Fund Portfolio – Mackenzie Cundill Canadian Balanced Fund Series A MFC740 MFC840 MFC7052 MFC3177 MFC4379 MFC4566 MFC4567 | Mackenzie Investments

Mackenzie Cundill Canadian Balanced Fund Series A

Asset Class: Canadian Balanced

Major Holdings (%) Help Top holdings by percentage

As of August 31, 2019
Major holdings represent 24.2% of the fund.
View all holdings
Total # of
Equity Holdings
65
Total # of
Fixed Income Holdings
478
Holding name, country and sector Percentage of holding in fund
Brookfield Asset Management Inc
Canada | Asset Mgmnt & Custody Banks
3.2%
Province of Ontario 2.90% 06-02-2049
Canada | Provincial Governments
3.1%
Loblaw Cos Ltd
Canada | Food Retail
3.0%
Citigroup Inc
United States | Diversified Banks
2.7%
Bank of America Corp
United States | Diversified Banks
2.6%
Alimentation Couche-Tard Inc
Canada | Food Retail
2.5%
Government of Canada 2.75% 12-01-2048
Canada | Federal Government
2.4%
Province of Quebec 3.50% 12-01-2048
Canada | Provincial Governments
1.7%
Fairfax Financial Holdings Ltd. 7.75% 07-15-2037
Canada | Corporate - Non Convertible
1.5%
Government of Canada 1.25% 12-01-2047 Real Return
Canada | Federal Government
1.5%

Complete Fund Holdings Help Full holdings list

As of June 30, 2019
Holding Name No. of Shares/Units Market Value CAD (000s) % of NAV
407 International Inc. 3.14% 03-06-2030 Callable 2029 161,107 170 0.0%
407 International Inc. 3.43% 06-01-2033 MTN 1,140,000 1,223 0.2%
407 International Inc. 3.60% 05-21-2047 Callable 800,000 882 0.1%
407 International Inc. 3.65% 09-08-2044 Callable MTN 192,214 212 0.0%
407 International Inc. 3.67% 03-08-2049 Callable 2048 232,214 260 0.0%
407 International Inc. 3.72% 05-11-2048 Callable 2047 840,000 948 0.1%
AAC holdings Inc. Term Loan 1st Lien F/R 06-30-2023 24,170 28 0.0%
Acproducts Inc. Term Loan 1st Lien F/R 02-14-2024 221,854 277 0.0%
Adtalem Global Education Inc. Term Loan B 1st Lien F/R 04-09-2025 11,485 15 0.0%
Advanced Micro Devices Inc. 7.50% 08-15-2022 38,749 57 0.0%
Aegis Toxicology Sciences Corp. Term Loan B 1st Lien F/R 05-09-2025 69,475 88 0.0%
AerCap Ireland Capital Designated Activity Co. 3.30% 01-23-2023 Callable 2022 370,000 491 0.1%
AerCap Ireland Capital Designated Activity Co. 4.45% 10-01-2025 Callable 2025 240,000 330 0.0%
AerCap Ireland Capital Designated Activity Co. 4.88% 01-16-2024 Callable 2023 57,569 81 0.0%
AI Ladder Luxembourg Term Loan B 1st Lien F/R 05-04-2025 73,777 94 0.0%
AIMCo Realty Investors LP 2.27% 06-26-2024 Callable 2024 660,000 661 0.1%
Aimco Realty Investors LP 2.712% 06-01-2029 Callable 2029 404,428 408 0.1%
AIMCo Realty Investors LP 3.04% 06-01-2028 Callable 2028 375,536 391 0.1%
AL Midcoast Holdings LLC Term Loan B 1st Lien F/R 06-28-2025 176,417 232 0.0%
Alcami Carolinas Corp. Term Loan 1st Lien F/R 07-06-2025 164,672 215 0.0%
Alchemy US Holdco LLC Term Loan B 1st Lien F/R 10-01-2025 142,587 186 0.0%
Alcoa Nederland Holding BV 6.13% 05-15-2028 Callable 2023 144A 40,963 56 0.0%
Algonquin Power & Utilities Corp. 4.09% 02-17-2027 Callable 1,010,000 1,071 0.1%
Alimentation Couche-Tard Inc. Class B Sub. voting 203,659 16,784 2.4%
Allegiant Travel Co. Term Loan B 1st Lien F/R 01-29-2024 189,453 249 0.0%
Allergan PLC 12,391 2,717 0.4%
AltaGas Ltd. Pfd. Series K 13,257 269 0.0%
AltaLink LP 3.72% 12-03-2046 Callable MTN 415,000 469 0.1%
Altice France SA Term Loan B13 1st Lien F/R 01-31-2026 71,281 92 0.0%
AMC Entertainment Holdings Inc. 5.88% 11-15-2026 Callable 39,856 47 0.0%
Anheuser-Busch InBev Finance Inc. 2.60% 05-15-2024 Callable 2024 575,536 576 0.1%
Anheuser-Busch InBev Worldwide Inc. 4.75% 01-23-2029 Callable 2028 80,000 119 0.0%
APFS Staffing Holdings Inc. Term Loan 1st Lien F/R 04-10-2026 119,928 156 0.0%
ArcelorMittal SA 5.13% 06-01-2020 44,284 59 0.0%
Arcos Dorados Holdings Inc. 5.88% 04-04-2027 Callable 2022 105,175 143 0.0%
Arcos Dorados Holdings Inc. 6.63% 09-27-2023 44,284 63 0.0%
Ardonagh Midco 3 PLC 8.63% 07-15-2023 Callable 2020 40,963 50 0.0%
Aristocrat International Pty Ltd. Term Loan B 1st Lien F/R 10-19-2024 71,700 93 0.0%
Aroundtown SA 4.63% 09-18-2025 Callable 2025 484,428 505 0.1%
Artis Real Estate Investment Trust 3.68% 02-22-2021 232,214 235 0.0%
Ashtead Capital Inc. 4.13% 08-15-2025 Callable 2020 144A 102,960 137 0.0%
Asian Development Bank 6.00% 02-24-2021 3,797,357 71 0.0%
AT&T Inc. 2.85% 05-25-2024 634,428 640 0.1%
AT&T Inc. 4.00% 11-25-2025 Callable 2025 533,321 565 0.1%
AT&T Inc. 4.35% 03-01-2029 Callable 2028 192,214 271 0.0%
Baidu Inc. ADR 16,781 2,579 0.4%
Ball Metalpack Finco LLC Term Loan B 1st Lien F/R 07-26-2025 120,956 157 0.0%
Bank of America Corp. 614,513 23,336 3.3%
Bank of America Corp. 3.30% 04-24-2024 Callable 2023 6,643 7 0.0%
Bank of America Corp. 3.95% 04-21-2025 270,000 371 0.1%
Bank of America Corp. F/R 04-25-2025 Callable 2024 464,428 473 0.1%
Bank of America Corp. F/R 09-20-2025 Callable 2024 69,747 72 0.0%
Bank of Montreal 2.70% 09-11-2024 DPNT 130,000 134 0.0%
Bank of Montreal 2.85% 03-06-2024 393,321 402 0.1%
Bank of Montreal 2.89% 06-20-2023 680,000 702 0.1%
Bank of Montreal 3.19% 03-01-2028 645,536 692 0.1%
Bank of Montreal 3.32% 06-01-2026 26,570 27 0.0%
Barclays PLC 500,426 1,247 0.2%
Bausch Health Cos Inc. 5.75% 08-15-2027 Callable 2022 144A 12,178 17 0.0%
Bausch Health Cos Inc. 7.00% 01-15-2028 Callable 2023 144A 15,499 21 0.0%
Bausch Health Cos Inc. 8.50% 01-31-2027 Callable 2022 144A 12,178 18 0.0%
Bausch Health Cos Inc. 9.00% 12-15-2025 Callable 2021 48,712 71 0.0%
Bausch Health Cos Inc. Term Loan B 1st Lien F/R 05-24-2025 99,759 131 0.0%
Baytex Energy Corp. 5.63% 06-01-2024 Callable 2019 144A 68,640 86 0.0%
bcIMC Realty Corp. 3.00% 03-31-2027 Callable 2026 980,000 1,022 0.1%
BCPE Cycle Merger Sub II Inc. 10.63% 07-15-2027 Callable 2022 144A 118,640 158 0.0%
Becton, Dickinson and Co. 10,761 3,551 0.5%
Bell Canada 3.80% 08-21-2028 Callable 2028 1,053,321 1,126 0.2%
Bell Canada 4.45% 02-27-2047 Callable 1,130,000 1,244 0.2%
Berry Global Escrow Corp. 4.88% 07-15-2026 Callable 2022 144A 19,928 27 0.0%
Boardriders Inc. Term Loan B 1st Lien F/R 03-21-2024 267,469 342 0.0%
Boardwalk Real Estate Investment Trust 207,240 8,256 1.2%
BorgWarner Inc. 88,368 4,858 0.7%
BP Capital Markets PLC 3.47% 05-15-2025 749,964 792 0.1%
Bright Bidco BV Term Loan B 1st Lien F/R 06-30-2024 71,235 67 0.0%
Brookfield Asset Management Inc. Class A limited voting 289,997 18,168 2.6%
Brookfield Asset Management Inc. Pfd. Series 46 9,886 242 0.0%
Brookfield Asset Management Inc. Pfd. Series 48 7,009 164 0.0%
Brookfield Infrastructure Finance ULC 4.20% 09-11-2028 Callable 2028 685,536 719 0.1%
Brookfield Property Partners LP 135,200 3,345 0.5%
Brookfield Renewable Energy Partners ULC 3.63% 01-15-2027 Callable 2026 310,000 323 0.0%
Brookfield Renewable Energy Partners ULC 3.75% 06-02-2025 Callable 2025 800,000 838 0.1%
Brookfield Renewable Partners LP Pfd. Series 11 25,265 548 0.1%
Brookfield Renewable Partners ULC 4.25% 01-15-2029 Callable 2028 555,536 597 0.1%
Bruce Power LP 3.00% 06-21-2024 Callable 2024 660,000 674 0.1%
Bulldog Purchaser Inc. Delayed Draw Term Loan 1st Lien F/R 08-31-2025 5,924 8 0.0%
Bulldog Purchaser Inc. Term Loan B 1st Lien F/R 08-31-2025 120,898 157 0.0%
Burger King France SAS 6.00% 05-01-2024 Callable 2020 50,927 81 0.0%
Burger King Worldwide Inc. Term Loan B 1st Lien F/R 02-16-2024 16,522 22 0.0%
BWAY Holding Co. 7.25% 04-15-2025 144A 33,213 42 0.0%
C&D Technologies Inc. Term Loan B 1st Lien F/R 12-13-2025 143,670 179 0.0%
C&W Senior Financing Designated Activity Co. 7.50% 10-15-2026 Callable 2021 144A 166,065 228 0.0%
Calceus Acquisition Inc. Term Loan B1 1st Lien F/R 02-08-2025 26,707 35 0.0%
Calfrac Holdings LP 8.50% 06-15-2026 Callable 2021 144A 15,499 14 0.0%
California Resources Corp. 8.00% 12-15-2022 Callable 2019 144A 74,176 73 0.0%
Camelot Finance LP Term Loan 1st Lien F/R 10-03-2023 6,614 9 0.0%
Camelot Finance SA 7.88% 10-15-2024 Callable 2019 144A 55,909 77 0.0%
Can Am Construction Inc./Canada Term Loan B 1st Lien F/R 07-01-2024 652,876 829 0.1%
Canada Goose Inc. Term Loan 1st Lien F/R 12-02-2024 214,128 279 0.0%
Canadian Imperial Bank of Commerce 2.47% 12-05-2022 3,321 3 0.0%
Canadian Imperial Bank of Commerce 2.97% 07-11-2023 396,643 411 0.1%
Canadian Imperial Bank of Commerce 3.29% 01-15-2024 655,499 681 0.1%
Canadian Imperial Bank of Commerce F/R 06-19-2029 Callable 2024 394,428 396 0.1%
Canadian Mortgage Pools 1.75% 06-01-2024 370,000 368 0.1%
Canadian National Railway Co. 144,777 17,547 2.5%
Canadian National Railway Co. 3.00% 02-08-2029 Callable 2028 383,321 400 0.1%
Canadian National Railway Co. 3.60% 07-31-2048 Callable 2048 574,428 634 0.1%
Canadian Pacific Railway Ltd. 59,613 18,386 2.6%
Canadian Pacific Railway Ltd. 3.15% 03-13-2029 Callable 2028 333,321 344 0.0%
Capital Power Corp. 4.99% 01-23-2026 Callable 2025 290,000 312 0.0%
CareCentrix Inc. Term Loan 1st Lien F/R 03-22-2025 20,351 27 0.0%
Casablanca US Holdings Inc. Term Loan 1st Lien F/R 03-31-2024 359,774 459 0.1%
CBS Corp. 4.20% 06-01-2029 Callable 2029 575,536 794 0.1%
CCL Industries Inc. 3.86% 04-13-2028 Callable 2028 426,643 453 0.1%
CCO Holdings LLC 4.00% 03-01-2023 Callable 2019 144A 12,178 16 0.0%
CCO Holdings LLC 5.88% 04-01-2024 Callable 2019 144A 16,607 23 0.0%
CCS-CMGC Holdings Inc. Term Loan 1st Lien F/R 09-25-2025 100,566 130 0.0%
Celestica Inc. Sub. voting 923,965 8,260 1.2%
Celestica Inc. Term Loan B 1st Lien F/R 06-27-2025 4,406 6 0.0%
Centennial Resource Production LLC 5.38% 01-15-2026 Callable 2021 144A 26,570 33 0.0%
CEVA Logistics Finance BV Term Loan B 1st Lien F/R 08-03-2025 167,714 194 0.0%
Charter Communications Operating LLC 4.50% 02-01-2024 Callable 2024 444,428 621 0.1%
Charter Communications Operating LLC 5.05% 03-30-2029 Callable 2028 524,428 759 0.1%
Charter Communications Operating LLC Term Loan B 1st Lien F/R 04-15-2025 7,711 10 0.0%
Chartwell Retirement Residences 3.79% 12-11-2023 Callable 2023 891,107 926 0.1%
Chartwell Retirement Residences 4.21% 04-28-2025 Callable 2025 213,321 226 0.0%
Chesapeake Energy Corp. 5.75% Conv. Pfd. 4,041 2,584 0.4%
Chesapeake Energy Corp. 5.75% Conv. Pfd. Series A 24,354 15,406 2.2%
Choice Properties Real Estate Investment Trust 3.54% 06-11-2029 Callable 2029 484,428 493 0.1%
Choice Properties Real Estate Investment Trust 3.56% 09-09-2024 Callable 2024 170,000 176 0.0%
Choice Properties Real Estate Investment Trust 4.18% 03-08-2028 Callable 2027 752,178 807 0.1%
Citadel LLC Term Loan B 1st Lien F/R 02-22-2026 659,747 866 0.1%
Citigroup Inc. 273,787 25,107 3.5%
Civitas Solutions Inc. Term Loan 1st Lien F/R 02-05-2026 7,731 11 0.0%
Clarity Telecom LLC Term Loan 1st Lien F/R 06-27-2026 18,821 25 0.0%
Coca-Cola Femsa SAB de CV 3.88% 11-26-2023 88,568 122 0.0%
Coeur Mining Inc. 5.88% 06-01-2024 Callable 2020 28,231 36 0.0%
Comber Wind Financial Corp. 5.13% 11-15-2030 1,757,987 1,952 0.3%
Commonwealth of Bahamas 5.75% 01-16-2024 243,852 342 0.0%
Commonwealth of Bahamas 6.00% 11-21-2028 Callable 2028 82,000 115 0.0%
Commonwealth of Bahamas 6.95% 11-20-2029 133,392 195 0.0%
CommScope Inc. Term Loan B2 1st Lien F/R 02-07-2026 134,392 176 0.0%
CommScope Technologies Finance LLC 8.25% 03-01-2027 Callable 2022 144A 61,998 83 0.0%
CommScope Technologies LLC 5.00% 03-15-2027 Callable 2022 144A 78,785 90 0.0%
Compagnie Financière Richemont SA 66,856 7,431 1.1%
Concrete Pumping Merger Sub Inc. Term Loan 1st Lien F/R 11-14-2025 35,477 46 0.0%
Constellium NV 4.25% 02-15-2026 Callable 2020 19,928 31 0.0%
Constellium NV 5.88% 02-15-2026 Callable 2020 144A 100,746 136 0.0%
Conterra Ultra Broadband Holdings Inc. Term Loan B 1st Lien F/R 04-26-2026 118,821 156 0.0%
Cordelio Amalco GP I 4.09% 06-30-2034 323,321 344 0.0%
Cordelio Amalco GP I 4.09% 09-30-2034 319,725 339 0.0%
Corus Entertainment Inc. Class B non-voting 1,249,298 7,671 1.2%
Credit Acceptance Corp. 6.63% 03-15-2026 Callable 2022 21,035 29 0.0%
Crombie Real Estate Investment Trust 4.80% 01-31-2025 Callable 2024 202,214 215 0.0%
Crosslinx Transit Solutions General Partnership 4.65% 09-30-2046 1,500,000 1,648 0.2%
Crown Subsea Communications Holding Inc. Term Loan 1st Lien F/R 11-02-2025 206,838 270 0.0%
CSC Holdings LLC 6.50% 02-01-2029 Callable 2024 144A 34,320 49 0.0%
CU Inc. 3.76% 11-19-2046 Callable 2046 550,000 620 0.1%
CU Inc. 3.95% 11-23-2048 Callable 2048 4,428 5 0.0%
CU Inc. 3.96% 07-27-2045 Callable 250,000 290 0.0%
CVR Partners LP 9.25% 06-15-2023 Callable 2019 144A 18,821 26 0.0%
CVS Health Corp. 43,684 3,117 0.4%
DaVita Healthcare Partners Inc. 5.00% 05-01-2025 Callable 2020 54,248 70 0.0%
DAVITA Inc. 77,363 5,700 0.8%
Dawn Acquisition LLC Term Loan 1st Lien F/R 10-25-2025 13,202 17 0.0%
DHX Media Ltd. 5.88% 09-30-2024 Conv. 63,548 46 0.0%
Diamond 1 Finance Corp. 4.42% 06-15-2021 Callable 2021 144A 110,000 148 0.0%
Diamond 1 Finance Corp. 5.45% 06-15-2023 Callable 2023 144A 220,000 311 0.0%
Diamond 1 Finance Corp. 6.02% 06-15-2026 Callable 2026 144A 220,000 318 0.0%
Discovery Communications Inc. Class C 137,179 5,111 0.7%
DISH DBS Corp. 5.88% 11-15-2024 46,498 58 0.0%
DMT Solutions Global Corp. Term Loan 1st Lien F/R 06-25-2024 5,328 7 0.0%
Drax Group PLC 6.63% 11-01-2025 Callable 2021 144A 79,711 108 0.0%
Drive Chassis Holdco LLC. Term Loan 2nd Lien F/R 04-12-2026 12,178 15 0.0%
E-L Financial Corp. Ltd. 16,364 12,191 1.8%
EagleTree-Carbide Acquisition Corp. Term Loan 1st Lien F/R 08-28-2024 768,243 993 0.1%
Eastern Power LLC Term Loan B 1st Lien F/R 10-02-2023 86,100 113 0.0%
eG Global Finance PLC 6.75% 02-07-2025 Callable 2021 144A 84,140 110 0.0%
Electrical Components International Inc. Term Loan 1st Lien F/R 06-22-2025 196,833 237 0.0%
Electrical Components International Inc. Term Loan 2nd Lien F/R 06-22-2026 3,321 4 0.0%
Emera Inc. 2.90% 06-16-2023 5,536 6 0.0%
Empire Co. Ltd. Class A non-voting 398,855 13,154 1.9%
Enbridge Gas Distribution Inc. 3.51% 11-29-2047 Callable 2047 690,000 746 0.1%
Enbridge Inc. 343,512 16,248 2.3%
Enbridge Inc. 3.20% 06-08-2027 Callable 2027 500,000 513 0.1%
Enbridge Inc. 4.57% 03-11-2044 2,350,000 2,573 0.4%
Enbridge Inc. 5.37% 09-27-2077 Callable 2027 2,995,632 2,963 0.4%
Enbridge Inc. F/R 04-12-2078 Callable 2028 1,124,248 1,206 0.2%
ENC Holding Corp. Term Loan 1st Lien F/R 05-30-2025 69,505 90 0.0%
EnerCare Solutions Inc. 3.99% 02-21-2024 Callable 2023 640,000 661 0.1%
Ensono LP Term Loan 1st Lien F/R 04-30-2025 14,875 19 0.0%
Enterprise Merger Sub Inc. Term Loan 1st Lien F/R 09-28-2025 12,117 14 0.0%
EnTrans International LLC Term Loan 1st Lien F/R 10-29-2025 150,734 195 0.0%
EPCOR Utilities Inc. 3.11% 07-08-2049 Callable 2049 444,428 449 0.1%
EPCOR Utilities Inc. 3.55% 11-27-2047 Callable 2047 527,750 577 0.1%
EPR Properties 4.95% 04-15-2028 Callable 2028 378,857 535 0.1%
Exela Intermediate LLC 10.00% 07-15-2023 Callable 2020 144A 143,963 154 0.0%
Exela Intermediate LLC Term Loan B 1st Lien F/R 07-12-2023 12,538 14 0.0%
FAGE International SA / FAGE USA Dairy Industry Inc. 5.63% 08-15-2026 Callable 2021 144A 174,368 203 0.0%
Fairfax Financial Holdings Ltd. 4.23% 06-14-2029 Callable 2029 171,107 173 0.0%
Fairfax Financial Holdings Ltd. 4.50% 03-22-2023 40,963 44 0.0%
Fairfax Financial Holdings Ltd. 4.95% 03-03-2025 17,714 19 0.0%
Fairfax Financial Holdings Ltd. 5.84% 10-14-2022 670,000 738 0.1%
Fairfax Financial Holdings Ltd. 7.75% 07-15-2037 6,130,000 10,267 1.5%
Fairfax Financial Holdings Ltd. 8.30% 04-15-2026 1,700,000 2,712 0.4%
Fairfax Financial Holdings Ltd. Sub. voting 18,405 11,830 1.7%
Fédération des Caisses Desjardins du Québec 2.09% 01-17-2022 35,427 36 0.0%
Fédération des Caisses Desjardins du Québec 3.06% 09-11-2023 523,249 545 0.1%
Federative Republic of Brazil 10.00% 01-01-2029 11,071 46 0.0%
First Eagle Holdings Inc. Term Loan B 1st Lien F/R 12-01-2024 19,878 26 0.0%
First Quantum Minerals Ltd. 7.25% 04-01-2023 Callable 2019 144A 73,069 93 0.0%
Forming Machining Industries Holdings LLC Term Loan 1st Lien F/R 10-03-2025 69,045 88 0.0%
Fortified Trust 2.56% 03-23-2024 4,428 5 0.0%
FortisAlberta Inc. 3.74% 09-18-2048 Callable 2048 100,000 112 0.0%
Fortress Transportation and Infrastructure Investors LLC 6.50% 10-01-2025 Callable 2021 144A 173,105 234 0.0%
Fortress Transportation and Infrastructure Investors LLC 6.75% 03-15-2022 Callable 2020 144A 78,604 107 0.0%
Foundation Building Materials LLC Term Loan B 1st Lien F/R 05-11-2025 89,550 117 0.0%
Fresenius US Finance II Inc. 4.25% 02-01-2021 144A 88,568 119 0.0%
Frontera Generation Holdings LLC Term Loan B 1st Lien F/R 04-25-2025 163,159 209 0.0%
Fusion Connect Inc. Term Loan 1st Lien F/R 06-03/2019 8,921 12 0.0%
Fusion Connect Inc. Term Loan B 1st Lien F/R 05-03-2023 261,885 231 0.0%
Fusion Connect Inc. Term Loan DIP 1st Lien F/R 10-03-2019 17,443 23 0.0%
Futures Contracts -295 0.0%
FXI Holdings Inc. 7.88% 11-01-2024 Callable 2020 144A 29,892 37 0.0%
Gateway Casinos & Entertainment Ltd. Term Loan B 1st Lien F/R 03-13-2025 36,384 47 0.0%
General Electric Co. 243,094 3,343 0.5%
George Weston Ltd. 41,674 4,141 0.6%
GFL Environmental Inc. 5.38% 03-01-2023 Callable 2020 144A 43,177 56 0.0%
GFL Environmental Inc. 5.63% 05-01-2022 Callable 2019 144A 43,249 57 0.0%
GFL Environmental Inc. 7.00% 06-01-2026 Callable 2021 144A 87,569 117 0.0%
GFL Environmental Inc. Term Loan B 1st Lien F/R 05-31-2025 27,495 35 0.0%
Gibson Energy Inc. 5.25% 07-15-2024 Callable 2020 REGS 235,672 246 0.0%
GLOBALFOUNDRIES Inc. Term Loan B 1st Lien F/R 05/24/2026 348,676 451 0.1%
Golden Entertainment Inc. 7.63% 04-15-2026 Callable 2022 144A 18,821 25 0.0%
Government of Bermuda 3.72% 01-25-2027 Callable 2026 1,000,000 1,345 0.2%
Government of Bermuda 4.13% 01-03-2023 430,000 587 0.1%
Government of Bermuda 4.85% 02-06-2024 208,750 297 0.0%
Government of Canada 1.25% 12-01-2047 Real Return 7,150,000 9,908 1.5%
Government of Canada 2.25% 06-01-2029 1,280,000 1,373 0.2%
Government of Canada 2.75% 12-01-2048 17,490,000 21,802 3.1%
Government of Cayman Islands 5.95% 11-24-2019 7,750 10 0.0%
Government of Dominican Republic 7.45% 04-30-2044 50,927 78 0.0%
Government of El Salvador 7.38% 12-01-2019 32,106 42 0.0%
Government of Mexico 7.50% 06-03-2027 2,051,458 140 0.0%
Gray Escrow Inc. 7.00% 05-15-2027 Callable 2022 144A 7,750 11 0.0%
Greater Toronto Airports Authority 2.73% 04-03-2029 Callable 2029 161,107 166 0.0%
Greenhill & Co. Inc. Term Loan B 1st Lien F/R 04-05-2024 12,178 16 0.0%
Grifols Worldwide Operations USA Inc. Term Loan B 1st Lien F/R 01-31-2025 71,233 93 0.0%
Guala Closures SpA F/R 04-15-2024 Callable 2019 84,140 127 0.0%
H&R Real Estate Investment Trust 3.37% 01-30-2024 Callable 2023 1,150,000 1,171 0.2%
H&R Real Estate Investment Trust 3.42% 01-23-2023 Callable 2022 304,428 311 0.0%
Hadrian Merger Sub Inc. 8.50% 05-01-2026 Callable 2021 144A 111,928 140 0.0%
Halo Buyer Inc. Term Loan 1st Lien F/R 06-28-2025 88,195 114 0.0%
Hang Lung Properties Ltd. 2,148,000 6,691 1.0%
HCA Holdings Inc. 5.25% 06-15-2026 Callable 2025 39,856 58 0.0%
HCA Inc. 5.88% 02-01-2029 Callable 2028 29,892 43 0.0%
Heartland Dental LLC Delay Draw Term Loan 1st Lien F/R 04-17-2025 8,227 10 0.0%
Heartland Dental LLC Term Loan 1st Lien F/R 04-17-2025 366,711 456 0.1%
Heathrow Funding Ltd. 3.25% 05-21-2025 130,638 135 0.0%
Heathrow Funding Ltd. 3.40% 03-08-2028 701,071 731 0.1%
Heathrow Funding Ltd. 3.79% 09-04-2030 Callable 2030 544,428 578 0.1%
Hitachi Ltd. 104,800 5,027 0.7%
Horizon Pharma Financing Inc. 6.63% 05-01-2023 Callable 2020 144A 16,607 22 0.0%
Hornblower Sub LLC Term Loan 1st Lien F/R 04-28-2025 22,950 30 0.0%
HSBC Bank Canada 2.25% 09-15-2022 232,214 233 0.0%
HSBC Bank Canada 3.25% 09-15-2023 600,000 624 0.1%
HSBC Holdings PLC 3.20% 12-05-2023 1,310,000 1,346 0.2%
Hudson's Bay Co. 1,002,092 9,620 1.4%
Husky Energy Inc. 4.45% 12-31-2049 Pfd. Series 1 7,059 91 0.0%
Hydro One Inc. 2.54% 04-05-2024 Callable 2024 383,321 391 0.1%
Hydro One Inc. 3.63% 06-25-2049 Callable 2048 310,000 338 0.0%
Hydro One Inc. 3.72% 11-18-2047 1,950,000 2,152 0.3%
IEA Energy Services LLC Term Loan 1st Lien F/R 09-25-2024 222,638 274 0.0%
II-VI Inc. Term Loan B 1st Lien F/R 05-08-2026 63,070 82 0.0%
Ineos US Finance LLC Term Loan B 1st Lien F/R 03-31-2024 79,479 103 0.0%
Innovative Water Care Global Corp. Term Loan 1st Lien F/R 02-27-2026 189,453 236 0.0%
Institutional Shareholder Services Inc. Term Loan 1st Lien F/R 02-26-2026 32,714 43 0.0%
Integro Ltd. United States Term Loan B1 1st Lien F/R 10-31-2022 425,602 546 0.1%
Intelsat Jackson Holdings SA 8.50% 10-15-2024 Callable 2020 144A 8,857 12 0.0%
Intelsat Jackson Holdings SA Term Loan B3 1st Lien F/R 11-27-2023 71,962 93 0.0%
Inter Pipeline Ltd. 2.73% 04-18-2024 Callable 2024 1,060,000 1,067 0.1%
Inter Pipeline Ltd. 3.48% 12-16-2026 Callable 2026 930,000 963 0.1%
Inter Pipeline Ltd. F/R 03-26-2079 Callable 2029 304,031 315 0.0%
Interior Logic Group Holdings IV LLC Term Loan B 1st Lien F/R 05-21-2025 8,790 11 0.0%
Intermedia Holdings Inc. Term Loan B 1st Lien F/R 07-13-2025 155,859 205 0.0%
International Finance Corp. 3.63% 05-20-2020 1,490,000 1,334 0.2%
International Finance Corp. 7.00% 07-20-2027 2,322,698 152 0.0%
International Textile Group Inc. Term Loan 1st Lien F/R 04-19-2024 273,948 334 0.0%
iQor US Inc. Term Loan 2nd Lien F/R 04-01-2022 350,000 394 0.1%
iQor US Inc. Term Loan B 1st Lien F/R 04-01-2021 842,867 1,078 0.1%
IQVIA Holdings Inc. 5.00% 05-15-2027 Callable 2022 144A 24,356 33 0.0%
Iron Mountain Canada Operations ULC 5.38% 09-15-2023 Callable 2019 68,640 71 0.0%
Isagenix International LLC Term Loan 1st Lien F/R 04-26-2025 247,000 257 0.0%
iShares iBoxx $ High Yield Corporate Bond ETF Put Option @ $82.00 Exp. 07-19-2019 1,793 13 0.0%
iShares iBoxx $ High Yield Corporate Bond ETF Put Option @ $84.00 Exp. 09-20-2019 355 19 0.0%
iShares iBoxx $ High Yield Corporate Bond ETF Put Option @ $84.00 Exp. 11-15-2019 1,826 219 0.0%
iShares iBoxx $ High Yield Corporate Bond ETF Put Option @ $85.00 Exp. 01-17-2020 202 46 0.0%
iShares iBoxx $ High Yield Corporate Bond ETF Put Option @ $85.00 Exp. 11-15-2019 202 31 0.0%
Ivanhoe Cambridge II Inc. 2.91% 06-27-2023 Callable 2023 302,214 312 0.0%
Jane Street Group LLC. Term Loan B 1st Lien F/R 08-25-2022 190,519 248 0.0%
JBS USA Lux SA 5.88% 07-15-2024 Callable 2019 144A 43,177 58 0.0%
Jefferies Finance LLC Term Loan 1st Lien F/R 05-21-2026 12,178 16 0.0%
JP Intermediate B LLC Term Loan 1st Lien F/R 10-19-2025 87,715 100 0.0%
Keane Group Holdings LLC Term Loan B 1st Lien F/R 05-18-2025 142,948 185 0.0%
Kestra Advisor Services Holdings A Inc. Term Loan 1st Lien F/R 04-29-2026 19,928 26 0.0%
Kestrel Acquisition LLC Term Loan B 1st Lien F/R 05-02-2025 138,589 178 0.0%
Keyera Corp. F/R 06-13-2079 Callable 2029 325,102 329 0.0%
Keystone Peer Review Organization Holdings Inc. Term Loan 1st Lien F/R 05-01-2024 43,427 56 0.0%
Kirin Holdings Co. Ltd. 200,800 5,667 0.8%
Kruger Products LP 6.00% 04-24-2025 Callable 2021 70,355 68 0.0%
L&W Inc. Term Loan 1st Lien F/R 05-17-2025 253,232 325 0.0%
LABL Escrow Issuer LLC 10.50% 07-15-2027 Callable 2022 144A 211,478 278 0.0%
LABL Escrow Issuer LLC 6.75% 07-15-2026 Callable 2022 144A 126,433 168 0.0%
Lamb Weston Holdings Inc. 4.63% 11-01-2024 Callable 2021 144A 52,034 71 0.0%
Lamb Weston Holdings Inc. 4.88% 11-01-2026 Callable 2021 144A 29,892 41 0.0%
LBM Borrower LLC Term Loan 1st Lien F/R 08-20-2022 549,759 720 0.1%
Lee Enterprises Inc. 9.50% 03-15-2022 Callable 2020 144A 66,426 89 0.0%
Liberty Global PLC Class A 210,046 7,424 1.1%
LifeMiles Ltd. Term Loan B 1st Lien F/R 08-18-2022 273,241 358 0.0%
LifeScan Global Corp. Term Loan 1st Lien F/R 06-19-2024 414,846 520 0.1%
LifeScan Global Corp. Term Loan 2nd Lien F/R 06-19-2025 8,857 11 0.0%
Linamar Corp. 159,304 7,787 1.2%
Lions Gate Capital Holdings LLC 6.38% 02-01-2024 Callable 2021 144A 11,071 15 0.0%
Loblaw Companies Ltd. 296,826 19,901 2.8%
Logibec Groupe Informatique Ltd. Term Loan 1st Lien F/R 01-15-2020 24,729 23 0.0%
MacDonald, Dettwiler & Associates Ltd. Term Loan B 1st Lien F/R 10-04-2024 426,997 507 0.1%
Mackenzie Global Tactical Bond Fund Series R 628,676 5,879 0.9%
Mackenzie Unconstrained Fixed Income Fund Series R 419,961 4,179 0.6%
Mackenzie US Investment Grade Corporate Bond Index ETF (CAD-Hedged) 40,051 4,085 0.6%
Manulife Bank of Canada 2.84% 01-12-2023 547,750 560 0.1%
Manulife Financial Corp. F/R 05-09-2028 Callable 2023 324,428 334 0.0%
Manulife Financial Corp. F/R 08-20-2029 Callable 2024 1,070,000 1,095 0.1%
Manulife Financial Corp. Pfd. Series 13 1,791 33 0.0%
Marriott Ownership Resorts Inc. 6.50% 09-15-2026 Callable 2021 144A 38,749 55 0.0%
Mattamy Group Corp. 6.50% 10-01-2025 Callable 2020 83,230 87 0.0%
Matterhorn Merger Sub LLC 8.50% 06-01-2026 Callable 2021 144A 138,332 161 0.0%
McDermott Technology Americas Inc. Term Loan B 1st Lien F/R 04-05-2025 48,927 63 0.0%
MEG Energy Corp. 6.38% 01-30-2023 Callable 144A 127,678 159 0.0%
MEG Energy Corp. 7.00% 03-31-2024 Callable 2019 144A 97,206 122 0.0%
Mercer International Inc. 7.38% 01-15-2025 Callable 2021 144A 30,999 43 0.0%
Meredith Corp. 6.88% 02-01-2026 Callable 2021 43,177 60 0.0%
Meredith Corp. Term Loan B 1st Lien F/R 01-31-2025 35,285 46 0.0%
Milk Specialties Co. Term Loan 1st Lien F/R 08-16-2023 464,098 597 0.1%
Millar Western Forest Products Ltd. 9.50% 06-20-2023 Callable 2020 32,106 33 0.0%
Minotaur Acquisition Inc. Term Loan 1st Lien F/R 02-27-2026 211,612 273 0.0%
Morgan Stanley 3.00% 02-07-2024 1,390,000 1,419 0.2%
Multi-Color Corp. Bridge Loan Exp. 02-25-2020 2,190,000 0.0%
Multi-Color Corp. Term Loan B 1st Lien F/R 06-17-2026 155,463 204 0.0%
MyNEXUS Inc. Term Loan 1st Lien F/R 06-19-2024 143,249 183 0.0%
Natel Engineering Co. Inc. Term Loan B 1st Lien F/R 04-29-2026 108,821 143 0.0%
National Bank of Canada 2.98% 03-04-2024 230,000 236 0.0%
NAV Canada 3.21% 09-29-2050 Callable 2050 40,000 43 0.0%
NAV Canada 3.29% 03-30-2048 Callable 2047 380,000 417 0.1%
Neenah Foundry Co. Term Loan B 1st Lien F/R 12-08-2022 243,369 316 0.0%
Netflix Inc. 3.88% 11-15-2029 74,176 119 0.0%
New Red Finance Inc. 5.00% 10-15-2025 Callable 2020 144A 84,104 111 0.0%
Nexstar Escrow Inc. 5.63% 07-15-2027 Callable 2022 144A 115,566 155 0.0%
Nexstar Media Group Inc. Bridge Loan Exp. 11-30-2019 2,050,000 0.0%
Nine Energy Service Inc. 8.75% 11-01-2023 Callable 2020 144A 66,426 85 0.0%
Nokia OYJ 3.38% 06-12-2022 19,928 26 0.0%
Norbord Inc. 5.75% 07-15-2027 Callable 2022 144A 128,712 171 0.0%
NORDAM Group Inc. Term Loan B-Exit 1st Lien F/R 04-04-2026 12,148 16 0.0%
North Battleford Power LP 4.96% 12-31-2032 870,470 987 0.1%
North West Redwater Partnership 2.80% 06-01-2027 Callable 2027 1,570,000 1,586 0.2%
North West Redwater Partnership 3.65% 06-01-2035 Callable 2034 510,000 538 0.1%
Nouvelle Autoroute 30 Financement Inc. 4.11% 03-31-2042 429,902 480 0.1%
Nova Scotia Power Inc. 3.57% 04-05-2049 Callable 2048 232,214 248 0.0%
Novartis AG Reg. 41,456 4,962 0.7%
NRG Yield Operating LLC 5.38% 08-15-2024 Callable 48,712 65 0.0%
Nufarm Australia Ltd. 5.75% 04-30-2026 Callable 2021 144A 100,746 125 0.0%
Numericable-SFR 7.38% 05-01-2026 Callable 2021 144A 50,927 68 0.0%
Nutrien Ltd. 277,126 19,413 2.8%
NuVista Energy Ltd. 6.50% 03-02-2023 Callable 2020 39,856 39 0.0%
NVA Holdings Inc. 6.88% 04-01-2026 Callable 2021 16,607 23 0.0%
OCI Beaumont LLC Term Loan B 1st Lien F/R 02-16-2025 27,367 36 0.0%
OCI NV 6.63% 04-15-2023 Callable 2020 144A 77,497 106 0.0%
Office Depot Inc. Term Loan B 1st Lien F/R 11-08-2022 219,217 291 0.0%
Omega Healthcare Investors Inc. 4.50% 01-15-2025 Callable 2024 540,000 738 0.1%
OMERS Finance Trust 2.60% 05-14-2029 535,536 551 0.1%
OMERS Realty Corp. 3.24% 10-04-2027 Callable 2027 1,250,000 1,324 0.2%
OMERS Realty Corp. 3.63% 06-05-2030 Callable 2030 750,000 823 0.1%
Ontario Power Generation Inc. 3.32% 10-04-2027 Callable 2027 630,000 662 0.1%
Ontario Power Generation Inc. 3.84% 06-22-2048 Callable 2047 400,000 431 0.1%
Ontario Power Generation Inc. 4.25% 01-18-2049 Callable 2048 202,214 234 0.0%
Oracle Corp. 76,224 5,687 0.8%
Ortho-Clinical Diagnostics Inc. Term Loan B 1st Lien F/R 06-01-2025 70,163 89 0.0%
Owens & Minor Inc. Term Loan B 1st Lien F/R 05-01-2025 456,550 497 0.1%
Panther BF Aggregator 2 LP 4.38% 05-15-2026 Callable 2022 11,071 17 0.0%
Panther BF Aggregator 2 LP 6.25% 05-15-2026 144A 42,070 57 0.0%
Panther BF Aggregator 2 LP 8.50% 05-15-2027 Callable 2022 144A 68,640 93 0.0%
Panther BF Aggregator 2 LP Term Loan B 1st Lien F/R 03-18-2026 168,785 220 0.0%
Par Pharmaceutical Inc. 7.50% 04-01-2027 Callable 2022 144A 17,714 23 0.0%
Park Aerospace Holdings Ltd. 5.25% 08-15-2022 144A 32,178 44 0.0%
Parkland Fuel Corp. 5.88% 07-15-2027 Callable 2022 144A 12,628 17 0.0%
Parkland Fuel Corp. 6.00% 04-01-2026 Callable 2021 144A 132,267 178 0.0%
Parkland Fuel Corp. 6.00% 11-21-2022 Callable 130,638 134 0.0%
Parsely Energy Inc. Class A 60,922 1,517 0.2%
Pembina Pipeline Corp. 3.54% 02-03-2025 Callable 150,000 157 0.0%
Pembina Pipeline Corp. 3.62% 04-03-2029 Callable 2029 293,321 305 0.0%
Pembina Pipeline Corp. 4.02% 03-27-2028 Callable 2027 510,000 547 0.1%
Penske Automotive Group Inc. 3.75% 08-15-2020 40,963 54 0.0%
Petroleos De Venezuela SA 6.00% 05-16-2024 347,641 103 0.0%
Philip Morris International Inc. 25,345 2,606 0.4%
Pisces Midco Inc. 8.00% 04-15-2026 Callable 2021 144A 88,749 113 0.0%
PLH Group Inc. Term Loan 1st Lien F/R 08-06-2023 97,760 127 0.0%
Pluto Acquisition I Inc. Term Loan 1st Lien F/R 06-18-2026 156,570 203 0.0%
Polymer Process Holdings Inc. Term Loan 1st Lien F/R 04-29-2026 168,785 218 0.0%
Prairie ECI Acquiror LP Term Loan 1st Lien F/R 03-07-2026 47,630 63 0.0%
Precision Drilling Corp. 3,065,876 7,542 1.1%
Premier Dental Services Inc. Term Loan B 1st Lien F/R 06-30-2023 16,757 22 0.0%
Premier Foods Finance PLC 6.25% 10-15-2023 Callable 2020 71,962 127 0.0%
Project Leopard Holdings Inc. Term Loan 1st Lien F/R 07-07-2023 200,030 262 0.0%
Prospect Medical Holdings Inc. Term Loan B 1st Lien F/R 02-15-2024 26,250 33 0.0%
Province of Newfoundland 3.70% 10-17-2048 2,330,000 2,745 0.4%
Province of Ontario 2.65% 12-02-2050 2,780,000 2,886 0.4%
Province of Ontario 2.70% 06-02-2029 6,390,000 6,701 1.0%
Province of Ontario 2.90% 06-02-2049 19,000,000 20,665 2.9%
Province of Ontario 4.60% 06-02-2039 1,780,000 2,371 0.3%
Province Of Quebec 2.75% 09-01-2028 2,980,000 3,143 0.4%
Province of Quebec 3.50% 12-01-2048 8,120,000 9,887 1.5%
Province of Saskatchewan 3.30% 06-02-2048 1,220,000 1,410 0.2%
PSC Industrial Outsourcing LP Term Loan B 1st Lien F/R 10-05-2024 266,625 348 0.0%
Puma International Financing SA 5.00% 01-24-2026 Callable 2021 143,923 168 0.0%
Quad/Graphics Inc. 7.00% 05-01-2022 33,213 44 0.0%
Quebecor Media Inc. 6.63% 01-15-2023 144A 23,913 26 0.0%
R.R. Donnelley & Sons Co. Term Loan B 1st Lien F/R 01-04-2024 7,711 10 0.0%
Rackspace Hosting Inc. 8.63% 11-15-2024 Callable 2019 144A 370,891 448 0.1%
Radiate Holdco LLC Term Loan 1st Lien F/R 02-01-2024 119,928 156 0.0%
Rayonier AM Products Inc. 5.50% 06-01-2024 Callable 2019 144A 33,213 37 0.0%
Reliance Intermediate Holdings LP 6.50% 04-01-2023 Callable 2020 144A 103,729 140 0.0%
Republic of Argentina 5.88% 01-11-2028 100,193 100 0.0%
Republic of Argentina 6.88% 01-11-2048 18,821 18 0.0%
Republic of South Africa 8.00% 01-31-2030 529,194 46 0.0%
Research Now Group Inc. Term Loan 1st Lien F/R 12-20-2024 87,388 114 0.0%
Resolute Forest Products Inc. 5.88% 05-15-2023 6,643 9 0.0%
Reynolds Group Issuer Inc./Reynolds Group Issuer LLC/Reynolds Group Issue Lu 5.125% 07-15-2023 44,284 59 0.0%
Rite Aid Corp. 6.13% 04-01-2023 Callable 2020 144A 14,392 16 0.0%
Rite Aid Corp. 7.70% 02-15-2027 112,924 88 0.0%
Rogers Communications Inc. 3.25% 05-01-2029 Callable 2029 403,321 414 0.1%
Royal Bank of Canada 2.36% 12-05-2022 7,750 8 0.0%
Royal Bank of Canada 2.95% 05-01-2023 1,470,000 1,519 0.2%
Royal Bank of Canada 3.30% 09-26-2023 432,214 450 0.1%
Russel Metals Inc. 6.00% 03-16-2026 Callable 2021 40,963 42 0.0%
Russian Federal Loan Bond - OFZ 7.05% 01-19-2028 9,078,231 186 0.0%
Sabre Industries Inc. Term Loan B 1st Lien F/R 04-09-2026 8,857 12 0.0%
Saffron Borrowco LLC Term Loan 1st Lien F/R 06-20-2025 14,392 18 0.0%
Samsung Electronics Co. Ltd. 144,523 7,685 1.2%
Sanofi 25,885 2,926 0.4%
Savage Enterprises LLC Term Loan B 1st Lien F/R 07-02-2025 173,375 228 0.0%
Scientific Games International Inc. 3.38% 02-15-2026 Callable 2021 74,729 112 0.0%
Scientific Games International Inc. 6.63% 05-15-2021 Callable 2019 33,213 44 0.0%
Sea to Sky Highway Investment LP 2.63% 08-31-2030 935,586 935 0.1%
Shaw Communications Inc. 3.80% 03-01-2027 Callable 260,000 275 0.0%
Shaw Communications Inc. 4.40% 11-02-2028 Callable 2028 858,857 945 0.1%
Shaw Communications Inc. Pfd Series A 3,161 43 0.0%
ShawCor Ltd. 343,938 6,301 1.0%
Sigma Bidco BV Term Loan B 1st Lien F/R 03-07-2025 26,607 39 0.0%
SIRVA Worldwide Inc. Term Loan 1st Lien F/R 07-31-2025 152,120 194 0.0%
SIWF Holdings Inc. Term Loan 1st Lien F/R 05-25-2025 99,000 129 0.0%
SoftBank Group Corp. 5.38% 07-30-2022 Callable 2022 11,071 15 0.0%
Sorenson Communications LLC Term Loan 1st Lien F/R 03-14-2024 15,499 20 0.0%
Source Energy Services Canada LP 10.50% 12-15-2021 Callable 2019 144A 216,992 202 0.0%
Source Energy Services Ltd. 1,902 1 0.0%
Spirit AeroSystems Inc. 3.95% 06-15-2023 Callable 2023 284,428 385 0.1%
Sprint Corp. 7.13% 06-15-2024 17,714 25 0.0%
Sprint Corp. 7.88% 09-15-2023 18,821 27 0.0%
Sprint Spectrum Co. LLC 4.74% 03-20-2025 144A 290,000 395 0.1%
Spy Hill Power LP 4.14% 03-31-2036 781,274 843 0.1%
SS&C Technologies Inc. Term Loan B5 1st Lien F/R 04-16-2025 100,303 131 0.0%
St. Joseph Energy Center LLC Term Loan 1st Lien F/R 04-06-2025 9,548 12 0.0%
Star West Generation LLC Term Loan B 1st Lien F/R 03-13-2020 130,485 168 0.0%
Starfruit US Holdco LLC 8.00% 10-01-2026 Callable 2021 144A 71,071 96 0.0%
Stars Group Holdings BV Term Loan B 1st Lien F/R 07-10-2025 35,191 46 0.0%
Stonegate Pub Company Financing PLC 4.88% 03-15-2022 Callable 2019 88,568 152 0.0%
Sun Life Financial Inc. F/R 09-19-2028 Callable 2023 1,810,000 1,859 0.3%
Sun Life Financial Inc. F/R 11-23-2027 Callable 2022 457,750 465 0.1%
Suncor Energy Inc. 362,417 14,805 2.1%
Suncor Energy Inc. 3.10% 05-24-2029 Callable 2029 373,321 382 0.1%
Superior Plus LP 5.25% 02-27-2024 Callable 2020 182,672 181 0.0%
Superior Plus LP 7.00% 07-15-2026 Callable 2021 144A 166,354 225 0.0%
Sydney Airport Finance Co. Pty. Ltd. 3.63% 04-28-2026 Callable 2026 144A 1,336,354 1,795 0.2%
Syniverse Holdings Inc. Term Loan 1st Lien F/R 02-09-2023 99,000 120 0.0%
Sysco Canada Inc. 3.65% 04-25-2025 Callable 2025 504,428 530 0.1%
Talen Energy Supply LLC 6.63% 01-15-2028 Callable 2023 144A 19,928 26 0.0%
TC Energy Corp. Pfd. Series 15 17,711 443 0.1%
Teck Resources Ltd. Class B 427,886 12,931 1.9%
Telenet Finance Luxembourg Notes Sarl 5.50% 03-01-2028 Callable 2022 144A 22,142 29 0.0%
Telenet Financing USD LLC Term Loan AN 1st Lien F/R 08-15-2026 71,962 93 0.0%
Telus Corp. 2.75% 07-08-2026 300,000 301 0.0%
TELUS Corp. 3.30% 05-02-2029 Callable 2029 222,214 228 0.0%
TELUS Corp. 4.70% 03-06-2048 Callable 2047 290,000 325 0.0%
Tenaris SA ADR 99,944 3,444 0.5%
Tenet Healthcare Corp. 6.25% 02-01-2027 Callable 2022 144A 37,641 51 0.0%
Tenet Healthcare Corp. 6.75% 06-15-2023 69,747 92 0.0%
TerraForm Power Operating LLC 5.00% 01-31-2028 Callable 2027 144A 91,889 121 0.0%
Teva Pharmaceutical Industries Ltd. 2.80% 07-21-2023 132,475 151 0.0%
The Bank of Nova Scotia 2.29% 06-28-2024 680,000 687 0.1%
The Bank of Nova Scotia F/R 07-03-2029 Callable 2024 384,428 384 0.1%
The Goldman Sachs Group Inc. 17,040 4,566 0.6%
The International Bank for Reconstruction and Development 3.50% 01-22-2021 4,610,000 4,176 0.6%
The Toronto-Dominion Bank 2.50% 12-02-2024 717,750 723 0.1%
The Toronto-Dominion Bank 2.85% 03-08-2024 715,536 732 0.1%
The Toronto-Dominion Bank 3.01% 05-30-2023 510,000 529 0.1%
The Toronto-Dominion Bank F/R 07-25-2029 Callable 2024 242,214 248 0.0%
Thor Industries Inc. Term Loan B 1st Lien F/R 11-01-2025 16,642 22 0.0%
Titan Acquisition Ltd. 7.75% 04-15-2026 Callable 2021 144A 34,320 41 0.0%
TMX Group Ltd. 2.30% 12-11-2024 Callable 2024 764,428 785 0.1%
TMX Group Ltd. 3.78% 06-05-2028 Callable 2028 281,107 301 0.0%
TMX Group Ltd. 4.46% 10-03-2023 Callable 2023 500,000 541 0.1%
Tourmaline Oil Corp. 520,806 8,687 1.3%
TransAlta Corp. 172,759 1,472 0.2%
TransAlta Corp. Pfd. Series A 33,428 360 0.0%
TransCanada Pipelines Ltd. 3.39% 03-15-2028 Callable 2027 402,214 423 0.1%
TransCanada PipeLines Ltd. 3.69% 07-19-2023 100,000 105 0.0%
TransCanada Trust F/R 05-18-2077 Callable 2027 692,214 661 0.1%
Transocean Ltd. 97,753 821 0.1%
Transurban Finance Co. Pty. Ltd. 4.56% 11-14-2028 Callable 2028 887,750 981 0.1%
Travelport Finance Luxembourg Sarl Term Loan 1st Lien F/R 03-18-2026 347,569 429 0.1%
Trico Group LLC Term Loan 1st Lien F/R 02-02-2024 96,898 123 0.0%
Trillium Windpower LP 5.80% 02-15-2033 810,127 948 0.1%
TriMark USA LLC Term Loan 1st Lien F/R 09-15-2024 15,460 17 0.0%
Trulieve Cannabis Corp. 9.75% 06-18-2024 130,854 166 0.0%
Trulieve Cannabis Corp. Warrants Exp.06-18-2022 2,748 9 0.0%
Uber Technologies Inc. 8.00% 11-01-2026 Callable 2021 144A 242,852 340 0.0%
Uber Technologies Inc. Term Loan B 1st Lien F/R 07-13-2023 110,991 145 0.0%
UBS Group AG 144,281 2,246 0.3%
Ultra Clean Holdings Inc. Term Loan B 1st Lien F/R 08-27-2025 276,174 344 0.0%
Unimin Corp. Term Loan 1st Lien F/R 05-21-2025 196,262 209 0.0%
Union Gas Ltd. 3.59% 11-22-2047 Callable 2047 510,000 557 0.1%
Union Pacific Corp. 17,810 3,944 0.5%
United States Treasury 0.50% 04-15-2024 Inflation Indexed 3,180,000 4,274 0.6%
United States Treasury 0.75% 07-15-2028 Inflation Indexed 3,080,000 4,280 0.6%
United States Treasury 2.63% 02-15-2029 450,000 622 0.1%
US Renal Care Inc. Term Loan B 1st Lien F/R 06-14-2026 217,641 280 0.0%
USA Compression Partners LP 6.88% 09-01-2027 Callable 2022 22,142 30 0.0%
Vancouver Airport Authority 3.66% 11-23-2048 Callable 2048 454,428 533 0.1%
Ventas Canada Finance Ltd. 2.55% 03-15-2023 Callable 2023 940,000 941 0.1%
Ventas Realty LP 4.00% 03-01-2028 Callable 2027 340,000 468 0.1%
VeriFone Systems Inc. Term Loan 1st Lien F/R 08-09-2025 121,567 155 0.0%
Vertex Aerospace Services Corp. Term Loan B 1st Lien F/R 06-14-2025 108,864 143 0.0%
Vesta Energy Corp. 8.13% 07-24-2023 Callable 2020 144A 33,213 31 0.0%
Victory Capital Holdings Inc. Term Loan B 1st Lien F/R 06-07-2026 84,392 111 0.0%
Vidéotron Ltée 5.63% 06-15-2025 Callable 2025 13,839 15 0.0%
Vidéotron Ltée 5.75% 01-15-2026 Callable 2020 33,213 35 0.0%
Vistage Worldwide Inc. Term Loan 1st Lien F/R 02-01-2025 184,279 241 0.0%
Vodafone Group PLC 3.75% 01-16-2024 230,000 315 0.0%
VRX Escrow Corp. 6.13% 04-15-2025 Callable 2020 144A 15,499 21 0.0%
VVC Holding Corp. Term Loan B 1st Lien F/R 02-07-2026 57,999 76 0.0%
Vyaire Medical Inc. Term Loan B 1st Lien F/R 04-06-2025 195,772 232 0.0%
Wabtec Corp. 1,697 159 0.0%
Waste Pro USA Inc. 5.50% 02-15-2026 Callable 2021 144A 21,035 28 0.0%
WellDyneDx Inc. Term Loan 1st Lien F/R 08-16-2022 223,383 290 0.0%
Wells Fargo & Co. 129,200 8,006 1.2%
Wells Fargo & Co. 3.19% 02-08-2024 Callable 2024 1,077,750 1,109 0.2%
Welltower Inc. 4.13% 03-15-2029 Callable 2028 333,321 463 0.1%
Welltower Inc. 4.25% 04-15-2028 Callable 2028 254,428 357 0.0%
WestJet Airlines Ltd. 77,075 2,369 0.3%
Westshore Terminals Investment Corp. 347,698 7,642 1.1%
Williams Scotsman International Inc. 7.88% 12-15-2022 Callable 2019 144A 132,640 183 0.0%
Xplornet Communications Inc. 9.63% 06-01-2022 Callable 2019 144A 51,762 69 0.0%
Yak Access LLC Term Loan B 1st Lien F/R 06-26-2025 312,613 378 0.1%
YRC Worldwide Inc. Term Loan 1st Lien F/R 07-21-2022 35,376 46 0.0%
Ziggo Secured Finance Partnership Term Loan E 1st Lien F/R 04-27-2025 160,530 206 0.0%
Zimmer Biomet Holdings Inc. 19,771 3,048 0.4%
Zotec Partners LLC Term Loan 1st Lien F/R 02-09-2024 26,181 34 0.0%
Total Investments -- 722,853 99.1%
Cash & Equivalents -- 1,067 0.1%
Currency Hedge Contracts -- 2,502 0.3%
Other Assets (Liabilities) -- 3,787 0.5%
Total Net Assets -- 730,209 100.0%

Asset Allocation (%) Help Holdings by region and sector

As of August 31, 2019
  • Regional Allocation
      Canada
    EQ : 37.8% | FI : 25.0%
    62.8%
      United States
    EQ : 18.0% | FI : 7.5%
    25.5%
      Other
    EQ : 4.1% | FI : 1.7%
    5.8%
      Switzerland
    EQ : 2.0%
    2.0%
      Japan
    EQ : 1.5%
    1.5%
      New Zealand
    FI : 0.6%
    0.6%
      United Kingdom
    FI : 0.5%
    0.5%
      Cash & Equivalents 1.3%
  • Sector Allocation
      Fixed Income 35.4%
      Financials 15.1%
      Energy 10.5%
      Consumer Staples 8.9%
      Industrials 7.7%
      Consumer Discretionary 4.1%
      Materials 4.1%
      Information Technology 3.7%
      Health Care 3.5%
      Communication Serv. 2.9%
      Other 2.8%
      Cash & Equivalents 1.3%
Credit Allocation (%)
AAA 4.8%
AA 5.6%
A 8.8%
BBB 10.6%
BB 1.4%
B 3.3%
CCC & Below 0.5%
NR 0.2%
Cash & Equivalents 0.4%
Equities 64.2%

Other Canadian Balanced Funds

Portfolio Managers

Jonathan Norwood, MBA, CFA

Senior Vice President, Investment Management, Portfolio Manager

Mackenzie Cundill Team

Investment experience since 1998

Richard Wong, CFA

Senior Vice President, Investment Management, Portfolio Manager

Mackenzie Cundill Team

Investment experience since 1994

Steve Locke, MBA, CFA

Senior Vice President, Portfolio Manager, Head of Team

Mackenzie Fixed Income Team

Investment experience since 1995

Dan Cooper, CFA

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

Konstantin Boehmer, MBA

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

Nelson Arruda, CFA

Vice President, Portfolio Manager

Mackenzie Multi-Asset Strategies Team

Investment experience since 2009

Note: USD option is capped to new purchases.

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

Low correlation with benchmark, therefore is a good diversifier for more index-oriented investors.

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 62.5% S&P/TSX Composite Index and 37.5% FTSE 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 ratings issued by a designated rating organization.