TORONTO – March 19, 2019 – Mackenzie Investments announced today that it will assume investment management responsibilities for all externally sub-advised mandates within the Symmetry Canadian Bond Fund, effective immediately. As an underlying fund within the Symmetry Managed Solution program, the Symmetry Canadian Bond Fund is not directly available for sale to the public.
“Investors in Mackenzie’s Symmetry Managed Solution program benefit from world-class investment management expertise from leading investment managers within Mackenzie and outside,” said Alain Bergeron, Senior Vice President and Head of the Mackenzie Multi-Asset Strategies Team. “Consolidating the management of our Canadian bond mandates into Mackenzie’s Fixed Income Team is a testament to the performance strength and investment skill they have demonstrated for investors over the past several years.” Mackenzie’s Fixed Income Team, led by Steve Locke, includes 20 investment professionals. The team’s knowledge and stewardship has resulted in numerous funds with four and five-star Morningstar ratings and award-winning performance at the Fundata Awards for the Mackenzie Income Fund for the second consecutive year. About Mackenzie InvestmentsMackenzie Investments was founded in 1967 and is a leading investment management firm providing investment advisory and related services. With $137.6 billion in assets under management as of February 28, 2019. Mackenzie Investments distributes its investment services through multiple distribution channels to both retail and institutional investors. Mackenzie Investments is a member of the IGM Financial Inc. (TSX: IGM) group of companies. IGM Financial is one of Canada's premier financial services companies with over $157.6 billion in total assets under management as of February 28, 2019. For more information, visit mackenzieinvestments.com.
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 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.
Morningstar Star Ratings 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.
For further information, please contact: