The fund seeks capital appreciation by investing in companies outside the United States.

The investment process starts with a list of companies in the benchmark index and the research team utilizes quantitative techniques and fundamental analysis to identify investment opportunities.

Next, the research team Invests in companies engaged in exploration, mining, processing, or dealing in gold, or to a lesser degree, in silver, platinum, diamonds, or other precious metals and minerals.

The team invests significantly in securities of companies principally engaged in gold-related activities, and in gold bullion or coins.

Additionally, the team invests in other precious metals, instruments whose value is linked to the price of precious metals, and securities of companies that manufacture and distribute precious metal and mineral products (such as jewelry, watches, and metal foil and leaf).

Also, the team favors companies that invest in other companies engaged in gold and other precious metal and mineral-related activities.

The team seeks to uncover inefficiencies within the investable universe.

In addition, the team evaluates a company’s financial condition and industry position, as well as market and economic conditions.

Then the manager constructs a portfolio of stocks from a list of companies favored by the research team and allocates capital based on its conviction level.

The manager invests in domestic and foreign issuers.

Additionally, the fund may invest up to 25% of its net assets in gold and other precious metals through a wholly-owned subsidiary organized under the laws of the Cayman Islands.
 

The fund seeks capital appreciation by investing in companies outside the United States.

The investment process starts with a list of companies in the benchmark index and the research team utilizes quantitative techniques and fundamental analysis to identify investment opportunities.

Next, the research team Invests in companies engaged in exploration, mining, processing, or dealing in gold, or to a lesser degree, in silver, platinum, diamonds, or other precious metals and minerals.

The team invests significantly in securities of companies principally engaged in gold-related activities, and in gold bullion or coins.

Additionally, the team invests More