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, 2017
Major holdings represent 46.9% of the fund.
View all holdings
Total # of
Equity Holdings
93
Total # of
Fixed Income Holdings
1
Holding name, country and sector Percentage of holding in fund
Detour Gold Corp
Canada | Gold
8.5%
Newmont Mining Corp
United States | Gold
5.5%
Agnico Eagle Mines Ltd
Canada | Gold
4.9%
Randgold Resources Ltd
Jersey | Gold
4.7%
Wesdome Gold Mines Ltd
Canada | Gold
4.6%
Lundin Gold Inc
Canada | Gold
4.2%
Barrick Gold Corp
Canada | Gold
3.9%
Pretium Resources Inc
Canada | Gold
3.7%
Richmont Mines Inc
Canada | Gold
3.6%
Acacia Mining PLC
United Kingdom | Gold
3.4%

Complete Fund Holdings Help Full holdings list

As of February 28, 2017
Holding Name No. of Shares/Units Market Value CAD (000s) % of NAV
Acacia Mining PLC 1,516,000 13,385 4.0%
Agnico-Eagle Mines Ltd. 253,000 14,130 4.2%
Alturas Minerals Corp. 2,000,000 55 0.0%
Amarillo Gold Corp. 1,369,900 527 0.2%
Amarillo Gold Corp. Private Placement 2,350,000 905 0.3%
AngloGold Ashanti Ltd. ADR 628,000 9,193 2.8%
Apogee Opportunities Inc. 90,769 12 0.0%
Arizona Mining Inc. 606,400 1,698 0.5%
Asanko Gold Inc. 1,450,050 5,148 1.5%
Aston Bay Holdings Ltd. 3,820,000 649 0.2%
Aston Bay Holdings Ltd. Purchase Warrants Exp. 01-13-2018 1,260,000 73 0.0%
Atna Resources Ltd. 1,201,800 0.0%
Aurion Resources Ltd. 2,876,630 4,919 1.5%
Avesoro Resources Inc. Purchase Warrants Exp. 10-22-2017 332,564 0.0%
B2Gold Corp. 1,725,000 7,038 2.1%
Barrick Gold Corp. 690,000 16,912 5.1%
Belo Sun Mining Corp. 3,370,000 3,235 1.0%
Candente Gold Corp. 1,050,000 53 0.0%
Capstone Mining Corp. 1,311,400 2,072 0.6%
Cordoba Minerals Corp. 775,000 969 0.3%
Coro Mining Corp. 7,000,000 1,190 0.4%
Coro Mining Corp. Private Placement 620,000 105 0.0%
Detour Gold Corp. 1,760,000 29,146 8.6%
East Asia Minerals Corp. 1,693,800 25 0.0%
Eastmain Resources Inc. 2,000,000 960 0.3%
First Quantum Minerals Ltd. 765,000 10,572 3.2%
Fortuna Silver Mines Inc. 700,000 5,271 1.6%
Franco-Nevada Corp. Purchase Warrants Exp. 06-16-2017 75,000 941 0.3%
GB Minerals Ltd. 7,093,094 532 0.2%
GFG Resources Inc. Private Placement 400,000 441 0.1%
Gold 100oz Fut June 2017 Call Option @ $1100 (Exp. 05-25-2017) 325 6,843 2.0%
Gold Standard Ventures Corp. 936,820 3,232 1.0%
Golden Predator Mining Corp. 450,000 671 0.2%
Great Basin Gold Ltd. 5,107,823 0.0%
Great Basin Gold Ltd. 8.00% 11-30-2014 Conv. 4,790,119 0.0%
Handa Copper Corp. 620,000 37 0.0%
Handa Copper Corp. Purchase Warrants Exp. 03-19-2018 620,000 0.0%
Hochschild Mining PLC 2,100,000 9,209 2.8%
HudBay Minerals Inc. Purchase Warrants Exp. 07-20-2018 48,783 42 0.0%
IDM Mining Ltd. 5,270,000 843 0.3%
IDM Mining Ltd. Purchase Warrants Exp. 04-27-2018 2,635,000 74 0.0%
Integra Gold Corp. 7,907,000 6,009 1.8%
iShares S&P/TSX Global Gold Index Fund Call Option @ $8.00 (Exp. 03-17-2017) 4,000 2,004 0.6%
Jaguar Mining Inc. 6,800,000 4,284 1.3%
Kilo Goldmines Ltd. 4,283,220 364 0.1%
Kilo Goldmines Ltd. Purchase Warrants Exp. 05-02-2019 983,000 37 0.0%
Kilo Goldmines Ltd. Purchase Warrants Exp. 08-25-2018 1,960,000 66 0.0%
Kilo Goldmines Ltd. Purchase Warrants Exp. 12-24-2017 410,000 15 0.0%
Landdrill International Inc. 4,200,000 0.0%
Largo Resources Ltd. Purchase Warrants Exp. 10-06-2017 4,650,000 1 0.0%
Lion One Metals Ltd. 2,226,605 1,959 0.6%
Lion One Metals Ltd. Purchase Warrants Exp. 03-19-2018 2,226,605 212 0.1%
Lundin Gold Inc. 2,230,000 12,176 3.6%
Lydian International Ltd. 1,888,000 727 0.2%
Mag Silver Corp. 450,000 8,595 2.6%
MMG Ltd. 3,787,500 1,983 0.6%
Moneta Porcupine Mines Inc. 5,769,231 1,356 0.4%
Moneta Porcupine Mines Inc. Purchase Warrants Exp. 09-07-2018 1,050,000 27 0.0%
Mountain Province Diamonds Inc. 1,684,845 8,711 2.6%
Mukuba Resources Ltd. 16,399 2 0.0%
NewCastle Gold Ltd. 1,500,000 1,065 0.3%
Newmont Mining Corp. 375,000 17,056 5.1%
Northern Dynasty Minerals Ltd. 1,127,038 2,265 0.7%
OceanaGold Corp. 1,545,000 5,825 1.7%
Pan American Silver Corp. 47,725 1,133 0.3%
Panoro Minerals Ltd. 1,459,000 263 0.1%
Pretium Resources Inc. 860,000 11,584 3.5%
Randgold Resources Ltd. ADR 123,500 15,045 4.5%
Reunion Gold Corp. 6,748,491 1,012 0.3%
Richmont Mines Inc. 950,000 9,842 2.9%
Rochester Resources Ltd. 1,110,000 50 0.0%
Roxgold Inc. 4,108,618 5,382 1.6%
Royal Road Ltd. Purchase Warrants Exp. 02-17-2019 3,150,000 34 0.0%
Royal Road Minerals Ltd. Private Placement 6,300,000 567 0.2%
RTG Mining Inc. 712,240 185 0.1%
Rubicon Minerals Corp. 2,460,000 4,920 1.5%
Samco Gold Ltd. 2,354,791 100 0.0%
Sandstorm Gold Ltd. Purchase Warrants Exp. 11-03-2020 140,000 427 0.1%
Saracen Mineral Holdings Ltd. 9,375,007 10,403 3.1%
Sarama Resources Ltd. 4,033,974 908 0.3%
Sarama Resources Ltd. Purchase Warrants Exp. 06-12-2017 700,000 19 0.0%
Sarama Resources Ltd. Purchase Warrants Exp. 06-30-2018 786,500 39 0.0%
Scorpio Gold Corp. 5,832,700 583 0.2%
SolGold PLC 1,381,590 888 0.3%
Tahoe Resources Inc. 150,000 1,689 0.5%
Tamaka Gold Corp. Purchase Warrants Exp. 04-19-2018 1,875,000 441 0.1%
Torex Gold Resources Inc. 242,344 6,228 1.9%
Trevali Mining Corp. 12.50% 05-30-2019 3,789,000 4,206 1.3%
Trevali Mining Corp. Purchase Warrants Exp. 12-30-2020 466,805 475 0.1%
Trident Gold Corp. 934,291 28 0.0%
Trimetals Mining Inc. 3,100,000 868 0.3%
TriMetals Mining Inc. Purchase Warrants Exp. 07-11-2019 1,550,000 81 0.0%
Umicore SA 20,000 1,399 0.4%
VanEck Vectors Gold Miners ETF Call Option @ $15.00 (Exp.03-17-2017) 3,500 3,592 1.1%
Victoria Gold Corp. 2,100,000 1,134 0.3%
Wesdome Gold Mines Ltd. 4,300,000 15,996 4.8%
Westgold Resources Ltd. 2,029,870 5,022 1.5%
Zambezi Platinum RF Ltd. Pfd. 90,752 478 0.1%
Total Investments -- 330,867 99.0%
Cash & Equivalents -- 3,797 1.1%
Other Assets (Liabilities) -- -463 -0.1%
Total Net Assets -- 334,201 100.0%

Asset Allocation (%) Help Holdings by region and sector

As of April 30, 2017
  • Regional Allocation
      Canada
    67.6%
      United States
    6.6%
      Australia
    6.4%
      Jersey
    4.7%
      United Kingdom
    3.7%
      South Africa
    3.3%
      Peru
    3.0%
      Belgium
    0.5%
      Cash & Equivalents 4.2%
  • Sector Allocation
      Gold 73.4%
      Silver 6.8%
      Precious Metals & Minerals 4.7%
      Cash & Equivalents 4.2%
      Diversified Metals & Mining 3.9%
      Copper 3.2%
      Other 1.9%
      Fixed Income 1.4%
      Specialty Chemicals 0.5%

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.