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Gold Participation and Income Fund

Fact SheetFact Sheet

 

GPF.UN

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, hedged back to the Canadian dollar 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. In addition, the Fund may write cash covered put options in respect of securities in which it is permitted to invest.

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 Canadian dollar 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 June 30, 2014
Holding Name % of NAV
SPDR GOLD SHARES      30.9%
GOLDCORP INC      9.3%
FRANCO-NEVADA CORP      8.7%
ROYAL GOLD      8.2%
NEWMONT MINING CORP      7.0%
AGNICO-EAGLE MINES LIMITED      6.5%
ELDORADO GOLD CORP      6.3%
RANDGOLD RESOURCES LTD-ADR      6.1%
BARRICK GOLD CORP      4.8%
NEW GOLD INC      3.8%
Sector Allocations

 

 

 Pricing
As of 10/23/2014
Current NAV for GPF.UN: $5.36
Market Price: $5.06
Last Traded: 10/30/2014 9:39am
View Historical NAV  
 Quick Facts
Inception Date: 08/07/2009
Total Assets As of 06/30/2014: $6.05 mm
Management Fee: 0.8%
 Distributions & Tax
Current Distributions for GPF.UN: $0.03
Current Yield: 6.96%
View Historical Distributions  
 News
10/17/2014
GPF: Announces Normal Course Issuer Bid
10/3/2014
GPF: Declares Fund Distribution
9/3/2014
GPF: Declares Monthly Fund Distribution
8/28/2014
GPF: Announces Semi-Annual Results
8/5/2014
GPF: Declares Monthly Fund Distributions
View More News
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