Fund Portfolio – Mackenzie Canadian All Cap Value Fund Series A MFC2946 MFC3666 MFC7184 MFC4129 | Mackenzie Investments

Mackenzie Canadian All Cap Value Fund Series A

Asset Class: Canadian Equity

Major Holdings (%) Help Top holdings by percentage

As of February 28, 2017
Major holdings represent 39.3% of the fund.
View all holdings
Total # of
Equity Holdings
59
Holding name, country and sector Percentage of holding in fund
Bank of Nova Scotia/The
Canada | Diversified Banks
5.2%
Royal Bank of Canada
Canada | Diversified Banks
5.1%
Toronto-Dominion Bank/The
Canada | Diversified Banks
5.0%
Enbridge Inc
Canada | Oil & Gas Storage & Transport
4.7%
Canadian Imperial Bank of Commerce
Canada | Diversified Banks
4.3%
Canadian National Railway Co.
Canada | Railroads
3.8%
Vanguard Mid-Cap Value ETF
Other | Index Participation Units
2.9%
Bank of Montreal
Canada | Diversified Banks
2.9%
Manulife Financial Corp
Canada | Life & Health Insurance
2.8%
Canadian Pacific Railway Ltd
Canada | Railroads
2.7%

Complete Fund Holdings Help Full holdings list

As of December 31, 2016
Holding Name No. of Shares/Units Market Value CAD (000s) % of NAV
Agrium Inc. 120,600 16,276 1.7%
Alimentation Couche-Tard Inc. Class B Sub. voting 404,200 24,608 2.6%
ARC Resources Ltd. 341,480 7,892 0.8%
Bank of Montreal 368,982 35,633 3.8%
Barrick Gold Corp. 672,434 14,451 1.6%
Boardwalk Real Estate Investment Trust 151,400 7,366 0.8%
Brookfield Property Partners LP 519,217 15,229 1.6%
Bukit Energy Inc. Private Placement 500,000 500 0.1%
CAE Inc. 1,257,014 23,607 2.5%
Canaccord Genuity Group Inc. 1,049,800 5,008 0.5%
Canadian Energy Services & Technology Corp. 1,123,746 8,608 0.9%
Canadian Imperial Bank of Commerce 338,586 37,095 4.0%
Canadian National Railway Co. 415,200 37,517 4.0%
Canadian Natural Resources Ltd. 662,950 28,368 3.0%
Canadian Pacific Railway Ltd. 129,850 24,874 2.7%
Canadian Tire Corp. Ltd. Class A non-voting 117,773 16,402 1.8%
Canadian Western Bank 179,292 5,440 0.6%
Capital Power Corp. 562,296 13,062 1.4%
Cenovus Energy Inc. 436,762 8,866 1.0%
Corus Entertainment Inc. Class B non-voting 253,148 3,190 0.3%
Crescent Point Energy Corp. 247,200 4,511 0.5%
CT Real Estate Investment Trust 278,727 4,181 0.4%
Dorel Industries Inc. Class B Sub. voting 121,188 4,702 0.5%
Dream Office Real Estate Investment Trust 535,560 10,470 1.1%
ECN Capital Corp. 3,280,900 10,827 1.2%
Empire Co. Ltd. Class A non-voting 527,185 8,287 0.9%
Enbridge Inc. 791,107 44,698 4.8%
EnCana Corp. 386,430 6,090 0.7%
Genworth MI Canada Inc. 317,704 10,694 1.1%
Goldcorp Inc. 622,755 11,384 1.2%
Industrial Alliance Insurance and Financial Services Inc. 294,468 15,722 1.7%
Kinross Gold Corp. 603,000 2,527 0.3%
Laricina Energy Ltd. Private Placement 146,000 16 0.0%
Linamar Corp. 175,432 10,121 1.1%
Loblaw Companies Ltd. 263,000 18,631 2.0%
Magna International Inc. 355,094 20,702 2.2%
Manulife Financial Corp. 1,097,375 26,238 2.8%
Methanex Corp. 125,995 7,420 0.8%
Northland Power Inc. 777,007 18,104 1.9%
Potash Corp. of Saskatchewan Inc. 837,271 20,337 2.2%
Precision Drilling Corp. 670,300 4,907 0.5%
Rogers Communications Inc. Class B non-voting 248,315 12,860 1.4%
Royal Bank of Canada 499,771 45,414 4.9%
Savanna Energy Services Corp. 651,747 1,369 0.1%
ShawCor Ltd. 289,565 10,378 1.1%
SNC-Lavalin Group Inc. 197,100 11,390 1.2%
Sun Life Financial Inc. 455,383 23,475 2.5%
Suncor Energy Inc. 217,066 9,529 1.0%
Teck Resources Ltd. Class B 714,800 19,207 2.1%
TELUS Corp. 352,070 15,051 1.6%
The Bank of Nova Scotia 621,504 46,464 5.0%
The Toronto-Dominion Bank 722,105 47,818 5.4%
Tourmaline Oil Corp. 226,550 8,135 0.9%
TransAlta Corp. 1,702,101 12,647 1.4%
TransCanada Corp. 359,001 21,734 2.3%
Vanguard Mid-Cap Value ETF 196,600 25,673 2.8%
West Fraser Timber Co. Ltd. 95,659 4,593 0.5%
WestJet Airlines Ltd. 568,400 13,096 1.4%
Total Investments -- 923,394 99.2%
Cash & Equivalents -- 5,988 0.6%
Other Assets (Liabilities) -- 1,738 0.2%
Total Net Assets -- 931,120 100.0%

Asset Allocation (%) Help Holdings by region and sector

As of February 28, 2017
  • Regional Allocation
      Canada
    94.0%
      Other
    2.9%
      United States
    1.7%
      Cash & Equivalents 1.4%
  • Sector Allocation
      Financials 32.8%
      Energy 16.6%
      Industrials 11.9%
      Materials 10.3%
      Consumer Discretionary 6.1%
      Consumer Staples 5.9%
      Utilities 5%
      Real Estate 4%
      Telecommunication Serv. 3.1%
      Index Participation Units 2.9%
      Cash & Equivalents 1.4%

Other Canadian Equity Funds

Portfolio Managers

Hovig Moushian, MBA, CFA

Senior Vice President, Portfolio Manager, Head of Team

Mackenzie All Cap Value Team

Investment experience since 1996

William Aldridge, MBA, CFA

Vice President, Portfolio Manager

Mackenzie All Cap Value Team

Investment experience since 2002

Fund Risk Measures:
  • Annualized Standard Deviation: A measure of how widely returns varied over a period. A lower standard deviation means the returns of the fund have historically been less volatile and vice-versa. Standard deviation is a measure of historical risk; future risk may be different.
  • Annualized Standard Deviation Benchmark: A measure of how widely returns varied over a period. A lower standard deviation means the returns of the benchmark have historically been less volatile, and vice-versa.
  • Alpha: A measure of the difference between a portfolio's actual return and its expected return given its level of risk. Risk is measured by beta. A positive number indicates that it has performed better than beta would predict.
  • Beta: A measure of the tendency of the value of the fund and the value of the benchmark to move together. The market has a beta of 1. If beta of a fund is higher than 1, the movement in value compared to the benchmark tends to be amplified. A beta less than 1 means the movement in value tends to be dampened.
  • R2: A measure that represents the percentage of a fund's movements that can be attributed to movements of a benchmark index.
  • Sharpe Ratio: A measure of how much of a fund's excess return is achieved for a certain level of risk. The greater a fund's Sharpe Ratio, the higher the risk-adjusted returns.

Commissions, trailing commissions, management fees, brokerage fees and expenses may be associated with investment funds. Please read the prospectus before investing. The indicated rates of return are the historical annual compounded total returns including changes in unit value and reinvestment of all distributions and does not take into account sales, redemption, distribution, or optional charges or income taxes payable by any security holder that would have reduced returns. Investment funds are not guaranteed, their values change frequently and past performance may not be repeated.

For changes in the business, operations or affairs of an investment fund, and reorganization or acquisition of assets in an investment fund during the most recent 10 years that could have materially affected the performance of the investment fund, please refer to the "Major Changes During the Last 10 Years” section in the most recent Annual Information Form.

Mutual Fund US Dollar Settlement Option details.

Index performance does not include the impact of fees, commissions, and expenses that would be payable by investors in the investment products that seek to track an index.

The rate of return is used only to illustrate the effects of the compound growth rate and is not intended to reflect future values of the investment fund or asset allocation service or returns on investment in the investment fund or from the use of the asset allocation service.

* The S&P/TSX Composite Index is a capitalization-weighted index that represents some of the largest float-adjusted stocks trading on the Toronto Stock Exchange.

†The major holdings of the Fund may, but do not necessarily, represent the largest holdings of the Fund. Rather, the major holdings are selected for their overall significance in evaluating the investment portfolio. Please see mackenzieinvestments.com/currency to view the funds/products using currency derivatives to hedge exchange risk.