Franklin Gold and Precious Metals Adv
FGADX
NASDAQ- -
USD
- -
- -
Capital Structure
FRC
•
in mil. unless spec.Working Capital
FRC
•
in mil. unless spec.Growth Rates
FRC
•
in mil. unless spec.Quarterly Revenue
FRC
•
in mil. unless spec.Quarterly Earnings Per Share
FRC
•
in mil. unless spec.Quarterly Dividends Per Share
FRC
•
in mil. unless spec.- Sector
- Financial Services
- Industry
- Asset Management
- Address
- San Mateo, CA 94403-1906 Boston MA United States of America 02210
- IPO Date
- Dec 31, 1996
- CIK
- 0000083293
- Website
- fundresearch.fidelity.com
- Similar Companies
- Business
- Franklin Gold and Precious Metals Fund Advisor Class (FGADX) is an open-end mutual fund that seeks capital appreciation by investing at least 80% of its net assets in securities of companies worldwide engaged in the mining, processing, or dealing of gold and other precious metals, including silver, platinum, and palladium; it has a secondary objective of current income through dividends or interest from portfolio holdings. The fund offers exposure to a diversified portfolio across subsectors such as long-life gold mines (42.77%), gold exploration and development (25.99%), medium-life gold mines (11.04%), diversified metals and mining (9.69%), and precious metals and minerals (4.51%), with top holdings including G Mining Ventures Corp, Barrick Mining Corp, Equinox Gold Corp, Agnico Eagle Mines Ltd, and Newmont Corp; it predominantly invests in non-U.S. companies, including small- and mid-capitalization issuers, and is classified in the Equity Precious Metals category with a net expense ratio of 0.67%. Geographically, the fund operates primarily through investments in Canadian (56.22%), Australasian (23.26%), U.S. (6.22%), African (6.01%), and U.K. (4.32%) companies, serving institutional and high-net-worth investors with a minimum initial investment of $100,000. Launched on December 31, 1996, as the Advisor Class share (with the broader fund inception on May 19, 1969), FGADX is managed by the Franklin Equity Group of Franklin Resources, Inc. (NYSE: BEN), headquartered at One Franklin Parkway, San Mateo, California, USA, and overseen by portfolio managers Steve Land (since April 1, 1999) and Frederick Fromm (since December 31, 2005). The fund maintains total net assets of approximately $2.31 billion, with the Advisor Class comprising $557.94 million, a portfolio turnover rate of 23%, and annual dividend distributions. In recent developments, the fund benefited from robust precious metals market performance in 2025, with gold prices rising 47% year-to-date to $3,859 per troy ounce amid geopolitical tensions, U.S. tariffs, inflation concerns, and declining real yields, driving strong quarterly returns in Q1 and Q2 2025 that outperformed benchmarks through favorable security selection in gold and off-benchmark holdings in platinum, palladium, silver, and copper miners. Franklin Templeton, the fund's parent, continues to expand via strategic initiatives, including its ongoing integration of acquired capabilities from prior deals like the 2023 partnership and acquisition of Putnam Investments from Power Corporation of Canada, enhancing its multi-asset solutions and defined contribution assets under management. The fund issued distributions in December 2024, including $2.387 ordinary dividends per share (with $0.171 qualified), and maintains a Morningstar 3-star rating in the Equity Precious Metals category as of late 2025.