Gold Fund Holdings Update - September 2022 and Attribution Analysis

Toronto, Ontario--(Newsfile Corp. - October 14, 2022) - This report details the most recent portfolio holdings for Precious Metal Managed Funds and summarizes changes in portfolio holdings.

A Copy of the Full Report is Available to Read by Following the Link Below: 
https://mineralfunds/portfolio-holdings-update-september-2022

Gold & Precious Metal Funds included in this report:

DomicileFund NameFund FeesHoldings Report
Funds Reporting Monthly
USAFidelity Select Gold FundSummaryJul, 2022
USAFranklin Gold & Precious Metals Fund (USA)SummaryAug, 2022
LuxembourgFranklin Gold and Precious Metals Fund (Lux)SummaryAug, 2022
USAVanEck International Investors Gold FundSummaryAug, 2022
USAVanEck VIP Global Gold FundSummaryAug, 2022
     
Funds Reporting Quarterly
USASprott Gold Equity FundSummaryJun, 2022
USARydex Precious Metals FundSummaryJun, 2022
     
Funds Reporting Annually / Semi Annually
CanadaRBC Global Precious Metals FundSummaryJun, 2022
CanadaNinepoint Gold & Precious Minerals FundSummaryJun, 2022
CanadaTD Precious Metals FundSummaryJun, 2022
CanadaCIBC Precious Metals FundSummaryJun, 2022
CanadaNBI Precious Metals FundSummaryJun, 2022
LuxembourgBAKERSTEEL Precious Metals FundSummaryJun, 2022
LuxembourgCPR Invest - Global Gold MinesSummaryJun, 2022
LuxembourgSTABILITAS Pacific Gold+MetalsSummaryJun, 2022
LuxembourgStabilitas Gold+Resourcen Special SituationsSummaryJun, 2022
LuxembourgDJE Gold & RessourcenSummaryJun, 2022
LuxembourgiW Precious Metal Mining Equities FundSummaryJun, 2022
LuxembourgLandolt Investment (Lux) SICAV - GoldSummaryJun, 2022
LuxembourgCrossinvest Metals and Mining EquitySummaryJun, 2022
FranceRothschild & Co. Thematic Gold MinesSummaryJun, 2022
FranceCrédit Mutuel CIC Global GoldSummaryMar, 2022
FranceIxios Gold FundSummaryJun, 2022
BermudaJupiter Gold & Silver FundSummaryJun, 2022
SwitzerlandAMG Gold, Minen und MetalleSummaryJun, 2022
SwitzerlandPrecious Capital Global Mining and Metals FundSummaryJun, 2022
SwitzerlandSprott-Alpina Gold Equity FundSummaryJun, 2022
LiechtensteinCraton Capital Precious Metal FundSummaryJun, 2022
LiechtensteinPremium Gold and Metal Open FundSummaryJun, 2022
SingaporeDWS Noor Precious Metal Securities FundSummaryJun, 2022
FinlandZenito Silver and Gold FundSummaryJun, 2022
SwedenAuAg Precious GreenSummaryJun, 2022
GermanyValue Intelligence Gold Company FondsSummaryJun, 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 in excess of $1 Billion USD reporting during the period.

The 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'. 'Increasing Shareholding' and 'Decreasing Shareholding' fields identify companies to which a fund is either increasing or, alternatively, decreasing exposure.

FUNDS REPORTING MONTHLY

Fidelity Select Gold Fund

31.Jul.2022$1,325 M USD 
 
New Company HoldingsCompanies Divested  
NoneNone 
 
Largest Position: 
Newmont Corp. (NYSE: NEM) 12.4% 
 

 

Franklin Gold & Precious Metals Fund (USA)  Franklin Gold and Precious Metals Fund (Lux)
31.Aug.2022 $903 M USD 31.Aug.2022 $352 M USD
        
New Company Holdings Companies Divested  New Company Holdings Companies Divested
Moneta Gold Inc. Gold Standard Ventures Corp. Moneta Gold Inc. Gold Standard Ventures Corp.
        
Largest Position:  Largest Position: 
Endeavor Mining (TSX: EDV) 5.3% Endeavor Mining (TSX: EDV) 5.7%
         
Increasing Shareholding  Decreasing Shareholding Increasing Shareholding  Decreasing Shareholding
Orla Mining Ltd. Eastern Platinum Ltd. Integra Resources Corp. Gascoyne Resources Ltd.
O3 Mining Inc. Gascoyne Resources Ltd. Matador Mining Ltd. Perseus Mining Ltd.
 Perseus Mining Ltd. Orla Mining Ltd. 

 

VanEck International Investors Gold Fund VanEck VIP Global Gold Fund
31.Aug.2022 $611 M USD 31.Aug.2022 $39 M USD
   
New Company Holdings Companies Divested  New Company Holdings Companies Divested
None None None None
   
Largest Position:  Largest Position: 
Franco-Nevada Crp. (TSX: FNV) 9.5% Franco-Nevada Crp. (TSX: FNV) 9.2%
   
Increasing Shareholding  Decreasing Shareholding  Increasing Shareholding  Decreasing Shareholding
None BonTerra Resources Inc. None BonTerra Resources Inc.
 Nighthawk Gold Corp.  Nighthawk Gold Corp.
 Wallbridge Mining Co. Ltd.  Wallbridge Mining Co. Ltd.
 Perpetua Resources Corp.  Perpetua Resources Corp.
   Franco-Nevada Corporation
   Agnico Eagle Mines Limited
   Endeavour Mining PLC
   Barrick Gold Corporation
   Newmont Corporation
   Wheaton Precious Metals Corp
   B2Gold Corp.
   Kinross Gold Corporation
   Yamana Gold Inc.
   Northern Star Resources Ltd
   Alamos Gold Inc.
   SSR Mining Inc.
   Royal Gold Inc.
   Evolution Mining Ltd.
   Osisko Gold Royalties Ltd.
   Eldorado Gold Corporation
   Equinox Gold Corp.

 

FUNDS REPORTING MONTHLY      ATTRIBUTION ANALYSIS

AUM in all monthly reporting gold funds decreased through July and August respectively.

Fidelity Select Gold Fund
AUM for Fidelity Gold Fund decreased in July from $1,380 M USD to $1,325 M USD (-4.0%).

A significant decrease in value for the Fund's largest holding Newmont Corporation (NYSE: NEM) (-26.5% on the month) which began the month $61.17 USD and closed the month at $44.94 USD contributed to a relative decrease in the largest holding from 15.0% to 12.4%. The Fund did not take on any new names and did not complete full liquidation of any existing positions during the month.

Franklin Gold & Precious Metals Fund (USA)
AUM for Franklin Gold and Precious Metals Fund (USA) decreased in August from $986 M USD to $903 M USD (-8.4%).

The Fund took up a new position in Moneta Gold Inc. (TSX: ME). During the month Moneta Gold reported high-grade intercepts at the Tower Gold Project near Timmins, Ontario. Subsequent to month end Moneta reported a positive PEA and an updated NI 43-101 report for the Tower Gold Project in Ontario. The Fund increased positioning in junior producer Orla Mining Ltd. (TSX: OLA) which closed on the acquisition of Gold Standard Ventures Corp. (NYSE: GSV) on August 12th. The Fund also increased positioning in Osisko Group company O3 Mining Inc. (TSXV: OIII).

The Fund reduced holdings in: Eastern Platinum Ltd. (TSX: ELR), Gascoyne Resources Ltd. (ASX: GYC) and Perseus Mining Ltd. (TSX: PRU). On September 23rd, subsequent to month end, Eastern Platinum Ltd. announced a financing facility with Investec Bank Ltd.

Franklin Gold and Precious Metals Fund (Lux) increased exposure to Integra Resources Corp. (CVE: ITR) which closed an oversubscribed financing on August 4th, 2022, and which continues to advance permitting for the DeLamar Gold-Silver Project. The Luxembourg based Fund also increased exposure to Australian listed Matador Mining Ltd. (ASX: MZZ) which is exploring for high-grade gold in the jurisdiction of Newfoundland, Canada.

VanEck International Investors Gold Fund
AUM for VanEck International Investors Gold Fund decreased in August from $687 M USD to $611 M USD (-11.1%).

The Fund did not add any new holdings and did not increase positioning in any holdings. The Fund continued to reduce holdings of Nighthawk Gold Corp. (TSX: NHK) and Wallbridge Mining Co. Ltd. (TSX: WM), and also began reducing its holdings of BonTerra Resources Inc. (CVE: BTR) and Perpetua Resources Corp. (TSX: PPTA).

VanEck VIP Global Gold Fund
AUM for VanEck VIP Global Gold Fund decreased in August from $44 M USD to $39 M USD (-11.4%).

The Fund did not add any new positions or increase positioning in any gold company names. The Fund reduced positioning in 21 of 51 holdings. VanEck VIP Global Gold Fund mirrors VanEck International Investors Fund.

A complete list of Precious Metal Managed Funds and their respective portfolio holdings can be found at:
https://mineralfunds.com/gold-funds/

Reported by: Khadijah Samnani, Analyst      Supported By: Christopher Berlet BSc, CFA

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/140595

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