Fund Portfolio – Mackenzie Cundill Value Fund Series A MFC736 MFC836 MFC7043 MFC3180 | Mackenzie Investments

Mackenzie Cundill Value Fund Series A

Asset Class: Global Equity

Major Holdings (%) Help Top holdings by percentage

As of August 31, 2019
Major holdings represent 35.8% of the fund.
View all holdings
Total # of
Equity Holdings
51
Holding name, country and sector Percentage of holding in fund
Wells Fargo & Co
United States | Diversified Banks
4.4%
Citigroup Inc
United States | Diversified Banks
4.3%
Bank of America Corp
United States | Diversified Banks
4.2%
Chesapeake Energy Corp
United States | Oil & Gas Exploration & Prod.
3.7%
Ferrovial SA
Spain | Construction & Engineering
3.5%
Discovery Inc
United States | Broadcasting
3.3%
Oracle Corp
United States | Systems Software
3.2%
Liberty Global PLC
United Kingdom | Cable & Satellite
3.1%
Zimmer Biomet Holdings Inc
United States | Health Care Equipment
3.0%
Sanofi
France | Pharmaceuticals
3.0%

Complete Fund Holdings Help Full holdings list

As of June 30, 2019
Holding Name No. of Shares/Units Market Value CAD (000s) % of NAV
Allergan PLC 226,513 49,665 2.6%
Baidu Inc. ADR 245,191 37,683 2.0%
Bank of America Corp. 2,513,892 95,470 5.1%
Bayer AG 237,537 21,556 1.1%
Becton, Dickinson and Co. 97,230 32,088 1.7%
BorgWarner Inc. 811,963 44,638 2.4%
Chesapeake Energy Corp. 5.75% Conv. Pfd. Series A 116,057 73,415 3.9%
China Mobile Ltd. 3,983,900 47,525 2.5%
Citigroup Inc. 1,103,894 101,236 5.3%
CK Hutchison Holdings Ltd. 2,587,814 33,409 1.8%
Compagnie Financière Richemont SA 406,324 45,165 2.4%
Corus Entertainment Inc. Class B non-voting 6,563,997 40,303 2.1%
CVS Health Corp. 371,244 26,491 1.4%
DAVITA Inc. 782,140 57,624 3.1%
Discovery Communications Inc. Class C 1,674,057 62,370 3.3%
Ferrovial SA 1,779,023 59,634 3.2%
Fujitec Co. Ltd. 465,100 7,955 0.4%
General Electric Co. 2,159,501 29,694 1.6%
Halliburton Co. 955,383 28,451 1.5%
Hang Lung Properties Ltd. 17,636,600 54,941 2.9%
Hitachi Ltd. 914,620 43,874 2.3%
Hudson's Bay Co. 3,307,740 31,754 1.7%
iShares Core S&P 500 ETF 48,682 18,791 1.0%
Kirin Holdings Co. Ltd. 1,275,000 35,986 1.9%
Kyushu Railway Co. 240,700 9,181 0.5%
Liberty Global PLC Class A 1,577,023 55,740 3.0%
Mitsubishi Electric Corp. 2,117,900 36,507 1.9%
Novartis AG Reg. 310,138 37,120 2.0%
Oracle Corp. 810,594 60,475 3.2%
Parsely Energy Inc. Class A 934,472 23,263 1.2%
Philip Morris International Inc. 535,343 55,054 2.9%
Renesas Electronics Corp. 3,702,500 24,062 1.3%
Royal Dutch Shell PLC Class A 441,336 18,879 1.0%
Samsung Electronics Co. Ltd. 858,979 45,677 2.4%
Sanofi 458,953 51,880 2.7%
SoftBank Group Corp. 496,800 31,170 1.7%
Standard Chartered PLC 1,156,303 13,732 0.7%
Sugar Union UkrRos GDR 4,500 0.0%
Tenaris SA ADR 822,605 28,342 1.5%
The Goldman Sachs Group Inc. 135,510 36,308 1.9%
Transocean Ltd. 2,060,640 17,297 0.9%
UBS Group AG 1,082,774 16,853 0.9%
Union Pacific Corp. 236,998 52,485 2.8%
Wabtec Corp. 369,063 34,682 1.8%
Wells Fargo & Co. 1,542,221 95,568 5.1%
Zimmer Biomet Holdings Inc. 285,462 44,014 2.3%
Total Investments -- 1,868,007 98.9%
Cash & Equivalents -- 25,553 1.4%
Currency Hedge Contracts -- 3,336 0.2%
Other Assets (Liabilities) -- -9,999 -0.5%
Total Net Assets -- 1,886,897 100.0%

Asset Allocation (%) Help Holdings by region and sector

As of August 31, 2019
  • Regional Allocation
      United States
    55.8%
      Japan
    10.4%
      Other
    5.8%
      Switzerland
    5.3%
      Hong Kong
    4.7%
      China
    4.3%
      United Kingdom
    3.6%
      Canada
    3.5%
      Spain
    3.0%
      France
    2.7%
      Cash & Equivalents 0.9%
  • Sector Allocation
      Financials 19.9%
      Health Care 17.1%
      Industrials 14.2%
      Communication Serv. 14.2%
      Energy 9.9%
      Information Technology 9.4%
      Consumer Discretionary 6.4%
      Consumer Staples 5.1%
      Real Estate 2.9%
      Cash & Equivalents 0.9%

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

Note: USD option is capped to new purchases.

The Series G versions of this fund are closed to new investments.

The Mackenzie Cundill Value Fund - Series A is available to investors for new puchases and transfers in. Series AG and B are closed to new investment.

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.

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.