Fund Portfolio – Mackenzie Cundill US Class Series F | Mackenzie Investments

Mackenzie Cundill US Class Series F

Asset Class: US Equity

Major Holdings (%) Help Top holdings by percentage

As of August 31, 2019
Major holdings represent 44.4% of the fund.
View all holdings
Total # of
Equity Holdings
38
Holding name, country and sector Percentage of holding in fund
Maxar Technologies Inc
United States | Aerospace & Defense
8.2%
Corus Entertainment Inc
Canada | Broadcasting
4.7%
Wells Fargo & Co
United States | Diversified Banks
4.7%
Bank of America Corp
United States | Diversified Banks
4.5%
Citigroup Inc
United States | Diversified Banks
4.4%
Edgewell Personal Care Co
United States | Personal Products
3.9%
Compass Minerals International Inc
United States | Diversified Metals & Mining
3.7%
United Parcel Service Inc
United States | Air Freight & Logistics
3.6%
AutoCanada Inc
Canada | Automotive Retail
3.3%
Wabtec Corp
United States | Const Machinery & Heavy Trucks
3.2%

Complete Fund Holdings Help Full holdings list

As of June 30, 2019
Holding Name No. of Shares/Units Market Value CAD (000s) % of NAV
Anheuser-Busch InBev NV 9,700 1,124 2.0%
Apple Inc. 5,043 1,307 2.3%
AutoCanada Inc. 163,538 1,877 3.3%
Axalta Coating Systems Ltd. 41,846 1,631 2.9%
Bank of America Corp. 56,046 2,128 3.8%
Becton, Dickinson and Co. 1,072 354 0.6%
Birchcliff Energy Ltd. 728,613 1,894 3.3%
BorgWarner Inc. 17,182 945 1.7%
Bristow Group Inc. 665,072 83 0.1%
Cisco Systems Inc. 11,921 854 1.5%
Citigroup Inc. 23,386 2,145 3.8%
Compass Minerals International Inc. 25,305 1,821 3.2%
Corus Entertainment Inc. Class B non-voting 376,070 2,309 4.1%
CVS Health Corp. 17,469 1,247 2.2%
DAVITA Inc. 23,871 1,759 3.1%
Dentsply Sirona Inc. 16,277 1,244 2.2%
Discovery Communications Inc. Class C 31,636 1,179 2.1%
Edgewell Personal Care Co. 47,941 1,692 3.0%
Exxon Mobil Corp. 4,434 445 0.8%
Facebook Inc. 3,841 971 1.7%
General Electric Co. 116,026 1,595 2.8%
Hanesbrands Inc. 47,757 1,077 1.9%
Hermitage Offshore Services Ltd. 506,930 1,826 3.2%
Johnson & Johnson 6,447 1,176 2.1%
JPMorgan Chase & Co. 8,059 1,180 2.1%
L Brands Inc. 10,827 370 0.7%
Maxar Technologies Ltd. 396,877 4,076 7.3%
Oracle Corp. 17,005 1,269 2.2%
Parsely Energy Inc. Class A 32,399 807 1.4%
Pengrowth Energy Corp. 3,576,170 1,752 3.1%
Philip Morris International Inc. 37 4 0.0%
Stericycle Inc. 23,118 1,446 2.6%
The Goldman Sachs Group Inc. 4,897 1,312 2.3%
The Greenbrier Companies Inc. 24,504 976 1.7%
The Kraft Heinz Co. 35,191 1,430 2.5%
Transocean Ltd. 157,850 1,325 2.3%
Under Armour Inc. Class A 42,165 1,400 2.5%
United Parcel Service Inc. (UPS) Class B 12,063 1,631 2.9%
Wabtec Corp. 17,053 1,603 2.8%
Wells Fargo & Co. 34,333 2,128 3.8%
Zimmer Biomet Holdings Inc. 7,407 1,142 2.0%
Total Investments -- 56,534 99.9%
Cash & Equivalents -- -342 -0.6%
Other Assets (Liabilities) -- 397 0.7%
Total Net Assets -- 56,589 100.0%

Asset Allocation (%) Help Holdings by region and sector

As of August 31, 2019
  • Regional Allocation
      United States
    81.0%
      Canada
    13.7%
      Norway
    3.2%
      Belgium
    2.3%
      Cash & Equivalents -0.2%
  • Sector Allocation
      Industrials 19.7%
      Financials 17.3%
      Energy 14.5%
      Health Care 12.8%
      Consumer Discretionary 9.5%
      Consumer Staples 8.7%
      Information Technology 6.3%
      Communication Serv. 6%
      Materials 5.4%
      Cash & Equivalents -0.2%

Other US Equity Funds

Portfolio Managers

Jonathan Norwood, MBA, CFA

Senior Vice President, Investment Management, Portfolio Manager

Mackenzie Cundill Team

Investment experience since 1998

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 S&P 500 Index is a market capitalization weighted index of 500 widely held securities, designed to measure broad U.S. equity performance.

†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.