Fund Portfolio – Mackenzie Cundill Canadian Security Class Series A MFC1596 MFC1852 MFC7115 MFC2162 | Mackenzie Investments

Mackenzie Cundill Canadian Security Class Series A

Asset Class: Canadian Equity

Major Holdings (%) Help Top holdings by percentage

As of August 31, 2017
Major holdings represent 37% of the fund.
View all holdings
Total # of
Equity Holdings
67
Holding name, country and sector Percentage of holding in fund
Citigroup Inc
United States | Diversified Banks
6.3%
Bank of America Corp
United States | Diversified Banks
5.0%
American International Group Inc
United States | Multi-Line Insurance
4.8%
Chesapeake Energy Corp
United States | Oil & Gas Exploration & Prod.
3.6%
Teck Resources Ltd
Canada | Diversified Metals & Mining
3.3%
Alimentation Couche-Tard Inc
Canada | Food Retail
3.0%
Canadian Pacific Railway Ltd
Canada | Railroads
2.9%
E-L Financial Corp Ltd
Canada | Life & Health Insurance
2.9%
Canadian National Railway Co.
Canada | Railroads
2.8%
Canfor Corp
Canada | Forest Products
2.7%

Complete Fund Holdings Help Full holdings list

As of July 31, 2017
Holding Name No. of Shares/Units Market Value CAD (000s) % of NAV
Agrium Inc. 20,800 2,595 1.3%
Alimentation Couche-Tard Inc. Class B Sub. voting 100,500 5,942 2.9%
American International Group Inc. 131,574 10,729 5.2%
Apache Corp. 13,380 825 0.4%
Baidu Inc. ADR 10,137 2,859 1.4%
Bank of America Corp. 333,082 10,009 4.8%
Barclays PLC 912,067 3,044 1.5%
Barrick Gold Corp. 53,900 1,136 0.6%
Boardwalk Real Estate Investment Trust 37,180 1,778 0.9%
BorgWarner Inc. 20,919 1,218 0.6%
Brookfield Property Partners LP 63,000 1,877 0.9%
Canadian National Railway Co. 54,900 5,409 2.6%
Canadian Pacific Railway Ltd. 29,800 5,817 2.8%
Canfor Corp. 269,940 5,647 2.7%
Celestica Inc. Sub. voting 344,149 5,100 2.5%
Cenovus Energy Inc. 434,600 4,550 2.2%
CES Energy Solutions Corp. 216,065 1,376 0.7%
Chesapeake Energy Corp. 275,752 1,704 0.8%
Chesapeake Energy Corp. 5.75% Conv. Pfd. 1,143 847 0.4%
Chesapeake Energy Corp. 5.75% Conv. Pfd. Series A Conv. @ $26.097 7,544 5,592 2.7%
Citigroup Inc. 147,431 12,573 5.9%
CVS Health Corp. 15,210 1,515 0.7%
DAVITA Inc. 30,071 2,427 1.2%
Dundee Corp. Class A sub. voting 254,237 679 0.3%
E-L Financial Corp. Ltd. 6,847 5,765 2.8%
ECN Capital Corp. 542,400 2,148 1.0%
Empire Co. Ltd. Class A non-voting 107,341 2,175 1.1%
Enbridge Inc. 60,700 3,137 1.5%
Fairfax Financial Holdings Ltd. Sub. voting 4,171 2,480 1.2%
Fiat Chrysler Automobiles NV 147,777 2,223 1.1%
GEDI Gruppo Editoriale SPA 5,957 7 0.0%
Goldcorp Inc. 59,300 971 0.5%
Granite Real Estate Investment Trust 85,528 4,293 2.1%
HCA Holdings Inc. 18,998 1,902 0.9%
Hitachi Ltd. 221,400 1,901 0.9%
Hudson's Bay Co. 253,800 2,708 1.3%
Industrial Alliance Insurance and Financial Services Inc. 22,700 1,313 0.6%
International Business Machines Corp. 8,157 1,470 0.7%
iShares S&P/TSX 60 Capped Composite Index Fund 41,600 1,000 0.5%
Kinross Gold Corp. 163,500 840 0.4%
Liberty Global PLC Class A 99,843 4,212 2.0%
Linamar Corp. 39,700 2,713 1.3%
Loblaw Companies Ltd. 37,700 2,560 1.2%
Mackenzie Cundill International Fund Series R 340,000 3,553 1.7%
Magna International Inc. 36,600 2,176 1.1%
McKesson Corp. 4,833 975 0.5%
Nielsen Holdings PLC 41,374 2,217 1.1%
Novartis AG Reg. 17,018 1,807 0.9%
Oracle Corp. 17,108 1,064 0.5%
POSCO 7,935 2,931 1.4%
Potash Corp. of Saskatchewan Inc. 186,600 4,161 2.0%
Precision Drilling Corp. 885,711 3,206 1.6%
Rowan Companies Inc. 156,748 2,279 1.1%
Samsung Electronics Co. Ltd. 1,286 3,448 1.7%
Sanofi 16,504 1,964 1.0%
ShawCor Ltd. 113,091 3,160 1.5%
Standard Chartered PLC 161,740 2,252 1.1%
Teck Resources Ltd. Class B 250,923 6,790 3.3%
Tenaris SA ADR 57,892 2,275 1.1%
The Goldman Sachs Group Inc. 7,403 2,078 1.0%
The Weir Group PLC 93,028 2,805 1.4%
Torstar Corp. Class B non-voting 1,146,971 1,675 0.8%
TransAlta Corp. 117,365 954 0.5%
Twenty-First Century Fox Inc. 88,670 3,215 1.6%
Union Pacific Corp. 10,799 1,385 0.7%
Wells Fargo & Co. 32,428 2,179 1.1%
West Fraser Timber Co. Ltd. 72,587 4,809 2.3%
WestJet Airlines Ltd. 98,396 2,445 1.2%
Total Investments -- 204,869 99.3%
Cash & Equivalents -- 1,315 0.6%
Currency Hedge Contracts -- 861 0.4%
Other Assets (Liabilities) -- -572 -0.3%
Total Net Assets -- 206,473 100.0%

Asset Allocation (%) Help Holdings by region and sector

As of August 31, 2017
  • Regional Allocation
      Canada
    51.6%
      United States
    32.0%
      United Kingdom
    7.5%
      South Korea
    2.7%
      China
    1.2%
      Luxembourg
    1.0%
      France
    1.0%
      Japan
    1.0%
      Switzerland
    0.9%
      Cash & Equivalents 1.1%
  • Sector Allocation
      Financials 26.4%
      Materials 14%
      Energy 12.9%
      Consumer Discretionary 10.5%
      Industrials 9.8%
      Information Technology 7.5%
      Consumer Staples 6.1%
      Real Estate 4.7%
      Health Care 4.4%
      Pooled Funds 1.7%
      Cash & Equivalents 1.1%
      Other 0.9%

Other Canadian Equity Funds

Portfolio Managers

Jonathan Norwood, MBA, CFA

Senior Vice President, Investment Management, Portfolio Manager

Mackenzie Cundill Team

Investment experience since 1998

Richard Wong, CFA

Senior Vice President, Investment Management, Portfolio Manager

Mackenzie Cundill Team

Investment experience since 1994

William Aldridge, MBA, CFA

Vice President, Portfolio Manager

Mackenzie All Cap Value Team

Investment experience since 2002

Note: USD option is capped to new purchases.

Effective September 29, 2016, Mackenzie Investments will no longer permit purchases of securities in Series O, O6, PWX, and PWX8  in the Corporate Class version of this fund.

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 blended index is composed of 60% S&P/TSX Composite Index, 30% S&P 500 Index and 10% MSCI EAFE Index.

†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.