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

Mackenzie US Growth Class Series F

Asset Class: US Equity

Major Holdings (%) Help Top holdings by percentage

As of May 31, 2019
Major holdings represent 47.1% of the fund.
View all holdings
Total # of
Equity Holdings
Total # of
Fixed Income Holdings
Holding name, country and sector Percentage of holding in fund
United States | Insurance Brokers
Accenture PLC
United States | IT Consulting & Other Services
Danaher Corp
United States | Health Care Equipment
Zoetis Inc
United States | Pharmaceuticals
Visa Inc
United States | Data Prcssg & Outsourced Svcs
Baxter International Inc
United States | Health Care Equipment
Stryker Corp
United States | Health Care Equipment
PepsiCo Inc
United States | Soft Drinks
Verisk Analytics Inc
United States | Research & Consulting Services
United States | Health Care Equipment

Complete Fund Holdings Help Full holdings list

As of February 28, 2019
Holding Name No. of Shares/Units Market Value CAD (000s) % of NAV
3M Co. 34,800 9,493 1.7%
Accenture PLC Class A 139,100 29,526 5.3%
Adobe Systems Inc. 31,934 11,026 2.0%
Alphabet Inc. Class A 11,740 17,396 3.1%
Amphenol Corp. Class A 88,169 10,898 2.0%
ANSYS Inc. 23,619 5,507 1.0%
Aon PLC 138,039 31,144 5.8%
Baxter International Inc. 275,568 27,086 4.9%
Becton, Dickinson and Co. 92,000 30,106 5.4%
CME Group Inc. 34,700 8,303 1.5%
Danaher Corp. 165,000 27,567 5.0%
EOG Resources Inc. 144,030 17,808 3.2%
Heineken NV 130,137 17,253 3.1%
Ingersoll-Rand PLC 108,000 14,995 2.7%
Koninklijke Philips NV 268,038 14,038 2.5%
Paychex Inc. 125,000 12,663 2.3%
PepsiCo Inc. 124,000 18,861 3.4%
Rentokil Initial PLC 886,000 5,425 1.0%
Roper Technologies Inc. 37,600 16,006 2.9%
S&P Global Inc. 51,709 13,628 2.5%
Starbucks Corp. 175,600 16,228 2.9%
Steris PLC 110,000 17,501 3.2%
Stryker Corp. 109,878 27,244 4.9%
SVB Financial Group 47,749 15,523 2.8%
Techtronic Industries Co. Ltd. 766,000 6,732 1.2%
The Estée Lauder Companies Inc. Class A 72,500 14,966 2.7%
The Home Depot Inc. 81,580 19,866 3.6%
Vale SA Frn Sub Perpetual 09-30-2049 16,400 0.0%
Verisk Analytics Inc. 136,000 22,616 4.1%
Visa Inc. Class A 117,795 22,949 4.2%
Wolters Kluwer NV 71,000 6,160 1.1%
Zoetis Inc. 192,200 23,821 4.3%
Total Investments -- 532,335 96.3%
Cash & Equivalents -- 19,296 3.5%
Currency Hedge Contracts -- 849 0.2%
Other Assets (Liabilities) -- 162 0.0%
Total Net Assets -- 552,642 100.0%

Asset Allocation (%) Help Holdings by region and sector

As of May 31, 2019
  • Regional Allocation
      United States
      Hong Kong
      United Kingdom
      Cash & Equivalents 5.3%
  • Sector Allocation
      Health Care 25.5%
      Information Technology 21.5%
      Industrials 13.9%
      Financials 11.8%
      Consumer Staples 8.6%
      Consumer Discretionary 7.9%
      Cash & Equivalents 5.3%
      Communication Serv. 3.5%
      Energy 2%

Other US Equity Funds

Portfolio Managers

David Arpin, MA, CFA

Senior Vice President, Portfolio Manager

Mackenzie Bluewater Team

Investment experience since 1995

Dina DeGeer, MBA, CFA

Senior Vice President, Portfolio Manager, Head of Team

Mackenzie Bluewater Team

Investment experience since 1985

Shah Khan, MBA, CFA

Vice President, Portfolio Manager

Mackenzie Bluewater Team

Investment experience since 2010

Hui Wang, MBA, CFA, CAIA

Associate Portfolio Manager

Mackenzie Bluewater Team

Investment experience since 2010

Note: USD option is capped to new purchases.

On November 10, 2006, the Fund acquired the assets of another Mackenzie-sponsored fund in a merger that was considered a material change for the Fund. Therefore, the Fund’s performance is provided from the date of the merger rather than its inception, as required under applicable securities laws.

On July 26, 2013, the Fund (all series) changed its mandate from investing mainly in equity securities of North American companies to investing primarily in equity securities of U.S. companies. The past performance before this date was achieved under the previous objectives.

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

On July 26, 2013, the Fund changed its mandate to a US growth 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 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 to view the funds/products using currency derivatives to hedge exchange risk.