FKRCX focuses on investments in global gold and precious metal companies, including miners and dealers. The fund targets entities with valuable reserves, robust management, and growth potential, regardless of market cap. It predominantly backs non-U.S. firms, often Canadian, and may include those with associated non-precious metal operations. The non-diversified nature allows concentrated bets in fewer issuers, including small to mid-cap firms, in a sector sensitive to macroeconomic and currency risks.