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 March 31, 2019
Major holdings represent 50.3% of the fund.
View all holdings
Total # of
Equity Holdings
83
Holding name, country and sector Percentage of holding in fund
Barrick Gold Corp
Canada | Gold
8.0%
Detour Gold Corp
Canada | Gold
7.2%
Agnico Eagle Mines Ltd
Canada | Gold
7.2%
Evolution Mining Ltd
Australia | Gold
5.1%
Wesdome Gold Mines Ltd
Canada | Gold
5.0%
Kirkland Lake Gold Ltd
Canada | Gold
3.7%
AngloGold Ashanti Ltd
South Africa | Gold
3.6%
Saracen Mineral Holdings Ltd
Australia | Gold
3.6%
First Quantum Minerals Ltd
Zambia | Copper
3.6%
Gold Fields Ltd
South Africa | Gold
3.4%

Complete Fund Holdings Help Full holdings list

As of December 31, 2018
Holding Name No. of Shares/Units Market Value CAD (000s) % of NAV
Acacia Mining PLC 860,000 2,742 1.2%
Agnico-Eagle Mines Ltd. 295,000 16,255 7.8%
Alturas Minerals Corp. 2,000,000 20 0.0%
Amarillo Gold Corp. 3,874,900 1,046 0.4%
AngloGold Ashanti Ltd. ADR 615,000 10,529 4.5%
Asanko Gold Inc. 1,274,708 1,109 0.5%
Aston Bay Holdings Ltd. 5,022,000 276 0.1%
ATAC Resources Ltd. 1,000,000 260 0.1%
Atna Resources Ltd. 1,201,800 0.0%
Aurion Resources Ltd. 1,587,457 1,730 0.7%
B2Gold Corp. 1,555,000 6,204 2.6%
Barrick Gold Corp. 425,000 7,833 3.3%
Candente Gold Corp. 1,050,000 21 0.0%
Copper Mountain Mining Corp. 1,400,000 1,008 0.4%
Coro Mining Corp. 19,694,740 985 0.4%
Dacian Gold Ltd. 300,000 721 0.3%
Detour Gold Corp. 1,380,000 15,911 6.8%
Eastmain Resources Inc. 2,000,000 330 0.1%
Evolution Mining Ltd. 3,850,000 13,657 5.8%
First Quantum Minerals Ltd. 610,000 6,734 2.9%
GFG Resources Inc. 400,000 82 0.0%
Gold 100oz Futures February 2019 Call Option @ $1,100.00 Exp. 01-28-2019 330 8,162 3.5%
Gold Fields Ltd. ADR 600,000 2,881 1.2%
Gold Standard Ventures Corp. 1,000,000 1,710 0.7%
Golden Predator Mining Corp. 450,000 115 0.0%
GT Gold Corp. 844,609 515 0.2%
Guyana Goldfields Inc. 2,540,000 4,064 1.7%
Handa Copper Corp. 620,000 20 0.0%
Handa Copper Corp. Purchase Warrants Exp. 03-19-2018 620,000 0.0%
Hochschild Mining PLC 1,600,000 4,344 1.8%
IDM Mining Ltd. 4,100,000 246 0.1%
iShares S&P/TSX Global Gold Index Fund Call Option @ $8.00 Exp.06-21-2019 9,400 3,469 1.5%
Itafos 74,148 74 0.0%
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. 220,000 7,832 3.3%
Lion One Metals Ltd. 1,843,392 765 0.3%
Lundin Gold Inc. 1,470,000 7,335 3.1%
Mag Silver Corp. 535,000 5,350 2.3%
Moneta Porcupine Mines Inc. 5,769,231 721 0.3%
Mountain Province Diamonds Inc. 430,240 839 0.4%
Mukuba Resources Ltd. 9,878 1 0.0%
Neo Performance Materials Inc. 47,002 724 0.3%
Newmont Mining Corp. 270,000 12,763 5.4%
North American Palladium Private Placement 116,500 1,257 0.5%
Northern Dynasty Minerals Ltd. 729,496 554 0.2%
Northern Star Resources Ltd. 584,000 5,187 2.2%
Oklo Resources Ltd. 3,200,000 769 0.3%
Osisko Mining Inc. 560,000 1,719 0.7%
Pan American Silver Corp. 330,000 6,577 2.8%
Panoro Minerals Ltd. 1,459,000 343 0.1%
Pretium Resources Inc. 730,000 8,446 3.6%
Randgold Resources Ltd. ADR 81,500 9,216 3.9%
Red Pine Exploration Inc. 12,700,000 508 0.2%
Red Pine Exploration Inc. Purchase Warrants Exp. 04-06-2021 8,200,000 50 0.0%
Reunion Gold Corp. 8,593,162 1,547 0.7%
Reunion Gold Corp. Purchase Warrants Exp. 09-19-2020 1,417,735 38 0.0%
Rochester Resources Ltd. 1,110,000 33 0.0%
Roscan Gold Corp. 3,250,000 228 0.1%
RosCan Minerals Corp. Warrants 3,250,000 0.0%
Roxgold Inc. 2,731,812 2,213 0.9%
Royal Road Minerals Ltd. 10,100,000 707 0.3%
Royal Road Minerals Ltd. Purchase Warrants Exp. 02-17-2019 3,150,000 0.0%
RTG Mining Inc. 712,240 82 0.0%
Rubicon Minerals Corp. 2,448,925 3,257 1.4%
Sabina Gold & Silver Corp. 1,720,000 2,116 0.9%
Samco Gold Ltd. 2,354,791 53 0.0%
Sandstorm Gold Ltd. Purchase Warrants Exp. 11-03-2020 140,000 245 0.1%
Saracen Mineral Holdings Ltd. 4,025,000 11,337 4.8%
Sarama Resources Ltd. 4,733,974 213 0.1%
Sarama Resources Ltd. Purchase Warrants Exp. 03-17-2019 350,000 0.0%
Scorpio Gold Corp. 5,832,700 73 0.0%
Sebastiani Ventures Corp. 196,693 37 0.0%
Semafo Inc. 1,575,000 4,646 2.0%
SolGold PLC 1,381,590 883 0.4%
Titan Mining Corp. 370,000 407 0.2%
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 0.0%
Umicore SA* 40,000 2,180 0.9%
Wesdome Gold Mines Ltd. 2,990,000 13,246 5.6%
Westgold Resources Ltd. 2,019,958 1,709 0.7%
Westgold Resources Ltd. Bonus Option Exp. 06-30-2019 405,974 3 0.0%
Zambezi Platinum RF Ltd. Pfd. 90,752 568 0.2%
Total Investments -- 231,004 98.3%
Cash & Equivalents -- 5,081 2.2%
Other Assets (Liabilities) -- -1,090 -0.5%
Total Net Assets -- 234,995 100.0%

Asset Allocation (%) Help Holdings by region and sector

As of March 31, 2019
  • Regional Allocation
      Canada
    62.3%
      Australia
    14.1%
      South Africa
    7.2%
      Zambia
    3.5%
      United States
    3.2%
      Peru
    2.4%
      Belgium
    1.0%
      Jersey
    0.6%
      United Kingdom
    0.4%
      Cash & Equivalents 5.3%
  • Sector Allocation
      Gold 73.5%
      Other 9.4%
      Silver 7.7%
      Cash & Equivalents 5.3%
      Copper 4.1%

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.