Franklin Gold and Precious Metals Fund

Fund Description

The fund seeks capital appreciation by investing at least 80% of its net assets in the securities of companies around the world that mine, process or deal in gold and other precious metals such as platinum, palladium and silver. The fund has a secondary goal of current income.

Strategy Statement

"We think precious metals are attractive because they are a hard asset that's not tied to a particular country or financial system, potentially providing stability in times of economic uncertainty. "

Steve Land, CFA®

Management

Steve Land, CFA

Steve Land, CFA®

  • Joined Franklin Templeton in 1997
  • Managed Fund Since 1999
Fred Fromm, CFA

Fred Fromm, CFA®

  • Joined Franklin Templeton in 1992
  • Managed Fund Since 1993

Rating

Overall Morningstar Rating As of 09/30/2017

Rating Category: Equity Precious Metals

Morningstar
The fund's overall Morningstar Rating measures risk-adjusted returns and is derived from a weighted average of the performance figures associated with its 3-, 5- and 10-year (if applicable) rating metrics.

Historical Morningstar Rating As of 09/30/2017

Years Ratings Funds
in category
3
3 Stars
71
5
3 Stars
66
10
3 Stars
48

Morningstar Style Box As of06/30/2017

Strategy, Benefits, Results

Strategy

  • Our fundamental, research-driven approach focuses on high-quality companies with attractive production profiles, strong reserve bases and active exploration programs.
  • We focus on companies that mine, process or deal in gold and other precious metals, which may provide portfolio diversification given their low correlation to the overall equity, bond and currency markets.

Benefits

  • Inflation hedge. Gold and other precious metals tend to perform well during recessionary and inflationary times.
  • Diversification. By adding investments from different sectors to your portfolio, you may take advantage of expanding and contracting economic cycles.

Investing In The Fund

What Are the Risks?

  • All investments involve risks, including possible loss of principal.
  • Also, the fund concentrates in the precious metals sector which involves fluctuations in the price of gold and other precious metals and increased susceptibility to adverse economic and regulatory developments affecting the sector.
  • In addition, the fund is subject to the risks of currency fluctuation and political uncertainty associated with foreign investing.
  • Investments in developing markets involve heightened risks related to the same factors, in addition to those associated with their relatively small size and lesser liquidity.
  • The fund may also invest in smaller companies, which can be particularly sensitive to changing economic conditions, and their prospects for growth are less certain than those of larger, more established companies.
  • Investing in a non-diversified fund involves the risk of greater price fluctuation than a more diversified portfolio.
  • These and other risks are described more fully in the fund’s prospectus.

Minimum Investment

$1,000.00

How Financial Advisors Help You

Speak to your advisor about whether this fund is appropriate for you.

Learn more from FINRA about How to Find and Work with an Investment Professional.

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