investors about gold, sending the young fund to over
Wagner notes that QGLDX is a convenient and effective way to get exposure to gold with the benefits of daily liquidity and 1099 reporting, and with its included holdings in short-term bonds actually has the possibility of offsetting the normal expense associated with other commodity-based mutual funds.
The fund invests in gold bullion ETFs and derivatives to seek to reflect the daily changes in the price of gold bullion. In addition, it allocates assets to short maturity bond investments in order to produce interest income to accomplish its tax strategy and reduce expenses. During its first year of operation, this tracking fund yielded a return within 29 basis points of the price change of the largest gold ETF after all expenses.
To obtain a copy of the 40-year gold study entitled "The role of gold in investment portfolios" and learn more about QGLDX, please visit: www.goldbullionstrategyfund.com
Keywords for this news article include: Advisors Preferred Llc, Investment and Finance.
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