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Gold Participation and Income Fund

 

GPF.UN

Fund Overview

Overview

The Fund is a closed-end investment trust that utilizes a proprietary tactical asset allocation methodology to identify those sectors in the U.S. market that offer the most attractive investment opportunities. The Fund generally invests in equity based exchange-traded funds (ETFs) to obtain various sector exposures. During periods of increased risk, the Fund may allocate a greater portion, and potentially up to 100% of the assets to fixed income ETFs, or cash to preserve capital.

Rationale

Asset allocation is an important element in determining portfolio return since asset classes perform differently in different markets and economic conditions. By taking an active approach to positioning the portfolio into sectors the Manager believes will outperform the general market, the Fund is expected to provide investors with returns that are less correlated to the market. At the same time, the Manager will attempt to protect capital by investing a greater portion of the assets in fixed income.

Distributions

The Fund expects to make distributions annually consisting of net income, net realized capital gains and/or return of capital, if any. Distributions will automatically be reinvested in additional units of the fund unless the Manager is instructed to pay distributions in cash.

Portfolio

The Fund will invest in a diversified basket of ETFs that provide direct or indirect exposure to U.S. equity and fixed income markets. The following is a list of some of the ETFs the Fund may invest in:

Equity Materials Sector Fund XLB
Equity Energy Sector Fund XLE
Equity Industrials Sector Fund XLI
Equity Financial Sector Fund XLF
Equity Technology Sector Fund XLK
Equity Core Discretionary Sector Fund      XLY
Equity Consumer Staples Sector Fund XLP
Equity Health Care Sector Fund XLV
Equity Utilities Sector Fund XLU
     
Fixed Income      20+ Year Treasury Bond ETF TLT

Top 5 Holdings as of March 31, 2016
Holding Name % of NAV
ISHARES BARCLAYS 20+ YEAR TREASURY BONDS ETF      35.8%
UTILITIES SELECT SECTOR SPDR ETF      19.1%
INDUSTRIAL SELECT SECTOR SPDR ETF      19.0%
CONSUMER STAPLES SELECT SECTOR SPDR ETF      18.9%
CASH      9.7%
Sector Allocations

 

 

 Pricing
As of 04/14/2016
Current NAV for GPF.UN: $3.78
Market Price: $3.80
Last Traded: 03/24/2016 12:51pm
View Historical NAV  
 Quick Facts
Inception Date: 08/07/2009
Total Assets As of 12/31/2015: $2.63 mm
Management Fee: 2%
 Distributions & Tax
Current Distributions for GPF.UN: $0.02
Current Yield: 6.5%
View Historical Distributions  
 News
3/23/2016
GPF: Announces Year End Results
3/21/2016
GPF: Announces Delisting from TSX
1/19/2016
GPF: Announces Results of Unitholder Meeting
1/6/2016
GPF: Declares Monthly Fund Distribution
12/8/2015
Announces Proposal to Convert to a Mutual Fund
View More News
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