7 Largest Gold Fund Holdings Update - November 2021 and Attribution Analysis This report details the most recent portfolio holdings for the 7 largest Precious Metal Managed Funds (as released in annual and/or semi-annual reports) and summarizes changes in portfolio holdings. Only the 7 largest funds have been analyzed here. Funds included in this report are: Attribution Summary: BlackRock Global Funds World Gold Fund – Based in Luxembourg, this is the world’s largest gold fund by AUM. The fund managed $5,784,521,819 USD in net assets as of Feb 2021. This is a slight decrease in AUM from the $7,362,416,769 USD reported in Aug 2020. Notable new additions to the fund during the period include: Dundee Precious Metals Inc., Great Bear Resources Ltd. and Skeena Resources Ltd. First Eagle Gold Fund – During the period Oct 2020-Apr 2021 the fund increased position sizes in 3 companies: Wheaton Precious Metals Corp., Fresnillo PLC and Orla Mining Ltd. Invesco Oppenheimer Gold & Special Minerals Fund – In a span of 4 months, Apr-Jul 2021, the fund added 10 new positions and disposed of 11 companies from the portfolio. Notable new additions include: Canada Nickel Co., Inc., Canada Silver Cobalt Works, Inc. and Zijin Mining Group Co. Ltd. Fidelity Select Gold – Between Aug-Oct 2021 the fund decreased its holdings in US domestic equities by 1.2% and emerging markets by 0.7%. The fund increased its holdings in developed markets by 2.3%. Sun Valley Gold LLC – Between reporting dates of Feb-May 2021, the fund added 3 new positions to its list of investments: Silvercrest Metals Inc., IAMGOLD Corp. and SPDR Gold Trust. The summary below outlines which companies have been added, and are new, to a given portfolio and which companies have been sold from, and are no longer held by, a given portfolio. Invesco Gold & Special Minerals Fund (Jul, 2021) | | Fidelity Select Gold Fund (Oct, 2021) | ADDED | DROPPED | | ADDED | DROPPED | Aeris Resources Ltd. | E2 Metals Ltd. | | Hecla Mining Co. | Calibre Mining Corp. | Rumble Resources Ltd. | Sunrise Energy Metals Ltd. | | | Endeavour Mining PLC | Endeavour Mining PLC | Vulcan Energy Resources Ltd. | | | Major Drilling Group Intl Inc | Arizona Metals Corp. | Wheaton Precious Metals Corp. | | | | Canada Nickel Co., Inc. | Abaxx Technologies Inc. | | Sun Valley Gold LLC (May, 2021) | Canada Silver Cobalt Works, Inc. | Battle North Gold Corp. | | ADDED | DROPPED | Triple Flag Precious Metals Corp. | GT Gold Corp. | | Silvercrest Metals Inc. | | Wheaton Precious Metals Corp. | Roxgold Inc. | | IAMGOLD Corp. | | Zijin Mining Group Co. Ltd. | Endeavor Mining Corp. | | SPDR Gold Trust | | Piedmont Lithium, Inc. | Greatland Gold PLC | | | | | Perpetua Resources Corp. | | Sprott Gold Equity Fund (Sep, 2021) | | | | ADDED | DROPPED | | | | Anglogold Ashanti Ltd. | Premier Gold Mines Ltd. | BlackRock Global Funds World Gold Fund (Feb, 2021) | | | Rockhaven Resources Ltd. | ADDED | DROPPED | | | | Castile Resources Ltd. | Gold Road Resources Ltd. | | Franklin Gold & Precious Metals Fund (Oct, 2021) | Dundee Precious Metals Inc. | Saracen Mineral Holdings Ltd. | | ADDED | DROPPED | Eldorado Gold Corp. | Westgold Resources Ltd. | | Arizona Metals Corp. | | Great Bear Resources Ltd. | Alacer Gold Corp. | | Bellevue Gold Ltd. | | Lundin Gold Inc. | Vysochajshiy OAO | | Nevada Exploration Inc | | Skeena Resources Ltd. | | | First Mining Gold Corp. | | Freeport-McMoRan Inc. | | | K92 Mining Inc. | | A complete list of Precious Metal Managed Funds and their respective portfolio holdings can be found at: | |