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, 2018
Major holdings represent 49% of the fund.
View all holdings
Total # of
Equity Holdings
84
Holding name, country and sector Percentage of holding in fund
Detour Gold Corp
Canada | Gold
6.9%
Agnico Eagle Mines Ltd
Canada | Gold
6.4%
Wesdome Gold Mines Ltd
Canada | Gold
5.5%
Saracen Mineral Holdings Ltd
Australia | Gold
5.2%
Newmont Mining Corp
United States | Gold
5.1%
Evolution Mining Ltd
Australia | Gold
5.0%
Randgold Resources Ltd
Jersey | Gold
4.2%
First Quantum Minerals Ltd
Zambia | Copper
3.7%
Pretium Resources Inc
Canada | Gold
3.6%
AngloGold Ashanti Ltd
South Africa | Gold
3.5%

Complete Fund Holdings Help Full holdings list

As of August 31, 2018
Holding Name No. of Shares/Units Market Value CAD (000s) % of NAV
Acacia Mining PLC 1,100,278 2,047 1.0%
Agnico-Eagle Mines Ltd. 295,000 13,269 6.3%
Alturas Minerals Corp. 2,000,000 20 0.0%
Amarillo Gold Corp. 3,874,900 930 0.4%
AngloGold Ashanti Ltd. ADR 615,000 6,349 3.0%
Asanko Gold Inc. 1,274,708 1,377 0.7%
Aston Bay Holdings Ltd. 5,070,000 659 0.3%
ATAC Resources Ltd. 1,000,000 510 0.2%
Atna Resources Ltd. 1,201,800 0.0%
Aurion Resources Ltd. 1,880,000 2,012 1.0%
B2Gold Corp. 2,870,000 8,782 4.2%
Candente Gold Corp. 1,050,000 34 0.0%
Copper Mountain Mining Corp. 845,000 955 0.5%
Cordoba Minerals Corp. 679,500 85 0.0%
Coro Mining Corp. 10,605,000 848 0.4%
Coro Mining Corp. Rights Exp. 09-20-18 10,605,000 212 0.1%
Dacian Gold Ltd. 300,000 656 0.3%
Detour Gold Corp. 1,520,000 16,203 8.2%
Eastmain Resources Inc. 2,000,000 410 0.2%
Evolution Mining Ltd. 3,850,000 9,572 4.5%
First Quantum Minerals Ltd. 610,000 9,986 4.7%
GFG Resources Inc. 400,000 92 0.0%
Gold 100oz Future Dec. 2018 Call Option @ $1,100 Exp. 11-27-2018 330 4,656 2.2%
Gold Standard Ventures Corp. 1,000,000 2,030 1.0%
Golden Predator Mining Corp. 450,000 165 0.1%
GT Gold Corp. 1,387,807 805 0.4%
Guyana Goldfields Inc. 460,000 1,697 0.8%
Handa Copper Corp. 620,000 43 0.0%
Handa Copper Corp. Purchase Warrants Exp. 03-19-2018 620,000 6 0.0%
Hochschild Mining PLC 1,600,000 4,668 2.2%
IAMGOLD Corp. 375,000 1,995 0.9%
IDM Mining Ltd. 4,100,000 308 0.1%
iShares S&P/TSX Global Gold Index Fund Call Option @ $8.00 Exp. 12-21-2018 1,900 373 0.2%
iShares S&P/TSX Global Gold Index Fund Call Option @ $8.00 Exp.09-21-2018 5,000 935 0.4%
Itafos 84,443 173 0.1%
Jaguar Mining Inc. 4,504,500 946 0.4%
Kilo Goldmines Ltd. 4,283,220 64 0.0%
Kilo Goldmines Ltd. Purchase Warrants Exp. 05-02-2019 983,000 1 0.0%
Kirkland Lake Gold Ltd. 175,000 4,268 2.0%
Lion One Metals Ltd. 1,843,392 940 0.4%
Lundin Gold Inc. 1,470,000 7,203 3.4%
Mag Silver Corp. 535,000 5,366 2.5%
MMG Ltd. 2,000,000 1,307 0.6%
Moneta Porcupine Mines Inc. 5,769,231 577 0.3%
Moneta Porcupine Mines Inc. Purchase Warrants Exp. 09-07-2018 1,050,000 0.0%
Mountain Province Diamonds Inc. 430,240 1,166 0.6%
Mukuba Resources Ltd. 9,878 3 0.0%
Neo Performance Materials Inc. 48,000 857 0.4%
Newmont Mining Corp. 339,000 13,730 6.5%
Northern Dynasty Minerals Ltd. 729,496 562 0.3%
Northern Empire Resources Corp. 620,000 831 0.4%
Northern Star Resources Ltd. 325,000 2,122 1.0%
Oklo Resources Ltd. 3,200,000 826 0.4%
Osisko Mining Inc. 560,000 1,159 0.5%
Pan American Silver Corp. 330,000 6,729 3.2%
Panoro Minerals Ltd. 1,459,000 365 0.2%
Pretium Resources Inc. 730,000 7,921 3.8%
Randgold Resources Ltd. ADR 88,000 7,499 3.6%
Red Pine Exploration Inc. 4,500,000 270 0.1%
Red Pine Exploration Inc. Private Placement 8,200,000 451 0.2%
Red Pine Exploration Inc. Purchase Warrants Exp. 04-06-2021 8,200,000 63 0.0%
Reunion Gold Corp. 8,593,162 1,160 0.5%
Reunion Gold Corp. Purchase Warrants Exp. 09-19-2020 1,417,735 39 0.0%
Rochester Resources Ltd. 1,110,000 31 0.0%
RosCan Minerals Corp. Restricted 3,250,000 211 0.1%
RosCan Minerals Corp. Warrants 3,250,000 0.0%
Roxgold Inc. 2,731,812 2,650 1.3%
Royal Road Minerals Ltd. 10,100,000 884 0.4%
Royal Road Minerals Ltd. Purchase Warrants Exp. 02-17-2019 3,150,000 18 0.0%
RTG Mining Inc. 712,240 75 0.0%
Rubicon Minerals Corp. 2,449,490 3,037 1.4%
Sabina Gold & Silver Corp. 1,274,719 1,746 0.8%
Samco Gold Ltd. 2,354,791 82 0.0%
Sandstorm Gold Ltd. Purchase Warrants Exp. 11-03-2020 140,000 196 0.1%
Saracen Mineral Holdings Ltd. 5,330,000 9,451 4.5%
Sarama Resources Ltd. 4,733,974 355 0.2%
Sarama Resources Ltd. Purchase Warrants Exp. 03-17-2019 350,000 0.0%
Sarama Resources Ltd. Purchase Warrants Exp. 06-30-2018 786,500 0.0%
Scorpio Gold Corp. 5,832,700 87 0.0%
Sebastiani Ventures Corp. 196,693 30 0.0%
Semafo Inc. 1,575,000 5,150 2.4%
SolGold PLC 1,381,590 501 0.2%
Titan Mining Corp. 370,000 503 0.2%
Trimetals Mining Inc. 4,075,000 326 0.2%
TriMetals Mining Inc. Purchase Warrants Exp. 07-11-2019 1,550,000 2 0.0%
TriMetals Mining Inc. Purchase Warrants Exp. 12-08-2019 487,500 2 0.0%
Umicore SA* 40,000 2,911 1.4%
VanEck Vectors Gold Miners ETF Call Option @ $15.00 Exp.09-21-2018 3,300 1,583 0.7%
Wesdome Gold Mines Ltd. 3,319,560 10,888 5.2%
Westgold Resources Ltd. 2,019,958 2,625 1.2%
Westgold Resources Ltd. Bonus Option Exp. 06-30-2019 405,974 29 0.0%
Zambezi Platinum RF Ltd. Pfd. 90,752 495 0.2%
Total Investments -- 203,155 96.2%
Cash & Equivalents -- 8,096 3.8%
Other Assets (Liabilities) -- -79 0.0%
Total Net Assets -- 211,172 100.0%

Asset Allocation (%) Help Holdings by region and sector

As of October 31, 2018
  • Regional Allocation
      Canada
    58.8%
      Australia
    14.5%
      United States
    5.6%
      South Africa
    4.8%
      Jersey
    4.6%
      Zambia
    3.7%
      Peru
    2.0%
      United Kingdom
    1.4%
      Belgium
    1.2%
      Other
    0.5%
      Cash & Equivalents 2.9%
  • Sector Allocation
      Gold 75.5%
      Other 9.9%
      Silver 7.3%
      Copper 4.4%
      Cash & Equivalents 2.9%

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.