Canadian Gold Mutual Funds (May 02, 2005)

Close: April 25, 2005

Fund nameLastApr. 19ChangeChangeYTDMER*Assets*

($)($)($)(%)(%)(%)(M$)

AGF Pr Mtl12.2011.760.443.7-10.82.73221

Altamira Pr & Str Mtl7.427.070.355.0-7.62.6655

BMO Pr Mtl10.3710.130.242.4-5.32.4633

CIBC Pr Mtl9.028.760.263.0-4.82.4154

Dynamic Can Pr Mtl2.812.750.062.2-5.42.91166

Dynamic Glo Pr Mtl8.238.050.182.2-9.84.7831

iUnits S&P/TSE Can Gold46.5445.790.751.6-9.90.55432

London Life Pr Mtl (MX)18.5618.060.502.8-6.83.4321

Mackenzie Un Pr Mtl C$10.2910.070.222.2-6.52.56200

Mackenzie Un Pr Mtl US$8.328.030.293.6-9.12.56n/a

Mackenzie Un Wld Pr Mtl Cap27.5426.740.803.0-4.92.7024

Millennium Bullion Fund6.146.070.071.24.83.4629

Quadrus Mack Un Pr Mtl11.6811.370.312.7-6.62.897

RBC Pr Mtl18.6018.020.583.2-9.62.13335

Sentry Pr Mtl Growth14.2413.550.695.1-2.92.403

Sprott Gold and Pr Minls27.4726.600.873.3-12.62.82287

TD Pr Mtl24.1323.470.662.8-8.92.5096

*as of March 31, 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.