ASA Gold & Precious Metals (ASA) is a closed-end-fund with $290 million in assets under management investing exclusively in gold and precious metals mining companies. This fund is unique within the CEF universe as it is the only "pure-play" on gold with a fund history that goes back to 1958. While ASA has historically outperformed gold bullion since inception, returns were underwhelming over the last decade in consideration of the challenging environment for miners. Favorably, 2019 was a strong year for gold with ASA beating out some larger and widely traded gold mining ETF benchmarks.