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 April 30, 2018
Major holdings represent 46.7% of the fund.
View all holdings
Total # of
Equity Holdings
93
Holding name, country and sector Percentage of holding in fund
Newmont Mining Corp
United States | Gold
6.7%
Detour Gold Corp
Canada | Gold
5.5%
Agnico Eagle Mines Ltd
Canada | Gold
5.0%
Saracen Mineral Holdings Ltd
Australia | Gold
4.8%
Evolution Mining Ltd
Australia | Gold
4.7%
B2Gold Corp
Canada | Gold
4.7%
First Quantum Minerals Ltd
Zambia | Copper
4.4%
Goldcorp Inc
Canada | Gold
4.0%
Randgold Resources Ltd
Jersey | Gold
3.7%
Wesdome Gold Mines Ltd
Canada | Gold
3.3%

Complete Fund Holdings Help Full holdings list

As of February 28, 2018
Holding Name No. of Shares/Units Market Value CAD (000s) % of NAV
Acacia Mining PLC 1,100,278 2,702 1.0%
Agnico-Eagle Mines Ltd. 235,000 11,489 4.4%
Alturas Minerals Corp. 2,000,000 80 0.0%
Amarillo Gold Corp. 3,874,900 1,046 0.4%
AngloGold Ashanti Ltd. ADR 750,000 8,990 3.5%
Arizona Mining Inc. 606,400 2,462 0.9%
Asanko Gold Inc. 1,442,517 1,457 0.6%
Aston Bay Holdings Ltd. 5,070,000 634 0.2%
ATAC Resources Ltd. 1,000,000 530 0.2%
Atna Resources Ltd. 1,201,800 0.0%
Aurion Resources Ltd. 1,880,000 1,748 0.7%
B2Gold Corp. 3,220,000 12,268 4.7%
Barrick Gold Corp. 155,000 2,291 0.9%
Belo Sun Mining Corp. 2,366,000 804 0.3%
Candente Gold Corp. 1,050,000 26 0.0%
Cordoba Minerals Corp. 775,000 186 0.1%
Coro Mining Corp. 10,605,000 1,167 0.4%
Dacian Gold Ltd. 300,000 779 0.3%
Detour Gold Corp. 1,520,000 17,784 7.5%
Eastmain Resources Inc. 2,000,000 480 0.2%
Evolution Mining Ltd. 3,850,000 10,925 4.2%
First Mining Finance Corp. Purchase Warrants Exp. 04-19-2018 3,406,069 304 0.1%
First Quantum Minerals Ltd. 610,000 12,755 4.9%
GB Minerals Ltd. 7,093,094 603 0.2%
GFG Resources Inc. 400,000 168 0.1%
Gold 100oz Futures June 2018 (Dummy for Option) Call Option @ $1,100.00 Exp. 05-24-2018 330 9,473 3.6%
Gold Standard Ventures Corp. 1,000,000 2,100 0.8%
Goldcorp Inc. 565,000 9,074 3.5%
Golden Predator Mining Corp. 450,000 311 0.1%
GT Gold Corp. 1,387,807 763 0.3%
Handa Copper Corp. 620,000 47 0.0%
Handa Copper Corp. Purchase Warrants Exp. 03-19-2018 620,000 2 0.0%
Hochschild Mining PLC 1,960,000 7,061 2.7%
HudBay Minerals Inc. Purchase Warrants Exp. 07-20-2018 48,783 7 0.0%
IAMGOLD Corp. 150,000 1,013 0.4%
IDM Mining Ltd. 4,100,000 369 0.1%
IDM Mining Ltd. Purchase Warrants Exp. 04-27-2018 2,635,000 1 0.0%
iShares S&P/TSX Global Gold Index Fund Call Option @ $8.00 Exp. 06/15/2018 1,900 620 0.2%
Jaguar Mining Inc. 6,800,000 2,652 1.0%
Kilo Goldmines Ltd. 4,283,220 236 0.1%
Kilo Goldmines Ltd. Purchase Warrants Exp. 05-02-2019 983,000 9 0.0%
Kilo Goldmines Ltd. Purchase Warrants Exp. 08-25-2018 1,960,000 18 0.0%
Lion One Metals Ltd. 1,989,892 1,154 0.4%
Lion One Metals Ltd. Purchase Warrants Exp. 03-19-2018 2,226,605 0.0%
Lundin Gold Inc. 1,470,000 7,424 2.9%
Lydian International Ltd. 1,888,000 878 0.3%
Mag Silver Corp. 535,000 7,180 2.8%
MMG Ltd. 3,000,000 2,657 1.0%
Moneta Porcupine Mines Inc. 5,769,231 865 0.3%
Moneta Porcupine Mines Inc. Purchase Warrants Exp. 09-07-2018 1,050,000 0.0%
Mountain Province Diamonds Inc. 660,000 2,231 0.9%
Mukuba Resources Ltd. 16,399 4 0.0%
Neo Performance Materials Inc. 48,000 744 0.3%
Newmont Mining Corp. 339,000 16,619 6.4%
Northern Dynasty Minerals Ltd. 729,496 978 0.4%
Northern Empire Resources Corp. 620,000 794 0.3%
Novo Resources Corp. Purchase Warrants Exp. 05-04-2019 940,000 3,398 1.3%
Oklo Resources Ltd. 3,200,000 1,264 0.5%
Pan American Silver Corp. 270,000 5,243 2.0%
Panoro Minerals Ltd. 1,459,000 518 0.2%
Pretium Resources Inc. 520,000 4,269 1.6%
Randgold Resources Ltd. ADR 90,000 9,358 3.6%
Red Pine Exploration Inc. 4,500,000 326 0.1%
Reunion Gold Corp. 8,706,862 1,175 0.5%
Reunion Gold Corp. Purchase Warrants Exp. 09-19-2020 1,417,735 40 0.0%
Rochester Resources Ltd. 1,110,000 83 0.0%
Roxgold Inc. 3,181,812 3,595 1.4%
Royal Road Minerals Ltd. 10,100,000 1,465 0.6%
Royal Road Minerals Ltd. Purchase Warrants Exp. 02-17-2019 3,150,000 101 0.0%
RTG Mining Inc. 712,240 128 0.0%
Rubicon Minerals Corp. 2,460,000 3,075 1.2%
Sabina Gold & Silver Corp. 1,200,000 2,100 0.8%
Samco Gold Ltd. 2,354,791 147 0.1%
Sandstorm Gold Ltd. Purchase Warrants Exp. 11-03-2020 140,000 325 0.1%
Saracen Mineral Holdings Ltd. 8,260,000 13,262 5.1%
Sarama Resources Ltd. 4,733,974 521 0.2%
Sarama Resources Ltd. Purchase Warrants Exp. 03-17-2019 350,000 2 0.0%
Sarama Resources Ltd. Purchase Warrants Exp. 06-30-2018 786,500 3 0.0%
Scorpio Gold Corp. 5,832,700 175 0.1%
Sebastiani Ventures Corp. 196,693 40 0.0%
Semafo Inc. 1,800,000 6,156 2.4%
SolGold PLC 1,381,590 554 0.2%
Titan Mining Corp. 542,656 787 0.3%
Torex Gold Resources Inc. 242,344 2,423 0.9%
Trevali Mining Corp. Purchase Warrants Exp. 12-30-2020 466,805 528 0.2%
Trimetals Mining Inc. 4,075,000 632 0.2%
TriMetals Mining Inc. Purchase Warrants Exp. 07-11-2019 1,550,000 15 0.0%
TriMetals Mining Inc. Purchase Warrants Exp. 12-08-2019 487,500 7 0.0%
Umicore SA* 40,000 2,900 1.1%
VanEck Vectors Gold Miners ETF Call Option @ $15.00 Exp. 06/15/2018 3,300 2,753 1.1%
Victoria Gold Corp. 2,100,000 851 0.3%
Wesdome Gold Mines Ltd. 4,400,000 8,228 3.2%
Westgold Resources Ltd. 2,019,958 3,204 1.2%
Westgold Resources Ltd. Bonus Option Exp. 06-30-2019 405,974 89 0.0%
Yamana Gold Inc. 1,200,000 4,476 1.7%
Zambezi Platinum RF Ltd. Pfd. 90,752 590 0.2%
Total Investments -- 251,768 97.0%
Cash & Equivalents -- 7,285 2.8%
Other Assets (Liabilities) -- 570 0.2%
Total Net Assets -- 259,623 100.0%

Asset Allocation (%) Help Holdings by region and sector

As of April 30, 2018
  • Regional Allocation
      Canada
    55.3%
      Australia
    11.7%
      United States
    8.9%
      Jersey
    4.5%
      Zambia
    4.4%
      South Africa
    3.0%
      Peru
    2.3%
      Other
    1.2%
      China
    1.1%
      United Kingdom
    1.1%
      Cash & Equivalents 6.5%
  • Sector Allocation
      Gold 68.7%
      Silver 8.5%
      Cash & Equivalents 6.5%
      Diversified Metals & Mining 5.6%
      Copper 4.4%
      Other 2.9%
      Specialty Chemicals 1.4%
      Precious Metals & Minerals 1.4%
      Coal & Consumable Fuels 0.5%
      Fertilizers/Agricult. Chem. 0.1%

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.