We would like to provide you with information on upcoming fund events, which are included in the Mackenzie Investments Mutual Funds Simplified Prospectus renewal that we expect will be receipted in the next few days.
Launch of Mackenzie US Mid Cap Opportunities Currency Neutral Fund
Subject to receipt of our Simplified Prospectus, we will launch the Mackenzie US Mid Cap Opportunities Currency Neutral Fund on October 20, 2020. This fund is managed by the Mackenzie Growth Team, who will use their deep expertise and knowledge of US mid cap companies to seek investment opportunities with the potential to deliver long-term capital growth, while hedging all of the fund’s foreign currency exposure.
Details to assist in the fund set-up can be found here.
Additional information can be obtained from the FD file, available through Fundserv on October 16 with an effective date of October 20.
Risk rating changes
We are changing the risk ratings for the following Mackenzie mutual funds, effective September 25, 2020.
Fund name |
Current risk rating |
New risk rating |
Mackenzie Canadian Equity Class |
Low to medium |
Medium |
Mackenzie Canadian Equity Fund |
Low to medium |
Medium |
Mackenzie Maximum Diversification Canada Index Class |
Low to medium |
Medium |
Mackenzie Global Growth Class |
Low to medium |
Medium |
Mackenzie Global Equity Fund |
Low to medium |
Medium |
Mackenzie Global Environmental Equity Fund |
Low to medium |
Medium |
Mackenzie Private U.S. Equity Pool Class |
Low to medium |
Medium |
Mackenzie Private U.S. Equity Pool |
Low to medium |
Medium |
Mackenzie Maximum Diversification US Index Fund |
Low to medium |
Medium |
Mackenzie U.S. Growth Class |
Low to medium |
Medium |
Mackenzie U.S. Dividend Fund |
Low to medium |
Medium |
Mackenzie reviews risk ratings and makes adjustments in accordance with the Risk Classification Methodology mandated by the Canadian Securities Administrators (CSA). There are no changes to the investment strategies of these mutual funds.
Details of the changes are available here.
Additional information can be obtained from the FD file, available through Fundserv on September 25 with an effective date of September 28.
Fund name change
Please note that the fund below will be renamed, effective September 25, 2020:
Old name |
New name |
Mackenzie Global Leadership Impact Fund |
Mackenzie Global Women's Leadership Fund |
Details of the changes are available here.
Additional information can be obtained from the FD file, available through Fundserv on September 25 with an effective date of September 28.
New series for Mackenzie US All Cap Growth Fund
To ensure consistency in our product offering, we’re adding new fixed rate distribution series and RDSP series for Mackenzie US All Cap Growth Fund, subject to receipt of our Simplified Prospectus. These series are available as of October 20, 2020.
Details to assist in the fund and series set-up can be found here. Additional information can be obtained from the FD file available through Fundserv on October 16 with an effective date of October 20.
Mackenzie US Small-Mid Cap Growth Class & Mackenzie US Small-Mid Cap Growth Currency Neutral Class closing to new investors
Mackenzie will be soft capping these funds as of 4:00 pm ET on October 29, 2020 as a result of capacity constraints. These funds have delivered very strong performance that has resulted in sustained asset growth in recent years. We’re taking this action, in the best interests of investors, to help ensure that we protect the integrity of the portfolio managers’ investment process and that strong inflows do not hinder the managers’ ability to meet the funds’ investment objectives.
Existing investors can continue to make one-time and systematic purchases after October 29, but the funds will be closed to new investors.
Details to assist with these fund changes can be found here.
Questions?
For further information, please contact your Dealer Relations Account Manager directly. You can also call us at 1-800-268-7119 or send an email to drelations@mackenzieinvestments.com.
Thank you for your continued support of Mackenzie Investments. The Dealer Relations Team
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