I would be interested in knowing how many shares
Marquest still holds .
In their
Explorer Series Fund they had ~4.7 million as
of March 31st, 2014 To calculate that figure I used the value of the fund on that date ($18.3 million) x 2.55% and divided that by the value of FNC at closing on 3/31/2014 ($0.10) .
I can also tell you that
Marquest Asset Management Inc held ~10.8 million shares as of 11/20/2013. (
http://quote.morningstar.ca/Quicktakes/owners/MajorShareholders.aspx?t=FNC®ion=CAN&culture=en-CA ) I cannot tell you whether FNC was held by
Marquest over several different funds or merely in the
one fund.
Additionally, FNC was dropped off the Top 10 Holdings list for
that fund as of 5/23/2014. One cannot ascertain whether this reflects the fact that they sold FNC shares, or is due to the fact that FNC had dropped to $0.06 , or due to a combination of the two.
Fund Code(s): MIN100
Date Series Started: November 27,2007
Total Value of the Fund on March 31, 2014: $18.3 million
Management Expense Ratio (MER): 5.39%
Fund Manager: Marquest Asset Management Inc.
Portfolio Manager: Marquest Asset Management Inc.
Distributions: Annually, if any, December
Minimum Investment: $500; $100 for subsequent purchases
What does the fund invest in?
The fund invests in a diversified portfolio of primarily equity securities of Canadian mineral exploration and mining companies. The tables below give you a
snapshot of the fund’s investments on March 31, 2014. The fund’s investments will change.
Top 10 Investments (March 31, 2014)
1 Integra Gold 5.84%
2 Gold Reach Resources 3.14%
3 Nexgen Energy 3.01%
4 Forum Uranium 2.83%
5 Energizer Resources 2.76%
6 Appia Energy Rest 2.74%
7 Fancamp Exploration 2.55%
8 Lomiko Metals 2.48%
9 Commerce Resources Corp 2.43%
10 Alexandria Minerals 1.97%
The top 10 investments make up 29.75% of the fund.
Total Investments 66
