Fund Portfolio – Mackenzie Canadian Bond Fund Series A MFC302 MFC7012 MFC3168 | Mackenzie Investments

Mackenzie Canadian Bond Fund Series A

Asset Class: Canadian Fixed Income

Major Holdings (%) Help Top holdings by percentage

As of April 30, 2018
Major holdings represent 31.4% of the fund.
View all holdings
Total # of
Fixed Income Holdings
223
Holding name, country and sector Percentage of holding in fund
Government of Canada 2.00% 06-01-2028
Canada | Federal Government
9.2%
Canada Housing Trust No. 1 2.35% 06-15-2023
Canada | Federal Government
2.8%
Province of Ontario 2.60% 09-08-2023
Canada | Provincial Governments
2.8%
Government of Canada 1.25% 12-01-2047 Real Return
Canada | Federal Government
2.8%
Province of Ontario 2.90% 06-02-2049
Canada | Provincial Governments
2.7%
Province of Quebec 3.50% 12-01-2045
Canada | Provincial Governments
2.7%
Province of Ontario 2.40% 06-02-2026
Canada | Provincial Governments
2.4%
Province of Ontario 2.60% 06-02-2027
Canada | Provincial Governments
2.3%
Province of Ontario 2.80% 06-02-2048
Canada | Provincial Governments
2.0%
Province of Ontario Canada 2.90% 06-02-2028
Canada | Provincial Governments
1.7%

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 3,870,000 3,932 0.3%
407 International Inc. 3.60% 05-21-2047 Callable 1,960,000 1,960 0.2%
Access Justice Durham 5.015% 08-31-2039 3,024,670 3,390 0.3%
AerCap Ireland Capital Designated Activity Co. 3.30% 01-23-2023 Callable 2022 1,160,000 1,460 0.1%
AIMCo Realty Investors LP 2.27% 06-26-2024 Callable 2024 1,990,000 1,917 0.2%
AIMCo Realty Investors LP 3.04% 06-01-2028 Callable 2028 1,180,000 1,162 0.1%
Algonquin Power & Utilities Corp. 4.09% 02-17-2027 Callable 2,610,000 2,664 0.2%
Algonquin Power & Utilities Corp. 4.65% 02-15-2022 2,380,000 2,522 0.2%
Algonquin Power & Utilities Corp. 5.50% 07-25-2018 Callable 440,000 446 0.0%
Allied Properties Real Estate Investment Trust 3.64% 04-21-2025 Callable 2025 2,660,000 2,591 0.2%
Allied Properties Real Estate Investment Trust 3.75% 03-13-2020 1,745,000 1,778 0.1%
Allied Properties Real Estate Investment Trust 3.93% 11-14-2022 1,736,000 1,766 0.1%
AltaGas Ltd. 3.72% 09-28-2021 Callable 2,470,000 2,542 0.2%
AltaGas Ltd. 3.98% 10-04-2027 Callable 2027 1,190,000 1,205 0.1%
AltaLink LP 3.72% 12-03-2046 Callable MTN 2,029,000 2,076 0.2%
Anheuser-Busch InBev Finance Inc. 2.60% 05-15-2024 Callable 2024 4,390,000 4,269 0.3%
Anheuser-Busch InBev Finance Inc. 3.30% 02-01-2023 Callable 2022 2,400,000 3,070 0.2%
Anheuser-Busch InBev Finance Inc. 4.32% 05-15-2047 Callable Series MPLE 1,340,000 1,385 0.1%
APT Pipelines Ltd. 4.20% 03-23-2025 Callable 2024 144A 2,490,000 3,235 0.3%
APT Pipelines Ltd. 4.245% 07-24-2019 4,460,000 4,561 0.4%
Artis Real Estate Investment Trust 3.753% 03-27-2019 1,730,000 1,747 0.1%
AT&T Inc. 3.825% 11-25-2020 2,790,000 2,881 0.2%
Aviva PLC 4.50% 05-10-2021 2,430,000 2,541 0.2%
Bank of America Corp. 3.228% 06-22-2022 1,210,000 1,229 0.1%
Bank of America Corp. F/R 03-15-2023 Callable 2022 3,460,000 3,425 0.3%
Bank of America Corp. F/R 09-20-2025 Callable 2024 2,810,000 2,833 0.2%
Bank of Montreal 2.27% 07-11-2022 5,810,000 5,715 0.5%
Bank of Montreal 2.70% 09-11-2024 DPNT 5,260,000 5,197 0.4%
Bank of Montreal 3.32% 06-01-2026 7,960,000 8,072 0.6%
Bank of Montreal F/R 12-15-2032 Callable 2027 1,790,000 2,193 0.2%
bcIMC Realty Corp. 3.00% 03-31-2027 Callable 2026 2,570,000 2,542 0.2%
Bell Canada 2.70% 02-27-2024 Callable 3,250,000 3,176 0.3%
Bell Canada 3.35% 06-18-2019 4,320,000 4,383 0.4%
Bell Canada 3.60% 09-29-2027 Callable MTN 3,490,000 3,504 0.3%
Bell Canada 4.45% 02-27-2047 Callable 5,670,000 5,740 0.5%
Brookfield Renewable Energy Partners ULC 3.63% 01-15-2027 Callable 2026 2,200,000 2,177 0.2%
Brookfield Renewable Energy Partners ULC 3.752% 06-02-2025 Callable 2025 5,610,000 5,702 0.5%
Bruce Power LP 2.84% 06-23-2021 5,390,000 5,411 0.4%
Bruce Power LP 3.00% 06-21-2024 Callable 2024 4,020,000 3,981 0.3%
Bruce Power LP 3.97% 06-23-2026 1,790,000 1,853 0.1%
Cameco Corp. 5.67% 09-02-2019 3,720,000 3,863 0.3%
Canada Housing Trust No. 1 2.40% 12-15-2022 24,850,000 24,975 2.0%
Canada Housing Trust No. 1 2.65% 03-15-2028 23,750,000 23,824 1.9%
Canadian Commercial Mortgage Origination Trust 1 2.768% 11-12-2018 1,166,673 1,169 0.1%
Canadian Credit Card Trust II 1.829% 03-24-2020 3,990,000 3,950 0.3%
Canadian Imperial Bank of Commerce 2.30% 07-11-2022 DPNT 8,420,000 8,297 0.7%
Canadian Imperial Bank of Commerce 2.47% 12-05-2022 6,780,000 6,704 0.5%
Canadian Imperial Bank of Commerce 3.00% 10-28-2024 Callable 2019 2,410,000 2,429 0.2%
Canadian Imperial Bank of Commerce 3.42% 01-26-2026 Callable 2021 7,750,000 7,877 0.6%
Canadian National Railway Co. 3.60% 08-01-2047 Callable 2047 1,240,000 1,237 0.1%
Canadian Real Estate Investment Trust 2.95% 01-18-2023 Callable 2022 1,630,000 1,606 0.1%
Canadian Real Estate Investment Trust 4.323% 01-15-2021 1,400,000 1,456 0.1%
Canadian Western Bank 2.74% 06-16-2022 DPNT 1,090,000 1,079 0.1%
Canadian Western Bank 2.92% 12-15-2022 1,920,000 1,906 0.2%
Capital Power Corp. 4.28% 09-18-2024 Callable 2024 3,800,000 3,845 0.3%
Cards II Trust 2.155% 10-15-2020 4,610,000 4,579 0.4%
Central 1 Credit Union 2.60% 11-07-2022 1,440,000 1,417 0.1%
Central 1 Credit Union F/R 02-05-2021 830,000 830 0.1%
Chartwell Retirement Residences 3.79% 12-11-2023 Callable 2023 2,780,000 2,771 0.2%
CHIP Mortgage Trust 2.98% 11-15-2021 1,060,000 1,038 0.1%
Choice Properties Real Estate Investment Trust 3.01% 03-21-2022 Callable 2022 730,000 731 0.1%
Choice Properties Real Estate Investment Trust 3.55% 01-10-2025 Callable 2024 1,230,000 1,230 0.1%
Choice Properties Real Estate Investment Trust 4.055% 11-24-2025 Callable 2,580,000 2,645 0.2%
Citigroup Inc. 3.39% 11-18-2021 2,947,000 3,017 0.2%
Citigroup Inc. 4.09% 06-09-2025 3,730,000 3,835 0.3%
Crosslinx Transit Solutions General Partnership 4.651% 09-30-2046 2,610,000 2,684 0.2%
CU Inc. 3.76% 11-19-2046 Callable 2046 1,400,000 1,442 0.1%
CU Inc. 3.964% 07-27-2045 Callable 590,000 627 0.1%
Danske Bank AS 2.75% 09-17-2020 144A 750,000 956 0.1%
Danske Bank AS 2.80% 03-10-2021 144A 1,840,000 2,340 0.2%
Eagle Credit Card Trust 2.147% 09-17-2020 1,760,000 1,746 0.1%
Eagle Credit Card Trust 2.63% 10-17-2022 800,000 795 0.1%
Enbridge Gas Distribution Inc. 3.51% 11-29-2047 Callable 2047 2,220,000 2,177 0.2%
Enbridge Inc. 3.20% 06-08-2027 Callable 2027 1,480,000 1,422 0.1%
Enbridge Inc. 4.57% 03-11-2044 6,910,000 6,956 0.6%
Enbridge Inc. 5.37% 09-27-2077 Callable 2027 8,440,000 8,231 0.7%
EnerCare Solutions Inc. 3.38% 02-21-2022 Callable 2022 2,320,000 2,337 0.2%
EnerCare Solutions Inc. 3.99% 02-21-2024 Callable 2023 2,300,000 2,345 0.2%
EPCOR Utilities Inc. 3.55% 11-27-2047 Callable 2047 1,510,000 1,494 0.1%
Fairfax Financial Holdings Ltd. 4.25% 12-06-2027 Callable 2027 130,000 128 0.0%
Fairfax Financial Holdings Ltd. 4.50% 03-22-2023 1,670,000 1,737 0.1%
Fairfax Financial Holdings Ltd. 5.84% 10-14-2022 1,920,000 2,111 0.2%
Fairfax Financial Holdings Ltd. 8.30% 04-15-2026 2,180,000 3,416 0.3%
Federation des Caisses Desjardins du Quebec 2.09% 01-17-2022 10,040,000 9,839 0.8%
Fortified Trust 1.67% 07-23-2021 2,890,000 2,808 0.2%
Fortified Trust 2.16% 10-23-2020 4,230,000 4,201 0.3%
FortisAlberta Inc. 3.67% 09-09-2047 Callable 2047 600,000 606 0.0%
Futures Contracts -622 0.0%
Gaz Metro Inc. 1.52% 05-25-2020 1,010,000 995 0.1%
General Motors Financial of Canada Ltd. 2.60% 06-01-2022 2,020,000 1,973 0.2%
Genesis Trust II 1.699% 04-15-2020 3,870,000 3,820 0.3%
Glacier Credit Card Trust 2.05% 09-20-2022 3,440,000 3,333 0.3%
Government of Canada 1.00% 06-01-2027 11,580,000 10,395 0.8%
Government of Canada 1.25% 12-01-2047 Real Return 24,840,000 31,215 2.5%
Government of Canada 2.00% 06-01-2028 90,290,000 88,162 7.0%
Government of Canada 2.00% 12-01-2041 Real Return 1,450,000 2,238 0.2%
Government of Canada 2.25% 06-01-2025 3,300,000 3,319 0.3%
Government of Canada 2.75% 12-01-2048 15,610,000 16,911 1.4%
Granite REIT Holdings LP 3.87% 11-30-2023 Callable 2023 820,000 824 0.1%
H&R Real Estate Investment Trust 2.92% 05-06-2022 1,520,000 1,502 0.1%
H&R Real Estate Investment Trust 3.37% 01-30-2024 Callable 2023 3,290,000 3,248 0.3%
H&R Real Estate Investment Trust 3.42% 01-23-2023 Callable 2022 960,000 962 0.1%
HCN Canadian Holdings-1 LP 3.35% 11-25-2020 1,650,000 1,682 0.1%
Health Montreal Collective LP 6.721% 09-30-2049 1,490,000 1,990 0.2%
Heathrow Funding Ltd. 3.25% 05-21-2025 2,580,000 2,598 0.2%
Hollis Receivables Term Trust II 1.788% 02-26-2020 7,270,000 7,199 0.6%
HSBC Bank Canada 2.17% 06-29-2022 10,500,000 10,239 0.8%
HSBC Bank Canada 2.54% 01-31-2023 2,420,000 2,383 0.2%
HSBC Holdings PLC 3.20% 12-05-2023 3,460,000 3,480 0.3%
Hydro One Inc. 3.72% 11-18-2047 4,570,000 4,655 0.4%
Hydro-Quebec Interest Strip 0% 02-15-2025 2,880,000 2,370 0.2%
Industrial Alliance Insurance and Financial Services Inc. 2.80% 05-16-2024 Callable 2019 1,230,000 1,235 0.1%
Inter Pipeline Ltd. 2.73% 04-18-2024 Callable 2024 4,680,000 4,518 0.4%
Inter Pipeline Ltd. 3.173% 03-24-2025 Callable 2024 MTN 3,590,000 3,512 0.3%
Inter Pipeline Ltd. 3.48% 12-16-2026 Callable 2026 2,610,000 2,560 0.2%
International Finance Corp. 3.625% 05-20-2020 2,960,000 2,809 0.2%
JPMorgan Chase & Co. 3.19% 03-05-2021 2,630,000 2,681 0.2%
Laurentian Bank of Canada 3.00% 09-12-2022 3,350,000 3,315 0.3%
Laurentian Bank of Canada F/R 10-22-2019 1,930,000 1,932 0.2%
Mackenzie US Investment Grade Corporate Bond Index ETF (CAD-Hedged) 190,898 18,743 1.5%
Manulife Bank of Canada 1.92% 09-01-2021 2,630,000 2,566 0.2%
Manulife Bank of Canada 2.08% 05-26-2022 3,060,000 2,980 0.2%
Manulife Bank of Canada 2.84% 01-12-2023 1,580,000 1,580 0.1%
Manulife Financial Corp. F/R 08-20-2029 Callable 2024 3,310,000 3,258 0.3%
McDonald's Corp. 3.13% 03-04-2025 Callable 2025 3,900,000 3,904 0.3%
Metro Inc. 2.68% 12-05-2022 Callable 2022 730,000 723 0.1%
Metro Inc. 3.39% 12-06-2027 Callable 2027 1,540,000 1,506 0.1%
Molson Coors International LP 2.84% 07-15-2023 Callable 2023 2,270,000 2,224 0.2%
Morgan Stanley 3.00% 02-07-2024 4,110,000 4,069 0.3%
National Bank of Canada 1.96% 06-30-2022 10,760,000 10,441 0.8%
NBC Asset Trust 7.447% Perpetual (F/R @ 06-30-2020) Callable 2020 10,620,000 11,594 0.9%
Newell Brands Inc. 4.20% 04-01-2026 Callable 2026 850,000 1,081 0.1%
North Battleford Power LP 4.958% 12-31-2032 1,720,039 1,873 0.1%
North West Redwater Partnership 2.80% 06-01-2027 Callable 2027 2,760,000 2,639 0.2%
North West Redwater Partnership 3.65% 06-01-2035 Callable 2034 1,480,000 1,472 0.1%
OMERS Realty Corp. 3.24% 10-04-2027 Callable 2027 7,410,000 7,463 0.6%
Ontario Electricity Financial Corp. 0% 11-27-2020 4,910,000 4,613 0.4%
Ontario Hydro 0% 05-26-2025 2,580,000 2,083 0.2%
Ontario Power Generation Inc. 3.32% 10-04-2027 Callable 2027 2,320,000 2,323 0.2%
OPB Finance Trust 2.98% 01-25-2027 2,190,000 2,188 0.2%
Pembina Pipeline Corp. 2.99% 01-22-2024 Callable 2023 3,554,000 3,492 0.3%
Province of Manitoba 1.738% 12-01-2018 Real Return 8,615,000 10,569 0.8%
Province of Newfoundland 3.70% 10-17-2048 7,970,000 8,532 0.7%
Province of Ontario 0% 06-02-2024 14,560,000 12,288 1.0%
Province of Ontario 0% 06-02-2026 3,170,000 2,489 0.2%
Province of Ontario 0% 07-13-2022 5,870,000 5,252 0.4%
Province of Ontario 2.40% 06-02-2026 32,180,000 31,329 2.5%
Province of Ontario 2.60% 06-02-2027 37,950,000 37,248 3.0%
Province of Ontario 2.60% 09-08-2023 22,540,000 22,661 1.8%
Province of Ontario 2.80% 06-02-2048 16,270,000 15,341 1.2%
Province of Ontario 2.90% 12-02-2046 11,710,000 11,244 0.9%
Province of Ontario 4.60% 06-02-2039 4,000,000 4,931 0.4%
Province of Ontario Generic Coupon Strip 0% 12-02-2023 7,050,000 6,053 0.5%
Province of Quebec 0% 04-01-2026 Generic Strip 3,380,000 2,670 0.2%
Province of Quebec 2.50% 09-01-2026 6,860,000 6,734 0.5%
Province of Quebec 2.75% 09-01-2027 9,296,000 9,256 0.7%
Province of Quebec 3.50% 12-01-2045 32,110,000 34,544 2.8%
Province of Quebec 3.50% 12-01-2048 10,060,000 10,912 0.9%
Reliance LP 3.813% 09-15-2020 1,540,000 1,571 0.1%
Reliance LP 3.84% 03-15-2025 Callable 2025 1,690,000 1,675 0.1%
Royal Bank of Canada 2.00% 03-21-2022 10,300,000 10,051 0.8%
Royal Bank of Canada 2.33% 12-05-2023 DPNT 4,430,000 4,318 0.3%
Royal Bank of Canada 2.36% 12-05-2022 1,590,000 1,564 0.1%
Royal Bank of Canada 4.65% 01-27-2026 GMTN 2,220,000 2,959 0.2%
Sea to Sky Highway Investment LP 2.63% 08-31-2030 2,607,871 2,510 0.2%
SmartCentres Real Estate Investment Trust 3.83% 12-21-2027 Callable 2027 510,000 501 0.0%
SNC-Lavalin Group Inc. 2.69% 11-24-2020 480,000 480 0.0%
Spy Hill Power LP 4.14% 03-31-2036 1,681,800 1,703 0.1%
Sun Life Financial Inc. F/R 02-19-2026 Callable 2021 3,310,000 3,344 0.3%
Sun Life Financial Inc. F/R 09-19-2028 Callable 2023 4,010,000 3,998 0.3%
Sun Life Financial Inc. F/R 11-23-2027 Callable 2022 1,450,000 1,436 0.1%
Sydney Airport Finance Co. Pty. Ltd. 3.625% 04-28-2026 Callable 2026 144A 2,950,000 3,703 0.3%
TD Capital Trust IV 6.63% 06-30-2108 Callable 2021 3,510,000 3,910 0.3%
TELUS Corp. 3.35% 04-01-2024 Callable 2,050,000 2,077 0.2%
TELUS Corp. 3.63% 03-01-2028 Callable 2027 1,210,000 1,206 0.1%
TELUS Corp. 4.70% 03-06-2048 Callable 2047 2,970,000 3,048 0.2%
The Bank of Nova Scotia 1.83% 04-27-2022 5,850,000 5,660 0.5%
The Bank of Nova Scotia 1.90% 12-02-2021 DPNT 6,900,000 6,726 0.5%
The Bank of Nova Scotia 2.29% 06-28-2024 11,160,000 10,771 0.9%
The Bank of Nova Scotia 2.36% 11-08-2022 4,650,000 4,575 0.4%
The Bank of Nova Scotia 4.50% 12-16-2025 1,420,000 1,867 0.1%
The Bank of Nova Scotia 6.45% 01-01-2025 2,751,114 3,241 0.3%
The Bank of Nova Scotia F/R 04-12-2066 Callable 2022 2,470,000 3,091 0.2%
The Fédération des Caisses Desjardins du Québec 2.39% 08-25-2022 3,400,000 3,354 0.3%
The Goldman Sachs Group Inc. 2.43% 04-26-2023 Callable 4,040,000 3,950 0.3%
The Goldman Sachs Group Inc. 3.31% F/R 10-31-2025 Callable 2024 6,080,000 6,031 0.5%
The International Bank for Reconstruction and Development 3.50% 01-22-2021 9,200,000 8,731 0.7%
The Manufacturers Life Insurance Co. 2.389% 01-05-2026 Callable 2021 3,200,000 3,181 0.3%
The Manufacturers Life Insurance Co. 2.81% 02-21-2024 Callable 2019 5,450,000 5,486 0.4%
The Toronto-Dominion Bank 1.91% 07-18-2023 DPNT 7,240,000 6,934 0.6%
The Toronto-Dominion Bank 2.05% 03-08-2021 320,000 316 0.0%
The Toronto-Dominion Bank 2.05% 12-01-2022 1,363,927 1,342 0.1%
The Toronto-Dominion Bank 5.38% 07-01-2028 6,472,862 7,315 0.6%
The Toronto-Dominion Bank 5.50% 04-01-2024 958,699 1,066 0.1%
The Toronto-Dominion Bank 6.125% 12-01-2024 4,911,450 5,712 0.5%
The Toronto-Dominion Bank F/R 07-25-2029 Callable 2024 5,570,000 5,520 0.4%
Thomson Reuters Corp. 3.309% 11-12-2021 Callable 2,270,000 2,317 0.2%
TMX Group Ltd. 2.30% 12-11-2024 Callable 2024 1,510,000 1,489 0.1%
TMX Group Ltd. 4.46% 10-03-2023 Callable 2023 3,225,000 3,458 0.3%
TransCanada Pipelines Ltd. 3.39% 03-15-2028 Callable 2027 2,770,000 2,804 0.2%
TransCanada Trust F/R 05-18-2077 Callable 2027 3,220,000 3,186 0.3%
Transurban Finance Co. Pty Ltd. 3.368% 03-06-2019 3,130,000 3,174 0.3%
Trillium Windpower LP 5.80% 02-15-2033 1,640,354 1,862 0.1%
Union Gas Ltd. 3.59% 11-22-2047 Callable 2047 1,650,000 1,643 0.1%
United States Treasury Inflation Indexed 0.89% 02-15-2047 16,970,000 21,632 1.7%
Ventas Canada Finance Ltd. 2.55% 03-15-2023 Callable 2023 2,740,000 2,673 0.2%
Ventas Realty LP 4.00% 03-01-2028 Callable 2027 1,110,000 1,415 0.1%
Verizon Communications Inc. 2.63% 08-15-2026 Callable 2026 4,220,000 4,941 0.4%
Wells Fargo & Co. 2.222% 03-15-2021 5,690,000 5,621 0.4%
Wells Fargo & Co. 2.98% 05-19-2026 2,263,000 2,179 0.2%
Westcoast Energy Inc. 4.79% 10-28-2041 2,570,000 2,815 0.2%
Total Investments -- 1,057,374 84.7%
Cash & Equivalents -- 173,576 13.7%
Currency Hedge Contracts -- -334 0.0%
Other Assets (Liabilities) -- 20,014 1.6%
Total Net Assets -- 1,250,630 100.0%

Asset Allocation (%) Help Holdings by region and sector

As of April 30, 2018
  • Regional Allocation
      Canada
    82.1%
      United States
    7.7%
      Australia
    1.1%
      United Kingdom
    0.9%
      Belgium
    0.7%
      New Zealand
    0.7%
      Denmark
    0.3%
      Germany
    0.1%
      Netherlands
    0.1%
      Cash & Equivalents 6.3%
  • Sector Allocation
      Corporate Bonds 47.8%
      Provincial Bonds 24.4%
      Federal Bonds 16.6%
      Cash & Equivalents 6.3%
      Mortgage Backed 1.5%
      Mutual&Pooled 1.4%
      Foreign Fixed Income 1.1%
      Other 0.9%
Credit Allocation (%)
AAA 23%
AA 35.6%
A 16%
BBB 19%
BB 0%
B 0%
CCC & Below 0%
NR 0.1%
Cash & Equivalents 6.3%
Equities 0%

Other Canadian Fixed Income Funds

Portfolio Managers

Steve Locke, MBA, CFA

Senior Vice President, Portfolio Manager, Head of Team

Mackenzie Fixed Income Team

Investment experience since 1995

Felix Wong, MBA, CFA

Vice President, Portfolio Manager

Mackenzie Fixed Income Team

Investment experience since 1988

Series A Front End of this fund is closed to new investments.

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

Series A Front End of this fund is closed to new investments.

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 FTSE TMX Canada Universe Bond Index is a broad measure of Canadian bonds with terms to maturity of more than one year. It includes approximately 1,000 federal, provincial, municipal and corporate bonds rated 'BBB' or higher.

†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).