LU2404266418
Franklin Gold and Precious Metals Fund

Equities
Commodities
Global
SGD Cash, SRS
Accumulating

Invest with

SGD Cash, SRS

Payout type

Accumulating

Risk rating

About this 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.

Key information

Annual report

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Product Highlight Sheet

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Prospectus

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Our perspective

Why we think this fund is best-in-class

Product

Provides investors with exposure to the gold and precious sector. The Fund's expected number of holdings can vary between 40-80 depending on market conditions. The Fund provides a good mirror for the price movements of gold and its corresponding diversification benefits - this is shown by its high correlation with the London Bullion Market Association (LBMA) Gold Price, a reference that is broadly used in the industry to price gold contracts. The Fund serves as a useful asset class diversifier from its low historical correlation to the MSCI ACWI and Bloomberg Global Aggregate indices respectively.

People

Managed by experienced portfolio manager Steve Land. Steve has spent his entire career with Franklin Templeton, joining in 1997 and managing this strategy since its inception in March 1999. He has research responsibilities for companies in the metal and mining industry and is also a member of the portfolio management team for the Franklin Natural Resources Fund. Steve is supported by back-up portfolio manager Frederick Fromm. Frederick is the lead portfolio manager of the Franklin Natural Resources Fund, specialising in equity research analysis of the integrated oil services industry. He has been in Franklin Templeton since joining as a management trainee in 1992.

Performance

Due to the Fund's high beta to gold, the Fund exhibits both strong upside and downside capture. In periods of softness in gold prices, the Fund can be expected to underperform and may also generate sizable negative returns. However, when market sentiment is bullish on gold, the Fund will often outperform both its peers and the gold benchmark.

Process

The team utilises a top-down analysis to help determine the commodity focus and risk composition of the overall portfolio. This includes assessing the likelihood of merger and acquisition activity and its potential impact on the industry and stock valuations. This top-down analysis is followed by a bottom-up analysis of individual stocks that the team believes represents compelling investment opportunities. Some qualitative and quantitative factors include political risk, strength of management, asset quality and pipeline.

Cost

Access to clean retail share class with no trailer fees to achieve the lowest possible fees

How it fits in a portfolio

Investors looking to diversify their portfolio by having an exposure to the gold and precious metals sector can consider the Fund as a satellite exposure. However, note that the sector is inherently volatile, with significant swings in calendar year returns as a regular occurrence - investors should be mindful of the Fund's risk profile before making an allocation.

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Performance

Returns

NAV

Shows the total return of this accumulating fund, which includes dividends reinvested.

Total returns

Cumulative

Annualised

All Time

178.95%

YTD

5.96%

1 month

-19.52%

6 month

28.49%

1 year

109.90%

3 year

228.26%

As of Mar 2026

Distributions

This is an accumulating fund, so dividends are re-invested at the fund level.

Risk metrics

Max drawdown

-39.35%As of Mar 2026

Volatility

33.47%As of Mar 2026

Calendar returns

Year	Total	Jan	Feb	Mar	Apr	May	Jun	Jul	Aug	Sep	Oct	Nov	Dec
2026	-	9.5%	20.2%	-19.5%	-	-	-	-	-	-	-	-	-
2025	176.0%	14.4%	3.4%	17.8%	3.8%	6.4%	0.0%	-2.1%	21.2%	24.6%	-2.9%	13.5%	10.0%
2024	21.3%	-6.4%	-7.2%	20.1%	7.8%	7.6%	-5.0%	5.7%	2.9%	3.7%	8.2%	-7.1%	-6.9%
2023	0.4%	8.0%	-10.4%	12.2%	2.2%	-7.6%	-1.5%	1.7%	-4.4%	-7.8%	0.8%	10.1%	0.0%
2022	-22.6%	-6.2%	11.9%	5.3%	-6.5%	-8.7%	-17.7%	-0.6%	-7.2%	-3.2%	-3.4%	14.2%	1.1%
Load more		5 of 6

Top Exposures

Holdings

Regions

Sectors

Alamos Gold Inc Class A	5.44%
Equinox Gold Corp Ordinary Shares Class A	5.37%
G Mining Ventures Corp	5.07%
Barrick Mining Corp	4.69%
Newmont Corp	3.13%
Anglogold Ashanti PLC	3.12%
Agnico Eagle Mines Ltd	2.67%
Orla Mining Ltd	2.46%
Torex Gold Resources Inc	2.24%
Perseus Mining Ltd	1.92%
Endeavour Mining PLC	1.92%
Greatland Resources Ltd	1.90%
Newmont Corp Chess Depository Interest	1.65%
Skeena Resources Ltd	1.35%
Montage Gold Corp Ordinary Shares	1.20%

Top exposures represent up to 15 of the fund's largest exposures for each category. Allocation percentages may not sum up to 100% and can include negative values due to rounding or trading activities by the underlying fund managers, including short positions.

Fund fees

1.02% p.a.

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Fund facts

ISIN

LU2404266418

Fund house

Franklin Templeton

Fund size

S$2.8B

As of 10 Apr 2026

Fund benchmark

FTSE Gold Mines TR USD

Fund inception date

15 Nov 2021

Fund class currency

SGD

Fund share class

W(acc) SGD

Oldest share class ISIN

LU0496368654

Oldest share inception date

30 Apr 2010

Pricing frequency

Daily

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LU2404266418Franklin Gold and Precious Metals Fund

LU2404266418
Franklin Gold and Precious Metals Fund