Mackenzie Fixed Income Team | Mackenzie Investments

Mackenzie Fixed Income Team

Navigating Changing Bond Markets

Steve Locke, Head of the Mackenzie Fixed Income Team, discusses strategies to navigate changing markets and provides an overview of the latest additions to the Mackenzie range of income solutions.

Awards & Rankings

The highest ratings given by the independent investment research firm Morningstar

Latest Insights

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

Dustin Reid, MBA

Vice President, Investment Management, Chief Fixed Income Strategist

Mackenzie Fixed Income Team

Investment experience since 1997

Caroline Chan, MBA, CFA

Vice President, Portfolio Manager

Mackenzie Fixed Income Team

Investment experience since 2002

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

Morningstar Star Ratings reflect performance of Series F as of July 31, 2019 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.

The CIFSC categories, Star Ratings, number of funds in each category, and annual compounded performance for the standard periods are: Mackenzie Canadian Bond Fund Series F, Canadian Fixed Income category: 3 years – 4 stars (456 funds), 5 years – 4 stars (345 funds), 10 years – 4 stars (161 funds). Mackenzie Unconstrained Fixed Income Fund Series F, High Yield Fixed Income category: 3 years – 4 stars (372 funds), 5 years – n/a, 10 years – n/a. Mackenzie Strategic Bond Fund Series F, Canadian Fixed Income category: 3 years – 5 stars (456 funds), 5 years – 4 stars (345 funds), 10 years – n/a. Mackenzie Floating Rate Income Fund Series F, Floating Rate Loans category: 3 years – 5 stars (94 funds), 5 years – 4 stars (62 funds), 10 years – n/a. Mackenzie Canadian Short Term Income Fund Series F, Canadian Short Term Income category: 3 years – 5 stars (210 funds), 5 years – 4 stars (176 funds), 10 years – 5 stars (61 funds).

FundGrade A+ is used with permission from Fundata Canada Inc., all rights reserved. The annual FundGrade A+® Awards are presented by Fundata Canada Inc. to recognize the "best of the best" among Canadian investment funds. The FundGrade A+® calculation is supplemental to the monthly FundGrade ratings and is calculated at the end of each calendar year. The FundGrade rating system evaluates funds based on their risk-adjusted performance, measured by Sharpe Ratio, Sortino Ratio, and Information Ratio. The score for each ratio is calculated individually, covering all time periods from 2 to 10 years. The scores are then weighted equally in calculating a monthly FundGrade. The top 10% of funds earn an A Grade; the next 20% of funds earn a B Grade; the next 40% of funds earn a C Grade; the next 20% of funds receive a D Grade; and the lowest 10% of funds receive an E Grade. To be eligible, a fund must have received a FundGrade rating every month in the previous year. The FundGrade A+® uses a GPA-style calculation, where each monthly FundGrade from "A" to "E" receives a score from 4 to 0, respectively. A fund's average score for the year determines its GPA. Any fund with a GPA of 3.5 or greater is awarded a FundGrade A+® Award.

For more information, see http://www.fundgradeawards.com/. Although Fundata makes every effort to ensure the accuracy and reliability of the data contained herein, the accuracy is not guaranteed by Fundata.