The fund primarily invests in the equity of companies involved in the mining, processing, or dealing of gold, other metals, and minerals. It also allocates capital to physical gold bullion, various other physical metals, and exchange-traded funds (ETFs) focused on precious metals, with the potential to concentrate its entire portfolio in these holdings. Under typical market conditions, at least 80% of the fund's net assets, including any borrowings, will be committed to these specific securities or to derivatives and other financial instruments that offer similar economic exposure. This is a non-diversified fund.