Fund Portfolio – Mackenzie Precious Metals Class Series A | MFC1042 MFC1192 MFC7087 MFC2199 | Mackenzie Investments

Mackenzie Precious Metals Class Series A

Asset Class: Sector and Specialty

Major Holdings (%) Help Top holdings by percentage

As of October 31, 2017
Major holdings represent 44.6% of the fund.
View all holdings
Total # of
Equity Holdings
104
Holding name, country and sector Percentage of holding in fund
Detour Gold Corp
Canada | Gold
7.1%
Newmont Mining Corp
United States | Gold
5.5%
Randgold Resources Ltd
Jersey | Gold
5.5%
Agnico Eagle Mines Ltd
Canada | Gold
4.7%
Saracen Mineral Holdings Ltd
Australia | Gold
4.5%
B2Gold Corp
Canada | Gold
4.1%
First Quantum Minerals Ltd
Zambia | Copper
3.9%
Lundin Gold Inc
Canada | Gold
3.4%
Richmont Mines Inc
Canada | Gold
3.3%
Evolution Mining Ltd
Australia | Gold
2.8%

Complete Fund Holdings Help Full holdings list

As of August 31, 2017
Holding Name No. of Shares/Units Market Value CAD (000s) % of NAV
Acacia Mining PLC 1,516,000 4,956 1.6%
Agnico-Eagle Mines Ltd. 235,000 15,042 4.8%
Alturas Minerals Corp. 2,000,000 40 0.0%
Amarillo Gold Corp. 3,874,900 1,376 0.4%
AngloGold Ashanti Ltd. ADR 443,965 5,623 1.8%
Apogee Opportunities Inc. 90,769 15 0.0%
Arizona Mining Inc. 606,400 1,898 0.6%
Asanko Gold Inc. 1,794,294 2,763 0.9%
Aston Bay Holdings Ltd. 3,820,000 611 0.2%
Aston Bay Holdings Ltd. Private Placement 1,250,000 196 0.1%
Aston Bay Holdings Ltd. Purchase Warrants Exp. 01-13-2018 1,260,000 49 0.0%
ATAC Resources Ltd. 1,000,000 790 0.3%
Atna Resources Ltd. 1,201,800 0.0%
Aurion Resources Ltd. 2,472,610 6,800 2.2%
Avesoro Resources Inc. Purchase Warrants Exp. 10-22-2017 332,564 0.0%
B2Gold Corp. 3,230,000 11,079 3.6%
Barrick Gold Corp. 150,000 3,374 1.1%
Belo Sun Mining Corp. 2,620,000 1,729 0.6%
Candente Gold Corp. 1,050,000 34 0.0%
Capstone Mining Corp. 950,000 1,406 0.5%
Cordoba Minerals Corp. 775,000 535 0.2%
Coro Mining Corp. 9,620,000 1,251 0.4%
Dacian Gold Ltd. 300,000 664 0.2%
Detour Gold Corp. 1,470,000 25,696 7.8%
Eastmain Resources Inc. 2,000,000 700 0.2%
Eldorado Gold Corp. 706,657 1,816 0.6%
Evolution Mining Ltd. 600,000 1,441 0.5%
First Mining Finance Corp. Purchase Warrants Exp. 04-19-2018 3,406,069 664 0.2%
First Quantum Minerals Ltd. 765,000 11,513 3.7%
Franco-Nevada Corp. 62,811 6,417 2.1%
GB Minerals Ltd. 7,093,094 355 0.1%
GFG Resources Inc. 400,000 292 0.1%
Gold 100oz Futures December 2017 Call Option @ $1,100.00 (Exp. 11-27-2017) 300 8,334 2.7%
Gold Standard Ventures Corp. 1,000,000 2,250 0.7%
Golden Predator Mining Corp. 450,000 486 0.2%
GT Gold Corp. 1,929,680 4,245 1.4%
Handa Copper Corp. 620,000 43 0.0%
Handa Copper Corp. Purchase Warrants Exp. 03-19-2018 620,000 0.0%
Hochschild Mining PLC 1,960,000 8,987 2.9%
HudBay Minerals Inc. Purchase Warrants Exp. 07-20-2018 48,783 36 0.0%
IDM Mining Ltd. 4,100,000 574 0.2%
IDM Mining Ltd. Purchase Warrants Exp. 04-27-2018 2,635,000 42 0.0%
iShares S&P/TSX Global Gold Index Fund Call Option @ $8.00 Exp. 12-15-2017 2,000 1,024 0.3%
Jaguar Mining Inc. 6,800,000 1,802 0.6%
Kilo Goldmines Ltd. 4,283,220 161 0.1%
Kilo Goldmines Ltd. Purchase Warrants Exp. 05-02-2019 983,000 10 0.0%
Kilo Goldmines Ltd. Purchase Warrants Exp. 08-25-2018 1,960,000 14 0.0%
Kilo Goldmines Ltd. Purchase Warrants Exp. 12-24-2017 410,000 1 0.0%
Largo Resources Ltd. Purchase Warrants Exp. 10-06-2017 4,650,000 0.0%
Lion One Metals Ltd. 2,226,605 1,514 0.5%
Lion One Metals Ltd. Purchase Warrants Exp. 03-19-2018 2,226,605 43 0.0%
Lundin Gold Inc. 2,091,994 11,004 3.5%
Lydian International Ltd. 1,888,000 689 0.2%
Mag Silver Corp. 535,000 8,389 2.7%
MMG Ltd. 3,787,500 2,309 0.7%
Moneta Porcupine Mines Inc. 5,769,231 923 0.3%
Moneta Porcupine Mines Inc. Purchase Warrants Exp. 09-07-2018 1,050,000 7 0.0%
Mountain Province Diamonds Inc. 946,995 4,063 1.3%
Mukuba Resources Ltd. 16,399 1 0.0%
NewCastle Gold Ltd. 1,500,000 1,410 0.5%
Newmont Mining Corp. 375,000 17,959 5.8%
Northern Dynasty Minerals Ltd. 887,038 1,969 0.6%
Novo Resources Corp. Private Placement 940,000 3,950 1.3%
Novo Resources Corp. Warrants Exp. 04-27-2019 940,000 3,093 1.0%
OceanaGold Corp. 1,030,000 3,996 1.3%
Oklo Resources Ltd. 3,200,000 810 0.3%
Pan American Silver Corp. 66,154 1,540 0.5%
Panoro Minerals Ltd. 1,459,000 387 0.1%
Pretium Resources Inc. 520,000 5,387 1.7%
Randgold Resources Ltd. ADR 123,500 15,810 5.1%
Reunion Gold Corp. 6,748,491 911 0.3%
Richmont Mines Inc. 1,100,000 12,617 4.0%
Rochester Resources Ltd. 1,110,000 53 0.0%
Roxgold Inc. 3,700,011 4,773 1.5%
Royal Gold Inc. 52,000 6,059 1.9%
Royal Road Minerals Ltd. 6,300,000 473 0.2%
Royal Road Minerals Ltd. Purchase Warrants Exp. 02-17-2019 3,150,000 53 0.0%
RTG Mining Inc. 712,240 93 0.0%
Rubicon Minerals Corp. 2,460,000 3,911 1.3%
Samco Gold Ltd. 2,354,791 41 0.0%
Sandstorm Gold Ltd. Purchase Warrants Exp. 11-03-2020 140,000 375 0.1%
Saracen Mineral Holdings Ltd. 8,959,314 12,137 3.9%
Sarama Resources Ltd. 4,733,974 757 0.2%
Sarama Resources Ltd. Purchase Warrants Exp. 03-17-2019 350,000 11 0.0%
Sarama Resources Ltd. Purchase Warrants Exp. 06-30-2018 786,500 27 0.0%
Scorpio Gold Corp. 5,832,700 321 0.1%
Sebastiani Ventures Corp. 196,693 41 0.0%
Semafo Inc. 1,800,000 6,336 2.0%
SolGold PLC 1,381,590 809 0.3%
Tahoe Resources Inc. 200,000 1,192 0.4%
Torex Gold Resources Inc. 242,344 5,109 1.6%
Trevali Mining Corp. 12.50% 05-30-2019 2,856,000 3,354 1.1%
Trevali Mining Corp. Purchase Warrants Exp. 12-30-2020 466,805 493 0.2%
Trimetals Mining Inc. 3,100,000 651 0.2%
TriMetals Mining Inc. Private Placement 975,000 204 0.1%
TriMetals Mining Inc. Purchase Warrants Exp. 07-11-2019 1,550,000 43 0.0%
TriMetals Mining Inc. Purchase Warrants Exp. 12-08-2019 487,500 11 0.0%
Umicore SA* 20,000 1,866 0.6%
VanEck Vectors Gold Miners ETF Call Option @ $15.00 Exp. 12-15-2017 3,500 4,219 1.4%
Victoria Gold Corp. 2,100,000 1,155 0.4%
Wesdome Gold Mines Ltd. 4,300,000 10,320 3.3%
Westgold Resources Ltd. 2,029,870 3,626 1.2%
Zambezi Platinum RF Ltd. Pfd. 90,752 488 0.2%
Total Investments -- 304,916 97.8%
Cash & Equivalents -- 5,502 1.8%
Other Assets (Liabilities) -- 1,263 0.4%
Total Net Assets -- 311,681 100.0%

Asset Allocation (%) Help Holdings by region and sector

As of October 31, 2017
  • Regional Allocation
      Canada
    60.8%
      Australia
    10.4%
      United States
    6.7%
      Jersey
    6.1%
      Zambia
    3.9%
      Peru
    2.6%
      South Africa
    2.0%
      United Kingdom
    1.9%
      Belgium
    0.8%
      Other
    0.6%
      Cash & Equivalents 4.2%
  • Sector Allocation
      Gold 69.8%
      Silver 7.7%
      Precious Metals & Minerals 5.4%
      Diversified Metals & Mining 4.7%
      Cash & Equivalents 4.2%
      Copper 3.9%
      Other 2.7%
      Specialty Chemicals 1.3%
      Coal & Consumable Fuels 0.3%

Other Sector and Specialty Funds

Portfolio Managers

Benoit Gervais, MSc, CFA

Senior Vice President, Portfolio Manager, Head of Team

Mackenzie Resource Team

Investment experience since 2001

Onno Rutten, MSc, MBA

Vice President

Mackenzie Resource Team

Investment experience since 2003

Note: USD option is capped to new purchases.

Fund Risk Measures:
  • Annualized Standard Deviation: A measure of how widely returns varied over a period. A lower standard deviation means the returns of the fund have historically been less volatile and vice-versa. Standard deviation is a measure of historical risk; future risk may be different.
  • Annualized Standard Deviation Benchmark: A measure of how widely returns varied over a period. A lower standard deviation means the returns of the benchmark have historically been less volatile, and vice-versa.
  • Alpha: A measure of the difference between a portfolio's actual return and its expected return given its level of risk. Risk is measured by beta. A positive number indicates that it has performed better than beta would predict.
  • Beta: A measure of the tendency of the value of the fund and the value of the benchmark to move together. The market has a beta of 1. If beta of a fund is higher than 1, the movement in value compared to the benchmark tends to be amplified. A beta less than 1 means the movement in value tends to be dampened.
  • R2: A measure that represents the percentage of a fund's movements that can be attributed to movements of a benchmark index.
  • Sharpe Ratio: A measure of how much of a fund's excess return is achieved for a certain level of risk. The greater a fund's Sharpe Ratio, the higher the risk-adjusted returns.

Commissions, trailing commissions, management fees, brokerage fees and expenses may be associated with investment funds. Please read the prospectus before investing. The indicated rates of return are the historical annual compounded total returns including changes in unit value and reinvestment of all distributions and does not take into account sales, redemption, distribution, or optional charges or income taxes payable by any security holder that would have reduced returns. Investment funds are not guaranteed, their values change frequently and past performance may not be repeated.

For changes in the business, operations or affairs of an investment fund, and reorganization or acquisition of assets in an investment fund during the most recent 10 years that could have materially affected the performance of the investment fund, please refer to the "Major Changes During the Last 10 Years” section in the most recent Annual Information Form.

Mutual Fund US Dollar Settlement Option details.

Index performance does not include the impact of fees, commissions, and expenses that would be payable by investors in the investment products that seek to track an index.

The rate of return is used only to illustrate the effects of the compound growth rate and is not intended to reflect future values of the investment fund or asset allocation service or returns on investment in the investment fund or from the use of the asset allocation service.

* The S&P/TSX Global Gold Index is designed to provide an investable index of global gold securities. Eligible securities are classified under the Global Industry Classification Standard (GICS) and include producers of gold and related products, including companies that mine or process gold and the South African finance houses which primarily invest in, but do not operate, gold mines.

†The major holdings of the Fund may, but do not necessarily, represent the largest holdings of the Fund. Rather, the major holdings are selected for their overall significance in evaluating the investment portfolio. Please see mackenzieinvestments.com/currency to view the funds/products using currency derivatives to hedge exchange risk.