Asset allocation
Distribution
| Type | % Net assets | % Short | % Long |
|---|---|---|---|
| Non-US stock | 64.84% | 0.00% | 64.84% |
| US stock | 24.42% | 0.00% | 24.42% |
| Cash | 0.56% | 0.00% | 0.56% |
| US bond | 0.00% | 0.00% | 0.00% |
| Non-US bond | 0.00% | 0.00% | 0.00% |
| Other | 10.18% | 0.00% | 10.18% |
As of Dec 31 2025
Weightings
Sectors
- Sectors
- Regions
| Sector | % Net assets | Category average |
|---|---|---|
| Basic Materials | 88.70% | 94.12% |
| Other | 0.00% | 5.81% |
| Consumer Defensive | 0.00% | 0.07% |
As of Dec 31 2025. Sectors weighting is calculated using only long position holdings of the portfolio.
Top 10 holdings
| Top 10 holdings as a per cent of portfolio | |||
|---|---|---|---|
| 44.94% | 48.42% | 0.00% | 48.42% |
| Category average | % Net assets | % Short | % Long |
| Company | 1 year change | Portfolio weight | Long allocation |
|---|---|---|---|
| Newmont Corporation NEM:NYQ | +156.95% | 7.21% | |
| Agnico Eagle Mines Ltd AEM:TOR | +89.90% | 6.37% | |
| Freeport-McMoRan Inc FCX:NYQ | +63.31% | 6.11% | |
| Barrick Mining Corp ABX:TOR | +150.91% | 5.95% | |
| Wheaton Precious Metals Corp WPM:TOR | +94.27% | 5.05% | |
| Anglogold Ashanti PLC AU:NYQ | +230.00% | 3.99% | |
| Gold Fields Ltd 0IYR:LSE | +186.90% | 3.73% | |
| Kinross Gold Corp K:TOR | +156.95% | 3.59% | |
| Pan American Silver Corp PAAS:TOR | +112.50% | 3.27% | |
| Franco-Nevada Corp FNV:TOR | +56.66% | 3.15% | |
| Per cent of portfolio in top 10 holdings: 48.42% |
