Fund Portfolio – Mackenzie Cundill Canadian Security Fund Series C MFC738 MFC838 MFC7049 MFC3178 | Mackenzie Investments

Mackenzie Cundill Canadian Security Fund Series C

Asset Class: Canadian Equity

Major Holdings (%) Help Top holdings by percentage

As of April 30, 2017
Major holdings represent 43.2% of the fund.
View all holdings
Total # of
Equity Holdings
63
Holding name, country and sector Percentage of holding in fund
Citigroup Inc
United States | Diversified Banks
7.7%
American International Group Inc
United States | Multi-Line Insurance
6.4%
Chesapeake Energy Corp
United States | Oil & Gas Exploration & Prod.
4.8%
Bank of America Corp
United States | Diversified Banks
4.7%
Celestica Inc
Canada | Electronic Mfg Services
3.9%
Canfor Corp
Canada | Forest Products
3.7%
West Fraser Timber Co Ltd.
Canada | Forest Products
3.2%
Teck Resources Ltd
Canada | Diversified Metals & Mining
3.2%
Alimentation Couche-Tard Inc
Canada | Food Retail
2.8%
Canadian Pacific Railway Ltd
Canada | Railroads
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. 83,000 10,628 1.2%
Akzo Nobel NV 3,575 318 0.0%
Alimentation Couche-Tard Inc. Class B Sub. voting 400,200 23,636 2.6%
American International Group Inc. 686,180 58,264 6.6%
Apache Corp. 53,539 3,740 0.4%
AXA SA 12,100 379 0.0%
Baidu Inc. ADR 41,190 9,527 1.1%
Bank of America Corp. 1,325,365 43,452 4.9%
Barclays PLC 165,616 618 0.1%
Barrick Gold Corp. 214,800 5,265 0.6%
BNP Paribas SA 6,412 497 0.1%
Boardwalk Real Estate Investment Trust 145,900 6,488 0.7%
Brookfield Property Partners LP 250,900 7,552 0.8%
Canadian Energy Services & Technology Corp. 859,984 6,441 0.7%
Canadian National Railway Co. 218,700 20,199 2.2%
Canadian Pacific Railway Ltd. 118,900 23,237 2.6%
Canfor Corp. 2,130,573 36,539 4.1%
Celestica Inc. Sub. voting 1,763,602 30,951 3.4%
Cenovus Energy Inc. 1,729,171 29,050 3.2%
Chesapeake Energy Corp. 1,097,327 7,944 0.9%
Chesapeake Energy Corp. 5.75% Conv. Pfd. 5,613 4,781 0.5%
Chesapeake Energy Corp. 5.75% Conv. Pfd. Series A Conv. @ $26.097 34,600 29,702 3.3%
China Mobile Ltd. ADR 4,360 320 0.0%
Citigroup Inc. 949,072 75,404 8.5%
CK Hutchison Holdings Ltd. 32,593 535 0.1%
Compagnie de Saint-Gobain 5,128 326 0.0%
CVS Health Corp. 60,843 6,513 0.7%
DAVITA Inc. 119,770 11,043 1.2%
Deere & Co. 30,087 4,376 0.5%
Deutsche Boerse AG 2,708 308 0.0%
Dundee Corp. Class A sub. voting 1,011,593 4,947 0.6%
E-L Financial Corp. Ltd. 31,201 23,151 2.6%
ECN Capital Corp. 1,604,600 5,680 0.6%
Empire Co. Ltd. Class A non-voting 311,098 5,205 0.6%
Enbridge Inc. 159,400 8,910 1.0%
Fairfax Financial Holdings Ltd. Sub. voting 16,765 10,025 1.1%
First Pacific Co. Ltd. 143,021 139 0.0%
GlaxoSmithKline PLC 14,810 402 0.0%
Goldcorp Inc. 236,100 4,970 0.6%
Granite Real Estate Investment Trust 485,343 22,326 2.5%
HCA Holdings Inc. 86,403 10,013 1.1%
Hitachi Ltd. 959,808 7,019 0.8%
Honda Motor Co. Ltd. 11,140 459 0.1%
HSBC Holdings PLC 36,609 390 0.0%
Industrial Alliance Insurance and Financial Services Inc. 90,500 4,989 0.6%
ING Groep NV 36,311 665 0.1%
International Business Machines Corp. 32,822 7,840 0.9%
Kinross Gold Corp. 650,700 3,045 0.3%
Komatsu Ltd. 12,745 408 0.0%
Linamar Corp. 107,600 6,346 0.7%
Loblaw Companies Ltd. 120,900 8,374 0.9%
Magna International Inc. 145,900 8,286 0.9%
McKesson Corp. 44,147 8,804 1.0%
Mediaset SPA 30,416 166 0.0%
Muenchener Rueckversicherungs - Gesellschaft AG (MunichRe) 1,095 275 0.0%
National Grid PLC 21,683 349 0.0%
Nokian Renkaat OYJ 2,783 145 0.0%
Novartis AG Reg. 72,519 7,518 0.8%
Oracle Corp. 159,330 9,014 1.0%
Orange SA 15,572 313 0.0%
POSCO 45,054 14,957 1.7%
POSCO ADR 5,043 416 0.0%
Potash Corp. of Saskatchewan Inc. 742,600 17,110 1.9%
Precision Drilling Corp. 3,523,979 23,928 2.7%
Rowan Companies Inc. 623,914 15,017 1.7%
Royal Dutch Shell PLC A 16,052 550 0.1%
Samsung Electronics Co. Ltd. 5,258 11,834 1.3%
Samsung Electronics Co. Ltd. GDR 381 429 0.0%
Sanofi 81,012 9,271 1.0%
ShawCor Ltd. 368,508 13,045 1.5%
Siemens AG 3,029 523 0.1%
SoftBank Group Corp. 4,913 486 0.1%
Standard Chartered PLC 29,934 356 0.0%
Teck Resources Ltd. Class B 998,488 26,510 2.9%
Tenaris SA 12,314 269 0.0%
Tenaris SA ADR 230,400 10,011 1.1%
Teva Pharmaceutical Industries Ltd. ADR 5,555 258 0.0%
The Goldman Sachs Group Inc. 29,492 9,718 1.1%
The Weir Group PLC 372,445 11,553 1.3%
Torstar Corp. Class B non-voting 4,563,416 7,712 0.9%
Total SA 6,159 408 0.0%
Twenty-First Century Fox Inc. 193,528 7,692 0.9%
UBS Group AG 23,156 474 0.1%
Union Pacific Corp. 63,839 9,153 1.0%
Valeant Pharmaceuticals International Inc. 258,138 4,931 0.5%
Vinci SA 3,603 345 0.0%
Vodafone Group PLC 41,882 139 0.0%
Wal-Mart Stores Inc. 72,619 6,842 0.8%
Wells Fargo & Co. 129,071 9,924 1.1%
West Fraser Timber Co. Ltd. 780,600 43,034 4.8%
WestJet Airlines Ltd. 325,086 7,087 0.8%
Total Investments -- 892,188 99.2%
Cash & Equivalents -- 8,396 0.9%
Currency Hedge Contracts -- 758 0.1%
Other Assets (Liabilities) -- -2,192 -0.2%
Total Net Assets -- 899,150 100.0%

Asset Allocation (%) Help Holdings by region and sector

As of April 30, 2017
  • Regional Allocation
      Canada
    51.0%
      United States
    38.5%
      South Korea
    3.2%
      United Kingdom
    2.5%
      France
    1.1%
      China
    1.1%
      Luxembourg
    1.1%
      Switzerland
    0.8%
      Japan
    0.7%
  • Sector Allocation
      Financials 27.2%
      Materials 16.3%
      Energy 15.5%
      Industrials 9.8%
      Information Technology 9.2%
      Consumer Staples 6.4%
      Health Care 5.1%
      Consumer Discretionary 4.5%
      Real Estate 4.3%
      Other 1.7%

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.

The Mackenzie Cundill Canadian Security Fund - Series C is available to investors for new purchases and transfers in. Series A and B are closed to new investment.

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.