Amy Raskin, CIO, Chevy Chase Trust Franco-Nevada Corp FNV-N BUY Mar 14, 2025

A relatively conservative play on gold. He likes the royalty streaming assets that they do, as opposed to being in the ground and trying to dig it out where you have a lot more risk and volatility. He likes gold right now, based on global negative interest rates. Dividend yield of 1.36%.

(A Top Pick May 20/16. Up 13%.) Any time you are playing a particularly torquey name such as gold, copper, etc., a royalty name is always a better way to play it, as opposed to exploration. He would not be adding at this time.

(A Top Pick May 20/16. Up 8.33%.) A royalty play as opposed to exploration. There is a high level of recurring revenue stream.