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Midas Funds announced strategic name changes for two of its funds: Midas Fund is now Midas Discovery (NASDAQ:MIDSX), and Midas Magic becomes Midas Special Opportunities (NASDAQ:MISEX). The rebranding aims to increase fund awareness while maintaining existing tickers, CUSIPs, investment objectives, and portfolio management strategies.
Midas Discovery focuses on investments in natural resources and precious metals, including mining, processing, and distribution companies. The fund faces various risks, including market fluctuations, foreign investment, non-diversification, and precious metals-related risks.
Shareholders can access detailed information through the fund's prospectus and summary prospectus, available via phone (1-800-400-MIDAS) or the official website. The fund complex includes Foxby Corp and Bexil Investment Trust, with distribution handled by Midas Securities Group.
