Fund Portfolio – Mackenzie Cundill Canadian Security Fund Series PWT8 | Mackenzie Investments

Mackenzie Cundill Canadian Security Fund Series PWT8

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 June 30, 2019
Holding Name No. of Shares/Units Market Value CAD (000s) % of NAV
Alimentation Couche-Tard Inc. Class B Sub. voting 233,301 19,226 3.2%
Allergan PLC 34,116 7,480 1.2%
Baidu Inc. ADR 35,033 5,384 0.9%
Bank of America Corp. 902,594 34,278 5.7%
Barclays PLC 801,973 1,998 0.3%
Becton, Dickinson and Co. 17,857 5,893 1.0%
Boardwalk Real Estate Investment Trust 281,498 11,215 1.9%
BorgWarner Inc. 83,538 4,593 0.8%
Brookfield Asset Management Inc. Class A limited voting 302,070 18,925 3.1%
Brookfield Property Partners LP 176,800 4,374 0.7%
Canadian National Railway Co. 189,097 22,919 3.8%
Canadian Pacific Railway Ltd. 82,410 25,418 4.2%
Celestica Inc. Sub. voting 1,305,430 11,671 1.9%
Chesapeake Energy Corp. 5.75% Conv. Pfd. 5,613 3,589 0.6%
Chesapeake Energy Corp. 5.75% Conv. Pfd. Series A 33,100 20,938 3.5%
Citigroup Inc. 398,054 36,505 6.6%
Compagnie Financière Richemont SA 101,883 11,325 1.9%
Corus Entertainment Inc. Class B non-voting 1,618,082 9,935 1.6%
CVS Health Corp. 26,450 1,887 0.3%
DAVITA Inc. 103,007 7,589 1.3%
Discovery Communications Inc. Class C 190,918 7,113 1.2%
E-L Financial Corp. Ltd. 19,398 14,452 2.4%
Empire Co. Ltd. Class A non-voting 459,584 15,157 2.5%
Enbridge Inc. 432,638 20,464 3.4%
Fairfax Financial Holdings Ltd. Sub. voting 20,638 13,265 2.2%
General Electric Co. 289,454 3,980 0.7%
George Weston Ltd. 27,904 2,773 0.5%
Hang Lung Properties Ltd. 2,947,000 9,180 1.5%
Hitachi Ltd. 129,000 6,188 1.0%
Hudson's Bay Co. 1,210,497 11,621 1.9%
Kirin Holdings Co. Ltd. 287,000 8,100 1.3%
Liberty Global PLC Class A 355,331 12,559 2.1%
Linamar Corp. 208,380 10,186 1.7%
Loblaw Companies Ltd. 220,665 14,796 2.5%
Novartis AG Reg. 59,900 7,169 1.2%
Nutrien Ltd. 309,626 21,689 3.6%
Oracle Corp. 100,070 7,466 1.2%
Parsely Energy Inc. Class A 105,987 2,639 0.4%
Philip Morris International Inc. 59,905 6,161 1.0%
Precision Drilling Corp. 3,737,775 9,195 1.5%
Samsung Electronics Co. Ltd. 194,016 10,317 1.7%
Sanofi 50,586 5,718 0.9%
ShawCor Ltd. 450,108 8,246 1.4%
Standard Chartered PLC 195,798 2,325 0.4%
Suncor Energy Inc. 493,703 20,168 3.3%
Teck Resources Ltd. Class B 621,460 18,781 3.1%
Tenaris SA ADR 214,421 7,388 1.2%
The Goldman Sachs Group Inc. 23,110 6,192 1.0%
Tourmaline Oil Corp. 652,221 10,879 1.8%
TransAlta Corp. 147,832 1,260 0.2%
Transocean Ltd. 172,734 1,450 0.2%
UBS Group AG 282,504 4,397 0.7%
Union Pacific Corp. 29,840 6,608 1.1%
Wabtec Corp. 2,386 224 0.0%
Wells Fargo & Co. 178,521 11,063 1.8%
WestJet Airlines Ltd. 34,001 1,045 0.2%
Westshore Terminals Investment Corp. 419,695 9,225 1.5%
Zimmer Biomet Holdings Inc. 29,205 4,503 0.7%
Total Investments -- 599,084 99.5%
Cash & Equivalents -- 2,533 0.4%
Currency Hedge Contracts -- 578 0.1%
Other Assets (Liabilities) -- 117 0.0%
Total Net Assets -- 602,312 100.0%

Asset Allocation (%) Help Holdings by region and sector

As of August 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.