Canadian Gold Mutual Funds (May 16, 2005)

Close: May 10, 2005

Fund nameLastMay 2ChangeChangeYTDMER*Assets*

	($)	($)	($)	(%)	(%)	(%)	(M$)
AGF Pr Mtl	11.84	12.20	-0.36	-3.0	-13.4	2.73	202
Altamira Pr & Str Mtl	7.18	7.42	-0.24	-3.2	-10.6	2.66	49
BMO Pr Mtl	10.03	10.37	-0.34	-3.3	-8.4	2.46	31
CIBC Pr Mtl	8.58	9.02	-0.44	-4.9	-9.4	2.41	48
Dynamic Can Pr Mtl	2.70	2.81	-0.11	-3.9	-9.1	2.91	154
Dynamic Glo Pr Mtl	7.95	8.23	-0.28	-3.4	-12.8	4.78	29
iUnits S&P/TSE Can Gold	45.06	46.54	-1.48	-3.2	-12.8	0.55	418
London Life Pr Mtl (MX)	18.09	18.56	-0.47	-2.5	-9.1	3.43	17
Mackenzie Un Pr Mtl C$	9.95	10.29	-0.34	-3.3	-9.6	2.56	182
Mackenzie Un Pr Mtl US$	8.04	8.32	-0.28	-3.4	-12.1	2.56	n/a
Mackenzie Un Wld Pr Mtl Cap	26.82	27.54	-0.72	-2.6	-7.3	2.70	21
Millennium Bullion Fund	6.06	6.14	-0.08	-1.3	3.5	3.46	29
Quadrus Mack Un Pr Mtl	11.29	11.68	-0.39	-3.3	-9.7	2.89	7
RBC Pr Mtl	17.98	18.60	-0.62	-3.3	-12.6	2.13	302
Sentry Pr Mtl Growth	14.24	14.24	0.00	0.0	-2.9	2.40	3
Sprott Gold and Pr Minls	27.36	27.47	-0.11	-0.4	-12.9	2.82	269
TD Pr Mtl	23.42	24.13	-0.71	-2.9	-11.6	2.50	87

*as of April 30, 2005

Featured Fund: Dynamic Canadian Precious Metals fund’s top 10 holdings, as of March 31: Eldorado Gold (9.4%); Minas Buenaventura (8.3%): Newcrest Mng (6.8%); Crystallex (6.7%); Glamis Gold (6.1%); Canico Res (5.1%); Alamos Gold (4.8%); Placer Dome (4.4%); Nevsun Res (4.3%); Barrick (4.3%). Top 10 as % of total: 60%. Asset allocation: stock (100%). Fund manager: Robert Cohen.