The fund aims to provide exposure to gold through bullion accounts, futures, and options based on fixed-income securities, with the goal of achieving returns for investors.
Fund Exposure
The fund is primarily exposed to precious metals, with a portfolio breakdown consisting of 46% precious metals, 49.8% bonds, and 4.2% cash and other assets. The breakdown by rating shows 51.8% in gold, with a majority of bond holdings in AAA and AA rated securities.
Risks
Risks associated with this fund include heightened volatility due to its composition and techniques used by the fund management, the use of derivatives for increased opportunities but also increased risk of loss, investments in convertible and warrant-linked bonds dependent on underlying equities, and exposure to bonds where the value is contingent on the issuer's ability to make payments.