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 June 30, 2019
Major holdings represent 56.4% of the fund.
View all holdings
Total # of
Equity Holdings
83
Holding name, country and sector Percentage of holding in fund
Detour Gold Corp
Canada | Gold
8.5%
Barrick Gold Corp
Canada | Gold
8.3%
Agnico Eagle Mines Ltd
Canada | Gold
7.6%
Gold Fields Ltd
South Africa | Gold
5.5%
Evolution Mining Ltd
Australia | Gold
5.4%
Kirkland Lake Gold Ltd
Canada | Gold
4.8%
AngloGold Ashanti Ltd
South Africa | Gold
4.4%
Wesdome Gold Mines Ltd
Canada | Gold
4.3%
Saracen Mineral Holdings Ltd
Australia | Gold
4.0%
Lundin Gold Inc
Canada | Gold
3.6%

Complete Fund Holdings Help Full holdings list

As of April 30, 2019
Holding Name No. of Shares/Units Market Value CAD (000s) % of NAV
Acacia Mining PLC 245,000 626 0.3%
Agnico-Eagle Mines Ltd. 295,000 16,367 7.6%
Alturas Minerals Corp. 2,000,000 10 0.0%
Amarillo Gold Corp. 3,874,900 891 0.4%
AngloGold Ashanti Ltd. ADR 490,000 7,746 3.5%
Asanko Gold Inc. 1,274,708 1,109 0.5%
Ascot Resources Ltd. 132,637 99 0.0%
Aston Bay Holdings Ltd. 4,440,000 222 0.1%
ATAC Resources Ltd. 1,000,000 215 0.1%
Atna Resources Ltd. 1,201,800 0.0%
Aurion Resources Ltd. 1,587,457 1,556 0.7%
B2Gold Corp. 1,255,000 4,568 2.1%
Barrick Gold Corp. 420,000 7,153 3.2%
Barrick Gold Corp. (US Shares) 624,000 10,634 4.8%
Bellevue Gold Ltd. 1,000,000 491 0.2%
Candente Gold Corp. 1,050,000 24 0.0%
Copper Mountain Mining Corp. 1,400,000 1,470 0.7%
Coro Mining Corp. 19,694,740 2,068 0.9%
Dacian Gold Ltd. 975,000 1,815 0.8%
Detour Gold Corp. 1,380,000 16,422 7.4%
Dundee Precious Metals Inc. 870,000 3,663 1.7%
Eastmain Resources Inc. 2,000,000 230 0.1%
Evolution Mining Ltd. 3,500,000 10,550 4.8%
First Quantum Minerals Ltd. 560,000 7,924 3.6%
GFG Resources Inc. 400,000 106 0.0%
Gold 100 oz Futures Aug. 2019 Call Option @ $1100.00 Exp. 08-28-2019 330 8,475 3.8%
Gold Fields Ltd. ADR 1,800,000 9,043 4.1%
Gold Road Resources Ltd. 1,550,000 1,369 0.6%
Gold Standard Ventures Corp. 1,000,000 1,410 0.6%
Golden Predator Mining Corp. 450,000 90 0.0%
GT Gold Corp. 844,609 726 0.3%
Guyana Goldfields Inc. 1,681,395 1,564 0.7%
Handa Mining Corp. 620,000 23 0.0%
Handa Mining Corp. Purchase Warrants Exp. 03-19-2020 620,000 0.0%
Hochschild Mining PLC 1,600,000 5,201 2.3%
IAMGOLD Corp. 450,000 1,814 0.8%
iShares S&P/TSX Global Gold Index Fund Call Option @ $8.00 Exp.06-21-2019 9,400 3,201 1.4%
Itafos 74,148 55 0.0%
Jaguar Mining Inc. 4,504,500 518 0.2%
K92 Mining Inc. 1,100,000 1,562 0.7%
Kilo Goldmines Ltd. 4,283,220 43 0.0%
Kilo Goldmines Ltd. Purchase Warrants Exp. 05-02-2019 983,000 0.0%
Kirkland Lake Gold Ltd. 220,000 9,528 4.3%
Lion One Metals Ltd. 1,756,307 1,247 0.6%
Lundin Gold Inc. 1,470,000 7,718 3.5%
Mag Silver Corp. 485,000 6,383 2.9%
Moneta Porcupine Mines Inc. 5,769,231 577 0.3%
Mountain Province Diamonds Inc. 430,240 602 0.3%
Mukuba Resources Ltd. 9,878 1 0.0%
Newmont Mining Corp. 160,500 6,679 3.0%
North American Palladium Ltd. 116,500 1,485 0.7%
Northern Dynasty Minerals Ltd. 729,496 562 0.3%
Northern Star Resources Ltd. 700,000 5,417 2.4%
Oklo Resources Ltd. 3,200,000 605 0.3%
Osisko Mining Inc. 560,000 1,557 0.7%
Pan American Silver Corp. 330,000 5,630 2.5%
Panoro Minerals Ltd. 1,459,000 277 0.1%
Pretium Resources Inc. 100,000 1,017 0.5%
Red Pine Exploration Inc. 12,700,000 508 0.2%
Red Pine Exploration Inc. Purchase Warrants Exp. 04-06-2021 8,200,000 54 0.0%
Reunion Gold Corp. 8,593,162 1,633 0.7%
Reunion Gold Corp. Purchase Warrants Exp. 09-19-2020 1,417,735 36 0.0%
Rochester Resources Ltd. 1,110,000 44 0.0%
Roscan Gold Corp. 3,250,000 520 0.2%
RosCan Minerals Corp. Purchase Warrants Exp. 07-12-2020 3,250,000 130 0.1%
Roxgold Inc. 2,731,812 2,377 1.1%
Royal Road Minerals Ltd. 10,100,000 1,768 0.8%
RTG Mining Inc. 712,240 68 0.0%
Rubicon Minerals Corp. 2,448,925 2,278 1.0%
Sabina Gold & Silver Corp. 1,720,000 1,806 0.8%
Samco Gold Ltd. 2,354,791 112 0.1%
Sandstorm Gold Ltd. Purchase Warrants Exp. 11-03-2020 140,000 330 0.1%
Saracen Mineral Holdings Ltd. 3,100,000 8,172 3.7%
Sarama Resources Ltd. 4,733,974 379 0.2%
Scorpio Gold Corp. 1,701,350 196 0.1%
Sebastiani Ventures Corp. 196,693 39 0.0%
SolGold PLC 1,381,590 905 0.4%
Titan Mining Corp. 290,000 160 0.1%
Trimetals Mining Inc. 4,075,000 163 0.1%
TriMetals Mining Inc. Purchase Warrants Exp. 07-11-2019 1,550,000 0.0%
TriMetals Mining Inc. Purchase Warrants Exp. 12-08-2019 487,500 1 0.0%
Umicore SA* 40,000 2,074 0.9%
Wesdome Gold Mines Ltd. 2,840,000 12,013 5.4%
Westgold Resources Ltd. 2,019,958 2,834 1.3%
Westgold Resources Ltd. Bonus Option Exp. 06-30-2019 405,974 2 0.0%
Zambezi Platinum RF Ltd. Pfd. 90,752 622 0.3%
Total Investments -- 219,562 99.0%
Cash & Equivalents -- 1,971 0.9%
Other Assets (Liabilities) -- 239 0.1%
Total Net Assets -- 221,772 100.0%

Asset Allocation (%) Help Holdings by region and sector

As of May 31, 2019
  • Regional Allocation
      Canada
    60.5%
      Australia
    16.0%
      South Africa
    9.8%
      United States
    2.5%
      Zambia
    2.4%
      Peru
    1.9%
      Jersey
    0.8%
      Belgium
    0.7%
      United Kingdom
    0.3%
      Cash & Equivalents 5.1%
  • Sector Allocation
      Gold 75.3%
      Silver 6.8%
      Cash & Equivalents 5.1%
      Diversified Metals & Mining 4.6%
      Copper 2.9%
      Precious Metals & Minerals 2.3%
      Other 2.2%
      Specialty Chemicals 0.7%
      Oil & Gas Exploration & Prod. 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.