(As of 11/30/2025)

Marquest Explorer Series A/Rollover

(Natural Resources Equity)
Inception Return
(3/31/2005)
-9.88 %
YTD Return 103.79 %
NAVPS
(12/24/2025)
$1.11
Change ($0.01) / -1.10 %
Growth of $10,000 (As of November 30, 2025)
MER 8.15 %
Assets ($mil) $10.30
Rank (1Yr) 4/109
Std Dev (3Yr) 44.77 %
Volatility Ranking (3Yr) 10/10
RRSP Eligibility Yes
Load Back Fee Only
Max Front End 5.00 %
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

Glenn Drodge, Marquest Asset Management Inc.

Sub-Advisor
-
 
Asset Allocation
(As of November 30, 2025)
Sector Allocation
(As of November 30, 2025)
Geographic Allocation
(As of November 30, 2025)
Top 10 Holdings
NameAssetSectorGeographicPercent
Iamgold CorpCanadian EquityBasic MaterialsCanada5.97%
Lundin Mining CorpCanadian EquityBasic MaterialsCanada5.89%
Sitka Gold CorpCanadian EquityBasic MaterialsCanada5.88%
Juggernaut Exploration LtdCanadian EquityBasic MaterialsCanada5.55%
Barrick Mining CorpCanadian EquityBasic MaterialsCanada5.27%
Cash & EquivalentsCash and EquivalentsCash and Cash EquivalentCanada5.16%
Kinross Gold CorpCanadian EquityBasic MaterialsCanada4.98%
First Quantum Minerals LtdCanadian EquityBasic MaterialsCanada4.75%
Agnico Eagle Mines LtdCanadian EquityBasic MaterialsCanada4.40%
Eldorado Gold CorpCanadian EquityBasic MaterialsCanada4.36%

Performance Data (As of November 30, 2025)
  Return (%) Annualized Return (%)
Return 1 Mth 3 Mth 6 Mth YTD 1 Yr 3 Yr 5 Yr 10 Yr
Fund 3.03 32.17 70.28 103.79 82.79 19.33 6.88 12.61
Benchmark 9.29 18.56 35.79 51.27 43.86 19.69 20.03 11.53
Quartile Ranking 3 1 1 1 1 1 4 2

Calendar Return (%) 2024 2023 2022 2021 2020 2019 2018 2017 2016 2015
Fund 27.90 -33.77 -38.57 11.41 116.96 -6.74 -26.66 21.05 56.68 -47.47
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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