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Gold Participation and Income Fund

 

GPF.UN

Fact SheetFact Sheet

Fund Overview

Overview

The Fund is a closed-end investment trust designed to provide investors with exposure to the long-term performance of gold bullion and gold equity securities. The Fund utilizes Strathbridge’s proprietary SSO covered call writing strategy to enhance the income generated by the portfolio and to reduce volatility.

Rationale

The gold sector has traditionally acted as a hedge against inflation and a safe-haven during uncertain economic times. Gold has a low correlation to other asset classes and provides portfolio diversification benefits. The Fund is appropriate for those investors looking for exposure to the gold sector while earning attractive distributions with lower volatility.

Distributions

Distributions are calculated and paid monthly based on 6.5% per annum of the net asset value of the Fund.

Portfolio

The Fund will hold up to 50% of its net asset value in shares of SPDR Gold Trust, a US listed exchange traded fund that invests directly in gold bullion and up to 75% in gold equity securities selected from the S&P/TSX Global Gold Index, a dynamic international benchmark of the world’s leading gold companies.

Top 10 Holdings as of March 31, 2015
Holding Name % of NAV
SPDR GOLD SHARES      47.2%
CASH      11.8%
NEWMONT MINING CORP      9.3%
BARRICK GOLD CORP      9.0%
AGNICO EAGLE MINES LTD      6.4%
FRANCO-NEVADA CORP      5.8%
GOLDCORP INC      5.0%
CIA DE MINAS BUENAVENTUR-ADR      2.5%
ROYAL GOLD INC      2.4%
NOVAGOLD RESOURCES      1.9%
Sector Allocations

 

 

 Pricing
As of 07/23/2015
Current NAV for GPF.UN: $4.01
Market Price: $3.83
Last Traded: 07/29/2015 10:30am
View Historical NAV  
 Quick Facts
Inception Date: 08/07/2009
Total Assets As of 03/31/2015: $3.27 mm
Management Fee: 0.8%
 Distributions & Tax
Current Distributions for GPF.UN: $0.02
Current Yield: 7.59%
View Historical Distributions  
 News
7/6/2015
GPF: Declares Monthly Fund Distribution
6/3/2015
GPF: Declares Monthly Fund Distribution
5/4/2015
GPF: Declares Monthly Fund Distribution
4/2/2015
GPF: Declares Monthly Fund Distribution
3/26/2015
GPF: Announces Year End Results
View More News
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