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Precious Metals Fund – Share Class A
All information on this page is as of 05-17-2013 unless otherwise noted.
Ticker EKWAX
CUSIP 94985D533
NAV $39.28
$ Change $-1.58
% Change -3.87%
YTD Return -39.01%
Inception Date 01-30-1978
Net Fund Assets as of 04-30-2013$657,559,312.22
Fund Notes
  • Read the fund's Quarterly Update (pdf)  
  • Class B shares are closed to new investors and additional investments from existing shareholders.  

   
 
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Net Asset Value (NAV) as of 05-17-2013 – Share Class A
NAV $39.28
$ Change $-1.58
% Change -3.87%
Cumulative & Annualized Total Returns 1 – Share Class A
   Annualized Total Returns 
Performance Type   Last 3 Months   Year To Date   1-Year   3-Year   5-Year   10-Year   Since Inception
NAV as of 04-30-2013 -24.79% -30.47% -31.08% -12.43% -3.29% 13.16% 9.24%
POP as of 04-30-2013 -29.11% -34.47% -35.04% -14.15% -4.43% 12.49% 9.06%
POP as of 03-31-2013 -21.57% -21.57% -25.68% -5.28% -2.45% 14.52% 9.64%

Figures quoted represent past performance, which is no guarantee of future results. 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. Performance shown without sales charges would be lower if sales charges were reflected. Current performance may be lower or higher than the performance data quoted and assumes the reinvestment of dividends and capital gains.

Public offering price (POP) is the price of one share of a fund including any sales charges. Net asset value (NAV) is the value of one share of the fund excluding any sales charges. Had sales charges been included, performance would be lower. Returns for periods of less than one year are not annualized.

For Class A shares, the maximum front-end sales charge is 5.75%. Performance including sales charge assumes the sales charge for the corresponding time period.


Expenses – Share Class A
Net Expense Ratio
effective since 08-01-2012
1.10%
 
Gross Expense Ratio 1.15%

The adviser has committed, through 7-31-2013, to waive fees and/or reimburse expenses to maintain the Fund's contractual expense cap at 1.09%, excluding acquired fund fees and certain other expenses. Without these reductions, the Fund's returns would have been lower, and the rankings and ratings may have been lower.


Commissions & Breakpoints  (Excludes no-load share classes.) Click here to view
Morningstar Rating 2 – Share Class A   Lipper Total Return Rankings – Share Class A
Based on risk-adjusted returns as of 04-30-2013
Category Equity Precious Metals
Overall (out of 70 funds)
3-Year (out of 70 funds)
5-Year (out of 65 funds)
10-Year (out of 47 funds)

The Overall Morningstar Rating for a fund is derived from a weighted-average of the performance figures associated with its three-, five- and ten-year (if applicable) ratings.

 
as of 04-30-2013
Category Lipper Precious Metals Equity Funds
1 - Year 17 out of 73
3 - Year 13 out of 62
5 - Year 11 out of 53
10 - Year 3 out of 36

Lipper rankings do not include the effects of sales charges. Past performance is no guarantee of future results.


Benchmark Returns3,4 as of 04-30-2013
   Average Annual Total Returns 
Performance Type   Last 3 Months   Year To Date      1-Year         3-Year         5-Year         10-Year   
FTSE Gold Mines Index -27.97% -33.80% -35.35% -16.68% -6.57% 6.27%
Lipper Precious Metals Equity Funds Average -26.45% -31.82% -33.79% -14.28% -5.71% 10.25%
Calendar Year Returns1 – Share Class A
Calendar Year Return

Does not include sales charges, and assumes reinvestment of dividends and capital gains.

 

1 The inception date of Class A shares was January 20, 1998, Class B shares was January 30, 1978, and Class C shares was January 29, 1998. Historical performance shown for Class A prior to its inception is based on the performance of Class B, the original class offered, and has not been adjusted to reflect the lower expenses applicable to Class A. If these returns had been adjusted, returns would be higher. Historical performance shown for Class C prior to its inception is based on the performance of Class B, the original class offered. Classes B and C have the same expenses. Historical performance shown for all classes of the Fund prior to July 16, 2010 is based on the performance of the fund's predecessor, Evergreen Precious Metals Fund.

2 For each fund with at least a three-year history, Morningstar calculates a Morningstar Rating™ based on a Morningstar Risk-Adjusted Return measure that accounts for variation in a fund's monthly performance (including the effects of sales charges, loads, and redemption fees), placing more emphasis on downward variations and rewarding consistent performance. The top 10% of funds in each category receive 5 stars, the next 22.5% receive 4 stars, the next 35% receive 3 stars, the next 22.5% receive 2 stars and the bottom 10% receive 1 star. (Each share class is counted as a fraction of one fund within this scale and rated separately, which may cause slight variations in the distribution percentages.) Past performance is no guarantee of future results.

3 The FTSE Gold Mines Index is designed to reflect the performance of the world-wide market in the shares of companies whose principal activity is the mining of gold. Eligibility is based on the quantity of gold production. You cannot invest directly in an index.

4 The Lipper Precious Metals Equity Funds Average is an average of funds, which invest primarily in equity securities and non-equity-related instruments of the precious metals market. These funds may include investments in the mining, exploration, or distribution of gold and other precious metals. These funds may also hold bullion. The total return of the Lipper Average does not include the effect of sales charges. You cannot invest directly in a Lipper Average.


 

Not FDIC Insured • No Bank Guarantee • May Lose Value