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Fund Price: $12.86 (as at September 17, 2014)  1-day chg: $-.0207 -0.16%  YTD: 3.76%

Returns as at August 31, 2014

  Fund Group Avg Index*
1 Month -1.83% 1.64% 1.64%
3 Months -0.56% 2.14% 2.19%
6 Months -2.84% 2.10% 2.17%
1 Year 9.18% 21.35% 21.17%
2 Year Avg 12.71% 23.75% 22.52%
3 Year Avg 4.01% 15.07% 13.17%
4 Year Avg 3.64% 13.45% 11.46%
5 Year Avg 5.28% 11.91% 10.32%
10 Year Avg 6.23% 6.74% 5.70%
15 Year Avg 8.07% 6.76% 5.58%
20 Year Avg - 7.39% 7.68%
Since Inception 9.37% - -
 
2013 5.11% 32.88% 30.38%
2012 15.55% 12.50% 11.07%
2011 -26.44% -12.47% -16.58%
 
3 year risk 17.67 11.89 10.83
3 year beta 1.32 0.93 1.00

*Globe Global Small/Mid Cap Eqt Peer Indx

Growth of $10,000

This graph shows how a $10,000 investment in this fund would have changed in value compared with the Globe Global Small/Mid Cap Eqt Peer Indx.

Risk Measures as at August 31, 2014

Best/Worst 12 months (since inception)
Best (ending Feb 10): 80.19 bar graph of the performance of this holding (negative result) bar graph of the performance of this holding (positive result)
Worst (ending Feb 09): -56.22 bar graph of the performance of this holding (negative result) bar graph of the performance of this holding (positive result)
Volatility meter (Based on 3 year standard deviation from GlobeInvestor.com)
Low VOLATILITY METER: 18 High

Fund Objectives

The Fund pursues long-term capital growth primarily from investment, on a worldwide basis, in equity securities of companies which are recently under-performing, companies in turnaround situations and companies with lower credit ratings. The Cundill investment approach is based on a fundamental value philosophy: invest in securities which are trading below their estimated intrinsic value, determined by reviewing corporate balance sheets, earnings statements, dividend records, business prospects, management strengths and potential catalysts to realize security holder value. Preservation of invested capital is the hallmark of the contrarian, value approach followed by the Cundill investment team. Under normal market conditions, the Fund will primarily invest in all types of equity securities, including common shares, preferred shares and warrants, as well as the securities of companies in re-organization. Any change to the investment objectives of the Fund must be approved by a majority of the votes cast at a meeting of the security holders held for that reason.

Fund Facts

Fund Sponsor: Mackenzie Investments
Managed by: Mackenzie Investments
Fund Type: MF Trust
Inception Date: October 1998
Asset Class: Global Small/Mid Cap Equity
Quartile Rank: 4 (3YR ending August 31, 2014)
Total Assets: $921.5 million
Mgmt Exp. Ratio (MER): 2.60%
Management Fee: 2.00%
Load Type: Optional
Globe 5-Star Rating:
RRSP Eligible:
Canadian
Min. Invest (initial):
$500
Subsequent:
$100
Min. Invest (initial RRSP):
$500
Subsequent RRSP:
$100
Closed:
No
Restricted:
No
Restriction:
 
 

Asset Allocation June 30, 2014

Equity Sector Weightings June 30, 2014

Fund Geography June 30, 2014

Top Holdings as at June 30, 2014

Symbol Company Name Sector Geographic
Area
Asset
Type
% of
Total Assets
  Performance as at September 17, 2014
1 Year Performance (%)
- Tian AN China Investments Property Mgmnt & Investment China Stock 7.44   - bar graph of the performance of this holding (negative result) bar graph of the performance of this holding (positive result)
- Raven Russia Ltd. Property Mgmnt & Investment United Kingdom Stock 6.27   - bar graph of the performance of this holding (negative result) bar graph of the performance of this holding (positive result)
- Road King Infrastructure Other Services Hong Kong Stock 5.12   - bar graph of the performance of this holding (negative result) bar graph of the performance of this holding (positive result)
- Yuexiu Property Company Property Mgmnt & Investment China Stock 4.83   - bar graph of the performance of this holding (negative result) bar graph of the performance of this holding (positive result)
- KWG Property Holding Limited Property Mgmnt & Investment China Stock 4.22   - bar graph of the performance of this holding (negative result) bar graph of the performance of this holding (positive result)
- MOTOR SP GDR REG-S Other Ukraine Stock 3.99   - bar graph of the performance of this holding (negative result) bar graph of the performance of this holding (positive result)
- China South City Holdings Property Mgmnt & Investment China Stock 3.28   - bar graph of the performance of this holding (negative result) bar graph of the performance of this holding (positive result)
- Magnificent Estates Limited Property Mgmnt & Investment Hong Kong Stock 3.27   - bar graph of the performance of this holding (negative result) bar graph of the performance of this holding (positive result)
- PT Energi Mega Persada Oil and Gas Producers Indonesia Stock 3.15   - bar graph of the performance of this holding (negative result) bar graph of the performance of this holding (positive result)
- Mriya Agro Holding Agriculture Cyprus Stock 3.07   - bar graph of the performance of this holding (negative result) bar graph of the performance of this holding (positive result)

Distribution Report (18 months up to September 17, 2014)

Frequency of Income Distributions: Annually

Frequency of Capital Gain Distributions: Annually

Date Income Dividend Capital Gain Total (Current Period) Trailing 12-Months Total Reinvestment Price
Dec 20, 2013 0.0192 0.0192 0.0192 12.174

Portfolio Manager(s)

James P. Morton

Mackenzie Investments

Start Date: October, 1998

Fund Return: 9.37%

James Morton is an experienced investment advisor, investment fund manager and financial writer with more than 25 years in the financial services sector. He has extensive expertise in recovering companies, particularly smaller company situations. James holds a Law degree with Honours from Trinity Hall, Cambridge University (1975), a M.A. from Stanford Food Research Institute (1979) and a M.B.A. from Stanford Graduate School of Business (1979). He is the Director, CIM Investment Management Limited.

Also manages:Mackenzie Cun Em Mkts Cl Sr A

View fund manager performance report