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 August 31, 2017
Major holdings represent 37.3% of the fund.
View all holdings
Total # of
Equity Holdings
66
Holding name, country and sector Percentage of holding in fund
Citigroup Inc
United States | Diversified Banks
6.2%
Bank of America Corp
United States | Diversified Banks
4.9%
American International Group Inc
United States | Multi-Line Insurance
4.7%
Chesapeake Energy Corp
United States | Oil & Gas Exploration & Prod.
4.0%
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
2.8%
Canadian National Railway Co.
Canada | Railroads
2.8%
Canfor Corp
Canada | Forest Products
2.6%

Complete Fund Holdings Help Full holdings list

As of June 30, 2017
Holding Name No. of Shares/Units Market Value CAD (000s) % of NAV
Agrium Inc. 83,000 9,755 1.2%
Alimentation Couche-Tard Inc. Class B Sub. voting 400,200 24,876 3.0%
American International Group Inc. 523,782 42,458 5.1%
Apache Corp. 53,539 3,327 0.4%
Baidu Inc. ADR 40,605 9,416 1.1%
Bank of America Corp. 1,325,365 41,688 5.0%
Barclays PLC 3,624,764 12,406 1.5%
Barrick Gold Corp. 214,800 4,431 0.5%
Boardwalk Real Estate Investment Trust 148,190 7,046 0.8%
BorgWarner Inc. 83,538 4,588 0.6%
Brookfield Property Partners LP 250,900 7,698 0.9%
Canadian National Railway Co. 218,700 23,012 2.8%
Canadian Pacific Railway Ltd. 118,900 24,808 3.0%
Canfor Corp. 1,338,709 26,225 3.2%
Celestica Inc. Sub. voting 1,369,302 24,127 2.9%
Cenovus Energy Inc. 1,729,171 16,531 2.0%
CES Energy Solutions Corp. 859,984 4,971 0.6%
Chesapeake Energy Corp. 1,097,327 7,071 0.8%
Chesapeake Energy Corp. 5.75% Conv. Pfd. 5,613 4,389 0.5%
Chesapeake Energy Corp. 5.75% Conv. Pfd. Series A Conv. @ $26.097 34,600 26,664 3.2%
Citigroup Inc. 654,460 56,750 6.9%
CVS Health Corp. 60,843 6,347 0.8%
DAVITA Inc. 119,770 10,056 1.2%
Dundee Corp. Class A sub. voting 1,011,593 2,883 0.3%
E-L Financial Corp. Ltd. 27,901 23,576 2.8%
ECN Capital Corp. 2,158,000 8,632 1.0%
Empire Co. Ltd. Class A non-voting 427,198 9,450 1.1%
Enbridge Inc. 241,500 12,476 1.5%
Fairfax Financial Holdings Ltd. Sub. voting 16,765 9,422 1.1%
Fiat Chrysler Automobiles NV 590,049 8,061 1.0%
Goldcorp Inc. 236,100 3,948 0.5%
Granite Real Estate Investment Trust 342,943 17,590 2.1%
HCA Holdings Inc. 75,734 8,562 1.0%
Hitachi Ltd. 881,000 7,000 0.8%
Hudson's Bay Co. 955,694 11,057 1.3%
Industrial Alliance Insurance and Financial Services Inc. 90,500 5,092 0.6%
International Business Machines Corp. 32,822 6,546 0.8%
Kinross Gold Corp. 650,700 3,429 0.4%
Liberty Global PLC Class A 303,283 12,630 1.5%
Linamar Corp. 158,200 10,112 1.2%
Loblaw Companies Ltd. 120,900 8,722 1.0%
Mackenzie Cundill International Fund Series R 1,377,000 14,275 1.7%
Magna International Inc. 145,900 8,764 1.1%
McKesson Corp. 18,858 4,023 0.5%
Nielsen Holdings PLC 164,671 8,254 1.0%
Novartis AG Reg. 67,807 7,313 0.9%
Oracle Corp. 104,130 6,769 0.8%
POSCO 45,054 14,641 1.8%
Potash Corp. of Saskatchewan Inc. 742,600 15,706 1.9%
Precision Drilling Corp. 3,523,979 15,611 1.9%
Rowan Companies Inc. 623,914 8,283 1.0%
Samsung Electronics Co. Ltd. 5,258 14,152 1.7%
Sanofi 65,907 8,171 1.0%
ShawCor Ltd. 368,508 9,758 1.2%
Standard Chartered PLC 645,799 8,473 1.0%
Teck Resources Ltd. Class B 998,488 22,446 2.7%
Tenaris SA ADR 230,400 9,302 1.1%
The Goldman Sachs Group Inc. 29,492 8,485 1.0%
The Weir Group PLC 370,116 10,815 1.3%
Torstar Corp. Class B non-voting 4,563,416 6,799 0.8%
TransAlta Corp. 465,161 3,856 0.5%
Twenty-First Century Fox Inc. 352,896 12,967 1.6%
Union Pacific Corp. 58,555 8,268 1.0%
Wells Fargo & Co. 129,071 9,273 1.1%
West Fraser Timber Co. Ltd. 362,872 22,273 2.7%
WestJet Airlines Ltd. 391,586 9,065 1.1%
Total Investments -- 835,570 100.4%
Cash & Equivalents -- 110 0.0%
Currency Hedge Contracts -- 2,555 0.3%
Other Assets (Liabilities) -- -5,827 -0.7%
Total Net Assets -- 832,408 100.0%

Asset Allocation (%) Help Holdings by region and sector

As of August 31, 2017
  • Regional Allocation
      Canada
    51.1%
      United States
    32.8%
      United Kingdom
    7.5%
      South Korea
    2.8%
      China
    1.1%
      France
    1.0%
      Luxembourg
    1.0%
      Switzerland
    0.9%
      Japan
    0.9%
      Cash & Equivalents 0.9%
  • Sector Allocation
      Financials 26.1%
      Materials 14%
      Energy 13.3%
      Consumer Discretionary 10.5%
      Industrials 10%
      Information Technology 7.8%
      Consumer Staples 6.1%
      Real Estate 4.7%
      Health Care 4.4%
      Pooled Funds 1.8%
      Cash & Equivalents 0.9%
      Utilities 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.

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.