Gold Fund Holdings Update - November 2022 and Attribution Analysis

Toronto, Ontario--(Newsfile Corp. - November 24, 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 at the Link Below:

https://mailchi.mp/mineralfunds/portfolio-holdings-update-november-2022

Gold & Precious Metal Funds included in this report:

Domicile
Fund Name
Fund FeesHoldings Report


Funds Reporting Monthly








USA
Fidelity Select Gold
SummarySep, 2022
USA
Franklin Gold & Precious Metals Fund (USA)
SummaryOct, 2022
Luxembourg
Franklin Gold & Precious Metals Fund (Lux)
SummaryOct, 2022
USA
VanEck International Investors Gold Fund
SummaryOct, 2022
USA
VanEck VIP Global Gold Fund
SummaryOct, 2022








Funds Reporting Quarterly








USA
American Century Global Gold Fund
SummarySep, 2022
USA
USAA Precious Metals and Minerals Fund
SummarySep, 2022
USA
US Global Investors Gold and Precious Metals Fund
SummaryJun, 2022
USA
US Global Investors World Precious Minerals
SummaryJun, 2022
USA
OCM Gold Fund
SummaryAug, 2022








Funds Reporting Annually / Semi Annually








Luxembourg
Konwave Gold Equity Fund
SummaryJun, 2022
Luxembourg
Ninety One Global Gold Fund (Lux)
SummaryJun, 2022
Luxembourg
Invesco Gold and Special Minerals Fund (Lux)
SummaryAug, 2022
Luxembourg
NESTOR Gold Fund
SummaryJun, 2022
Luxembourg
Konwave Sustainable Gold Equity Fund
SummaryJun, 2022
Luxembourg
Claresco Or et Metaux Precieux
SummaryJun, 2022
UK
BlackRock Gold & General Fund
SummaryAug, 2022
UK
Junior Gold and Silver Miners Fund
SummaryAug, 2022
France
Amundi Actions Or
SummaryJun, 2022
Cayman Island
Gold 2000 Ltd.
SummaryMay, 2022
Cayman Island
Gold 3000 Ltd.
SummaryJun, 2022
Germany
Earth Gold Fund UI
SummaryJun, 2022
Austria
Amundi Gold Stock
SummaryOct, 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'.

FUNDS REPORTING MONTHLY

Fidelity Select Gold Fund

30.Sept.2022$1,179 M USD


New Company HoldingsCompanies Divested
NoneNone


Largest Position:
Newmont Corp. (NYSE: NEM) 11.6%

 

Franklin Gold & Precious Metals Fund (USA)                          Franklin Gold & Precious Metals Fund (Lux)

31.Oct.2022$831 M USD31.Oct.2022$329 M USD




New Company HoldingsCompanies DivestedNew Company HoldingsCompanies Divested
De Grey Mining Ltd.Argonaut Gold Inc.De Grey Mining Ltd.Argonaut Gold Inc.

Dacian Gold Inc.
Dacian Gold Inc.




Largest Position:
Largest Position:
Endeavor Mining (TSX: EDV)5.4%Endeavor Mining (TSX: EDV)5.5%

 

VanEck International Investors Gold Fund                             VanEck VIP Global Gold Fund

31.Oct.2022$588 M USD31.Oct.2022$37 M USD




New Company HoldingsCompanies DivestedNew Company HoldingsCompanies Divested
NoneGold Fields LimitedNoneGold Fields Limited

Equinox Gold Corp.
Equinox Gold Corp.

Nighthawk Gold Corp.
Nighthawk Gold Corp.

Perpetua Resources Corp.
Perpetua Resources Corp.

Pure Gold Mining Inc.
Pure Gold Mining Inc.




Largest Position:
Largest Position:
Agnico Eagle M. Ltd. (TSX: AEM)9.8%Agnico Eagle M. Ltd. (TSX: AEM)9.7%

 

FUNDS REPORTING MONTHLY          ATTRIBUTION ANALYSIS

Fidelity Select Gold Fund

AUM for Fidelity Gold Fund decreased in September from $1,186 M USD to $1,179 M USD (-0.6%).

The Fund did not take on any new positions, nor fully divest from any positions during the month. The Fund's largest position remained Newmont Corp. (NYSE: NEM) with the weighting increasing very slightly on the month from 11.3% of the portfolio to 11.6% of the portfolio.

Franklin Gold & Precious Metals Fund (USA)

AUM for Franklin Gold and Precious Metals Fund (USA) decreased in October from $839 M USD to $831 M USD (-1.0%).

The Fund took up a new position in Australian listed De Grey Mining Ltd. (ASX: DEG). De Grey is expanding the Hemi discovery in Australia's Pilbara region. Hemi is an intrusion-related gold deposit type considered new to the Pilbara region and is showing gold mineralisation scale potential not previously encountered in the Mallina Basin.

During the month of October, the Fund divested of a holding in Australian listed Dacian Gold Inc. (ASX: DEG) after shares doubled in price pursuant to a takeover offer from Genesis Minerals Ltd. (ASX: GMD). The Fund also divested from its holding of Argonaut Gold Ltd. (TSX: AR).

Franklin Gold & Precious Metals Fund (Lux)

AUM for Franklin Gold and Precious Metals Fund (Lux) decreased in October from $334 M USD to $329 M USD (-1.5%).

VanEck International Investors Gold Fund

AUM for VanEck International Investors Gold Fund decreased in October from $611 M USD to $588 M USD (-3.8%).

During October the Fund divested fully from: Gold Fields Ltd. (JSE: GFI), Equinox Gold Corp. (TSX: EQX), Nighthawk Gold Corp. (TSX: NHK), Perpetua Resources Corp. (TSX: PPTA) and Pure Gold Mining Inc. (CVE: PGM.H).

After a difficult year for Pure Gold Mining Inc. (CVE: PGM.H) in which new senior management were recruited, and new credit facilities were secured and extended, on October 24th the company announced suspension of operations and closure of the PureGold Mine. The Fund liquidated its position in Pure Gold Mining Inc. during the month of October.

VanEck VIP Global Gold Fund

AUM for VanEck VIP Gold Gold Fund decreased in October from $39 M USD to $37 M USD (-5.1%).

The Fund's largest holding remains Agnico Eagle Mines Ltd. (TSX: AEM), the world's third largest publicly listed gold producer, representing 9.7% of the portfolio.

FUNDS AUM > $1 BILLION USD

BlackRock Gold & General Fund

Fund Comparison: February 28th, 2022 / August 31st, 2022

31.Aug.2022£874.75 M GBP


New Company HoldingsCompanies Divested
Predictive DiscoveryGreat Bear Resources
Rupert ResourcesPretium Resources
Yamana Gold


Largest Position:
Barrick Gold Corp. (TSX: ABX) 7.4%

 

FUNDS AUM > $1 BILLION USD ATTRIBUTION ANALYSIS

BlackRock Gold & General Fund

AUM for BlackRock Gold and General Fund decreased over the period from: £1,173.58 M GBP on 28th February 2022 to £874.75 M GBP on 31st August 2022 (-25.5%). On August 31st the Fund's largest holding was Barrick Gold Corp. (TSX: ABX) representing 7.4% of the portfolio.

Two of the Fund's company investments were acquired during the period. Pretium Resources Inc. (TSX: PVG) was acquired by Newcrest Mining Ltd. (ASX: NCM) and Great Bear Resources Ltd. (TSX-V: GBR) was acquired by Kinross Gold Corp. (TSX: K).

During the period, the Fund took new positions in: Predictive Discovery Ltd. (ASX: PDI), Rupert Resources Ltd. (CVE: RUP) and Yamana Gold Inc. (TSX: YRI).

Predictive Discovery Ltd. (ASX: PDI) is focused on developing the Tier-1 Bankan Gold Discovery in Guinea, West Africa, and Rupert Resources Ltd. (CVE: RUP) is advancing the new Ikkari gold discovery in Lapland, Northern Finland. The Predictive Discovery Ltd. Bankan Gold Discovery is billed as the largest gold discovery in West Africa in the past decade.

Yamana Gold Inc. (TSX: YRI) is a Canadian company that owns and operates gold, silver and copper mines in Canada, Chile, Brazil and Argentina. Yamana Gold Inc. is currently the subject of a bidding competition between Agnico Eagle Mines Ltd. (TSX: AEM) and Pan American Silver Corp. (TSX: PAAS) on the one side and Gold Fields Ltd. (JSE: GFI) on the other.

'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 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/145661

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