Fund Portfolio – Mackenzie Cundill Canadian Security Fund Series F MFC065 | Mackenzie Investments

Mackenzie Cundill Canadian Security Fund Series F

Asset Class: Canadian Equity

Major Holdings (%) Help Top holdings by percentage

As of August 31, 2019
Major holdings represent 39% of the fund.
View all holdings
Total # of
Equity Holdings
53
Holding name, country and sector Percentage of holding in fund
Citigroup Inc
United States | Diversified Banks
4.5%
Bank of America Corp
United States | Diversified Banks
4.4%
Canadian National Railway Co.
Canada | Railroads
4.1%
Chesapeake Energy Corp
United States | Oil & Gas Exploration & Prod.
3.9%
Brookfield Asset Management Inc
Canada | Asset Mgmnt & Custody Banks
3.9%
Alimentation Couche-Tard Inc
Canada | Food Retail
3.8%
Bank of Nova Scotia/The
Canada | Diversified Banks
3.8%
Canadian Pacific Railway Ltd
Canada | Railroads
3.7%
Suncor Energy Inc
Canada | Integrated Oil & Gas
3.5%
Enbridge Inc
Canada | Oil & Gas Storage & Transport
3.5%

Complete Fund Holdings Help Full holdings list

As of July 31, 2019
Holding Name No. of Shares/Units Market Value CAD (000s) % of NAV
Alimentation Couche-Tard Inc. Class B Sub. voting 231,418 18,722 3.2%
Allergan PLC 33,358 7,069 1.2%
Baidu Inc. ADR 35,033 5,166 0.9%
Bank of America Corp. 887,920 35,966 6.1%
Becton, Dickinson and Co. 17,857 5,960 1.0%
Boardwalk Real Estate Investment Trust 278,165 11,680 2.0%
BorgWarner Inc. 80,296 4,007 0.7%
Brookfield Asset Management Inc. Class A limited voting 302,070 19,535 3.3%
Brookfield Property Partners LP 176,800 4,517 0.8%
Canadian National Railway Co. 186,378 23,282 4.0%
Canadian Pacific Railway Ltd. 77,587 24,448 4.1%
Celestica Inc. Sub. voting 1,305,430 12,258 2.1%
Chesapeake Energy Corp. 5.75% Conv. Pfd. 5,613 3,470 0.6%
Chesapeake Energy Corp. 5.75% Conv. Pfd. Series A 33,100 20,872 3.5%
Citigroup Inc. 389,065 36,552 6.4%
Compagnie Financière Richemont SA 100,777 11,353 1.9%
Corus Entertainment Inc. Class B non-voting 1,618,082 8,204 1.4%
CVS Health Corp. 26,450 1,951 0.3%
DAVITA Inc. 72,027 5,691 1.0%
Discovery Communications Inc. Class C 187,797 7,002 1.2%
E-L Financial Corp. Ltd. 19,024 14,268 2.4%
Empire Co. Ltd. Class A non-voting 459,584 16,053 2.7%
Enbridge Inc. 429,828 18,947 3.2%
Fairfax Financial Holdings Ltd. Sub. voting 20,046 12,257 2.1%
General Electric Co. 275,991 3,808 0.6%
George Weston Ltd. 26,732 2,790 0.5%
Hang Lung Properties Ltd. 2,910,000 9,049 1.5%
Hitachi Ltd. 126,300 5,930 1.0%
Hudson's Bay Co. 1,210,497 11,887 2.0%
Kirin Holdings Co. Ltd. 283,200 8,123 1.4%
Liberty Global PLC Class A 324,594 11,429 1.9%
Linamar Corp. 208,380 9,315 1.6%
Loblaw Companies Ltd. 218,743 14,980 2.5%
Novartis AG Reg. 59,031 7,144 1.2%
Nutrien Ltd. 265,605 19,219 3.3%
Oracle Corp. 98,753 7,340 1.2%
Parsely Energy Inc. Class A 105,987 2,321 0.4%
Philip Morris International Inc. 51,293 5,662 1.0%
Precision Drilling Corp. 3,737,775 8,485 1.4%
Samsung Electronics Co. Ltd. 191,556 9,611 1.6%
Sanofi 50,586 5,572 0.9%
ShawCor Ltd. 440,887 7,619 1.3%
SNC-Lavalin Group Inc. 282,985 5,909 1.0%
Standard Chartered PLC 184,103 1,993 0.3%
Suncor Energy Inc. 493,703 18,697 3.2%
Teck Resources Ltd. Class B 621,460 16,779 2.8%
Tenaris SA ADR 211,309 6,969 1.2%
The Goldman Sachs Group Inc. 22,693 6,595 1.1%
Tourmaline Oil Corp. 642,735 11,184 1.9%
Transocean Ltd. 160,807 1,291 0.2%
UBS Group AG 276,439 4,054 0.7%
Union Pacific Corp. 29,420 6,990 1.2%
Wells Fargo & Co. 177,311 11,333 1.9%
Westshore Terminals Investment Corp. 419,695 8,738 1.5%
Zimmer Biomet Holdings Inc. 28,355 5,059 0.9%
Total Investments -- 585,105 99.3%
Cash & Equivalents -- 30 0.0%
Currency Hedge Contracts -- 352 0.1%
Other Assets (Liabilities) -- 3,789 0.6%
Total Net Assets -- 589,276 100.0%

Asset Allocation (%) Help Holdings by region and sector

As of September 30, 2019
  • Regional Allocation
      Canada
    60.9%
      United States
    26.2%
      Switzerland
    3.2%
      Japan
    2.6%
      United Kingdom
    2.3%
      South Korea
    1.9%
      Hong Kong
    1.8%
      France
    1.1%
      Cash & Equivalents 0.0%
  • Sector Allocation
      Financials 24.6%
      Energy 13.4%
      Consumer Staples 13.1%
      Industrials 11.7%
      Information Technology 8.9%
      Communication Serv. 7%
      Health Care 6%
      Real Estate 5.3%
      Materials 5.1%
      Consumer Discretionary 4.9%
      Cash & Equivalents 0%

Other Canadian Equity Funds

Portfolio Managers

Richard Wong, CFA

Senior Vice President, Investment Management, Portfolio Manager

Mackenzie Cundill Team

Investment experience since 1994

Note: USD option is capped to new purchases.

The Series G versions of this fund are closed to new investments.

The Mackenzie Cundill Canadian Security Fund - Series A is available to investors for new purchases and transfers in. Series AG 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.

Effective June 1, 2018, the management fee and/or administration fee of series F, PW, PWB, PWT, PWFB, and PWX of the fund was reduced. The new fees will not be fully reflected in the current MER until the semi-annual MER for the period ended September 30, 2019.

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.