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 May 31, 2017
Major holdings represent 40.8% of the fund.
View all holdings
Total # of
Equity Holdings
65
Holding name, country and sector Percentage of holding in fund
Citigroup Inc
United States | Diversified Banks
7.5%
American International Group Inc
United States | Multi-Line Insurance
6.2%
Bank of America Corp
United States | Diversified Banks
4.6%
Chesapeake Energy Corp
United States | Oil & Gas Exploration & Prod.
4.3%
Canfor Corp
Canada | Forest Products
3.6%
West Fraser Timber Co Ltd.
Canada | Forest Products
3.1%
Celestica Inc
Canada | Electronic Mfg Services
3.0%
Canadian Pacific Railway Ltd
Canada | Railroads
2.9%
Alimentation Couche-Tard Inc
Canada | Food Retail
2.9%
Teck Resources Ltd
Canada | Diversified Metals & Mining
2.8%

Complete Fund Holdings Help Full holdings list

As of February 28, 2017
Holding Name No. of Shares/Units Market Value CAD (000s) % of NAV
Agrium Inc. 20,400 2,612 1.2%
Akzo Nobel NV 883 79 0.0%
Alimentation Couche-Tard Inc. Class B Sub. voting 99,200 5,859 2.6%
American International Group Inc. 170,245 14,455 6.6%
Apache Corp. 13,180 921 0.4%
AXA SA 2,988 94 0.0%
Baidu Inc. ADR 10,081 2,332 1.0%
Bank of America Corp. 326,982 10,720 4.9%
Barclays PLC 40,893 153 0.1%
Barrick Gold Corp. 52,900 1,297 0.6%
BNP Paribas SA 1,583 123 0.1%
Boardwalk Real Estate Investment Trust 36,100 1,605 0.7%
Brookfield Property Partners LP 61,900 1,863 0.8%
Canadian Energy Services & Technology Corp. 211,765 1,586 0.7%
Canadian National Railway Co. 53,900 4,978 2.2%
Canadian Pacific Railway Ltd. 29,300 5,726 2.6%
Canfor Corp. 526,340 9,027 4.2%
Celestica Inc. Sub. voting 435,549 7,644 3.4%
Cenovus Energy Inc. 426,600 7,167 3.2%
Chesapeake Energy Corp. 272,252 1,971 0.9%
Chesapeake Energy Corp. 5.75% Conv. Pfd. 1,143 974 0.4%
Chesapeake Energy Corp. 5.75% Conv. Pfd. Series A Conv. @ $26.097 7,544 6,476 2.9%
China Mobile Ltd. ADR 1,077 79 0.0%
Citigroup Inc. 235,470 18,708 8.5%
CK Hutchison Holdings Ltd. 8,048 132 0.1%
Compagnie de Saint-Gobain 1,266 81 0.0%
CVS Health Corp. 15,010 1,607 0.7%
DAVITA Inc. 29,471 2,717 1.2%
Deere & Co. 7,356 1,070 0.5%
Deutsche Boerse AG 669 76 0.0%
Dundee Corp. Class A sub. voting 249,137 1,218 0.5%
E-L Financial Corp. Ltd. 7,747 5,748 2.6%
ECN Capital Corp. 397,900 1,409 0.6%
Empire Co. Ltd. Class A non-voting 77,141 1,291 0.6%
Enbridge Inc. 39,300 2,197 1.0%
Fairfax Financial Holdings Ltd. Sub. voting 4,171 2,494 1.1%
First Pacific Co. Ltd. 35,314 34 0.0%
GlaxoSmithKline PLC 3,657 99 0.0%
Goldcorp Inc. 58,100 1,223 0.5%
Granite Real Estate Investment Trust 107,728 4,955 2.2%
HCA Holdings Inc. 21,111 2,446 1.1%
Hitachi Ltd. 234,459 1,715 0.8%
Honda Motor Co. Ltd. 2,751 113 0.1%
HSBC Holdings PLC 9,039 96 0.0%
Industrial Alliance Insurance and Financial Services Inc. 22,200 1,224 0.6%
ING Groep NV 8,966 164 0.1%
International Business Machines Corp. 8,057 1,925 0.9%
iShares S&P/TSX 60 Capped Composite Index Fund 70,600 1,730 0.8%
Kinross Gold Corp. 160,500 751 0.3%
Komatsu Ltd. 3,147 101 0.0%
Linamar Corp. 26,500 1,563 0.7%
Loblaw Companies Ltd. 29,800 2,064 0.9%
Magna International Inc. 35,900 2,039 0.9%
McKesson Corp. 10,778 2,149 1.0%
Mediaset SPA 7,510 41 0.0%
Muenchener Rueckversicherungs - Gesellschaft AG (MunichRe) 270 68 0.0%
National Grid PLC 5,354 86 0.0%
Nokian Renkaat OYJ 687 36 0.0%
Novartis AG Reg. 17,882 1,854 0.8%
Oracle Corp. 39,200 2,218 1.0%
Orange SA 3,845 77 0.0%
POSCO 11,110 3,688 1.7%
POSCO ADR 1,245 103 0.0%
Potash Corp. of Saskatchewan Inc. 184,200 4,244 1.9%
Precision Drilling Corp. 869,811 5,906 2.7%
Rowan Companies Inc. 153,648 3,698 1.7%
Royal Dutch Shell PLC A 3,964 136 0.1%
Samsung Electronics Co. Ltd. 1,286 2,894 1.3%
Samsung Electronics Co. Ltd. GDR 94 106 0.0%
Sanofi 19,969 2,285 1.0%
ShawCor Ltd. 90,891 3,218 1.4%
Siemens AG 748 129 0.1%
SoftBank Group Corp. 1,213 120 0.1%
Standard Chartered PLC 7,391 88 0.0%
Teck Resources Ltd. Class B 246,523 6,545 2.9%
Tenaris SA 3,040 66 0.0%
Tenaris SA ADR 56,692 2,463 1.1%
Teva Pharmaceutical Industries Ltd. ADR 1,372 64 0.0%
The Goldman Sachs Group Inc. 7,203 2,373 1.1%
The Weir Group PLC 92,403 2,866 1.3%
Torstar Corp. Class B non-voting 1,124,071 1,900 0.9%
Total SA 1,521 101 0.0%
Twenty-First Century Fox Inc. 47,627 1,893 0.9%
UBS Group AG 5,717 117 0.1%
Union Pacific Corp. 15,583 2,234 1.0%
Valeant Pharmaceuticals International Inc. 63,494 1,213 0.5%
Vinci SA 890 85 0.0%
Vodafone Group PLC 10,341 34 0.0%
Wal-Mart Stores Inc. 17,906 1,687 0.8%
Wells Fargo & Co. 31,828 2,447 1.1%
West Fraser Timber Co. Ltd. 193,022 10,641 4.9%
WestJet Airlines Ltd. 80,596 1,757 0.8%
Total Investments -- 220,361 99.0%
Cash & Equivalents -- 2,034 0.9%
Currency Hedge Contracts -- 169 0.1%
Other Assets (Liabilities) -- -100 0.0%
Total Net Assets -- 222,464 100.0%

Asset Allocation (%) Help Holdings by region and sector

As of May 31, 2017
  • Regional Allocation
      Canada
    51.4%
      United States
    36.5%
      South Korea
    3.4%
      United Kingdom
    3.3%
      China
    1.2%
      Luxembourg
    1.1%
      France
    1.0%
      Switzerland
    0.9%
      Japan
    0.8%
      Cash & Equivalents 0.4%
  • Sector Allocation
      Financials 26.9%
      Materials 15.7%
      Energy 14.7%
      Industrials 10%
      Information Technology 8.4%
      Consumer Discretionary 6.4%
      Consumer Staples 5.6%
      Health Care 5.2%
      Real Estate 3.8%
      Pooled Funds 1.7%
      Other 1.2%
      Cash & Equivalents 0.4%

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.