Toronto, Ontario--(Newsfile Corp. - May 30, 2023) - This report details the most recent portfolio holdings for Gold & Precious Metal Managed Funds and summarizes changes in portfolio holdings.
A Copy of the Full Report is Available at the Link Below:
https://mailchi.mp/mineralfunds/portfolio-holdings-monthly-update-may-2023
Gold & Precious Metal Managed Funds included in this report:
| Domicile | Fund Name | Fund Fees | Holdings Report | ||
| Funds Reporting Monthly | |||||
| USA | Fidelity Select Gold | Summary | Mar, 2023 | ||
| USA | Franklin Gold & Precious Metals Fund (USA) | Summary | Apr, 2023 | ||
| Luxembourg | Franklin Gold & Precious Metals Fund (Lux) | Summary | Apr, 2023 | ||
| USA | VanEck International Investors Gold Fund | Summary | Apr, 2023 | ||
| USA | VanEck VIP Global Gold Fund | Summary | Apr, 2023 | ||
| Funds Reporting Quarterly | |||||
| USA | Allspring Precious Metals Fund | Summary | Mar, 2023 | ||
| USA | American Century Global Gold Fund | Summary | Dec, 2022 | ||
| USA | Euro Pacific Gold Fund | Summary | Jan, 2023 | ||
| USA | Gabelli Gold Fund | Summary | Dec, 2022 | ||
| USA | GAMCO Global Gold, Natural Resources & Income Trust | Summary | Dec, 2022 | ||
| USA | GAMCO Natural Resources, Gold & Income Trust | Summary | Dec, 2022 | ||
| USA | Invesco Gold & Special Minerals Fund (USA) | Summary | Jan, 2023 | ||
| USA | Midas Series Trust | Summary | Dec, 2022 | ||
| USA | OCM Gold Fund | Summary | Feb, 2023 | ||
| USA | Precious Metals UltraSector Profund | Summary | Jan, 2023 | ||
| USA | Rydex Precious Metals Fund | Summary | Dec, 2022 | ||
| USA | Sprott Gold Equity Fund | Summary | Dec, 2022 | ||
| USA | US Global Investors Gold and Precious Metals | Summary | Dec, 2022 | ||
| USA | US Global Investors World Precious Minerals | Summary | Dec, 2022 | ||
| USA | Victory Precious Metals Fund | Summary | Dec, 2022 | ||
| Funds Reporting Annually / Semi Annually | |||||
| Canada | BMO Precious Metals Fund | Summary | Sep, 2022 | ||
| Canada | CI Gold Corporate Class | Summary | Sep, 2022 | ||
| Canada | CI Precious Metals Fund | Summary | Sep, 2022 | ||
| Canada | CI Precious Metals Private Trust | Summary | Sep, 2022 | ||
| Canada | CIBC Precious Metals Fund | Summary | Dec, 2022 | ||
| Canada | Dynamic Precious Metals Fund | Summary | Dec, 2022 | ||
| Canada | Dynamic Strategic Gold Class | Summary | Dec, 2022 | ||
| Canada | IG Mackenzie Global Precious Metals Class | Summary | Sep, 2022 | ||
| Canada | Mackenzie Precious Metals Fund | Summary | Sep, 2022 | ||
| Canada | NBI Precious Metals Fund | Summary | Dec, 2022 | ||
| Canada | Ninepoint Gold & Precious Minerals Fund | Summary | Dec, 2022 | ||
| Canada | RBC Global Precious Metals Fund | Summary | Dec, 2022 | ||
| Canada | TD Precious Metals Fund | Summary | Dec, 2022 | ||
| Luxembourg | BAKERSTEEL Precious Metals Fund | Summary | Dec, 2022 | ||
| Luxembourg | BlackRock Global Funds World Gold Fund | Summary | Feb, 2023 | ||
| Luxembourg | Claresco Or et Metaux Precieux | Summary | Dec, 2022 | ||
| Luxembourg | CPR Invest - Global Gold Mines | Summary | Jan, 2023 | ||
| Luxembourg | Crossinvest Metals and Mining Equity Fund | Summary | Dec, 2022 | ||
| Luxembourg | Deutsche Invest I Gold & Precious Metals | Summary | Dec, 2022 | ||
| Luxembourg | DJE Gold & Ressourcen | Summary | Dec, 2022 | ||
| Luxembourg | Konwave Gold Equity Fund | Summary | Dec, 2022 | ||
| Luxembourg | Konwave Sustainable Gold Equity Fund | Summary | Dec, 2022 | ||
| Luxembourg | Landolt Investment (Lux) SICAV - Gold | Summary | Dec, 2022 | ||
| Luxembourg | Lombard Odier Funds - World Gold Expertise | Summary | Sep, 2022 | ||
| Luxembourg | NESTOR Gold Funds | Summary | Dec, 2022 | ||
| Luxembourg | NinetyOne Global Gold Fund (Lux) | Summary | Dec, 2022 | ||
| Luxembourg | Plutos Gold Plus | Summary | Sep, 2022 | ||
| Luxembourg | Schroder ISF Global Gold | Summary | Dec, 2022 | ||
| Luxembourg | Sprott-Alpina Gold Equity UCITS Fund | Summary | Dec, 2022 | ||
| UK | DMS Charteris Gold & Precious Metals Fund | Summary | Aug, 2022 | ||
| UK | ES Baker Steel Gold and Precious Metals | Summary | Feb, 2023 | ||
| UK | LF Ruffer Gold Fund | Summary | Mar, 2023 | ||
| UK | NinetyOne Global Gold Fund (UK) | Summary | Aug, 2022 | ||
| UK | QUILTER Investors Precious Metals Equity | Summary | Dec, 2022 | ||
| France | Amundi Actions Or | Summary | Jan, 2023 | ||
| France | Edmond de Rothschild Goldsphere | Summary | Sep, 2022 | ||
| France | Strategie Indice Or | Summary | Jun, 2022 | ||
| France | Tocqueville Gold Fund | Summary | Sep, 2022 | ||
| Austria | C-Quadrat Gold & Resources Fund | Summary | Aug, 2022 | ||
| Bermuda | ASA Gold & Precious Metals Limited | Summary | Feb, 2023 | ||
| Germany | Earth Gold Fund UI | Summary | Dec, 2022 | ||
| Germany | GR Noah | Summary | Jan, 2023 | ||
| Germany | Value Intelligence Gold Company Fonds (AMI) | Summary | Dec, 2022 | ||
| Ireland | Jupiter Gold & Silver Fund | Summary | Dec, 2022 | ||
| Liechtenstein | AIPM Junior Mining & Exploration Fund | Summary | Dec, 2022 | ||
| Liechtenstein | Craton Capital Precious Metal Fund | Summary | Dec, 2022 | ||
| Liechtenstein | Incrementum Crypto Gold Fund | Summary | Dec, 2022 | ||
| Liechtenstein | Marmite Exploration & Mining Invest Fund | Summary | Dec, 2022 | ||
| Liechtenstein | SafePort Gold & Silver Mining Fund | Summary | Dec, 2022 | ||
| Liechtenstein | Precious Metals Champion Fund | Summary | Dec, 2022 | ||
| Liechtenstein | Premium Gold & Metal Open Fund | Summary | Dec, 2022 | ||
| Singapore | DWS Noor Precious Metals Securities Fund | Summary | Dec, 2022 | ||
| Sweden | AuAg Precious Green | Summary | Dec, 2022 | ||
| Switzerland | AMG Gold, Minen und Metalle | Summary | Dec, 2022 | ||
| Switzerland | Precious Capital Global Mining and Metals Fund | Summary | Dec, 2022 |
A portfolio holding 'attribution analysis' is undertaken on the portfolios of gold funds that report asset allocations monthly, and on any fund with assets that exceed $1 Billion USD and that reports during the period.
The attribution analysis includes a list of companies which are new to a portfolio in the period 'New Company Holdings', and companies which have been eliminated from a portfolio during the period 'Companies Divested'.
FUNDS REPORTING MONTHLY
Fidelity Select Gold Fund
| 31.Mar.2023 | $1,810 M USD |
| New Company Holdings | Companies Divested |
| Atex Resources, Inc. | BeMetals Corp. |
| Guanajuato Silver Co. Ltd. | Pure Gold Mining, Inc. |
| Largest Position: | |
| Agnico Eagle M. Ltd. (TSX: AEM) | 8.4% |
Franklin Gold & Precious Metals Fund (USA) Franklin Gold & Precious Metals Fund (Lux)
| 30.Apr.2023 | $1,010 M USD | 30.Apr.2023 | $445 M USD |
| New Company Holdings | Companies Divested | New Company Holdings | Companies Divested |
| Montage Gold Corp. | None | Montage Gold Corp. | None |
| Largest Position: | Largest Position: | ||
| Endeavor Mining (TSX: EDV) | 5.2% | Endeavor Mining (TSX: EDV) | 5.2% |
VanEck International Investors Gold Fund VanEck VIP Global Gold Fund
| 30.Apr.2023 | $791 M USD | 30.Apr.2023 | $60.5 M USD |
| New Company Holdings | Companies Divested | New Company Holdings | Companies Divested |
| West Red Lake Gold Mines | Sabina Gold & Silver Corp. | West Red Lake Gold Mines | Sabina Gold & Silver Corp. |
| Largest Position: | Largest Position: | ||
| Agnico Eagle M. Ltd. (TSX: AEM) | 6.7% | Agnico Eagle M. Ltd. (TSX: AEM) | 6.8% |
ATTRIBUTION ANALYSIS FOR FUNDS REPORTING MONTHLY
Fidelity Select Gold Fund
AUM for Fidelity Select Gold Fund have increased since the time of our last update (Sep.2022) from $1,179 M USD to $1,810 M USD (Mar.2023) (+53.5%).
The Fund reported 2 new positions in Mar.2023: ATEX Resources Inc. (CVE: ATX) and Guanajuato Silver Co. Ltd. (TSXV: GSVR).
ATEX Resources Inc. is a Latin America-focused (principally Chile) exploration company headed up by experienced mining entrepreneur Raymond Jannas who is leading a team of professionals with the goal of discovering economically viable mineral deposits through a disciplined approach to exploration.
On August 4, 2022, Guanajuato Silver Co. Ltd. acquired all the Mexican assets of Great Panther Mining. This transaction expanded Guanajuato Silver's operations to a total of five mines and three production facilities.
During the most recent reporting period (Mar.2023), Fidelity Select Gold Fund divested from BeMetals Corp. (TSXV: BMET) which is advancing gold exploration targets in Kyushu, Japan. The Fund's holding of Pure Gold Mining Inc. (NEX: PGM.H) was liquidated with West Red Lake Gold Mines Ltd. (TSXV: WRLG) acquiring the historic Madsen Gold Mine.
Franklin Gold & Precious Metals Fund (USA)
AUM for Franklin Gold & Precious Metals Fund (USA) have increased since the time of our last update (Oct.2022) from $831 M USD to $1,010 M USD (Apr.2023) (+21.5%).
The Fund reported a new position in: Montage Gold Corp. (CVE: MAU).
Montage Gold Corp. is headed up by Richard P. Clark, formerly CEO of Red Back Mining Inc. which sold to Kinross for $7.1 B USD, and is supported by a team recognized for discovering, building, operating, and growing major gold deposits in West Africa.
Franklin Gold & Precious Metals Fund (Lux)
AUM for Franklin Gold & Precious Metals Fund (USA) have increased since the time of our last update (Oct.2022) from $329 M USD to $445 M USD (Apr.2023) (+35.2%).
VanEck International Investors Gold Fund
AUM for VanEck International Investors Gold Fund have increased since the time of our last update (Oct.2022) from $588 M USD to $791 M USD (Apr.2023) (+34.5%).
The Fund reported a new position in: West Red Lake Gold Mines Ltd. (TSXV: WRLG)
West Red Lake Gold Mines Ltd. recently acquired the historic Madsen Gold Mine from Pure Gold Mining Inc.
The Fund's position in Sabina Gold & Silver Corp. was acquired by B2Gold Corporation (TSX: BTO).
VanEck VIP Global Gold Fund
AUM for VanEck VIP Global Gold Fund have increased since the time of our last update (Oct.2022) from $37 M USD to $60.5 M USD (Apr.2023) (+63.5%).
The Fund reported a new position in West Red Lake Gold Mines Ltd. (TSXV: WRLG) which acquired the historic Madsen Gold Mine from Pure Gold Mining Inc. in receivership. The Fund's position in Sabina Gold & Silver Corp. was acquired in full by B2Gold Corporation (TSX: BTO).
FUNDS WITH AUM > $1 BILLION USD
BlackRock Global Funds World Gold Fund
Fund Comparison: August 31st, 2022 / February 28th, 2023
| 28.Feb.2023 | $3,823 B USD |
| New Company Holdings | Companies Divested |
| Pan American Silver Corp. | Castile Resources Ltd. |
| Rupert Resources Ltd. | |
| Largest Position: | |
| Endeavor Mining (TSX: EDV) | 7.4% |
Invesco Gold & Special Minerals Fund (USA)
Fund Comparison: October 31st, 2022 / January 31st, 2023
| 31.Jan.2023 | $2,065 B USD |
| New Company Holdings | Companies Divested |
| Teck Resources Ltd. | Lake Resources |
| Alcoa Corp. | Westgold Resources Ltd. |
| Piedmont Lithium Inc. | Equinox Gold Corp. |
| Maverix Metals, Inc. | |
| Minera Alamos, Inc. | |
| New Gold Inc. | |
| Novagold Resources Inc. | |
| Jervois Global Ltd. | |
| AngloGold Ashanti Ltd. | |
| Largest Position: | |
| Barrick Gold Corp. (TSX: ABX) | 7.4% |
ATTRIBUTION ANALYSIS FOR FUNDS WITH ASSETS > $1B USD
BlackRock Global Funds World Gold Fund
AUM for the world's largest gold equities fund, BlackRock Global Funds World Gold Fund (BGF World Gold Fund), increased over the reporting period from (Aug.2022) to (Feb.2023) from $3,351 M USD to $3,823 M USD (+14.1%).
The Fund reported 2 new positions: Pan American Silver Corp. (TSX: PAAS) and Rupert Resources Ltd. (TSX: RUP).
On March 31, 2023, Pan American Silver Corp. acquired the Latin American mines and properties of Yamana Gold Inc. In the 6 months to Feb.2023 BGF World Gold Fund took up a new position in Pan American Silver Corp.
Rupert Resources Ltd. is advancing the Ikkari Discovery in the Central Lapland Greenstone Belt in the Tier 1 mining jurisdiction of Finland. In the 6 months to Feb.2023 BGF World Gold Fund took up a new position in Rupert Resources Ltd.
In the 6 months to Feb.2023, the Fund divested from Australian listed Castile Resources Ltd. (ASX: CST). Castile's flagship asset is the Rover 1 IOCG Project located in the Rover Mineral Field in the Northern Territory. Castile has supported a public listing since January 2020 and released a pre-feasibility report for Rover 1 on January 31st, 2023.
Invesco Gold & Special Minerals Fund (USA)
AUM for Invesco Gold & Special Minerals Fund (USA) increased over the reporting period from (Oct.2022) to (Jan.2023) from $1,533 M USD to $2,066 M USD (+34.7%).
In the most recent reporting quarter (Oct.2022-Jan.2023), Invesco Gold & Special Minerals Fund has taken on 3 new positions: Teck Resources Ltd. (TSX: TECK.B), Alcoa Corp. (NASDAQ: AA) and Piedmont Lithium Inc. (NASDAQ: PLL).
Teck Resources Ltd. is in public takeover discussions with Glencore plc (LON: GLEN). Piedmont Lithium Inc. is an Australian mining company in the process of proving economic mineral recovery of lithium in Gaston County, North Carolina.
During the reporting period (Oct.2022-Jan.2023), the Fund divested from several public company holdings including: Lake Resources Co. (ASX: LKE), Westgold Resources Ltd. (ASX: WGX), Equinox Gold Co. (TSX: EQX), Maverix Metals Inc. (TSX: MMX), Minera Alamos Inc. (CVE: MAI), New Gold Inc. (TSX: NGD), NovaGold Resources Mining Co. (TSX: NG), Jervois Mining Ltd. (CVE: JRV) and AngloGold Ashanti Ltd. (JSE: ANG).
Maverix Metals Inc. (TSX: MMX) was taken over by Triple Flag Precious Metals Corp. on January 12th, 2023. The remaining companies were portfolio divestitures during the quarter.
'Increasing Shareholding' and 'Decreasing Shareholding' fields identify companies to which a fund is either increasing or, alternatively, decreasing exposure. This portfolio analysis information is available to Substack subscribers only.
A complete list of Gold and Precious Metal Managed Funds and their respective portfolio holdings can be found at:
https://mineralfunds.com/gold-funds/
Reported by: Christopher Berlet BSc, CFA Supported By: Khadijah Samnani, Analyst
For further information please contact:
(416) 525 - 6869
manager@mineralprices.com
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/168025
