Fund Portfolio – Mackenzie Global Dividend Fund Series F MFC2422 | Mackenzie Investments

Mackenzie Global Dividend Fund Series F

Asset Class: Global Equity

Major Holdings (%) Help Top holdings by percentage

As of August 31, 2019
Major holdings represent 22.9% of the fund.
View all holdings
Total # of
Equity Holdings
79
Holding name, country and sector Percentage of holding in fund
Nestle SA
Switzerland | Packaged Foods & Meats
3.1%
Microsoft Corp
United States | Systems Software
2.8%
Becton Dickinson and Co
United States | Health Care Equipment
2.5%
Deutsche Boerse AG
Germany | Financial Exchanges & Data
2.4%
Safran SA
France | Aerospace & Defense
2.4%
Sherwin-Williams Co/The
United States | Specialty Chemicals
2.0%
Koninklijke Philips NV
Netherlands | Health Care Equipment
2.0%
JPMorgan Chase & Co
United States | Diversified Banks
1.9%
CME Group Inc
United States | Financial Exchanges & Data
1.9%
Kinder Morgan Inc/DE
United States | Oil & Gas Storage & Transport
1.9%

Complete Fund Holdings Help Full holdings list

As of June 30, 2019
Holding Name No. of Shares/Units Market Value CAD (000s) % of NAV
AbbVie Inc. 198,600 18,913 0.8%
Aena SA 158,000 41,010 1.7%
AIA Group Ltd. 1,601,900 22,628 1.0%
Air Liquide SA 233,132 42,719 1.8%
Allergan PLC 203,200 44,553 1.9%
Altria Group Inc. 351,802 21,814 0.9%
Apple Inc. 109,300 28,329 1.2%
Asahi Group Holdings Ltd. 328,600 19,339 0.8%
Atlas Copco AB A 497,300 20,819 0.9%
B3 SA- Brasil Bolsa Balcao 1,474,263 18,838 0.8%
Baker Hughes a GE Co. 462,100 14,905 0.6%
Bayer AG 229,495 20,826 0.9%
Becton, Dickinson and Co. 179,517 59,244 2.5%
Brenntag AG 376,000 24,250 1.0%
British American Tobacco PLC 467,900 21,388 0.9%
Broadcom Inc. 87,300 32,909 1.4%
Cabot Oil & Gas Corp. 326,900 9,829 0.4%
Cisco Systems Inc. 330,800 23,709 1.0%
CME Group Inc. 159,800 40,621 1.7%
Compagnie Financière Richemont SA 203,200 22,587 0.9%
Constellation Brands Inc. Class A 115,700 29,839 1.3%
Dentsply Sirona Inc. 618,300 47,254 2.0%
Deutsche Boerse AG 295,000 54,648 2.3%
Diageo PLC 395,400 22,249 0.9%
Equifax Inc. 215,700 38,201 1.6%
Eurofins Scientific 37,600 21,781 0.9%
Hannover Rueckversicherung SE Reg. 56,000 11,858 0.5%
Heineken Holding NV A 259,400 35,654 1.5%
Honeywell International Inc. 154,200 35,255 1.5%
HSBC Holdings PLC 1,552,500 16,958 0.7%
Japan Exchange Group Inc. 1,297,100 26,975 1.1%
Johnson & Johnson 218,200 39,798 1.7%
JPMorgan Chase & Co. 317,500 46,485 2.0%
Keyence Corp. 25,000 20,083 0.8%
Kinder Morgan Inc. 1,653,900 45,223 1.9%
Koninklijke Philips NV 760,258 43,230 1.8%
Kweichow Moutai Co. Ltd. Class A 122,688 23,023 1.0%
Linde PLC 80,000 21,037 0.9%
Lockheed Martin Corp. 80,400 38,276 1.6%
London Stock Exchange Group PLC 290,900 26,536 1.1%
Mackenzie International Dividend Fund Series R 1,431,421 17,700 0.7%
McDonald's Corp. 87,200 23,713 1.0%
Micro Focus International PLC 1,022,824 35,104 1.5%
Microsoft Corp. 369,300 64,785 2.7%
Moody's Corp. 136,600 34,938 1.5%
Mowi ASA 624,200 19,106 0.8%
Murata Manufacturing Co. Ltd. 224,900 13,223 0.6%
Nestlé SA Reg. 494,500 67,056 2.8%
New Oriental Education & Technology Group Inc. ADR 144,600 18,289 0.8%
Nike Inc. Class B 127,202 13,984 0.6%
Nokia OYJ 3,151,200 20,488 0.9%
Northern Trust Corp. 163,100 19,223 0.8%
Novo Nordisk AS B 523,600 34,941 1.5%
Oaktree Capital Group LLC 488,200 31,672 1.3%
Occidental Petroleum Corp. 361,500 23,803 1.0%
Oracle Corp. 303,400 22,635 1.0%
Otsuka Corp. 368,000 19,378 0.8%
Pernod Ricard SA* 78,000 18,823 0.8%
Philip Morris International Inc. 407,500 41,907 1.8%
Roche Holding AG Genusscheine 117,900 43,450 1.8%
Sabre Corp. 674,578 19,611 0.8%
Safran SA 295,300 56,661 2.4%
Sands China Ltd. 3,859,400 24,168 1.0%
SAP AG 221,700 39,868 1.7%
Schlumberger Ltd. 317,200 16,508 0.7%
Sika AG 172,500 38,562 1.6%
Sony Corp. 368,000 25,248 1.1%
Starbucks Corp. 338,400 37,149 1.6%
Suzuki Motor Corp. 270,100 16,615 0.7%
Taiwan Semiconductor Manufacturing Co. Ltd. 2,110,000 21,320 0.9%
Tencent Holdings Ltd. 466,600 27,584 1.2%
Texas Instruments Inc. 164,700 24,752 1.0%
The Sherwin-Williams Co. 69,400 41,651 1.8%
Unilever NV CVA 365,500 29,152 1.2%
United Technologies Corp. 248,500 42,370 1.8%
Visa Inc. Class A 157,200 35,727 1.5%
Wells Fargo & Co. 395,300 24,496 1.0%
Total Investments -- 2,299,253 96.9%
Cash & Equivalents -- 74,796 2.8%
Currency Hedge Contracts -- 3,785 0.2%
Other Assets (Liabilities) -- 1,407 0.1%
Total Net Assets -- 2,379,241 100.0%

Asset Allocation (%) Help Holdings by region and sector

As of August 31, 2019
  • Regional Allocation
      United States
    48.9%
      Other
    10.0%
      Switzerland
    6.9%
      Germany
    6.2%
      United Kingdom
    6.1%
      Japan
    5.3%
      France
    4.6%
      Netherlands
    3.5%
      China
    3.0%
      Hong Kong
    1.9%
      Cash & Equivalents 3.6%
  • Sector Allocation
      Information Technology 17.8%
      Financials 16.1%
      Health Care 15.2%
      Consumer Staples 14.3%
      Industrials 12.3%
      Consumer Discretionary 8.3%
      Materials 5.7%
      Energy 4.8%
      Cash & Equivalents 3.6%
      Communication Serv. 1.2%
      Pooled Funds 0.7%

Other Global Equity Funds

Portfolio Managers

Darren McKiernan, CFA

Senior Vice President, Portfolio Manager, Head of Team

Mackenzie Global Equity & Income Team

Investment experience since 1995

Eugene Profis, MBA, CFA

Vice President, Investment Management

Mackenzie Global Equity & Income Team

Investment experience since 2005

Ome Saidi, MBA, CFA

Vice President, Investment Management

Mackenzie Global Equity & Income Team

Investment experience since 2007

Note: USD option is capped to new purchases.

On July 26, 2013, the Fund changed its mandate from investing in equity and fixed income securities of companies that operate primarily in infrastructure related businesses to investing primarily in equity securities of companies anywhere in the world that pay or are expected to pay dividends. The past performance before this date was achieved under the previous objectives.

On December 9, 2013, Darren McKiernan became Mackenzie Global Equity & Income Team Lead and assumed management responsibilities.

On July 26, 2013, the Fund changed its investment objectives to become a global dividend fund. The past performance before this date was achieved under the previous objectives.

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.