Mackenzie Investments announces automated preferred pricing service and management fee reductions | Mackenzie Investments

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Mackenzie Investments announces automated preferred pricing service and management fee reductions


TORONTO – March 8, 2017 – Mackenzie Financial Corporation (Mackenzie Investments) announced today that it is implementing automatic switching into its Private Wealth Series.

Beginning April 13, 2017, and the second Friday of every month thereafter, qualified investors – investors with a minimum of $100,000 per fund and households with a minimum of $250,000 – will be automatically switched into the appropriate Private Wealth series. These switches will occur such that investors will be invested in the lowest fee series for which they qualify.

Mackenzie’s Private Wealth Solutions Preferred Pricing will be further enhanced with the introduction of a high-water mark. The high-water mark will benefit investors by providing fee protection against downward market movements by locking in the highest market value their portfolio has reached net of redemptions.

“At Mackenzie Investments, we are continually seeking out initiatives to support advisors in helping their clients meet their financial goals. We are proud to offer Private Wealth Solutions Preferred Pricing to our investors. Our goal is to ensure all clients are transitioned into our Private Wealth Series once they qualify,” said Barry McInerney, President and Chief Executive Officer.

Mackenzie will align its retail and Private Wealth Solutions Preferred Pricing shelves by launching corresponding Private Wealth series where required. Additionally, as part of that alignment and in an effort to align with the dealer compensation generally paid in the industry for funds in the fixed income categories, Mackenzie will reduce management fees and dealer compensation on certain fixed income funds.

The following changes will be made effective April 3:

Fund name Management Fee (%) SCS Dealer Compensation (%) RCS and LL3 Dealer Compensation (%)
Current New Current New Current New
Mackenzie Floating Rate Income Fund A/T6 1.60% 1.55% n/a n/a 0.30% 0.25%
Mackenzie Floating Rate Income Fund SC/S6 1.40% 1.25% 0.65% 0.50% n/a n/a
Mackenzie Floating Rate Income Fund AR 1.60% 1.55% 0.65% 0.50% 0.30% 0.25%
Mackenzie Global Tactical Bond Fund A/T6 1.60% 1.55% n/a n/a 0.30% 0.25%
Mackenzie Global Tactical Bond Fund SC/S6 1.40% 1.25% 0.65% 0.50% n/a n/a
Mackenzie Global Tactical Bond Fund AR 1.60% 1.55% 0.65% 0.50% 0.30% 0.25%
Mackenzie Global Tactical Investment Grade Bond Fund A/T6 1.50% 1.45% n/a n/a 0.30% 0.25%
Mackenzie Global Tactical Investment Grade Bond Fund SC/S6 1.25% 1.15% 0.60% 0.50% n/a n/a
Mackenzie Global Tactical Investment Grade Bond Fund AR 1.50% 1.45% 0.60% 0.50% 0.30% 0.25%
Mackenzie Investment Grade Floating Rate Fund SC/S6 1.15% 1.10% 0.55% 0.50% n/a n/a
Mackenzie North American Corporate Bond Fund A/T6* 1.50% 1.45% n/a n/a 0.30% 0.25%
Mackenzie North American Corporate Bond Fund SC/S6* NEW 1.25% NEW 0.50% n/a n/a
Mackenzie North American Corporate Bond Fund J** 1.45% 1.35% 0.60% 0.50% n/a n/a
Mackenzie Strategic Bond Fund SC/S6 1.15% 1.10% 0.55% 0.50% n/a n/a
Mackenzie Unconstrained Fixed Income Fund A/T8 1.45% 1.40% n/a n/a 0.30% 0.25%
Mackenzie Unconstrained Fixed Income Fund SC/S8 1.25% 1.10% 0.65% 0.50% n/a n/a
Mackenzie Unconstrained Fixed Income Fund AR 1.45% 1.40% 0.65% 0.50% 0.30% 0.25%
Mackenzie USD Global Tactical Bond Fund A/T6 1.60% 1.55% n/a n/a 0.30% 0.25%
Mackenzie USD Global Tactical Bond Fund SC/S6 1.40% 1.25% 0.65% 0.50% n/a n/a
Mackenzie USD Ultra Short Duration Income Fund SC/S6 0.90% 0.80% 0.35% 0.25% n/a n/a
Mackenzie USD Ultra Short Duration Income Fund Series PW 0.90% 0.80% 0.25% 0.25% n/a n/a
Symmetry Fixed Income Portfolio A/T6 1.20% 1.00% 0.70% 0.50% 0.35% 0.25%
Symmetry Fixed Income Portfolio Series PW 1.20% 1.00% 0.70% 0.50% n/a n/a
Symmetry Fixed Income Portfolio AR 1.20% 1.00% 0.70% 0.50% 0.35% 0.25%

* Mackenzie will introduce Series SC and S6, available in front-end purchase option only, for the North American Corporate Bond Fund. The front-end purchase option units of Series A and T6 of the fund will be rolled over to the new Series SC and S6, respectively, on April 3, 2017 the effective date of the dealer compensation and management fee changes.

** Not available for sale

About Mackenzie Investments

Mackenzie Investments was founded in 1967, and is a leading investment management firm providing investment advisory and related services. With $65.6 billion in assets under management as of February 28, 2017, Mackenzie Investments distributes its investment services through multiple distribution channels to both retail and institutional investors. Mackenzie Investments is a member of the IGM Financial Inc. (TSX: IGM) group of companies. IGM Financial is one of Canada's premier financial services companies with $145 billion in total assets under management as of February 28, 2017.

For further information, please contact:

Trish Tervit
Director, Communications and Media Relations
Mackenzie Investments
416-967-2166
ttervit@mackenzieinvestments.com