Fund Portfolio – Mackenzie Cundill Canadian Security Fund Series T5 MFC2447 MFC3458 MFC7050 MFC3459 | Mackenzie Investments

Mackenzie Cundill Canadian Security Fund Series T5

Asset Class: Canadian Equity

Major Holdings (%) Help Top holdings by percentage

As of June 30, 2019
Major holdings represent 40.5% of the fund.
View all holdings
Total # of
Equity Holdings
58
Holding name, country and sector Percentage of holding in fund
Citigroup Inc
United States | Diversified Banks
6.1%
Bank of America Corp
United States | Diversified Banks
5.7%
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
3.8%
Nutrien Ltd
Canada | Fertilizers/Agricult. Chem.
3.6%
Enbridge Inc
Canada | Oil & Gas Storage & Transport
3.4%
Suncor Energy Inc
Canada | Integrated Oil & Gas
3.4%
Alimentation Couche-Tard Inc
Canada | Food Retail
3.2%
Brookfield Asset Management Inc
Canada | Asset Mgmnt & Custody Banks
3.1%

Complete Fund Holdings Help Full holdings list

As of April 30, 2019
Holding Name No. of Shares/Units Market Value CAD (000s) % of NAV
Alimentation Couche-Tard Inc. Class B Sub. voting 233,301 18,428 2.8%
Allergan PLC 34,116 6,719 1.0%
Baidu Inc. ADR 35,033 7,802 1.2%
Bank of America Corp. 902,594 36,979 5.7%
Barclays PLC 1,385,670 3,976 0.6%
Becton, Dickinson and Co. 15,953 5,145 0.8%
Boardwalk Real Estate Investment Trust 281,498 10,947 1.7%
BorgWarner Inc. 83,538 4,675 0.7%
Brookfield Asset Management Inc. Class A limited voting 292,087 18,866 2.9%
Brookfield Property Partners LP 176,800 4,947 0.8%
Canadian National Railway Co. 189,097 23,531 3.6%
Canadian Pacific Railway Ltd. 87,701 26,325 4.0%
Celestica Inc. Sub. voting 1,305,430 12,467 1.9%
Cenovus Energy Inc. 721,638 9,583 1.5%
CES Energy Solutions Corp. 859,984 2,245 0.3%
Chesapeake Energy Corp. 5.75% Conv. Pfd. 5,613 4,231 0.7%
Chesapeake Energy Corp. 5.75% Conv. Pfd. Series A 34,600 24,238 3.7%
Citigroup Inc. 398,054 37,704 6.0%
Compagnie Financière Richemont SA 86,676 8,492 1.3%
Corus Entertainment Inc. Class B non-voting 1,226,041 9,342 1.4%
CVS Health Corp. 26,450 1,927 0.3%
DAVITA Inc. 103,007 7,623 1.2%
Discovery Communications Inc. Class C 190,918 7,356 1.1%
E-L Financial Corp. Ltd. 19,398 15,615 2.4%
Empire Co. Ltd. Class A non-voting 459,584 13,696 2.1%
Enbridge Inc. 432,638 21,411 3.3%
Ensco PLC Class A 275,489 5,156 0.8%
Fairfax Financial Holdings Ltd. Sub. voting 20,638 13,185 2.0%
General Electric Co. 444,295 6,054 0.9%
George Weston Ltd. 27,904 2,791 0.4%
Hang Lung Properties Ltd. 2,746,000 8,648 1.3%
Hitachi Ltd. 129,000 5,757 0.9%
Hudson's Bay Co. 1,210,497 9,018 1.4%
Kirin Holdings Co. Ltd. 258,900 7,812 1.2%
Liberty Global PLC Class A 435,008 15,741 2.4%
Linamar Corp. 208,380 10,590 1.6%
Loblaw Companies Ltd. 220,665 14,482 2.2%
Novartis AG Reg. 72,440 7,927 1.2%
Nutrien Ltd. 340,893 24,769 3.8%
Oracle Corp. 91,702 6,798 1.0%
Parsely Energy Inc. Class A 105,987 2,834 0.4%
Philip Morris International Inc. 54,141 6,279 1.0%
Precision Drilling Corp. 4,001,761 13,166 2.0%
Samsung Electronics Co. Ltd. 194,016 10,237 1.6%
Sanofi 53,853 6,271 1.0%
ShawCor Ltd. 450,108 8,948 1.4%
Standard Chartered PLC 195,798 2,394 0.4%
Suncor Energy Inc. 294,574 13,014 2.0%
Teck Resources Ltd. Class B 668,488 21,178 3.3%
Tenaris SA ADR 214,421 7,969 1.2%
The Goldman Sachs Group Inc. 28,971 7,993 1.2%
Tourmaline Oil Corp. 652,221 13,064 2.0%
TransAlta Corp. 147,832 1,336 0.2%
Transocean Ltd. 338,345 3,563 0.5%
UBS Group AG 282,504 5,077 0.8%
Union Pacific Corp. 29,840 7,078 1.1%
Wabtec Corp. 2,386 237 0.0%
Wells Fargo & Co. 178,521 11,578 1.8%
WestJet Airlines Ltd. 34,001 643 0.1%
Westshore Terminals Investment Corp. 419,695 8,822 1.4%
Zimmer Biomet Holdings Inc. 19,693 3,249 0.5%
Total Investments -- 637,928 98.0%
Cash & Equivalents -- 12,742 2.0%
Currency Hedge Contracts -- -282 0.0%
Other Assets (Liabilities) -- 80 0.0%
Total Net Assets -- 650,468 100.0%

Asset Allocation (%) Help Holdings by region and sector

As of May 31, 2019
  • Regional Allocation
      Canada
    54.6%
      United States
    29.4%
      Switzerland
    3.9%
      United Kingdom
    3.2%
      Japan
    2.4%
      South Korea
    1.6%
      Hong Kong
    1.3%
      Luxembourg
    1.1%
      France
    1.0%
      Other
    0.9%
      Cash & Equivalents 0.6%
  • Sector Allocation
      Financials 23.6%
      Energy 18.6%
      Industrials 12.1%
      Consumer Staples 11.2%
      Materials 6.9%
      Health Care 6.1%
      Communication Serv. 6%
      Information Technology 5.5%
      Consumer Discretionary 5.2%
      Real Estate 4%
      Cash & Equivalents 0.6%
      Utilities 0.2%

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

Simon Chiu, CFA

Vice President, Portfolio Manager

Mackenzie Cundill Team

Investment experience since 2006

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.

Effective January 2, 2019, the distribution rate of series T6 (including F6, O6, J6, S6. PWT6, FB6, PWFB6, PWX6) will change from 6% to 5%. The name of the series will change to reflect that (i.e. T6 will be renamed T5). The fund code will remain the same.

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.