Description

The fund primarily directs its capital toward equity securities of businesses engaged in the extraction, refining, or commerce of gold, other metals, or minerals. Its portfolio may also include physical gold bullion, other tangible metal assets, and exchange-traded funds (ETFs) linked to precious metals. The fund reserves the right to allocate all of its assets solely to these categories of investments. In typical market circumstances, a minimum of 80% of the fund's net asset value, coupled with any borrowed funds for investment purposes, will be committed to these specific holdings or to financial derivatives and instruments possessing similar economic attributes. This portfolio is characterized as non-diversified.