U.S. Global GO GOLD and Precious Metal Miners ETF
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Yet to be announced
Company Overview
GOAU is an exchange-traded fund (ETF) that tracks the U.S. Global Go Gold and Precious Metal Miners Index. The fund invests in companies engaged in the precious metals mining industry, with a focus on companies that earn over 50% of their aggregate revenue from precious metals through mining or production and companies that earn over 50% of their aggregate revenue from precious metals through streaming and/or royalty agreements.
The ETF primarily invests in gold mining companies but also includes exposure to silver and other precious metals miners. The fund emphasizes companies with higher revenue per employee and those that pursue royalty and streaming deals, which typically have higher profit margins and lower risk compared to traditional mining operations.
Revenue Sources
Based on the fund's investment criteria and holdings analysis, the ETF invests exclusively in companies involved in precious metals mining, streaming, and royalty agreements. These activities involve the extraction, processing, and sale of physical precious metals, which are permissible business activities from an Islamic perspective. The fund does not invest in prohibited activities such as gambling, alcohol, tobacco, or conventional financial services.
Reliance on Interest
| Reporting Date | Total Revenue | Total Expense | Interest Income | Interest Expense | Interest Income Ratio | Interest Expense Ratio |
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As an ETF, GOAU primarily generates income through capital appreciation of its holdings and dividend distributions from mining companies. The fund itself does not engage in interest-based lending or borrowing. While some of the underlying mining companies may have interest-bearing debt, the ETF's structure as a pass-through investment vehicle means it is not directly involved in interest-based transactions.
Operational Ethics
After reviewing the fund's holdings and investment policies, there is no evidence of direct material ongoing associations with entities involved in human rights violations. The fund primarily invests in mining companies operating in North America, Australia, and other regions with established mining regulations and human rights protections.
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