Learn More about Your Funds | Mackenzie Investments

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Learn More about Your Funds

Twice a year, mutual fund companies issue a Financial Statement and a Management Report of Fund Performance (MRFP) for each of their funds. A fund’s financial statement summarizes the fund’s financial position (net assets, operations and changes in net assets and a complete list of the investments in the fund portfolio). An MRFP includes the portfolio manager’s comments on the fund’s performance over the period and discusses recent developments, including any changes to the fund’s risk profile. The MRFP also explains important trends that could affect future performance.

You can obtain financial statements and MRFPs on our Fund Financials page or on SEDAR.

Both are available for the semi-annual (September 30) and annual periods (March 31). If you would like to receive paper copies, you must opt in to receive them. If you have previously opted in, we have your instructions on file. You can change your preference at any time by calling Mackenzie Investments Client Relations at 1-800-387-0614, or in Toronto at 416-922-3217. Or, you can email us at service@mackenzieinvestments.com.

Mackenzie’s Matured Unit Auto-Conversion Service

Please note, as investments you may hold that were purchased on a back-end load option become free of redemption fees, we may switch these securities to the front-end load option of the same series of the same fund to provide greater transparency that these securities are no longer subject to redemption fees. In certain instances matured units will be switched into a different series (Series SC, S6, and S8) of the same fund. You will not receive a Fund Facts document for transactions that occur as a result of this service. You may request a copy of the most recent Fund Facts at no cost by calling 1-800-387-0614 or by email at service@mackenzieinvestments.com.

You will not have the right to withdraw from an agreement of purchase and sale in respect of a purchase of Series SC, Series S6 or Series S8 securities made as a result of the service. You do have the right of action for damages or rescission in the event any Fund Facts, or document incorporated by reference into a simplified prospectus, for the Series SC, Series S6 or Series S8 securities contains a misrepresentation, whether or not you request the Fund Facts.

PAC It In To Save Automatically

Pay yourself first with a Pre-Authorized Chequing plan (PAC). A PAC can also help you maintain a disciplined investment approach. Set up a PAC and Mackenzie Investments will automatically transfer a set amount of money in regular intervals from your bank account and invest it in the Mackenzie Investments fund of your choice. After you enroll in a new PAC Mackenzie Investments will notify you of your rights and how to obtain updated versions of the Fund Facts for the funds that you hold. This is a one-time notification, required by securities regulators.

About Fund Facts

When you make an initial purchase of a mutual fund, you receive a document called “Fund Facts,” which is a convenient summary of key information about the fund you’re investing in. If you enroll in a pre-authorized chequing account (PAC), you will not be sent Fund Facts for future purchases through your PAC Plan unless you requested, at the time of your initial investment, to receive them. You may, however, obtain the latest updates by:

For more information, please contact your financial advisor.

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.

The content of this document (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.

This should not be construed to be legal or tax advice, as each client’s situation is different. Please consult your own legal and tax advisor.

Redemption of units or shares. At any time, you can redeem your mutual fund units or shares at the current net asset value (NAV) per unit/ share. You can mail or directly deliver your redemption request (which must be in writing) to your financial advisor or Mackenzie. We may ask that your signature be guaranteed by a bank, trust company or a member of a recognized stock exchange, or be otherwise guaranteed to Mackenzie’s satisfaction along with any other documents that Mackenzie may reasonably require. If pre-approval has been obtained, you may phone in a redemption request up to a certain amount. If we do not receive all necessary documents within 10 days, your redemption request will be cancelled. Any loss is payable by you or your dealer. Payment for your units or shares will be made no later than three business days after receipt by Mackenzie of the completed sale documents.