FLBHMX

About FLBHMX

The First Trust Precious Metals and Minerals Fund is a unit investment trust designed to provide investors with targeted exposure to the precious metals sector. Its primary objective is to achieve above-average capital appreciation by investing in a carefully selected portfolio of companies operating within the precious metals industry, including firms involved in the mining, extraction, and processing of metals such as gold and silver. The fund typically holds a concentrated basket of around 21 securities, representing businesses from various regions, with a notable presence of Canadian companies. As a unit investment trust, it operates with a fixed portfolio over a defined term, offering monthly distributions to unit holders. This structure allows investors to access a curated selection of sector-focused equities while benefiting from the diversification and professional management characteristic of First Trust portfolios. The fund plays a significant role in the financial markets by providing a vehicle for investors seeking exposure to the unique risk-return profile of precious metals companies, as well as potential diversification benefits due to their historically low correlation with broader equity and fixed income markets.