Fund Portfolio – Mackenzie Cundill Canadian Security Fund Series PWFB5 | Mackenzie Investments

Mackenzie Cundill Canadian Security Fund Series PWFB5

Asset Class: Canadian Equity

Major Holdings (%) Help Top holdings by percentage

As of July 31, 2019
Major holdings represent 40.7% of the fund.
View all holdings
Total # of
Equity Holdings
55
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
6.1%
Canadian Pacific Railway Ltd
Canada | Railroads
4.2%
Chesapeake Energy Corp
United States | Oil & Gas Exploration & Prod.
4.1%
Canadian National Railway Co.
Canada | Railroads
4.0%
Brookfield Asset Management Inc
Canada | Asset Mgmnt & Custody Banks
3.3%
Nutrien Ltd
Canada | Fertilizers/Agricult. Chem.
3.3%
Enbridge Inc
Canada | Oil & Gas Storage & Transport
3.2%
Alimentation Couche-Tard Inc
Canada | Food Retail
3.2%
Suncor Energy Inc
Canada | Integrated Oil & Gas
3.2%

Complete Fund Holdings Help Full holdings list

As of May 31, 2019
Holding Name No. of Shares/Units Market Value CAD (000s) % of NAV
Alimentation Couche-Tard Inc. Class B Sub. voting 233,301 19,352 3.3%
Allergan PLC 34,116 5,621 1.0%
Baidu Inc. ADR 35,033 5,208 0.9%
Bank of America Corp. 902,594 32,446 5.5%
Barclays PLC 1,373,062 3,502 0.6%
Becton, Dickinson and Co. 15,953 5,033 0.9%
Boardwalk Real Estate Investment Trust 281,498 11,451 1.9%
BorgWarner Inc. 83,538 4,005 0.7%
Brookfield Asset Management Inc. Class A limited voting 302,070 18,728 3.2%
Brookfield Property Partners LP 176,800 4,422 0.7%
Canadian National Railway Co. 189,097 22,658 3.8%
Canadian Pacific Railway Ltd. 87,701 25,982 4.4%
Celestica Inc. Sub. voting 1,305,430 11,096 1.9%
Cenovus Energy Inc. 206,749 2,291 0.4%
CES Energy Solutions Corp. 639,907 1,401 0.2%
Chesapeake Energy Corp. 5.75% Conv. Pfd. 5,613 3,654 0.6%
Chesapeake Energy Corp. 5.75% Conv. Pfd. Series A 33,100 22,589 3.8%
Citigroup Inc. 398,054 33,433 6.0%
Compagnie Financière Richemont SA 101,883 10,140 1.7%
Corus Entertainment Inc. Class B non-voting 1,618,082 10,437 1.8%
CVS Health Corp. 26,450 1,872 0.3%
DAVITA Inc. 103,007 6,044 1.0%
Discovery Communications Inc. Class C 190,918 6,615 1.1%
E-L Financial Corp. Ltd. 19,398 14,878 2.5%
Empire Co. Ltd. Class A non-voting 459,584 14,321 2.4%
Enbridge Inc. 432,638 21,528 3.6%
Fairfax Financial Holdings Ltd. Sub. voting 20,638 12,796 2.2%
General Electric Co. 444,295 5,668 1.0%
George Weston Ltd. 27,904 2,817 0.5%
Hang Lung Properties Ltd. 2,746,000 7,811 1.3%
Hitachi Ltd. 129,000 5,928 1.0%
Hudson's Bay Co. 1,210,497 7,796 1.3%
Kirin Holdings Co. Ltd. 287,000 8,427 1.4%
Liberty Global PLC Class A 388,562 12,918 2.2%
Linamar Corp. 208,380 8,983 1.5%
Loblaw Companies Ltd. 220,665 15,305 2.6%
Novartis AG Reg. 72,440 8,418 1.4%
Nutrien Ltd. 340,893 22,472 3.8%
Oracle Corp. 91,702 6,271 1.1%
Parsely Energy Inc. Class A 105,987 2,554 0.4%
Philip Morris International Inc. 54,141 5,643 1.0%
Precision Drilling Corp. 4,001,761 9,884 1.7%
Samsung Electronics Co. Ltd. 194,016 9,373 1.6%
Sanofi 53,853 5,875 1.0%
ShawCor Ltd. 450,108 7,800 1.3%
Standard Chartered PLC 195,798 2,297 0.4%
Suncor Energy Inc. 440,936 18,365 3.1%
Teck Resources Ltd. Class B 668,488 18,363 3.1%
Tenaris SA ADR 214,421 6,755 1.1%
The Goldman Sachs Group Inc. 23,110 5,699 1.0%
Tourmaline Oil Corp. 652,221 11,218 1.9%
TransAlta Corp. 147,832 1,322 0.2%
Transocean Ltd. 172,734 1,447 0.2%
UBS Group AG 282,504 4,404 0.7%
Union Pacific Corp. 29,840 6,726 1.1%
Wabtec Corp. 2,386 201 0.0%
Wells Fargo & Co. 178,521 10,704 1.8%
WestJet Airlines Ltd. 34,001 1,026 0.2%
Westshore Terminals Investment Corp. 419,695 9,305 1.6%
Zimmer Biomet Holdings Inc. 19,693 3,032 0.5%
Total Investments -- 586,310 99.4%
Cash & Equivalents -- 155 0.0%
Currency Hedge Contracts -- -88 0.0%
Other Assets (Liabilities) -- 3,725 0.6%
Total Net Assets -- 590,102 100.0%

Asset Allocation (%) Help Holdings by region and sector

As of July 31, 2019
  • Regional Allocation
      Canada
    53.6%
      United States
    31.1%
      Switzerland
    3.8%
      Japan
    2.4%
      United Kingdom
    2.3%
      South Korea
    1.6%
      Hong Kong
    1.5%
      Luxembourg
    1.2%
      France
    0.9%
      Other
    0.9%
      Cash & Equivalents 0.7%
  • Sector Allocation
      Financials 24.2%
      Energy 16.9%
      Industrials 12.4%
      Consumer Staples 11.3%
      Health Care 6.5%
      Consumer Discretionary 6.2%
      Materials 6.1%
      Information Technology 6%
      Communication Serv. 5.4%
      Real Estate 4.3%
      Cash & Equivalents 0.7%

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

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

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.