Asset Class Sector and Specialty

Mackenzie Gold Bullion Fund

Why invest in this fund?

Passively managed fund that provides convenient, liquid exposure to gold
For additional convenience, the fund is available in either Canadian or US dollars

Key Facts

Performance

Portfolio

Sustainability Characteristics

Codes & Fees

Historical Data

Resources

Fund Materials

Quarterly Portfolio Disclosure - 3rd Quarter – Mackenzie Gold Bullion Fund pdf 65KB
Fund Profile - Mackenzie Gold Bullion Fund Series F pdf 522KB
Fund Profile - Mackenzie Gold Bullion Fund Series PW pdf 521KB
Fund Profile - Mackenzie Gold Bullion Fund pdf 521KB
Mackenzie Gold Bullion Fund – August Inventory pdf 652KB

Regulatory Documents

Fund Facts
Prospectus & Annual Information Form
Financial Statements – Interim – Mackenzie Gold Bullion Fund pdf 308KB
Financial Statements – Annual – Mackenzie Gold Bullion Fund pdf 363KB
Quarterly Portfolio Disclosure - 1st Quarter - Mackenzie Gold Bullion Fund pdf 69KB
MRFP – Interim – Mackenzie Gold Bullion Fund pdf 1553KB
MRFP – Annual – Mackenzie Gold Bullion Fund pdf 737KB

Other Sector and Specialty

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 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.

** ‡‡ ɫ Closed to new investments. Please read the prospectus or the Fund’s MFRP for more information regarding the closure and possible exceptions.

The performance reflects the performance of the corresponding Corporate Class Fund. All series of the Corporate Class Fund were merged into the corresponding series of the Fund on July 30, 2021. The Fund has received regulatory relief from the Canadian securities regulators in connection with a fund reorganization transaction to permit the performance of the corresponding Corporate Class Fund to be used by the Fund.

ESG Metric Definition

* - The MSCI ESG Rating for funds is designed to measure the resiliency of portfolios to long-term ESG risks and opportunities. The most highly rated funds consist of issuers with leading or improving management of key ESG risks. The ESG Ratings range from leader (AAA, AA), average (A, BBB, BB) to laggard (B, CCC).

The Weighted Average Carbon Intensity measures a fund's exposure to carbon intensive companies based on scope 1 and 2 emissions.
The percentage of fund's market values exposed to companies that generate revenue from sustainable impact solutions goods and services. Additionally, sustainable impact solutions revenue from companies with negative externalities are excluded.
The fund holdings weighted average of the percentage of board members who are women.
The percentage of portfolio's market value exposed to companies facing one or more Very Severe controversies related to the environment, customers, human rights, labor rights and governance.
The percentage of portfolio's market value exposed to companies involved in tobacco. This includes companies that derive more than 10% of revenue from tobacco.
The percentage of portfolio's market value exposed to companies with ties to cluster munitions, landmines, biological / chemical weapons, depleted uranium weapons, blinding laser weapons, incendiary weapons, and/or non-detectable fragments.
The percentage of portfolio's market value exposed to companies involved in gambling. This includes companies that derive more than 10% of revenue from gambling activities.
The percentage of portfolio's market value exposed to companies involved in adult entertainment. This includes companies that generate more than 10% of their revenue from adult entertainment activities.

Each Fund’s ESG characteristics and performance may differ from time to time. Each Fund’s MSCI ESG rating and Morningstar Sustainability Rating does not evaluate the ESG-related investment objectives of, or any ESG strategies used by, the Funds and is not indicative of how well ESG factors are integrated by the Fund. Other providers may also prepare fund-level ESG ratings using their own methodologies, which may differ from the methodologies used by Morningstar or MSCI as applicable. Please refer to the simplified prospectus for the Funds for further information about each Fund’s investment objectives and strategies

MSCI’s ESG Fund Ratings are meant to measure environmental, social and governance (ESG) characteristics of a fund’s constituents. MSCI uses a rating system, ranging from CCC (laggard) to AAA (leader), which considers individual holding scores, ESG momentum and ESG tail risk. The rating is determined based on a weighted average of the company-level ratings of the underlying holdings of the particular fund. These ratings are updated monthly. Under MSCI’s ESG Fund Ratings methodology, a portfolio must meet an eligibility criterion of at least 65% of assets under management covered to have a public rating. See the complete methodology here.

The Morningstar Sustainability Rating is a measure of how well a portfolio, and its holdings, are performing through an ESG issues lens in comparison to its peer group. Higher number of globes indicates that portfolio has lower ESG risks. The rating is determined based on a weighted average of the company-level ratings of the underlying holdings of the particular fund. Ratings are as follows: High = 5 globes, Above Average = 4 globes, Average = 3 globes, Below Average = 2 globes, Low = 1 globe. These ratings are updated monthly. We have reported ratings as of the beginning of January. Under Morningstar’s Sustainability Rating, a portfolio must have at least 67% of assets under management covered to have a public rating. See the complete methodology here.

Weighted Average Carbon Intensity (WACI), a carbon-intensity metric, measures a fund’s exposure to carbon-intensive companies expressed in tonnes of carbon dioxide equivalent (tCO2e) per million dollars US of revenue (USDM). This metric acts as a comparable between the fund and the benchmark, utilizing MSCI’s ESG Fund Ratings methodology Scope 1 and Scope 2 greenhouse gas emissions data. Under our internal methodology, at least 65% of a portfolio’s weight must be eligible and covered in order for the metric to be reported.

Board diversity (women) is demonstrated through company filings; depicted as the percentage of women on a company’s Board of Directors. Company filing is done on an annual basis. Under our internal methodology, at least 65% of a portfolio’s weight must be eligible and covered in order for the metric to be reported.

MSCI ESG Research LLC’s (“MSCI ESG”) Fund Metrics products (the “Information”) provide environmental, social and governance data with respect to underlying securities within more than 23,000 multi-asset class Mutual Funds and ETFs globally. MSCI ESG is a Registered Investment Adviser under the Investment Advisers Act of 1940. MSCI ESG materials have not been submitted to, nor received approval from, the US SEC or any other regulatory body. None of the Information constitutes an offer to buy or sell, or a promotion or recommendation of, any security, financial instrument or product or trading strategy, nor should it be taken as an indication or guarantee of any future performance, analysis, forecast or prediction. None of the Information can be used to determine which securities to buy or sell or when to buy or sell them. The Information is provided “as is” and the user of the Information assumes the entire risk of any use it may make or permit to be made of the Information.

© 2023 Morningstar. All Rights Reserved. The information contained herein: (1) is proprietary to Morningstar and/or its content providers; (2) may not be copied or distributed; and (3) is not warranted to be accurate, complete or timely. Neither Morningstar nor its content providers are responsible for any damages or losses arising from any use of this information. Past performance is no guarantee of future results