Mackenzie Fixed Income Team | Mackenzie Investments

Mackenzie Fixed Income Team

Awards & Rankings

The highest ratings given by the independent investment research firm Morningstar

Latest Insights

Quarterly commentary

Q3 2017 Commentary

September 30, 2017

More commentary

Video commentary

Navigating Changing Bond Markets

April 26, 2017

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Philosophy & Process

The Mackenzie Fixed Income Team believes that fixed income management today must be rooted in a deep, multifaceted understanding of risk. Extensive collaboration among our team members, each with their own area of expertise in a segment of the fixed income markets, achieves a holistic understanding of the interdependent market drivers affecting portfolios. We integrate qualitative and quantitative research perspectives to formulate views on interest rates, currencies, and credit risk. We augment that research with rigorous fundamental credit analysis which seeks to identify companies with stability in earnings and strong free cash flow, but which also assesses company risks and asset values designed to manage downside risk at all points during the credit cycle. We actively manage a diverse array of fixed income strategies with the philosophy to always strive for the best risk-adjusted return for the investor.

Portfolio Managers

Steve Locke, MBA, CFA

Senior Vice President, Portfolio Manager, Head of Team

Mackenzie Fixed Income Team

Investment experience since 1995

Konstantin Boehmer, MBA

Vice President, Portfolio Manager

Mackenzie Fixed Income Team

Investment experience since 2003

Felix Wong, MBA, CFA

Vice President, Portfolio Manager

Mackenzie Fixed Income Team

Investment experience since 1988

Dan Cooper, CFA

Vice President, Portfolio Manager

Mackenzie Fixed Income Team

Investment experience since 2003

Movin Mokbel, MBA, CFA

Vice President, Portfolio Manager

Mackenzie Fixed Income Team

Investment experience since 2000

Commissions, trailing commissions, management fees and expenses all may be associated with mutual fund investments. Please read the prospectus before investing. Mutual funds are not guaranteed, their values change frequently and past performance may not be repeated.

Mackenzie Income Fund
On December 9, 2013, Darren McKiernan, who became Mackenzie Global Equity & Income Team Lead, and Hovig Moushian, Mackenzie All Cap Value Team Lead assumed management responsibilities for the equity portion of the mandate.

Mackenzie Strategic Income Fund
On October 30, 2009, the Fund changed its mandate from a Canadian income trust mandate to a Canadian high income balanced mandate. The past performance before this date was achieved under the previous objectives.

Mackenzie Global Strategic Income Fund
On November 24, 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.

Morningstar Star Ratings reflect performance of Series F as of October 31, 2017 and are subject to change monthly. The ratings are an objective, quantitative measure of a fund’s historical risk-adjusted performance relative to other funds in its category. Only funds with at least a three-year track record are considered. The overall star rating for a fund is a weighted combination calculated from a fund’s 3, 5, and 10-year returns, as available, measured against the 91-day treasury bill and peer group returns. A fund can only be rated if there are a sufficient number of funds in its peer group to allow comparison for at least three years. If a fund scores in the top 10% of its fund category, it gets 5 stars; if it falls in the next 22.5%, it receives 4 stars; a place in the middle 35% earns a fund 3 stars; those in the next 22.5% receive 2 stars; and the lowest 10% receive 1 star. For more details on the calculation of Morningstar Star Ratings, see www.morningstar.ca. Quartile rankings and peers beaten are calculated by Mackenzie Investments based on the fund series-level data Morningstar provides. The CIFSC categories, Star Ratings and number of funds in each category for the standard periods are: Mackenzie Global Strategic Income Fund Series F, Global Neutral Balanced category: 3 years – 5 stars (920 funds), 5 years – 4 stars (630 funds), 10 years – 5 stars (216 funds). Mackenzie Income Fund Series F, Canadian Fixed Income Balanced category: 3 years – 5 stars (432 funds), 5 years – 5 stars (311 funds), 10 years – 4 stars (126 funds). Mackenzie Strategic Income Fund Series F, Canadian Neutral Balanced category: 3 years – 5 stars (471), 5 years – 4 stars (357 funds), 10 years – 5 stars (150 funds).  Mackenzie Canadian Bond Fund Series F, Canadian Fixed Income category: 3 years – 4 stars (449 funds), 5 years – 4 stars (375 funds), 10 years – 4 stars (153 funds).