Historical Fund Returns
Fund Fact Sheet
Learn more about the fund in detail through this pdf.
- The Fund will invest in equity and debt instruments of global precious metal companies, that the fund managers believe are undervalued and have strong balance sheets. The Fund seeks long term capital gains and inflation protection.
The Fund will invest its assets in equity and equity related securities of companies principally involved in the mining, fabrication, processing, marketing, or distribution of precious metals including gold, silver, platinum group, palladium and diamonds. The equity and equity related securities in which the Fund primarily invests are common stock, preferred stock, convertible securities, rights and warrants, and depository receipts (ADRs and GDRs). The Fund participates in private placements, initial public offerings (IPOs), and long-term equity anticipation securities (LEAPS).
The Fund focuses on selecting companies with established producing mines that have large deposits that create a large stream of cash flow. Senior mining companies that have proven reserves are more strongly influenced by the price of gold. Although the Fund focuses its investments on senior mining companies, the Fund may invest in junior and intermediate mining companies. Junior mining companies typically have small market capitalization and no source of steady cash flow, and their growth generally comes from a major mining discovery.
The Fund looks to identify companies with robust growth profiles, production history, and dependable cash flows.
Although the Fund has the ability to invest its assets in other precious metals, it will have significant investments in the gold sector.
For Investors who are:
- Speculative and long term
- Looking for protection against inflation
Special Risk Factors:
Industry Concentration Risk. The Fund concentrates its investments in gold and other precious metals. The Fund may be subject to greater risks and market fluctuations than a portfolio representing a broader range of industries. The Fund invests in securities that typically respond to changes in the price of gold and other precious metals, which can be influenced by a variety of global economic, financial, and political factors; increased environmental and labor costs in mining; and changes in laws relating to mining or gold production or sales; and the price may fluctuate substantially over short periods of time. Therefore, the Fund may be more volatile than other types of investments.
Special Risk of Investing in Junior and Intermediate Mining Companies. The securities of junior and intermediate exploration gold companies, which are often more speculative in nature, tend to be less liquid and more volatile in price than securities of larger companies.
Non-Diversification Risk. The Fund is non-diversified and may invest a significant portion of its total assets in a small number of companies. This may cause the performance of the Fund to be dependent upon the performance of one or more selected companies, which may increase the volatility of the Fund.
Foreign Securities – The Fund invests primarily in foreign securities, which are generally riskier than U.S. securities. As a result, the Fund is subject to foreign risk, meaning that political events (such as civil unrest, national elections and imposition of exchange controls), social and economic events (such as labor strikes and rising inflation), and natural disasters occurring in a country where the Fund invests could cause the Fund’s investments in that country to experience gains or losses.
Currency Risk – Because the Fund generally invests in securities denominated in foreign currencies, the Fund is subject to currency risk, meaning that the Fund could experience gains or losses based solely on changes in the exchange rate between foreign currencies and the U.S.
Offering of the Gold and Precious Metals Fund SCC
50,000,000 Shares are being offered at USD 10.00 during the initial offering, which will end on Month, Day, Year and thereafter at the NAV on the applicable Valuation Date.
There is no minimum on the amount to be raised in this offering. Until redeemed, all subscriptions, once made, are irrevocable to the subscriber.
Fees and Expenses
Class Q: 0% sales load and a 2.00% annual expense ratio