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 February 28, 2017
Major holdings represent 45.6% of the fund.
View all holdings
Total # of
Equity Holdings
91
Holding name, country and sector Percentage of holding in fund
Citigroup Inc
United States | Diversified Banks
8.4%
American International Group Inc
United States | Multi-Line Insurance
6.5%
Bank of America Corp
United States | Diversified Banks
4.8%
West Fraser Timber Co Ltd.
Canada | Forest Products
4.8%
Chesapeake Energy Corp
United States | Oil & Gas Exploration & Prod.
4.7%
Canfor Corp
Canada | Forest Products
4.1%
Celestica Inc
Canada | Electronic Mfg Services
3.4%
Cenovus Energy Inc
Canada | Integrated Oil & Gas
3.2%
Teck Resources Ltd
Canada | Diversified Metals & Mining
3.0%
Precision Drilling Corp
Canada | Oil & Gas Drilling
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. 83,000 11,202 1.2%
Alimentation Couche-Tard Inc. Class B Sub. voting 400,200 24,364 2.7%
American International Group Inc. 686,180 60,213 6.6%
Apache Corp. 53,539 4,566 0.5%
Baidu Inc. ADR 40,605 8,970 1.0%
Bank of America Corp. 1,325,365 39,355 4.3%
Barrick Gold Corp. 214,800 4,616 0.5%
Boardwalk Real Estate Investment Trust 145,900 7,098 0.8%
Brookfield Property Partners LP 250,900 7,359 0.8%
Canadian Energy Services & Technology Corp. 859,984 6,587 0.7%
Canadian National Railway Co. 218,700 19,762 2.2%
Canadian Pacific Railway Ltd. 118,900 22,776 2.5%
Canfor Corp. 2,769,803 42,295 4.7%
Celestica Inc. Sub. voting 2,033,613 32,355 3.6%
Cenovus Energy Inc. 1,729,171 35,102 3.9%
Chesapeake Energy Corp. 1,097,327 10,350 1.1%
Chesapeake Energy Corp. 5.75% Conv. Pfd. 5,613 4,233 0.5%
Chesapeake Energy Corp. 5.75% Conv. Pfd. Series A Conv. @ $26.097 34,600 25,656 2.8%
Citigroup Inc. 949,072 75,783 8.6%
CVS Health Corp. 60,843 6,451 0.7%
DAVITA Inc. 119,770 10,331 1.1%
Deere & Co. 59,322 8,213 0.9%
Dundee Corp. Class A sub. voting 1,011,593 6,019 0.7%
E-L Financial Corp. Ltd. 39,601 29,105 3.2%
ECN Capital Corp. 1,604,600 5,295 0.6%
Empire Co. Ltd. Class A non-voting 257,707 4,051 0.4%
Enbridge Inc. 159,400 9,006 1.0%
Fairfax Financial Holdings Ltd. Sub. voting 16,765 10,872 1.2%
Goldcorp Inc. 236,100 4,316 0.5%
Granite Real Estate Investment Trust 485,343 21,758 2.4%
HCA Holdings Inc. 86,403 8,593 0.9%
Hitachi Ltd. 881,000 6,383 0.7%
Industrial Alliance Insurance and Financial Services Inc. 90,500 4,832 0.5%
International Business Machines Corp. 32,822 7,320 0.8%
Kinross Gold Corp. 650,700 2,726 0.3%
Linamar Corp. 107,600 6,207 0.7%
Loblaw Companies Ltd. 120,900 8,565 0.9%
Magna International Inc. 145,900 8,506 0.9%
McKesson Corp. 44,147 8,331 0.9%
Novartis AG Reg. 67,807 6,632 0.7%
Oracle Corp. 159,330 8,231 0.9%
POSCO 45,054 12,806 1.4%
Potash Corp. of Saskatchewan Inc. 742,600 18,038 2.0%
Precision Drilling Corp. 4,447,617 32,557 3.6%
Rowan Companies Inc. 623,914 15,835 1.7%
Samsung Electronics Co. Ltd. 5,258 10,447 1.2%
Sanofi 77,088 8,382 0.9%
ShawCor Ltd. 368,508 13,207 1.5%
Teck Resources Ltd. Class B 1,207,788 32,453 3.6%
Tenaris SA ADR 230,400 11,055 1.2%
The Goldman Sachs Group Inc. 29,492 9,488 1.0%
The Weir Group PLC 370,116 11,529 1.3%
Torstar Corp. Class B non-voting 4,563,416 8,716 1.0%
Twenty-First Century Fox Inc. 193,528 7,291 0.8%
Union Pacific Corp. 63,839 8,893 1.0%
Valeant Pharmaceuticals International Inc. 258,138 5,036 0.6%
Wal-Mart Stores Inc. 72,619 6,744 0.7%
Wells Fargo & Co. 129,071 9,557 1.1%
West Fraser Timber Co. Ltd. 871,400 41,836 4.6%
WestJet Airlines Ltd. 325,086 7,490 0.8%
Total Investments -- 905,745 99.9%
Cash & Equivalents -- 4,944 0.5%
Currency Hedge Contracts -- -152 0.0%
Other Assets (Liabilities) -- -3,721 -0.4%
Total Net Assets -- 906,816 100.0%

Asset Allocation (%) Help Holdings by region and sector

As of February 28, 2017
  • Regional Allocation
      Canada
    49.8%
      United States
    39.1%
      South Korea
    3.1%
      United Kingdom
    1.5%
      France
    1.3%
      China
    1.1%
      Luxembourg
    1.1%
      Japan
    0.9%
      Switzerland
    0.9%
      Other
    0.4%
      Cash & Equivalents 0.8%
  • Sector Allocation
      Financials 28%
      Materials 18.1%
      Energy 17.1%
      Industrials 8.6%
      Information Technology 8.5%
      Health Care 5.8%
      Consumer Staples 5.6%
      Real Estate 4%
      Consumer Discretionary 3.4%
      Cash & Equivalents 0.8%
      Telecommunication Serv. 0.1%

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 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.