Fund Portfolio – Mackenzie Cundill Value Class Series F MFC1334 | Mackenzie Investments

Mackenzie Cundill Value Class Series F

Asset Class: Global Equity

Major Holdings (%) Help Top holdings by percentage

As of June 30, 2019
Major holdings represent 38.4% of the fund.
View all holdings
Total # of
Equity Holdings
44
Holding name, country and sector Percentage of holding in fund
Citigroup Inc
United States | Diversified Banks
5.4%
Wells Fargo & Co
United States | Diversified Banks
5.1%
Bank of America Corp
United States | Diversified Banks
5.1%
Chesapeake Energy Corp
United States | Oil & Gas Exploration & Prod.
3.9%
Discovery Inc
United States | Broadcasting
3.3%
Oracle Corp
United States | Systems Software
3.2%
Ferrovial SA
Spain | Construction & Engineering
3.2%
DaVita HealthCare Partners Inc
United States | Health Care Services
3.1%
Liberty Global PLC
United Kingdom | Cable & Satellite
3.0%
Philip Morris International Inc
United States | Tobacco
2.9%

Complete Fund Holdings Help Full holdings list

As of April 30, 2019
Holding Name No. of Shares/Units Market Value CAD (000s) % of NAV
Allergan PLC 31,583 6,220 2.2%
Baidu Inc. ADR 34,062 7,586 2.7%
Bank of America Corp. 350,163 14,346 5.1%
Barclays PLC 597,270 1,714 0.6%
Bayer AG 33,044 2,947 1.1%
Becton, Dickinson and Co. 9,973 3,217 1.2%
BorgWarner Inc. 111,563 6,243 2.2%
Chesapeake Energy Corp. 5.75% Conv. Pfd. Series A 15,521 10,873 3.9%
China Mobile Ltd. 531,500 6,785 2.4%
Cielo SA 580,400 1,531 0.6%
Citigroup Inc. 153,763 14,564 5.2%
CK Hutchison Holdings Ltd. 360,500 5,073 1.8%
Compagnie Financière Richemont SA 55,367 5,425 2.0%
Corus Entertainment Inc. Class B non-voting 905,241 6,898 2.5%
CVS Health Corp. 60,160 4,383 1.6%
DAVITA Inc. 106,595 7,889 2.8%
Discovery Communications Inc. Class C 227,545 8,768 3.2%
Ensco PLC Class A 134,392 2,515 0.9%
Ferrovial SA 236,338 7,800 2.8%
General Electric Co. 459,796 6,265 2.3%
Halliburton Co. 179,762 6,823 2.5%
Hang Lung Properties Ltd. 2,460,000 7,747 2.8%
Hitachi Ltd. 117,200 5,230 1.9%
Hudson's Bay Co. 474,195 3,533 1.3%
Kirin Holdings Co. Ltd. 165,400 4,991 1.8%
Kyushu Railway Co. 33,500 1,462 0.5%
Liberty Global PLC Class A 288,796 10,451 3.8%
Mitsubishi Electric Corp. 307,100 5,836 2.1%
Novartis AG Reg. 46,851 5,127 1.8%
Oracle Corp. 109,522 8,119 2.9%
Parsely Energy Inc. Class A 133,064 3,558 1.3%
Philip Morris International Inc. 72,023 8,352 3.0%
Renesas Electronics Corp. 515,600 3,650 1.3%
Samsung Electronics Co. Ltd. 122,666 6,472 2.3%
Sanofi 63,519 7,397 2.7%
SoftBank Group Corp. 35,200 4,973 1.8%
Standard Chartered PLC 160,456 1,962 0.7%
Tenaris SA ADR 119,016 4,423 1.6%
The Goldman Sachs Group Inc. 22,418 6,185 2.2%
Transocean Ltd. 440,885 4,643 1.7%
UBS Group AG 150,649 2,707 1.0%
Union Pacific Corp. 31,771 7,536 2.7%
Wabtec Corp. 50,996 5,061 1.8%
Wells Fargo & Co. 214,818 13,932 5.0%
Zimmer Biomet Holdings Inc. 37,260 6,148 2.2%
Total Investments -- 277,360 99.8%
Cash & Equivalents -- 477 0.2%
Currency Hedge Contracts -- -241 -0.1%
Other Assets (Liabilities) -- 156 0.1%
Total Net Assets -- 277,752 100.0%

Asset Allocation (%) Help Holdings by region and sector

As of May 31, 2019
  • Regional Allocation
      United States
    53.4%
      Japan
    10.1%
      Other
    6.0%
      Switzerland
    5.2%
      United Kingdom
    4.7%
      Hong Kong
    4.6%
      China
    4.5%
      Canada
    3.6%
      Spain
    3.1%
      France
    2.8%
      Cash & Equivalents 2.0%
  • Sector Allocation
      Financials 19.4%
      Health Care 16.2%
      Communication Serv. 15.2%
      Industrials 14.3%
      Energy 10.5%
      Information Technology 8.9%
      Consumer Discretionary 5.6%
      Consumer Staples 5.1%
      Real Estate 2.8%
      Cash & Equivalents 2%

Other Global 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 I version of this fund is closed to new investments.

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 MSCI World Index is a free float adjusted, market capitalization weighted index that is designed to measure the equity market performance of developed markets. It consists of 24 developed market country indices.

†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.