Fund Portfolio – Mackenzie Canadian All Cap Balanced Fund Series A MFC2014 MFC3023 MFC7207 MFC4188 | Mackenzie Investments

Mackenzie Canadian All Cap Balanced Fund Series A

Asset Class: Canadian Balanced

Major Holdings (%) Help Top holdings by percentage

As of April 30, 2018
Major holdings represent 24.5% of the fund.
View all holdings
Total # of
Equity Holdings
66
Total # of
Fixed Income Holdings
425
Holding name, country and sector Percentage of holding in fund
Royal Bank of Canada
Canada | Diversified Banks
4.0%
Bank of Nova Scotia/The
Canada | Diversified Banks
4.0%
Toronto-Dominion Bank/The
Canada | Diversified Banks
3.9%
Canadian Imperial Bank of Commerce
Canada | Diversified Banks
3.1%
Enbridge Inc
Canada | Oil & Gas Storage & Transport
2.9%
Government of Canada 2.00% 06-01-2028
Canada | Federal Government
2.3%
Province of Quebec 3.50% 12-01-2045
Canada | Provincial Governments
1.6%
Government of Canada 2.75% 12-01-2048
Canada | Federal Government
1.0%
Province of Ontario 2.90% 06-02-2049
Canada | Provincial Governments
1.0%
Government of Canada 1.25% 12-01-2047 Real Return
Canada | Federal Government
0.8%

Complete Fund Holdings Help Full holdings list

As of February 28, 2018
Holding Name No. of Shares/Units Market Value CAD (000s) % of NAV
407 International Inc. 3.43% 06-01-2033 MTN 600,000 610 0.1%
407 International Inc. 3.60% 05-21-2047 Callable 510,000 510 0.1%
AAC holdings Inc. Term Loan 1st Lien F/R 06-30-2023 23,403 31 0.0%
Advanced Micro Devices Inc. 7.50% 08-15-2022 22,357 32 0.0%
AerCap Ireland Capital Designated Activity Co. 3.30% 01-23-2023 Callable 2022 200,000 252 0.0%
AGT Food and Ingredients Inc. 120,200 2,327 0.3%
AIMCo Realty Investors LP 2.27% 06-26-2024 Callable 2024 350,000 337 0.0%
AIMCo Realty Investors LP 3.04% 06-01-2028 Callable 2028 203,194 200 0.0%
Algonquin Power & Utilities Corp. 4.09% 02-17-2027 Callable 550,000 561 0.1%
Algonquin Power & Utilities Corp. 4.65% 02-15-2022 740,000 784 0.1%
Alimentation Couche-Tard Inc. Class B Sub. voting 283,000 17,656 2.7%
Allied Properties Real Estate Investment Trust 3.64% 04-21-2025 Callable 2025 490,000 477 0.1%
Allied Properties Real Estate Investment Trust 3.75% 03-13-2020 450,000 458 0.1%
Allied Properties Real Estate Investment Trust 3.93% 11-14-2022 388,000 395 0.1%
AltaGas Ltd. 3.98% 10-04-2027 Callable 2027 210,000 213 0.0%
AltaGas Ltd. Pfd. Series K 7,496 190 0.0%
AltaLink LP 3.72% 12-03-2046 Callable MTN 586,000 599 0.1%
AMC Entertainment Holdings Inc. 5.88% 11-15-2026 Callable 33,855 42 0.0%
American Woodmark Corp. 4.88% 03-15-2026 Callable 2021 144A 7,665 10 0.0%
AMS FinCo SARL Term Loan 1st Lien F/R 05-27-2024 41,312 53 0.0%
Anheuser-Busch InBev Finance Inc. 2.60% 05-15-2024 Callable 2024 800,000 778 0.1%
Anheuser-Busch InBev Finance Inc. 3.30% 02-01-2023 Callable 2022 660,000 844 0.1%
Anheuser-Busch InBev Finance Inc. 4.32% 05-15-2047 Callable Series MPLE 230,000 238 0.0%
Antero Resources Corp. 5.00% 03-01-2025 37,368 48 0.0%
APT Pipelines Ltd. 4.20% 03-23-2025 Callable 2024 144A 760,000 988 0.1%
ARC Resources Ltd. 199,265 2,467 0.4%
ArcelorMittal SA 5.13% 06-01-2020 25,551 34 0.0%
Arch Merger Sub Inc. 8.50% 09-15-2025 Callable 2020 144A 324,736 401 0.1%
Arcos Dorados Holdings Inc. 5.88% 04-04-2027 Callable 2022 60,683 80 0.0%
Arcos Dorados Holdings Inc. 6.63% 09-27-2023 25,551 35 0.0%
Argentine Bonos del Tesoro 21.20% 09-19-2018 811,238 51 0.0%
Artis Real Estate Investment Trust 3.753% 03-27-2019 540,000 545 0.1%
Asian Development Bank 6.00% 02-24-2021 2,190,983 43 0.0%
Asian Development Bank 6.45% 08-08-2021 1,053,971 21 0.0%
ASP AMC Merger Sub Inc. 8.00% 05-15-2025 Callable 2020 144A 334,075 406 0.1%
ATS Consolidated Inc. Term Loan B 1st Lien F/R 02-23-2025 77,026 99 0.0%
Aviva PLC 4.50% 05-10-2021 410,000 429 0.1%
Bank of America Corp. 3.228% 06-22-2022 230,000 234 0.0%
Bank of America Corp. 3.95% 04-21-2025 150,000 193 0.0%
Bank of America Corp. F/R 03-15-2023 Callable 2022 660,000 653 0.1%
Bank of America Corp. F/R 09-20-2025 Callable 2024 650,463 656 0.1%
Bank of Montreal 150,507 14,665 2.3%
Bank of Montreal 2.27% 07-11-2022 590,000 580 0.1%
Bank of Montreal 3.32% 06-01-2026 47,908 49 0.0%
Bank of Montreal F/R 12-15-2032 Callable 2027 315,110 386 0.1%
Barrick Gold Corp. 380,730 5,627 0.8%
bcIMC Realty Corp. 3.00% 03-31-2027 Callable 2026 540,000 534 0.1%
Bell Canada 2.70% 02-27-2024 Callable 325,749 318 0.0%
Bell Canada 3.60% 09-29-2027 Callable MTN 600,000 602 0.1%
Bell Canada 4.45% 02-27-2047 Callable 810,000 820 0.1%
Bellatrix Exploration Ltd. 8.50% 05-15-2020 Callable 144A 12,775 13 0.0%
Big Ass Fans LLC Term Loan 1st Lien F/R 05-07-2024 6,388 8 0.0%
BMC Acquisition Inc. Term Loan 1st Lien F/R 12-15-2024 6,388 8 0.0%
Boardwalk Real Estate Investment Trust 298,400 13,595 2.1%
Brazil Notas do Tesouro Nacional 10.00% 01-01-2027 18,205 74 0.0%
Brookfield Asset Management Inc. Class A limited voting 72,600 3,612 0.5%
Brookfield Asset Management Inc. Pfd. Series 46 14,955 388 0.1%
Brookfield Asset Management Inc. Pfd. Series 48 5,531 140 0.0%
Brookfield Property Partners LP 131,718 3,389 0.5%
Brookfield Renewable Energy Partners ULC 3.63% 01-15-2027 Callable 2026 300,000 297 0.0%
Brookfield Renewable Energy Partners ULC 3.752% 06-02-2025 Callable 2025 1,020,000 1,037 0.2%
Brookfield Renewable Partners LP Pfd. Series 11 16,437 413 0.1%
Bruce Power LP 2.84% 06-23-2021 1,250,000 1,255 0.2%
Bruce Power LP 3.00% 06-21-2024 Callable 2024 420,000 416 0.1%
Bruce Power LP 3.97% 06-23-2026 300,000 311 0.0%
Burger King France SAS 6.00% 05-01-2024 Callable 2020 93,260 155 0.0%
BWAY Holding Co. 7.25% 04-15-2025 144A 14,053 19 0.0%
CAE Inc. 412,968 9,771 1.4%
California Resources Corp. 8.00% 12-15-2022 Callable 2018 144A 70,265 72 0.0%
Calpine Corp. 5.25% 06-01-2026 Callable 2021 144A 36,190 45 0.0%
Calpine Corp. 5.50% 02-01-2024 Callable 2019 22,357 27 0.0%
Cameco Corp. 5.67% 09-02-2019 1,050,000 1,090 0.2%
Camelot Finance LP Term Loan 1st Lien F/R 10-03-2023 12,680 16 0.0%
Camelot Finance SA 7.88% 10-15-2024 Callable 2019 144A 45,033 61 0.0%
Can Am Construction Inc./Canada Term Loan B 1st Lien F/R 07-01-2024 210,796 275 0.0%
Canaccord Genuity Group Inc. 193,614 1,297 0.2%
Canada Goose Inc. Term Loan 1st Lien F/R 12-22-2021 239,383 304 0.0%
Canada Housing Trust No. 1 2.65% 03-15-2028 120,000 120 0.0%
Canadian Commercial Mortgage Origination Trust 1 2.768% 11-12-2018 420,767 421 0.1%
Canadian Imperial Bank of Commerce 198,023 23,208 3.5%
Canadian Imperial Bank of Commerce 2.30% 07-11-2022 DPNT 590,000 581 0.1%
Canadian Imperial Bank of Commerce 2.47% 12-05-2022 727,026 719 0.1%
Canadian Imperial Bank of Commerce 3.42% 01-26-2026 Callable 2021 1,800,000 1,829 0.3%
Canadian National Railway Co. 172,700 17,146 2.6%
Canadian National Railway Co. 3.60% 08-01-2047 Callable 2047 320,000 319 0.0%
Canadian Natural Resources Ltd. 372,400 14,803 2.3%
Canadian Pacific Railway Ltd. 73,100 16,776 2.6%
Canadian Real Estate Investment Trust 2.95% 01-18-2023 Callable 2022 310,000 305 0.0%
Canadian Tire Corp. Ltd. Class A non-voting 55,081 9,606 1.4%
Canadian Western Bank 104,554 3,966 0.6%
Canadian Western Bank 2.74% 06-16-2022 DPNT 190,000 188 0.0%
Canadian Western Bank 2.92% 12-15-2022 335,749 333 0.0%
Capital Power Corp. 315,906 7,487 1.1%
Capital Power Corp. 4.28% 09-18-2024 Callable 2024 650,000 658 0.1%
CareCentrix Inc. Term Loan B 1st Lien F/R 07-08-2021 9,509 12 0.0%
Careerbuilder LLC Term Loan 1st Lien F/R 07-31-2023 269,801 344 0.1%
Casablanca US Holdings Inc. Term Loan 1st Lien F/R 03-29-2024 31,699 41 0.0%
Cemex Finance LLC 6.00% 04-01-2024 Callable 2019 144A 24,912 33 0.0%
Cenovus Energy Inc. 257,786 2,408 0.4%
Centennial Resource Production LLC 5.38% 01-15-2026 Callable 2021 144A 15,330 20 0.0%
Central 1 Credit Union F/R 02-05-2021 140,000 140 0.0%
CenturyLink Inc. Term Loan B 1st Lien F/R 01-31-2025 49,185 62 0.0%
CES Energy Solutions Corp. 631,268 3,504 0.5%
Chartwell Retirement Residences 3.79% 12-11-2023 Callable 2023 320,000 319 0.0%
Chassix Inc. Term Loan B 1st Lien F/R 11-10-2023 175,969 228 0.0%
CHIP Mortgage Trust 2.98% 11-15-2021 250,000 245 0.0%
Chloe Ox Parent LLC Term Loan 1st Lien F/R 12-19-2024 12,137 16 0.0%
Choice Properties Real Estate Investment Trust 3.01% 03-21-2022 Callable 2022 131,916 132 0.0%
Choice Properties Real Estate Investment Trust 3.55% 01-10-2025 Callable 2024 213,833 214 0.0%
CHS/Community Health Systems Inc. 5.13% 08-01-2021 22,996 27 0.0%
Citigroup Inc. 4.09% 06-09-2025 1,190,000 1,224 0.2%
Coca-Cola Femsa SAB de CV 3.88% 11-26-2023 51,102 67 0.0%
Coeur Mining Inc. 5.88% 06-01-2024 Callable 2020 28,745 37 0.0%
Colbun SA 4.50% 07-10-2024 Callable 2024 28,106 37 0.0%
Comber Wind Financial Corp. 5.132% 11-15-2030 1,293,538 1,387 0.2%
Comfort Holding LLC Term Loan 1st Lien F/R 02-05-2024 302,429 379 0.1%
Commonwealth of Bahamas 5.75% 01-16-2024 320,838 428 0.1%
Commonwealth of Bahamas 6.95% 11-20-2029 228,304 320 0.0%
Communications Sales & Leasing Inc. 7.13% 12-15-2024 Callable 2019 144A 41,520 48 0.0%
Communications Sales & Leasing Inc. 8.25% 10-15-2023 Callable 2019 17,247 21 0.0%
Communications Sales & Leasing Inc. Term Loan B 1st Lien F/R 10-24-2022 351,524 435 0.1%
Conn's Inc. 7.25% 07-15-2022 Callable 14,372 18 0.0%
Constellium NV 4.25% 02-15-2026 Callable 2020 11,498 18 0.0%
Constellium NV 5.88% 02-15-2026 Callable 2020 144A 28,745 37 0.0%
ConvergeOne Holdings Corp. Term Loan B 1st Lien F/R 06-20-2024 39,826 51 0.0%
Corus Entertainment Inc. Class B non-voting 234,312 1,884 0.3%
Crescent Point Energy Corp. 542,900 5,011 0.7%
Crosslinx Transit Solutions General Partnership 4.651% 09-30-2046 790,000 812 0.1%
CSC Holdings LLC Term Loan B 1st Lien F/R 01-12-2026 142,775 184 0.0%
CSM NV Term Loan B F/R 07-03-2020 22,503 29 0.0%
CSP Technologies North America LLC Term Loan B 1st Lien F/R 01-29-2022 617,976 797 0.1%
CT Real Estate Investment Trust 171,118 2,225 0.3%
CU Inc. 3.76% 11-19-2046 Callable 2046 280,000 288 0.0%
CU Inc. 3.964% 07-27-2045 Callable 150,000 159 0.0%
CVR Partners LP 9.25% 06-15-2023 Callable 2019 144A 44,714 61 0.0%
Danske Bank AS 2.75% 09-17-2020 144A 210,000 268 0.0%
Danske Bank AS 2.80% 03-10-2021 144A 500,000 636 0.1%
Daseke Inc. Term Loan 1st Lien F/R 02-27-2024 418,550 544 0.1%
DaVita Healthcare Partners Inc. 5.00% 05-01-2025 Callable 2020 39,604 50 0.0%
Deerfield Holdings Corp. Term Loan B 1st Lien F/R 12-06-2024 6,388 8 0.0%
Denbury Resources Inc. 5.50% 05-01-2022 Callable 2017 5,749 6 0.0%
Denbury Resources Inc. 9.00% 05-15-2021 Callable 144A 10,220 13 0.0%
DHX Media Ltd. 5.88% 09-30-2024 Conv. 39,604 36 0.0%
DHX Media Ltd. Term Loan B 1st Lien F/R 12-29-2023 1 0.0%
Diamond (BC) BV Term Loan 1st Lien F/R 09-06-2024 18,524 24 0.0%
Diamond 1 Finance Corp. 4.42% 06-15-2021 Callable 2021 144A 70,000 92 0.0%
Diamond 1 Finance Corp. 5.45% 06-15-2023 Callable 2023 144A 140,000 190 0.0%
Diamond 1 Finance Corp. 6.02% 06-15-2026 Callable 2026 144A 140,000 192 0.0%
Digicert Holdings Inc. Term Loan 1st Lien F/R 09-20-2024 88,304 115 0.0%
Digicert Holdings Inc. Term Loan 2nd Lien F/R 10-31-2025 3,194 4 0.0%
DISH DBS Corp. 5.875% 11-15-2024 35,771 43 0.0%
Dream Office Real Estate Investment Trust 300,867 6,469 0.9%
Eagle Credit Card Trust 2.63% 10-17-2022 140,000 139 0.0%
EagleTree-Carbide Acquisition Corp. Term Loan 1st Lien F/R 08-28-2024 231,776 300 0.0%
ECN Capital Corp. 2,502,200 8,733 1.3%
EIG Management Co. LLC Term Loan B 1st Lien F/R 01-30-2025 7,665 10 0.0%
Elo Touch Solutions Inc. Term Loan B 1st Lien F/R 10-25-2023 12,743 17 0.0%
Empire Co. Ltd. Class A non-voting 437,792 10,402 1.5%
Enbridge Gas Distribution Inc. 3.51% 11-29-2047 Callable 2047 390,000 383 0.1%
Enbridge Inc. 525,752 21,456 3.2%
Enbridge Inc. 3.20% 06-08-2027 Callable 2027 260,000 250 0.0%
Enbridge Inc. 4.57% 03-11-2044 1,300,000 1,309 0.2%
Enbridge Inc. 5.37% 09-27-2077 Callable 2027 1,570,926 1,532 0.2%
EnCana Corp. 225,305 3,033 0.4%
EnerCare Solutions Inc. 3.38% 02-21-2022 Callable 2022 450,000 453 0.1%
EnerCare Solutions Inc. 3.99% 02-21-2024 Callable 2023 450,000 459 0.1%
Envigo Holdings Inc. Term Loan B 1st Lien F/R 12-14-2023 165,969 209 0.0%
EPCOR Utilities Inc. 3.55% 11-27-2047 Callable 2047 264,471 262 0.0%
European Bank for Reconstruction & Development 6.00% 05-04-2020 6,259,949 122 0.0%
Exela Intermediate LLC 10.00% 07-15-2023 Callable 2020 144A 450,000 576 0.1%
FAGE International SA / FAGE USA Dairy Industry Inc. 5.625% 08-15-2026 Callable 2021 144A 82,721 100 0.0%
Fairfax Financial Holdings Ltd. 4.25% 12-06-2027 Callable 2027 80,000 79 0.0%
Fairfax Financial Holdings Ltd. 4.50% 03-22-2023 42,159 44 0.0%
Fairfax Financial Holdings Ltd. 8.30% 04-15-2026 600,000 940 0.1%
Federation des Caisses Desjardins du Quebec 2.09% 01-17-2022 33,855 33 0.0%
Federative Republic of Brazil 5.63% 02-21-2047 78,249 97 0.0%
First Quantum Minerals Ltd. 6.88% 03-01-2026 Callable 2021 144A 21,718 28 0.0%
First Quantum Minerals Ltd. 7.25% 04-01-2023 Callable 2019 144A 28,745 38 0.0%
Fortis Inc. 240,307 10,076 1.5%
Fortress Transportation and Infrastructure Investors LLC 6.75% 03-15-2022 Callable 2020 144A 21,079 28 0.0%
Fresenius US Finance II Inc. 4.25% 02-01-2021 144A 51,102 67 0.0%
Freshii Inc. 170,755 1,197 0.2%
Frontier Communications Corp. 9.25% 07-01-2021 15,969 19 0.0%
Futures Contracts -110 0.0%
FXI Holdings Inc. 7.88% 11-01-2024 Callable 2020 144A 179,406 227 0.0%
Garda World Security Corp. Term Loan B 1st Lien F/R 05-26-2024 227,355 295 0.0%
Gateway Casinos & Entertainment Ltd. 8.25% 03-01-2024 Callable 2020 144A 66,432 91 0.0%
Gavilan Resources LLC Term Loan 2nd Lien F/R 02-23-2024 12,775 17 0.0%
General Motors Financial of Canada Ltd. 2.60% 06-01-2022 360,000 352 0.1%
Genworth Holdings Inc. Term Loan 1st Lien F/R 02-28-2023 8,304 11 0.0%
Genworth MI Canada Inc. 41,835 1,633 0.2%
GFL Environmental Inc. 5.38% 03-01-2023 Callable 2020 144A 25,551 33 0.0%
Gibson Energy Inc. 5.25% 07-15-2021 Conv. Callable 2020 25,551 27 0.0%
Gibson Energy Inc. 5.25% 07-15-2024 Callable 2020 REGS 442,688 446 0.1%
Glacier Credit Card Trust 2.05% 09-20-2022 620,000 601 0.1%
Goldcorp Inc. 351,970 5,653 0.8%
Government of Canada 1.00% 06-01-2027 510,000 458 0.1%
Government of Canada 1.25% 12-01-2047 Real Return 4,380,000 5,504 0.8%
Government of Canada 2.00% 06-01-2028 16,260,000 15,877 2.4%
Government of Canada 2.25% 06-01-2025 230,000 231 0.0%
Government of Canada 2.75% 12-01-2048 4,890,000 5,298 0.8%
Government of Dominican Republic 7.50% 05-06-2021 79,846 110 0.0%
Government of Germany 0.50% 02-15-2028 29,383 43 0.0%
Government of Russia 7.05% 01-19-2028 3,257,730 75 0.0%
Government of Turkey 11.00% 02-24-2027 338,548 111 0.0%
Great Canadian Gaming Corp. 6.625% 07-25-2022 Callable 144A 65,155 68 0.0%
Green Plains Inc. Term Loan B 1st Lien F/R 08-29-2023 159,402 208 0.0%
Greenhill & Co. Inc. Term Loan B 1st Lien F/R 10-12-2022 98,943 128 0.0%
Greenlight Merger Corp. Term Loan B 1st Lien F/R 05-31-2024 44,490 58 0.0%
H&R Real Estate Investment Trust 2.92% 05-06-2022 320,000 316 0.0%
H&R Real Estate Investment Trust 3.37% 01-30-2024 Callable 2023 630,000 622 0.1%
H&R Real Estate Investment Trust 3.42% 01-23-2023 Callable 2022 172,555 173 0.0%
Hardwoods Acquisition Inc. 7.50% 08-01-2021 Callable 144A 25,551 31 0.0%
HCN Canadian Holdings-1 LP 3.35% 11-25-2020 490,000 499 0.1%
Heathrow Funding Ltd. 3.25% 05-21-2025 574,362 578 0.1%
HSBC Bank Canada 2.17% 06-29-2022 1,080,000 1,053 0.2%
HSBC Bank Canada 2.54% 01-31-2023 420,000 414 0.1%
HSBC Holdings PLC 3.20% 12-05-2023 690,000 694 0.1%
Husky Energy Inc. 4.45% 12-31-2049 Pfd. Series 1 3,339 61 0.0%
Husky IMS International Ltd. Bridge Loan Exp. 12-16-2018 2,860,000 0.0%
Hydro One Inc. 3.72% 11-18-2047 1,150,000 1,171 0.2%
Hyster-Yale Group Inc. Term Loan B 1st Lien F/R 05-30-2023 226,080 292 0.0%
I-Logic Technologies Bidco Ltd. Term Loan B 1st Lien F/R 12-20-2024 10,859 14 0.0%
Impala Private Holdings II LLC Term Loan 1st Lien F/R 11-10-2024 14,053 18 0.0%
Indivior Finance SARL Term Loan B 1st Lien F/R 12-14-2022 8,304 11 0.0%
Industrial Alliance Insurance and Financial Services Inc. 141,879 7,717 1.1%
Inter Pipeline Ltd. 2.73% 04-18-2024 Callable 2024 650,000 628 0.1%
Inter Pipeline Ltd. 3.48% 12-16-2026 Callable 2026 670,000 657 0.1%
Interior Logic Group Inc. Term Loan B 1st Lien F/R 03-01-2024 162,023 209 0.0%
International Finance Corp. 3.625% 05-20-2020 830,000 788 0.1%
International Finance Corp. 6.30% 11-25-2024 3,993,592 78 0.0%
International Finance Corp. 7.00% 07-20-2027 2,465,654 155 0.0%
iQor US Inc. Term Loan B 1st Lien F/R 04-01-2021 617,716 796 0.1%
IRB Holding Corp. 6.75% 02-15-2026 Callable 2021 144A 66,190 85 0.0%
Iron Mountain Canada Operations ULC 5.38% 09-15-2023 Callable 2019 39,604 41 0.0%
iShares iBoxx $ High Yield Corporate Bond ETF Put Option @ $85.00 Exp. 03-16-2018 100 4 0.0%
iShares iBoxx $ High Yield Corporate Bond ETF Put Option @ $85.00 Exp. 06/15/2018 240 43 0.0%
iShares iBoxx $ High Yield Corporate Bond ETF Put Option @ $86.00 Exp. 03/16/2018 101 8 0.0%
Itron Inc. 5.00% 01-15-2026 Callable 2021 144A 40,000 51 0.0%
Jaguar Land Rover Automotive PLC 4.25% 11-15-2019 144A 25,551 33 0.0%
Jamieson Wellness Inc. 118,987 2,451 0.4%
Jane Street Group LLC Term Loan B 1st Lien F/R 08-25-2022 262,002 340 0.0%
JBS USA Lux SA Term Loan B 1st Lien F/R 10-30-2022 44,379 57 0.0%
Jefferies Finance LLC 6.88% 04-15-2022 Callable 25,551 33 0.0%
JPMorgan Chase & Co. 3.19% 03-05-2021 500,000 510 0.1%
KEMET Corp. Term Loan B 1st Lien F/R 04-26-2024 371,982 486 0.1%
Keystone Peer Review Organization Holdings Inc. Term Loan 1st Lien F/R 05-01-2024 44,602 58 0.0%
Kinross Gold Corp. 853,200 3,933 0.6%
Kronos Acquisition Holdings Inc. 9.00% 08-15-2023 144A 3,833 5 0.0%
Lamb Weston Holdings Inc. 4.88% 11-01-2026 Callable 2021 144A 17,247 22 0.0%
Lannett Co. Inc. Term Loan B 1st Lien F/R 11-25-2022 8,958 11 0.0%
Lantheus Medical Imaging Inc. Term Loan B 1st Lien F/R 06-30-2022 214,126 277 0.0%
Laurentian Bank of Canada 69,060 3,509 0.5%
Laurentian Bank of Canada 3.00% 09-12-2022 570,000 564 0.1%
Laurentian Bank of Canada F/R 10-22-2019 345,749 346 0.1%
LBM Borrower LLC Term Loan 1st Lien F/R 08-20-2022 478,236 620 0.1%
LD Intermediate Holdings Inc. Term Loan B 1st Lien F/R 12-09-2022 20,200 23 0.0%
Lee Enterprises Inc. 9.50% 03-15-2022 Callable 2018 144A 51,102 69 0.0%
LifeMiles Ltd. Term Loan B 1st Lien F/R 08-18-2022 133,816 177 0.0%
Lifetime Brands Inc. Term Loan B 1st Lien F/R 03-31-2025 7,026 9 0.0%
Linamar Corp. 31,987 2,247 0.3%
Livingston International Inc. Term Loan 1st Lien F/R 03-18-2020 9,507 9 0.0%
Loblaw Companies Ltd. 183,700 12,110 1.9%
Logibec Groupe Informatique Ltd. Term Loan 1st Lien F/R 12-31-2018 15,193 14 0.0%
MacDonald, Dettwiler & Associates Ltd. Term Loan B 1st Lien F/R 10-04-2024 14,692 19 0.0%
Mackenzie Global Tactical Bond Fund Series R 326,687 3,134 0.5%
Mackenzie Unconstrained Fixed Income Fund Series R 226,849 2,284 0.3%
Mackenzie US Investment Grade Corporate Bond Index ETF (CAD-Hedged) 26,244 2,577 0.4%
Manulife Bank of Canada 2.08% 05-26-2022 550,000 536 0.1%
Manulife Bank of Canada 2.84% 01-12-2023 254,471 254 0.0%
Manulife Financial Corp. 544,786 13,304 2.1%
Manulife Financial Corp. F/R 08-20-2029 Callable 2024 580,000 571 0.1%
Mattamy Group Corp. 6.50% 10-01-2025 Callable 2020 154,516 162 0.0%
Mattamy Group Corp. 6.50% 10-01-2025 Callable 2020 144A 118,965 160 0.0%
McAfee LLC Term Loan B 1st Lien F/R 09-30-2024 275,499 356 0.1%
McDonald's Corp. 3.13% 03-04-2025 Callable 2025 680,000 681 0.1%
MEG Energy Corp. 7.00% 03-31-2024 Callable 2018 144A 22,996 25 0.0%
Meredith Corp. 6.88% 02-01-2026 Callable 2021 144A 16,608 22 0.0%
Meredith Corp. Term Loan B 1st Lien F/R 01-18-2025 264,912 342 0.1%
Methanex Corp. 47,600 3,372 0.5%
Metro Inc. 2.68% 12-05-2022 Callable 2022 1,916 2 0.0%
Metro Inc. 3.39% 12-06-2027 Callable 2027 264,471 259 0.0%
Mexican Udibonos Inflation Indexed Bonds 4.50% 12-04-2025 252,314 109 0.0%
Morgan Stanley 3.00% 02-07-2024 774,075 766 0.1%
Mountain Province Diamonds Inc. 8.00% 12-15-2022 Callable 2019 144A 8,304 11 0.0%
National Bank of Canada 1.96% 06-30-2022 1,790,000 1,737 0.3%
Neenah Foundry Co. Term Loan B 1st Lien F/R 12-08-2022 110,220 145 0.0%
New Red Finance Inc. 4.25% 05-15-2024 Callable 2020 144A 15,969 20 0.0%
New Red Finance Inc. 5.00% 10-15-2025 Callable 2020 144A 22,357 28 0.0%
Newell Brands Inc. 4.20% 04-01-2026 Callable 2026 142,555 181 0.0%
Nokia OYJ 3.38% 06-12-2022 11,498 14 0.0%
Nokia OYJ 5.38% 05-15-2019 43,628 57 0.0%
North Battleford Power LP 4.958% 12-31-2032 567,343 618 0.1%
North West Redwater Partnership 2.80% 06-01-2027 Callable 2027 790,000 755 0.1%
North West Redwater Partnership 3.65% 06-01-2035 Callable 2034 270,000 269 0.0%
Northland Power Inc. 498,387 10,974 1.7%
Numericable-SFR 6.00% 05-15-2022 Callable 144A 136,697 171 0.0%
Nutrien Ltd. 251,401 15,851 2.4%
NuVista Energy Ltd. 6.50% 03-02-2023 Callable 2020 19,802 20 0.0%
OCI Beaumont LLC Term Loan B 1st Lien F/R 02-16-2025 100,220 129 0.0%
Odebrecht Finance Ltd. 5.25% 06-27-2029 530,000 154 0.0%
Office Depot Inc. Term Loan B 1st Lien F/R 11-08-2022 187,886 245 0.0%
Olin Corp. 5.00% 02-01-2030 Callable 2024 15,969 20 0.0%
Omega Healthcare Investors Inc. 4.50% 01-15-2025 Callable 2024 310,000 388 0.1%
OMERS Realty Corp. 3.24% 10-04-2027 Callable 2027 680,000 685 0.1%
Ontario Power Generation Inc. 3.32% 10-04-2027 Callable 2027 400,000 401 0.1%
OPB Finance Trust 2.98% 01-25-2027 420,000 420 0.1%
Osteon Merger Sub Inc. Term Loan B 1st Lien F/R 02-06-2025 66,388 86 0.0%
Parkland Fuel Corp. 6.00% 11-21-2022 Callable 88,150 91 0.0%
Pembina Pipeline Corp. 2.99% 01-22-2024 Callable 2023 259,000 254 0.0%
Penske Automotive Group Inc. 3.75% 08-15-2020 23,635 30 0.0%
Petrobras Global Finance BV 7.38% 01-17-2027 51,102 71 0.0%
Petroleos De Venezuela SA 6.00% 05-16-2024 383,436 125 0.0%
PetSmart Inc. 5.88% 06-01-2025 Callable 2020 144A 43,436 43 0.0%
PetSmart Inc. Term Loan B2 1st Lien F/R 03-10-2022 147,909 155 0.0%
Pilgrim's Pride Corp. 5.88% 09-30-2027 Callable 2022 144A 33,216 42 0.0%
Pioneer Holding LLC 9.00% 11-01-2022 Callable 2019 144A 60,000 81 0.0%
PNI Canada Acquireco Corp. Term Loan B 1st Lien F/R 08-23-2022 99,750 128 0.0%
Precision Drilling Corp. 636,200 2,570 0.4%
Premier Foods Finance PLC 6.50% 03-15-2021 Callable 43,436 78 0.0%
Prospect Medical Holdings Inc. Term Loan B 1st Lien F/R 02-15-2024 254,912 330 0.0%
Province of Newfoundland 3.70% 10-17-2048 1,380,000 1,477 0.2%
Province of Ontario 2.40% 06-02-2026 2,025,000 1,971 0.3%
Province of Ontario 2.60% 06-02-2027 1,410,000 1,384 0.2%
Province of Ontario 2.60% 09-08-2023 3,100,000 3,117 0.5%
Province of Ontario 2.80% 06-02-2048 3,510,000 3,309 0.5%
Province of Ontario 2.90% 12-02-2046 2,600,000 2,497 0.4%
Province of Ontario 4.60% 06-02-2039 800,000 986 0.1%
Province of Quebec 2.50% 09-01-2026 350,000 344 0.1%
Province of Quebec 2.75% 09-01-2027 140,000 139 0.0%
Province of Quebec 3.50% 12-01-2045 9,800,000 10,543 1.6%
Province of Quebec 3.50% 12-01-2048 830,000 900 0.1%
PSC Industrial Outsourcing LP Term Loan 2nd Lien F/R 10-05-2025 4,471 6 0.0%
PSC Industrial Outsourcing LP Term Loan B 1st Lien F/R 10-05-2024 155,330 201 0.0%
Puma International Financing SA 5.00% 01-24-2026 Callable 2021 83,040 105 0.0%
Q Holding Co. Term Loan B 1st Lien F/R 12-17-2021 44,371 58 0.0%
QCP SNF West 8.13% 11-01-2023 Callable 2019 144A 24,593 32 0.0%
Quad Graphics Inc. 7.00% 05-01-2022 31,939 42 0.0%
Quebecor Media Inc. 6.625% 01-15-2023 144A 9,326 10 0.0%
Quinpario Acquisition Corp. 2 B Term Loan 1st Lien F/R 06-30-2023 18,409 23 0.0%
Quintiles IMS Inc. 2.88% 09-15-2025 Callable 2020 15,969 25 0.0%
Rackspace Hosting Inc. 8.63% 11-15-2024 Callable 2019 144A 29,383 39 0.0%
Red Ventures LLC Term Loan B 1st Lien F/R 11-08-2024 209,277 271 0.0%
Refresco Group NV Term Loan B 1st Lien F/R 09-27-2024 3,194 4 0.0%
Reliance Intermediate Holdings LP 6.50% 04-01-2023 Callable 2018 144A 133,117 179 0.0%
Reliance LP 3.84% 03-15-2025 Callable 2025 295,110 293 0.0%
Republic of Argentina 4.63% 01-11-2023 28,745 36 0.0%
Republic of Argentina 5.88% 01-11-2028 57,809 70 0.0%
Republic of Argentina 6.88% 01-11-2048 10,859 13 0.0%
Research Now Group Inc. Term Loan 1st Lien F/R 12-20-2024 285,551 363 0.1%
Research Now Group Inc. Term Loan 2nd Lien F/R 12-20-2025 4,471 5 0.0%
Resolute Forest Products Inc. 5.875% 05-15-2023 30,661 41 0.0%
Reynolds Group Issuer Inc./Reynolds Group Issuer LLC/Reynolds Group Issue Lu 5.125% 07-15-2023 25,551 33 0.0%
Rite Aid Corp. 7.70% 02-15-2027 65,155 78 0.0%
Robertshaw Holdings Corp. Term Loan 2nd Lien F/R 02-02-2025 1,916 2 0.0%
Robertshaw US Holding Corp. Term Loan 1st Lien F/R 02-15-2025 4,471 6 0.0%
Rogers Communications Inc. Class B non-voting 65,875 3,809 0.6%
Royal Bank of Canada 293,861 29,707 4.5%
Royal Bank of Canada 2.36% 12-05-2022 274,471 270 0.0%
Royal Bank of Canada 4.65% 01-27-2026 GMTN 420,000 560 0.1%
Sage Automotive Holdings Inc. Term Loan 1st Lien F/R 11-04-2022 137,553 179 0.0%
Scientific Games International Inc. 6.25% 09-01-2020 Callable 51,102 66 0.0%
Sea to Sky Highway Investment LP 2.63% 08-31-2030 677,490 652 0.1%
Shaw Communications Inc. Pfd Series A 1,612 31 0.0%
ShawCor Ltd. 196,600 5,182 0.8%
Sinclair Television Group Inc. Term Loan B 1st Lien F/R 12-12-2024 132,137 170 0.0%
SmartCentres Real Estate Investment Trust 3.83% 12-21-2027 Callable 2027 90,000 88 0.0%
SMI Acquisition Inc. Term Loan 1st Lien F/R 10-27-2024 5,110 7 0.0%
SNC-Lavalin Group Inc. 110,700 6,163 0.9%
SNC-Lavalin Group Inc. 2.69% 11-24-2020 1,278 1 0.0%
SoftBank Group Corp. 4.75% 09-19-2024 Callable 2024 15,969 20 0.0%
SoftBank Group Corp. 5.38% 07-30-2022 Callable 2022 6,388 8 0.0%
Source Energy Services Canada LP 10.50% 12-15-2021 Callable 2018 144A 117,534 128 0.0%
Source Energy Services Ltd. 4,114 25 0.0%
Sprint Capital Corp. 6.875% 11-15-2028 33,855 42 0.0%
Sprint Corp. 7.63% 02-15-2025 Callable 2024 10,220 13 0.0%
Sprint Corp. 7.875% 09-15-2023 10,859 14 0.0%
Spy Hill Power LP 4.14% 03-31-2036 447,870 453 0.1%
Stantec Inc. 128,200 4,129 0.6%
Staples Inc. Term Loan 1st Lien F/R 08-15-2024 238,785 305 0.0%
Stonegate Pub Company Financing PLC 4.88% 03-15-2022 Callable 2019 51,102 90 0.0%
Sun Life Financial Inc. 269,139 14,227 2.2%
Sun Life Financial Inc. F/R 02-19-2026 Callable 2021 920,000 930 0.1%
Sun Life Financial Inc. F/R 09-19-2028 Callable 2023 1,090,000 1,087 0.2%
Sun Life Financial Inc. F/R 11-23-2027 Callable 2022 254,471 252 0.0%
Suncor Energy Inc. 85,809 3,625 0.5%
Sunshine Investments BV Term Loan B3 1st Lien F/R 12-15-2024 12,137 16 0.0%
Superior Plus LP 5.25% 02-27-2024 Callable 2020 118,173 120 0.0%
Sydney Airport Finance Co. Pty. Ltd. 3.625% 04-28-2026 Callable 2026 144A 819,824 1,029 0.2%
Syniverse Holdings Inc. Term Loan 1st Lien F/R 02-09-2023 109,582 142 0.0%
Talen Energy Supply LLC 10.50% 01-15-2026 Callable 2022 144A 32,137 39 0.0%
Talen Energy Supply LLC 9.50% 07-15-2022 Callable 2020 144A 24,912 32 0.0%
Team Health Holdings Inc. 6.38% 02-01-2025 Callable 2020 144A 37,687 45 0.0%
Teck Resources Ltd. Class B 253,200 9,292 1.4%
Telenet Finance Luxembourg Notes Sarl 5.50% 03-01-2028 Callable 2022 144A 12,775 16 0.0%
TELUS Corp. 208,856 9,674 1.4%
TELUS Corp. 3.35% 04-01-2024 Callable 360,000 365 0.1%
TELUS Corp. 3.63% 03-01-2028 Callable 2027 203,194 203 0.0%
TELUS Corp. 4.70% 03-06-2048 Callable 2047 560,000 575 0.1%
Tenet Healthcare Corp. 6.75% 06-15-2023 40,243 52 0.0%
TerraForm Power Operating LLC 5.00% 01-31-2028 Callable 2027 144A 166,212 207 0.0%
TerraForm Power Operating LLC Term Loan B 1st Lien F/R 11-02-2022 38,326 50 0.0%
Teva Pharmaceutical Finance Netherlands III BV 3.15% 10-01-2026 Callable 79,681 83 0.0%
The Bank of Nova Scotia 361,273 28,721 4.3%
The Bank of Nova Scotia 1.90% 12-02-2021 DPNT 530,000 517 0.1%
The Bank of Nova Scotia 2.29% 06-28-2024 660,000 637 0.1%
The Bank of Nova Scotia 2.36% 11-08-2022 810,000 797 0.1%
The Bank of Nova Scotia 4.50% 12-16-2025 270,000 355 0.1%
The Bank of Nova Scotia F/R 04-12-2066 Callable 2022 452,357 566 0.1%
The Goldman Sachs Group Inc. 2.43% 04-26-2023 Callable 750,000 733 0.1%
The Goldman Sachs Group Inc. 3.31% F/R 10-31-2025 Callable 2024 900,000 893 0.1%
The International Bank for Reconstruction and Development 3.50% 01-22-2021 2,560,000 2,430 0.4%
The Manufacturers Life Insurance Co. 2.389% 01-05-2026 Callable 2021 1,040,000 1,034 0.2%
The Men's Wearhouse Inc. 7.00% 07-01-2022 Callable 10,220 13 0.0%
The Neiman Marcus Group Ltd. LLC 8.00% 10-15-2021 Callable 144A 15,330 12 0.0%
The Pasha Group Term Loan B 1st Lien F/R 12-13-2022 15,330 20 0.0%
The Toronto-Dominion Bank 326,965 24,195 3.7%
The Toronto-Dominion Bank 1.91% 07-18-2023 DPNT 44,075 42 0.0%
The Toronto-Dominion Bank 2.05% 12-01-2022 435,600 428 0.1%
The Toronto-Dominion Bank F/R 07-25-2029 Callable 2024 1,670,000 1,655 0.2%
Thomas Cook Group PLC 6.25% 06-15-2022 Callable 2019 51,102 86 0.0%
TMX Group Ltd. 2.30% 12-11-2024 Callable 2024 264,471 261 0.0%
TMX Group Ltd. 4.46% 10-03-2023 Callable 2023 650,000 697 0.1%
Tortoise Borrower LLC Term Loan 1st Lien F/R 11-20-2024 6,388 8 0.0%
Tourmaline Oil Corp. 131,213 2,450 0.4%
TransAlta Corp. 956,074 6,845 1.0%
TransAlta Corp. Pfd. Series A 17,493 266 0.0%
TransCanada Corp. 212,093 11,771 1.8%
TransCanada Corp. Pfd. Series 15 18,160 470 0.1%
TransCanada Pipelines Ltd. 3.39% 03-15-2028 Callable 2027 480,000 486 0.1%
TransCanada Trust F/R 05-18-2077 Callable 2027 581,278 575 0.1%
Traverse Midstream Partners LLC Term Loan B 1st Lien F/R 09-21-2024 77,026 100 0.0%
Trico Products Corp. Term Loan 1st Lien F/R 02-02-2024 132,775 171 0.0%
Trillium Windpower LP 5.80% 02-15-2033 462,440 525 0.1%
Uber Technologies Inc. Term Loan B 1st Lien F/R 07-13-2023 31,656 41 0.0%
Union Gas Ltd. 3.59% 11-22-2047 Callable 2047 290,000 289 0.0%
United States Treasury Inflation Indexed 0.89% 02-15-2047 2,890,000 3,684 0.5%
Valeant Pharmaceuticals International Inc. 5.63% 12-01-2021 Callable 144A 13,542 17 0.0%
Valeant Pharmaceuticals International Inc. 9.00% 12-15-2025 Callable 2021 28,106 36 0.0%
Vanguard Mid-Cap Value ETF 86,500 12,236 1.9%
Ventas Canada Finance Ltd. 2.55% 03-15-2023 Callable 2023 490,000 478 0.1%
Ventas Realty LP 4.00% 03-01-2028 Callable 2027 180,000 229 0.0%
Verizon Communications Inc. 2.63% 08-15-2026 Callable 2026 1,090,000 1,276 0.2%
Videotron Ltee 5.625% 06-15-2025 Callable 2025 7,985 9 0.0%
Videotron Ltee 5.75% 01-15-2026 Callable 2020 23,635 25 0.0%
Vistage Worldwide Inc. Term Loan 1st Lien F/R 02-01-2025 110,859 143 0.0%
VRX Escrow Corp. 5.375% 03-15-2020 Callable 144A 33,216 43 0.0%
Waste Pro USA Inc. 5.50% 02-15-2026 Callable 2021 144A 22,996 30 0.0%
Western Dental Services Inc. Term Loan B 1st Lien F/R 06-23-2023 18,432 24 0.0%
WestJet Airlines Ltd. 325,100 8,404 1.2%
Williams Scotsman International Inc. 7.88% 12-15-2022 Callable 2019 144A 151,740 204 0.0%
Wind Tre SPA 5.00% 01-20-2026 Callable 2020 49,185 55 0.0%
Xplornet Communications Inc. 9.63% 06-01-2022 Callable 2019 144A 25,570 34 0.0%
YRC Worldwide Inc. Term Loan 1st Lien F/R 07-21-2022 180,349 234 0.0%
Zotec Partners LLC Term Loan 1st Lien F/R 02-09-2024 164,692 210 0.0%
Total Investments -- 677,009 99.4%
Cash & Equivalents -- 4,373 0.6%
Currency Hedge Contracts -- -392 -0.1%
Other Assets (Liabilities) -- 558 0.1%
Total Net Assets -- 681,548 100.0%

Asset Allocation (%) Help Holdings by region and sector

As of April 30, 2018
  • Regional Allocation
      Canada
    EQ : 69.8% | FI : 18.6%
    88.4%
      United States
    EQ : 2.3% | FI : 5.9%
    8.2%
      Other
    FI : 1.4%
    1.4%
      New Zealand
    FI : 0.4%
    0.4%
      United Kingdom
    FI : 0.4%
    0.4%
      Cash & Equivalents 1.2%
  • Sector Allocation
      Fixed Income 26.5%
      Financials 25.2%
      Energy 12%
      Industrials 8.9%
      Consumer Staples 6.4%
      Utilities 5.2%
      Materials 5.2%
      Real Estate 3.7%
      Consumer Discretionary 2%
      Telecommunication Serv. 1.9%
      Index Participation Units 1.8%
      Cash & Equivalents 1.2%
Credit Allocation (%)
AAA 5.4%
AA 5.6%
A 4.3%
BBB 5.4%
BB 1.4%
B 3.1%
CCC & Below 0.4%
NR 1.1%
Cash & Equivalents 1.2%
Equities 72.2%

Other Canadian Balanced Funds

Portfolio Managers

Hovig Moushian, MBA, CFA

Senior Vice President, Portfolio Manager

Mackenzie North American Equities Team

Investment experience since 1996

William Aldridge, MBA, CFA

Vice President, Portfolio Manager

Mackenzie North American Equities Team

Investment experience since 2002

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

Alain Bergeron, CFA

Senior Vice President, Portfolio Manager, Head of Team

Mackenzie Asset Allocation Team

Investment experience since 2000

The Investor Series versions of this fund are closed to new investments.

Series I version of this fund is closed to new investments.

Investor Series Fund Code
Front End  MFC4143

Fund Risk Measures:
  • Annualized Standard Deviation: A measure of how widely returns varied over a period. A lower standard deviation means the returns of the fund have historically been less volatile and vice-versa. Standard deviation is a measure of historical risk; future risk may be different.
  • Annualized Standard Deviation Benchmark: A measure of how widely returns varied over a period. A lower standard deviation means the returns of the benchmark have historically been less volatile, and vice-versa.
  • Alpha: A measure of the difference between a portfolio's actual return and its expected return given its level of risk. Risk is measured by beta. A positive number indicates that it has performed better than beta would predict.
  • Beta: A measure of the tendency of the value of the fund and the value of the benchmark to move together. The market has a beta of 1. If beta of a fund is higher than 1, the movement in value compared to the benchmark tends to be amplified. A beta less than 1 means the movement in value tends to be dampened.
  • R2: A measure that represents the percentage of a fund's movements that can be attributed to movements of a benchmark index.
  • Sharpe Ratio: A measure of how much of a fund's excess return is achieved for a certain level of risk. The greater a fund's Sharpe Ratio, the higher the risk-adjusted returns.

Commissions, trailing commissions, management fees, brokerage fees and expenses may be associated with investment funds. Please read the prospectus before investing. The indicated rates of return are the historical annual compounded total returns including changes in unit value and reinvestment of all distributions and does not take into account sales, redemption, distribution, or optional charges or income taxes payable by any security holder that would have reduced returns. Investment funds are not guaranteed, their values change frequently and past performance may not be repeated.

For changes in the business, operations or affairs of an investment fund, and reorganization or acquisition of assets in an investment fund during the most recent 10 years that could have materially affected the performance of the investment fund, please refer to the "Major Changes During the Last 10 Years” section in the most recent Annual Information Form.

Mutual Fund US Dollar Settlement Option details.

Index performance does not include the impact of fees, commissions, and expenses that would be payable by investors in the investment products that seek to track an index.

The rate of return is used only to illustrate the effects of the compound growth rate and is not intended to reflect future values of the investment fund or asset allocation service or returns on investment in the investment fund or from the use of the asset allocation service.

* The blended index is composed of 70% S&P/TSX Composite Index and 30% FTSE TMX Canada Universe Bond Index.

†The major holdings of the Fund may, but do not necessarily, represent the largest holdings of the Fund. Rather, the major holdings are selected for their overall significance in evaluating the investment portfolio. Please see mackenzieinvestments.com/currency to view the funds/products using currency derivatives to hedge exchange risk.

‡ Credit ratings and rating categories are based on Standard & Poor’s or DBRS (or equivalent ratings issued by other approved credit rating organizations).