Mackenzie Fixed Income Capabilities | Mackenzie Investments

Mackenzie Fixed Income Capabilities

A Wide Range of Expertise. A world of Opportunity.

At Mackenzie, our team of experienced professionals is dedicated to building a wide range of fixed income solutions that address the needs of today’s investors. The Fixed Income Team’s philosophy centers around three tenets:

“Our active and flexible approach to investing helps us uncover opportunities across fixed income markets and enables us to build portfolios with the risk and return characteristics to deliver on investors’ objectives.”

– Steve Locke, MBA, CFA
Senior Vice President, Portfolio Manager Head of the Fixed Income Team

Depth and Breadth of Expertise

Rigorous Research

Mackenzie’s Fixed Income team combines macroeconomic, fundamental credit and quantitative research to ensure that the limitations of each type of analysis are balanced by the strengths of the others.

Active Portfolio Management

The portfolio managers have diverse backgrounds and experience across fixed income asset classes and markets, and each specialize in a segment of those markets.

Global Bonds

Investment Grades

Leveraged Credit

Trading Expertise

Dedicated traders offer continuous input into the investment process and portfolio allocation decisions through market-level analysis of liquidity, flows and technical trends, with the objective of bringing best execution and trading efficiency.

Mackenzie’s Fixed Income Strategies

Covering a wide array of mandates

The team offers a wide range of mandates for all your fixed income needs – whether the goal is to preserve capital, reduce overall portfolio volatility or enhance income and total return potential.

Different fixed income assets have different effects on a portfolio. If your objective is:
Capital Preservation

Bonds with higher credit quality and lower interest rate sensitivity (duration), such as federal and provincial government bonds, tend to exhibit low volatility and protect capital.

Equity Portfolio Diversification

High credit quality bonds with more interest rate sensitivity (duration), such as government or investment grade bonds, tend to be the least correlated with equities and can provide the greatest portfolio diversification.

Income

Lower credit quality bonds across the maturity spectrum, such as floating rate loans and high yield bonds, tend to offer additional yield to compensate investors for the higher credit risk, contributing greater income to the portfolio.

Actively Managed Building Blocks

Mackenzie Canadian Money Market Fund

Mackenzie Canadian Bond Fund

Morningstar rating: ★★★★

Mackenzie Unconstrained Fixed Income Fund

Morningstar rating: ★★★★

ETFMUB

Mackenzie USD Ultra Short Duration Income Fund

Mackenzie Strategic Bond Fund

Morningstar rating: ★★★★★

ETFMKB

Mackenzie Floating Rate Income Fund

Morningstar rating: ★★★★

ETFMFT

Mackenzie Investment Grade Floating Rate Fund

Morningstar rating: ★★★★★

Mackenzie Global Tactical Investment Grade Fund

Morningstar rating: ★★★

Mackenzie Global Credit Opportunities Fund

ETFMHYB

Mackenzie Canadian Short Term Income Fund

Morningstar rating: ★★★★

ETFMCSB

Mackenzie Global Tactical Bond Fund

Morningstar rating: ★★★★

ETFMGB

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

*Managed by the Fixed Income team, as of November 30, 2018

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. The content of this brochure (including facts, views, opinions, recommendations, descriptions of or references to, products or securities) is not to be used or construed as investment advice, as an offer to sell or the solicitation of an offer to buy, or an endorsement, recommendation or sponsorship of any entity or security cited. Although we endeavour to ensure its accuracy and completeness, we assume no responsibility for any reliance upon it. Morningstar Star Ratings reflect performance of Series F as of February 28, 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 (415 funds) 1.63%, 5 years – 4 stars (340 funds) 2.30%, 10 years – 4 stars (156 funds) 3.62%. Mackenzie Unconstrained Fixed Income Fund Series F, High Yield Fixed Income category: 3 years – 4 stars (343 funds) 6.42%, 5 years – n/a, 10 years – n/a. Mackenzie Strategic Bond Fund Series F, Canadian Fixed Income category: 3 years – 5 stars (415 funds) 1.63%, 5 years – 5 stars (340 funds) 2.30%, 10 years – n/a. Mackenzie Floating Rate Income Fund Series F, Floating Rate Loans category: 3 years – 5 stars (102 funds) 5.11%, 5 years – 4 stars (48 funds) 3.55%, 10 years – n/a. Mackenzie Investment Grade Floating Rate Fund Series F, Canadian Short Term Fixed Income category: 3 years – 5 stars (205 funds) 1.20%, 5 years – n/a, 10 years – n/a. Mackenzie Global Tactical Investment Grade Bond Fund Series F, Global Fixed Income category: 3 years – 3 stars (263 funds) 1.46%, 5 years – n/a, 10 years – n/a. Mackenzie Canadian Short Term Income Fund Series F, Canadian Short Term Fixed Income category: 3 years – 5 stars (205 funds) 1.20%, 5 years – 4 stars (157 funds) 1.31%, 10 years – 4 stars (57 funds) 1.84%. Mackenzie Global Tactical Bond Fund Series F, Global Fixed Income category: 3 years – 4 stars (263 funds) 1.46%, 5 years – n/a, 10 years – n/a.