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 August 31, 2017
Major holdings represent 45.9% of the fund.
View all holdings
Total # of
Equity Holdings
101
Total # of
Fixed Income Holdings
1
Holding name, country and sector Percentage of holding in fund
Detour Gold Corp
Canada | Gold
8.2%
Newmont Mining Corp
United States | Gold
5.8%
Randgold Resources Ltd
Jersey | Gold
5.1%
Agnico Eagle Mines Ltd
Canada | Gold
4.8%
Richmont Mines Inc
Canada | Gold
4.1%
Saracen Mineral Holdings Ltd
Australia | Gold
3.9%
First Quantum Minerals Ltd
Canada | Copper
3.7%
B2Gold Corp
Canada | Gold
3.6%
Lundin Gold Inc
Canada | Gold
3.5%
Wesdome Gold Mines Ltd
Canada | Gold
3.3%

Complete Fund Holdings Help Full holdings list

As of June 30, 2017
Holding Name No. of Shares/Units Market Value CAD (000s) % of NAV
Acacia Mining PLC 1,516,000 7,624 2.6%
Agnico-Eagle Mines Ltd. 235,000 13,743 4.7%
Alturas Minerals Corp. 2,000,000 30 0.0%
Amarillo Gold Corp. 3,874,900 1,317 0.5%
AngloGold Ashanti Ltd. ADR 443,965 5,595 1.9%
Apogee Opportunities Inc. 90,769 15 0.0%
Arizona Mining Inc. 606,400 1,728 0.6%
Asanko Gold Inc. 1,450,050 2,886 1.0%
Aston Bay Holdings Ltd. 3,820,000 544 0.2%
Aston Bay Holdings Ltd. Purchase Warrants Exp. 01-13-2018 1,260,000 43 0.0%
ATAC Resources Ltd. 1,000,000 600 0.2%
Atna Resources Ltd. 1,201,800 0.0%
Aurion Resources Ltd. 2,832,736 5,354 1.8%
Avesoro Resources Inc. Purchase Warrants Exp. 10-22-2017 332,564 0.0%
B2Gold Corp. 2,650,000 9,673 3.3%
Barrick Gold Corp. 350,000 7,221 2.5%
Belo Sun Mining Corp. 2,620,000 1,572 0.5%
Candente Gold Corp. 1,050,000 37 0.0%
Capstone Mining Corp. 1,311,400 1,233 0.4%
Cordoba Minerals Corp. 775,000 581 0.2%
Coro Mining Corp. 7,620,000 838 0.3%
Coro Mining Corp. Private Placement 2,000,000 220 0.1%
Dacian Gold Ltd. 152,543 301 0.1%
Detour Gold Corp. 1,470,000 22,315 8.3%
East Asia Minerals Corp. 110,880 39 0.0%
Eastmain Resources Inc. 2,000,000 660 0.2%
First Mining Finance Corp. Purchase Warrants Exp. 04-19-2018 3,406,069 528 0.2%
First Quantum Minerals Ltd. 765,000 8,392 2.9%
Franco-Nevada Corp. 62,811 5,877 2.0%
GB Minerals Ltd. 7,093,094 372 0.1%
GFG Resources Inc. 400,000 280 0.1%
Gold 100oz Futures December 2017 Call Option @ $1,100.00 (Exp. 11-27-2017) 300 5,920 2.0%
Gold Standard Ventures Corp. 1,000,000 2,220 0.8%
Golden Predator Mining Corp. 450,000 563 0.2%
GT Gold Corp. Private Placement 1,950,000 694 0.2%
Handa Copper Corp. 620,000 53 0.0%
Handa Copper Corp. Purchase Warrants Exp. 03-19-2018 620,000 28 0.0%
Hochschild Mining PLC 2,100,000 9,720 3.4%
HudBay Minerals Inc. Purchase Warrants Exp. 07-20-2018 48,783 12 0.0%
IDM Mining Ltd. 4,100,000 554 0.2%
IDM Mining Ltd. Purchase Warrants Exp. 04-27-2018 2,635,000 46 0.0%
Integra Gold Corp. 3,907,000 3,673 1.3%
iShares S&P/TSX Global Gold Index Fund Call Option @ $8.00 Exp. 12-15-2017 2,000 842 0.3%
Jaguar Mining Inc. 6,800,000 2,686 0.9%
Kilo Goldmines Ltd. 4,283,220 150 0.1%
Kilo Goldmines Ltd. Purchase Warrants Exp. 05-02-2019 983,000 11 0.0%
Kilo Goldmines Ltd. Purchase Warrants Exp. 08-25-2018 1,960,000 19 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 1,314 0.5%
Lion One Metals Ltd. Purchase Warrants Exp. 03-19-2018 2,226,605 33 0.0%
Lundin Gold Inc. 2,230,000 12,265 4.2%
Lydian International Ltd. 1,888,000 680 0.2%
Mag Silver Corp. 535,000 9,058 3.1%
MMG Ltd. 3,787,500 1,812 0.6%
Moneta Porcupine Mines Inc. 5,769,231 952 0.3%
Moneta Porcupine Mines Inc. Purchase Warrants Exp. 09-07-2018 1,050,000 9 0.0%
Mountain Province Diamonds Inc. 1,269,232 4,925 1.7%
Mukuba Resources Ltd. 16,399 2 0.0%
NewCastle Gold Ltd. 1,500,000 1,350 0.5%
Newmont Mining Corp. 375,000 15,748 5.4%
Northern Dynasty Minerals Ltd. 887,038 1,606 0.6%
Novo Resources Corp. Private Placement 940,000 747 0.3%
Novo Resources Corp. Warrants Exp. 04-27-2019 940,000 66 0.0%
OceanaGold Corp. 1,030,000 4,027 1.4%
Pan American Silver Corp. 66,154 1,443 0.5%
Panoro Minerals Ltd. 1,459,000 241 0.1%
Pretium Resources Inc. 700,000 8,722 3.0%
Randgold Resources Ltd. ADR 123,500 14,165 4.9%
Reunion Gold Corp. 6,748,491 945 0.3%
Richmont Mines Inc. 1,100,000 11,110 3.8%
Rochester Resources Ltd. 1,110,000 58 0.0%
Roxgold Inc. 3,700,011 4,144 1.4%
Royal Gold Inc. 15,000 1,520 0.5%
Royal Road Minerals Ltd. 6,300,000 425 0.1%
Royal Road Minerals Ltd. Purchase Warrants Exp. 02-17-2019 3,150,000 37 0.0%
RTG Mining Inc. 712,240 103 0.0%
Rubicon Minerals Corp. 2,460,000 3,911 1.3%
Samco Gold Ltd. 2,354,791 65 0.0%
Sandstorm Gold Ltd. Purchase Warrants Exp. 11-03-2020 140,000 410 0.1%
Saracen Mineral Holdings Ltd. 9,375,007 10,932 3.8%
Sarama Resources Ltd. 4,733,974 663 0.2%
Sarama Resources Ltd. Purchase Warrants Exp. 03-17-2019 350,000 8 0.0%
Sarama Resources Ltd. Purchase Warrants Exp. 06-30-2018 786,500 26 0.0%
Scorpio Gold Corp. 5,832,700 350 0.1%
Sebastiani Ventures Corp. 196,693 41 0.0%
Semafo Inc. 2,100,000 6,279 2.2%
SolGold PLC 1,381,590 915 0.3%
Torex Gold Resources Inc. 242,344 5,993 2.1%
Trevali Mining Corp. 12.50% 05-30-2019 3,789,000 4,319 1.5%
Trevali Mining Corp. Purchase Warrants Exp. 12-30-2020 466,805 419 0.1%
Trimetals Mining Inc. 3,100,000 682 0.2%
TriMetals Mining Inc. Private Placement 975,000 209 0.1%
TriMetals Mining Inc. Purchase Warrants Exp. 07-11-2019 1,550,000 51 0.0%
TriMetals Mining Inc. Purchase Warrants Exp. 12-08-2019 487,500 10 0.0%
Umicore SA* 20,000 1,803 0.6%
VanEck Vectors Gold Miners ETF Call Option @ $15.00 Exp. 12-15-2017 3,500 3,279 1.1%
Victoria Gold Corp. 2,100,000 1,218 0.4%
Wesdome Gold Mines Ltd. 4,300,000 13,115 4.5%
Westgold Resources Ltd. 2,029,870 3,722 1.3%
Zambezi Platinum RF Ltd. Pfd. 90,752 493 0.2%
Total Investments -- 283,230 97.6%
Cash & Equivalents -- 7,296 2.5%
Other Assets (Liabilities) -- -381 -0.1%
Total Net Assets -- 290,145 100.0%

Asset Allocation (%) Help Holdings by region and sector

As of August 31, 2017
  • Regional Allocation
      Canada
    65.0%
      United States
    9.4%
      Australia
    7.3%
      Jersey
    5.4%
      Peru
    2.9%
      South Africa
    2.0%
      United Kingdom
    1.9%
      China
    0.7%
      Belgium
    0.6%
      Cash & Equivalents 4.8%
  • Sector Allocation
      Gold 69.4%
      Other 10.7%
      Precious Metals & Minerals 7.9%
      Silver 6.1%
      Cash & Equivalents 4.8%
      Fixed Income 1.1%

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.