Canadian Gold Mutual Funds (May 23, 2005)

Close: May 17, 2005

Fund nameLastMay 10ChangeChangeYTDMER*Assets*

	($)	($)	($)	(%)	(%)	(%)	(M$)
AGF Pr Mtl	11.02	11.84	-0.82	-6.9	-19.4	2.73	202
Altamira Pr & Str Mtl	6.62	7.18	-0.56	-7.8	-17.6	2.66	49
BMO Pr Mtl	9.43	10.03	-0.60	-6.0	-13.9	2.46	31
CIBC Pr Mtl	8.05	8.58	-0.53	-6.2	-15.0	2.41	48
Dynamic Can Pr Mtl	2.49	2.70	-0.21	-7.8	-16.2	2.91	154
Dynamic Glo Pr Mtl	7.35	7.95	-0.60	-7.5	-19.4	4.78	29
iUnits S&P/TSE Can Gold	41.96	45.06	-3.10	-6.9	-18.8	0.55	418
London Life Pr Mtl (MX)	16.95	18.09	-1.14	-6.3	-14.8	3.43	17
Mackenzie Un Pr Mtl C$	9.40	9.95	-0.55	-5.5	-14.6	2.56	182
Mackenzie Un Pr Mtl US$	7.40	8.04	-0.64	-8.0	-19.1	2.56	n/a
Mackenzie Un Wld Pr Mtl Cap	25.45	26.82	-1.37	-5.1	-12.1	2.70	21
Millennium Bullion Fund	6.07	6.06	0.01	0.2	3.6	3.46	29
Quadrus Mack Un Pr Mtl	10.67	11.29	-0.62	-5.5	-14.7	2.89	7
RBC Pr Mtl	16.74	17.98	-1.24	-6.9	-18.7	2.13	302
Sentry Pr Mtl Growth	13.47	14.24	-0.77	-5.4	-8.2	2.40	3
Sprott Gold and Pr Minls	25.62	27.36	-1.74	-6.4	-18.5	2.82	269
TD Pr Mtl	21.90	23.42	-1.52	-6.5	-17.3	2.50	87

*as of April 30, 2005

Featured Fund: Dynamic Global Precious Metals fund’s top 10 holdings, as of March 31: Crystallex (9.0%); Alamos Gold (8.2%): Newcrest Mng (6.7%); Mundoro Mng (5.4%); Eldorado sp warrants (4.7%); Minas Buenaventura (4.3%); Red Back Mng (3.9%); Glamis Gold (3.6%); Adamus Res (3.3%); Ind Penoles (3.0%). Top 10 as % of total: 52%. Asset allocation: stock (100%). Fund manager: Robert Cohen.