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 April 30, 2019
Major holdings represent 39.6% of the fund.
View all holdings
Total # of
Equity Holdings
61
Holding name, country and sector Percentage of holding in fund
Citigroup Inc
United States | Diversified Banks
5.8%
Bank of America Corp
United States | Diversified Banks
5.7%
Chesapeake Energy Corp
United States | Oil & Gas Exploration & Prod.
4.4%
Canadian Pacific Railway Ltd
Canada | Railroads
4.1%
Nutrien Ltd
Canada | Fertilizers/Agricult. Chem.
3.8%
Canadian National Railway Co.
Canada | Railroads
3.6%
Enbridge Inc
Canada | Oil & Gas Storage & Transport
3.3%
Teck Resources Ltd
Canada | Diversified Metals & Mining
3.3%
Brookfield Asset Management Inc
Canada | Asset Mgmnt & Custody Banks
2.9%
Alimentation Couche-Tard Inc
Canada | Food Retail
2.8%

Complete Fund Holdings Help Full holdings list

As of February 28, 2019
Holding Name No. of Shares/Units Market Value CAD (000s) % of NAV
Alimentation Couche-Tard Inc. Class B Sub. voting 380,546 28,225 4.3%
Allergan PLC 34,116 6,179 0.9%
Baidu Inc. ADR 35,033 7,490 1.1%
Bank of America Corp. 1,108,567 42,402 6.6%
Barclays PLC 1,882,247 5,390 0.8%
Boardwalk Real Estate Investment Trust 281,498 11,589 1.8%
BorgWarner Inc. 83,538 4,462 0.7%
Bristow Group Inc. 557,096 865 0.1%
Brookfield Asset Management Inc. Class A limited voting 292,087 17,362 2.7%
Brookfield Property Partners LP 176,800 4,563 0.7%
Canadian National Railway Co. 189,097 21,353 3.3%
Canadian Pacific Railway Ltd. 90,238 24,538 3.8%
Canfor Corp. 128,456 1,816 0.3%
Celestica Inc. Sub. voting 1,305,430 15,809 2.4%
Cenovus Energy Inc. 1,729,171 20,854 3.2%
CES Energy Solutions Corp. 859,984 2,718 0.4%
Chesapeake Energy Corp. 390,588 1,521 0.2%
Chesapeake Energy Corp. 5.75% Conv. Pfd. 5,613 4,191 0.6%
Chesapeake Energy Corp. 5.75% Conv. Pfd. Series A 34,600 25,326 3.9%
Citigroup Inc. 470,984 39,635 6.1%
Compagnie Financiere Richemont SA 86,676 8,732 1.3%
Corus Entertainment Inc. Class B non-voting 1,226,041 7,393 1.1%
CVS Health Corp. 26,450 2,012 0.3%
DAVITA Inc. 103,007 7,709 1.2%
Discovery Communications Inc. Class C 190,918 6,843 1.0%
E-L Financial Corp. Ltd. 19,398 15,843 2.4%
ECN Capital Corp. 623,514 2,531 0.4%
Empire Co. Ltd. Class A non-voting 427,198 13,059 2.0%
Enbridge Inc. 382,100 18,601 2.8%
Fairfax Financial Holdings Ltd. Sub. voting 12,365 8,056 1.2%
General Electric Co. 444,295 6,072 0.9%
George Weston Ltd. 27,904 2,617 0.4%
Hang Lung Properties Ltd. 2,350,000 7,300 1.1%
Hitachi Ltd. 129,000 5,077 0.8%
Hudson's Bay Co. 1,210,497 9,406 1.4%
Liberty Global PLC Class A 435,008 15,077 2.3%
Linamar Corp. 208,380 10,784 1.6%
Loblaw Companies Ltd. 187,374 12,280 1.9%
Mackenzie Cundill International Fund Series R 1,386,290 12,703 1.9%
Novartis AG Reg. 53,883 6,465 1.0%
Nutrien Ltd. 340,893 24,418 3.7%
Oracle Corp. 91,702 6,288 1.0%
Parsely Energy Inc. Class A 105,987 2,529 0.4%
Philip Morris International Inc. 72,348 8,273 1.3%
Precision Drilling Corp. 4,001,761 13,286 2.0%
Rowan Companies Inc. 570,738 8,490 1.3%
Samsung Electronics Co. Ltd. 194,016 10,223 1.6%
Sanofi 49,970 5,496 0.8%
ShawCor Ltd. 450,108 9,308 1.4%
Standard Chartered PLC 195,798 2,055 0.3%
Teck Resources Ltd. Class B 668,488 19,714 3.0%
Tenaris SA ADR 218,909 7,645 1.2%
The Goldman Sachs Group Inc. 29,492 7,630 1.2%
Tourmaline Oil Corp. 652,221 13,025 2.0%
TransAlta Corp. 1,241,500 9,944 1.5%
Transocean Ltd. 338,345 3,636 0.6%
UBS Group AG 474,139 7,936 1.2%
Union Pacific Corp. 11,737 2,589 0.4%
Wabtec Corp. 2,386 230 0.0%
Wells Fargo & Co. 206,020 13,519 2.1%
West Fraser Timber Co. Ltd. 15,406 998 0.2%
WestJet Airlines Ltd. 128,477 2,680 0.4%
Total Investments -- 644,760 98.5%
Cash & Equivalents -- 6,215 1.0%
Currency Hedge Contracts -- 337 0.1%
Other Assets (Liabilities) -- 2,814 0.4%
Total Net Assets -- 654,126 100.0%

Asset Allocation (%) Help Holdings by region and sector

As of April 30, 2019
  • Regional Allocation
      Canada
    51.9%
      United States
    31.1%
      United Kingdom
    3.4%
      Switzerland
    3.3%
      Japan
    2.1%
      South Korea
    1.6%
      Hong Kong
    1.3%
      China
    1.2%
      Luxembourg
    1.2%
      Other
    1.0%
      Cash & Equivalents 1.9%
  • Sector Allocation
      Financials 23.5%
      Energy 19.9%
      Industrials 11.2%
      Consumer Staples 9.8%
      Materials 7.1%
      Communication Serv. 6.2%
      Health Care 6%
      Information Technology 5.4%
      Consumer Discretionary 5%
      Real Estate 3.8%
      Cash & Equivalents 1.9%
      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.