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Fund Price: $6.75 (as at July 3, 2015)  1-day chg: $-.051 -0.75%  YTD: 3.41%

Returns as at May 31, 2015

  Fund Group Avg Index*
1 Month 1.10% -0.75% -1.05%
3 Months 2.81% -0.48% 1.94%
6 Months 3.57% 4.07% 10.52%
1 Year -1.27% 6.46% 15.34%
2 Year Avg 0.14% 6.09% 13.65%
3 Year Avg 7.08% 8.85% 13.72%
4 Year Avg -1.65% 1.04% 5.79%
5 Year Avg 3.00% 4.18% 8.30%
10 Year Avg - 6.29% 9.05%
15 Year Avg - 4.36% 7.32%
20 Year Avg - 4.01% 6.01%
Since Inception -4.20% - -
 
2014 -4.98% 3.10% 9.28%
2013 9.70% 1.75% 3.94%
2012 12.32% 13.28% 15.61%
 
3 year risk 11.54 11.48 10.12
3 year beta 0.78 0.89 1.00

*MSCI Emerging Markets Free ($ Cdn)

Growth of $10,000

This graph shows how a $10,000 investment in this fund would have changed in value compared with the MSCI Emerging Markets Free ($ Cdn).

Risk Measures as at May 31, 2015

Best/Worst 12 months (since inception)
Best (ending Mar 10): 73.57 bar graph of the performance of this holding (negative result) bar graph of the performance of this holding (positive result)
Worst (ending Dec 08): -64.83 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: 12 High

Fund Objectives

The Fund pursues long-term capital growth by investing mainly in equity securities of companies in emerging markets. For the purposes of this Fund, the portfolio managers define emerging markets as any country other than the developed markets of Australia, Canada, Japan, New Zealand, the United Kingdom, the United States and Western Europe. Investments can be made in countries that the portfolio managers believe have weak economies and/or unsophisticated markets. The Cundill investment approach is based on a fundamental value philosophy: invest in securities which are trading below their estimated intrinsic value, determined by analyzing financial statements, business prospects, management strengths and potential catalysts to realize security holder value. Any change to the investment objectives must be approved by a majority of votes cast at a meeting of security holders held for that reason.

Fund Facts

Fund Sponsor: Mackenzie Investments
Managed by: Mackenzie Investments
Fund Type: MF Corp
Inception Date: March 2007
Asset Class: Emerging Markets Equity
Quartile Rank: 3 (3YR ending May 31, 2015)
Total Assets: $133.6 million
Mgmt Exp. Ratio (MER): 2.88%
Management Fee: 2.25%
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 March 31, 2015

Equity Sector Weightings March 31, 2015

Fund Geography March 31, 2015

Top Holdings as at March 31, 2015

Symbol Company Name Sector Geographic
Area
Asset
Type
% of
Total Assets
  Performance as at July 3, 2015
1 Year Performance (%)
- PT Clipan Finance Indonesia Finance and Leasing Indonesia Stock 8.16   - bar graph of the performance of this holding (negative result) bar graph of the performance of this holding (positive result)
- Tian AN China Investments Property Mgmnt & Investment China Stock 7.78   - bar graph of the performance of this holding (negative result) bar graph of the performance of this holding (positive result)
- Lai Fung Holdings Property Mgmnt & Investment Hong Kong Stock 6.39   - 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 4.89   - bar graph of the performance of this holding (negative result) bar graph of the performance of this holding (positive result)
- Pranda Jewelry Public Co Ltd Misc. Consumer Products Thailand Stock 3.77   - bar graph of the performance of this holding (negative result) bar graph of the performance of this holding (positive result)
- Allied Properties (HK) Property Mgmnt & Investment Hong Kong Stock 3.2   - bar graph of the performance of this holding (negative result) bar graph of the performance of this holding (positive result)
- Samsung Electronics Co. Electrical & Electronic South Korea Stock 2.39   - bar graph of the performance of this holding (negative result) bar graph of the performance of this holding (positive result)
IEMG-N iShares Core MSCI Emerging Mkt Other United States Stock 2.17   -8.38 bar graph of the performance of this holding (negative result) bar graph of the performance of this holding (positive result)
TSM-N Taiwan Semiconductor Electrical & Electronic Taiwan Stock 1.93   1.94 bar graph of the performance of this holding (negative result) bar graph of the performance of this holding (positive result)
- Sibirskiy Cement Cement and Concrete Russia Stock 1.8   - 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 July 3, 2015)

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
Mar 27, 2015 0.0155 0.0155 0.0155 6.645

Portfolio Manager(s)

James P. Morton

Mackenzie Investments

Start Date: April, 2007

Fund Return: -4.20%

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 Cundill Recovery-C

View fund manager performance report