(As of 9/30/2025)

Marquest Explorer Series Fund - Series F MIN011

(Natural Resources Equity)
Inception Return
(12/3/2007)
-12.14 %
YTD Return 86.07 %
NAVPS
(10/29/2025)
$1.06
Change $0.01 / 0.57 %
Growth of $10,000 (As of September 30, 2025)
MER 7.10 %
Assets ($mil) -
Rank (1Yr) 6/109
Std Dev (3Yr) 44.75 %
Volatility Ranking (3Yr) 10/10
RRSP Eligibility Yes
Load Back Fee Only
Max Front End 2.00 %
Max Back End -
Sales Status Open
 
Objective
The fundamental investment objective of the Explorer Series Fund is to seek long-term capital growth by investing in a diversified portfolio of primarily equity securities of Canadian mineral exploration and mining companies. Any change in the Explorer Series Fund’s fundamental investment objectives (that do not require a change to the Multi Series Fund constating documents) must be approved by a majority of the votes cast by holders of Explorer Series Shares at a meeting to consider the change.
Fund Manager

Marquest Asset Management Inc.

Portfolio Manager

Gerry Brockelsby, Marquest Asset Management Inc.

Alice Tsang, Marquest Asset Management Inc.

Sub-Advisor
-
 
Asset Allocation
(As of September 30, 2025)
Sector Allocation
(As of September 30, 2025)
Geographic Allocation
(As of September 30, 2025)
Top 10 Holdings
NameAssetSectorGeographicPercent
Sitka Gold Corp. WT3 (11/22/2025 @ $0.36)Canadian EquityBasic MaterialsCanada6.58%
Iamgold CorpCanadian EquityBasic MaterialsCanada5.83%
Cash & EquivalentsCash and EquivalentsCash and Cash EquivalentCanada5.64%
First Quantum Minerals LtdCanadian EquityBasic MaterialsCanada5.60%
Lundin Mining CorpCanadian EquityBasic MaterialsCanada5.58%
Fortune Minerals LtdCanadian EquityBasic MaterialsCanada5.27%
Kinross Gold CorpCanadian EquityBasic MaterialsCanada5.20%
Agnico Eagle Mines LtdCanadian EquityBasic MaterialsCanada5.04%
Wheaton Precious Metals CorpCanadian EquityBasic MaterialsCanada5.03%
Barrick Mining CorpCanadian EquityBasic MaterialsCanada4.92%

Performance Data (As of September 30, 2025)
  Return (%) Annualized Return (%)
Return 1 Mth 3 Mth 6 Mth YTD 1 Yr 3 Yr 5 Yr 10 Yr
Fund 19.79 41.06 50.92 86.07 65.84 16.27 5.90 11.39
Benchmark 11.75 24.16 29.07 42.58 42.70 22.14 19.38 11.35
Quartile Ranking 1 1 1 1 1 3 4 3

Calendar Return (%) 2024 2023 2022 2021 2020 2019 2018 2017 2016 2015
Fund 28.61 -33.15 -37.79 12.97 121.75 -6.29 -26.62 22.65 54.63 -44.20
Benchmark 19.24 -0.78 12.86 21.57 -7.01 20.06 -15.86 -1.69 36.74 -23.78
Quartile Ranking 1 4 4 4 1 4 4 1 1 4

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