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

Mackenzie Cundill Canadian Balanced Fund Series C

Asset Class: Canadian Balanced

Major Holdings (%) Help Top holdings by percentage

As of July 31, 2017
Major holdings represent 25.6% of the fund.
View all holdings
Total # of
Equity Holdings
76
Total # of
Fixed Income Holdings
326
Holding name, country and sector Percentage of holding in fund
Chesapeake Energy Corp
United States | Oil & Gas Exploration & Prod.
5.2%
Citigroup Inc
United States | Diversified Banks
4.0%
American International Group Inc
United States | Multi-Line Insurance
3.6%
Fairfax Financial Holdings Ltd. 8.30% 04-15-2026
Canada | Corporate - Non Convertible
3.3%
Bank of America Corp
United States | Diversified Banks
2.8%
Canfor Corp
Canada | Forest Products
2.2%
Province of Ontario 2.90% 12-02-2046
Canada | Provincial Governments
1.3%
Province of Quebec 2.75% 09-01-2027
Canada | Provincial Governments
1.1%
Province of Ontario 2.80% 06-02-2048
Canada | Provincial Governments
1.1%
Province of Alberta 3.30% 12-01-2046
Canada | Provincial Governments
0.9%

Complete Fund Holdings Help Full holdings list

As of May 31, 2017
Holding Name No. of Shares/Units Market Value CAD (000s) % of NAV
407 International Inc. 3.43% 06-01-2033 MTN 1,140,000 1,203 0.1%
407 International Inc. 3.60% 05-21-2047 Callable 800,000 826 0.1%
Agrium Inc. 87,300 10,897 1.0%
Algonquin Power & Utilities Corp. 4.09% 02-17-2027 Callable 1,010,000 1,092 0.1%
Algonquin Power & Utilities Corp. 4.65% 02-15-2022 1,130,000 1,246 0.1%
Alimentation Couche-Tard Inc. Class B Sub. voting 317,900 19,862 1.8%
Allied Properties Real Estate Investment Trust 3.64% 04-21-2025 Callable 2025 920,000 927 0.1%
Allied Properties REIT 3.748% 05-13-2020 Series A 800,000 835 0.1%
Allied Properties REIT 3.93% 11-14-2022 Series B 633,000 666 0.1%
AltaGas Ltd. 3.72% 09-28-2021 Callable 1,330,000 1,418 0.1%
AltaGas Ltd. Pfd. Series K 46,826 1,205 0.1%
Altalink LP 3.72% 12-03-2046 Callable Series MTN 415,000 437 0.0%
American International Group Inc. 549,531 47,228 4.3%
AMS FinCo SARL Term Loan 1st Lien F/R 05-17-2024 160,000 215 0.0%
Anheuser-Busch InBev Finance Inc. 2.60% 05-15-2024 Callable 2024 970,000 984 0.1%
Anheuser-Busch InBev Finance Inc. 3.30% 02-01-2023 Callable 2022 1,150,000 1,603 0.1%
Apache Corp. 46,343 2,927 0.3%
APT Pipelines Ltd. 4.20% 03-23-2025 Callable 2024 144A 1,390,000 1,951 0.2%
APT Pipelines Ltd. 4.245% 07-24-2019 1,660,000 1,737 0.2%
Artis Real Estate Investment Trust 3.753% 03-27-2019 1,000,000 1,021 0.1%
Ascend Learning LLC Bridge Loan 10-18-2017 1L Sr. Secd 210,000 0.0%
ASP AMC Merger Sub Inc. 8.00% 05-15-2025 Callable 2020 144A 560,000 742 0.1%
ASP AMC Merger Sub Inc. Term Loan 1st Lien F/R 04-13-2024 304,866 410 0.0%
ASP MSG Acquisition Co. Inc. Term Loan 1st Lien F/R 08-16-2023 328,350 447 0.0%
Aviva PLC 4.50% 05-10-2021 580,000 626 0.1%
Baidu Inc. ADR 21,432 5,387 0.5%
Bank of America Corp. 973,357 29,462 2.7%
Bank of America Corp. 3.95% 04-21-2025 270,000 371 0.0%
Bank of America Corp. F/R 03-15-2023 Callable 2022 1,690,000 1,721 0.2%
Bank of Montreal 3.32% 06-01-2026 1,950,000 2,027 0.2%
Bank of Montreal 3.34% 12-08-2025 Callable 2020 2,320,000 2,409 0.2%
Bank of Montreal F/R 06-01-2027 Callable 2022 1,540,000 1,545 0.1%
Bank of Nova Scotia 1.83% 04-27-2022 2,040,000 2,043 0.2%
Barclays PLC 1,868,266 6,828 0.6%
Barrick Gold Corp. 186,200 4,160 0.4%
bcIMC Realty Corp. 3.00% 03-31-2027 Callable 2026 590,000 616 0.1%
Bell Canada 2.70% 02-27-2024 Callable 600,000 612 0.1%
Bell Canada 4.45% 02-27-2047 Callable 1,480,000 1,552 0.1%
Boardwalk Real Estate Investment Trust 119,530 5,731 0.5%
BorgWarner Inc. 104,368 5,992 0.5%
Brookfield Asset Management Inc. Pfd. Series 46 38,573 1,005 0.1%
Brookfield Property Partners LP 212,800 6,390 0.6%
Brookfield Renewable Energy Partners ULC 3.63% 01-15-2027 Callable 2026 870,000 906 0.1%
Brookfield Renewable Energy Partners ULC 3.752% 06-02-2025 Callable 2025 2,650,000 2,817 0.3%
Brookfield Renewable Partners LP Pfd. Series 11 52,542 1,320 0.1%
Bruce Power LP 2.84% 06-23-2021 2,070,000 2,146 0.2%
Bruce Power LP 3.00% 06-21-2024 Callable 2024 Series:17-1 180,000 186 0.0%
Bruce Power LP 3.97% 06-23-2026 380,000 414 0.0%
Caisse Centrale Desjardins 2.09% 01-17-2022 2,010,000 2,039 0.2%
Camelot Finance LP Term Loan 1st Lien F/R 10-03-2023 606,950 825 0.1%
Canada Housing Trust 2.35% 06-15-2027 1,170,000 1,218 0.1%
Canadian Commercial Mortgage Origination Trust 1 2.768% 11-12-2018 882,219 891 0.1%
Canadian Imperial Bank of Commerce 3.42% 01-26-2026 Callable 2021 2,120,000 2,205 0.2%
Canadian National Railway Co. 206,600 21,637 2.0%
Canadian National Railway Co. 3.95% 09-22-2045 Callable 2045 160,000 179 0.0%
Canadian Pacific Railway Ltd. 74,800 15,986 1.5%
Canadian Real Estate Investment Trust 2.95% 01-18-2023 Callable 2022 620,000 626 0.1%
Canfor Corp. 1,270,675 24,448 2.2%
Celestica Inc. Sub. voting 1,095,915 20,351 1.9%
Cenovus Energy Inc. 1,284,089 15,473 1.4%
CenturyLink Inc. Bridge Loan 01-31-2018 1L Sr. Secured 1,390,000 0.0%
CenturyLink Inc. Term Loan B 1st Lien F/R 01-31-2025 570,000 769 0.1%
CES Energy Solutions Corp. 691,856 4,428 0.4%
Chesapeake Energy Corp. 1,817,757 12,423 1.1%
Chesapeake Energy Corp. 5.75% Conv. Pfd. 4,041 3,500 0.3%
Chesapeake Energy Corp. 5.75% Conv. Pfd. Series A Conv. @ $26.097 53,354 45,174 4.1%
CHIP Mortgage Trust 2.33% 04-29-2020 1,120,000 1,116 0.1%
CHIP Mortgage Trust 2.98% 11-15-2021 380,000 382 0.0%
Cision AB Term Loan B 1st Lien F/R 06-16-2023 377,150 514 0.0%
Citigroup Inc. 617,847 50,521 4.8%
Citigroup Inc. 3.39% 11-18-2021 837,000 884 0.1%
Comber Wind Financial Corp. 5.132% 11-15-2030 1,952,125 2,192 0.2%
Commonwealth of Bahamas 5.75% 01-16-2024 550,000 781 0.1%
Commonwealth of Bahamas 6.95% 11-20-2029 1,160,000 1,709 0.2%
Communications Sales & Leasing Inc. Term Loan B 1st Lien F/R 10-24-2022 624,242 846 0.1%
ConvergeOne Holdings Corp. Term Loan 1st Lien F/R 06-16-2020 218,875 296 0.0%
Crosslinx Transit Solutions General Partnership 4.651% 09-30-2046 1,500,000 1,578 0.1%
CSP Technologies North America LLC Term Loan B 1st Lien F/R 01-29-2022 1,157,975 1,589 0.1%
CU Inc. 3.76% 11-19-2046 Callable 2046 550,000 583 0.1%
Currency Put Option EUR/JPY 06-07-2017 Strike 118.00 7,900,000 0.0%
CVS Health Corp. 51,684 5,363 0.5%
Daimler Canada Finance Inc. 1.57% 05-25-2020 Series EMTN 810,000 809 0.1%
Danske Bank AS 2.75% 09-17-2020 144A 390,000 535 0.0%
Danske Bank AS 2.80% 03-10-2021 144A 840,000 1,155 0.1%
DAVITA Inc. 102,652 9,187 0.8%
Dayco Products LLC Term Loan B 1st Lien F/R 05-04-2023 480,000 648 0.1%
DBRS Ltd. Term Loan 1st Lien F/R 02-25-2022 302,393 397 0.0%
Dell International LLC Term Loan 1st Lien F/R 09-07-2023 626,854 853 0.1%
Diamond 1 Finance Corp. 4.42% 06-15-2021 Callable 2021 144A 110,000 157 0.0%
Diamond 1 Finance Corp. 5.45% 06-15-2023 Callable 2023 144A 220,000 323 0.0%
Diamond 1 Finance Corp. 6.02% 06-15-2026 Callable 2026 144A 220,000 328 0.0%
Drive DeVilbiss Healthcare Ltd. Term Loan 1st Lien F/R 12-21-2022 417,375 550 0.1%
Dundee Corp. Class A sub. voting 1,173,620 3,615 0.3%
E-L Financial Corp. Ltd. 22,155 18,632 1.7%
ECN Capital Corp. 1,723,200 6,359 0.6%
Empire Co. Ltd. Class A non-voting 323,660 6,632 0.6%
Enbridge Inc. 191,100 9,937 0.9%
Enbridge Inc. 4.00% Cum. Red. Pfd. Series B 6,040 108 0.0%
Enbridge Inc. 4.24% 08-27-2042 1,550,000 1,552 0.1%
Endo International plc Term Loan B 1st Lien F/R 04-12-2024 120,000 164 0.0%
EnerCare Solutions Inc. 3.38% 02-21-2022 Callable 2022 840,000 863 0.1%
EnerCare Solutions Inc. 3.99% 02-21-2024 Callable 2023 840,000 882 0.1%
Fairfax Financial Holdings Ltd. 7.75% 07-15-2037 6,130,000 9,662 0.9%
Fairfax Financial Holdings Ltd. 8.30% 04-15-2026 22,100,000 36,651 3.4%
Fairfax Financial Holdings Ltd. Sub. voting 13,995 8,295 0.8%
Floor & Decor Outlets of America Inc. Term Loan 1st Lien F/R 09-30-2024 120,536 165 0.0%
Fortified Trust 1.67% 07-23-2021 1,110,000 1,113 0.1%
FR Dixie Acquisition Corp. Term Loan B 1st Lien F/R 01-23-2021 874,129 868 0.1%
Futures Contracts -223 0.0%
G-III Apparel Group Ltd. Term Loan B 1st Lien F/R 10-05-2022 308,571 404 0.0%
Garda World Security Corp. Term Loan B 1st Lien F/R 05-03-2024 2,461,000 2,984 0.3%
General Motors Financial of Canada Ltd. 2.60% 06-01-2022 690,000 689 0.1%
Glacier Credit Card Trust 2.05% 09-20-2022 1,180,000 1,186 0.1%
Global Eagle Entertainment Inc. Term Loan 1st Lien F/R 12-22-2022 760,000 960 0.1%
Goldcorp Inc. 191,100 3,511 0.3%
Government of Canada 1.25% 12-01-2047 Real Return 8,800,000 11,316 1.0%
Government of Canada 2.75% 12-01-2048 890,000 1,034 0.1%
Government of Canada 3.50% 06-01-2020 870,000 940 0.1%
Government of Portugal 5.125% 10-15-2024 2,660,000 3,660 0.3%
Granite Real Estate Investment Trust 285,196 14,593 1.3%
Granite REIT Holdings LP 3.788% 07-05-2021 Callable 2021 490,000 510 0.0%
Granite REIT Holdings LP 3.87% 11-30-2023 Callable 2023 1,370,000 1,422 0.1%
GST AutoLeather Inc. Term Loan B 1st Lien F/R 07-11-2020 630,810 839 0.1%
H&R Real Estate Investment Trust 2.92% 05-06-2022 720,000 726 0.1%
H&R Real Estate Investment Trust 3.37% 01-30-2024 Callable 2023 910,000 925 0.1%
HCA Holdings Inc. 29,175 3,228 0.3%
HCN Canadian Holdings-1 LP 3.35% 11-25-2020 860,000 902 0.1%
Heathrow Funding Ltd. 3.25% 05-21-2025 490,000 522 0.0%
Hennessy Capital Acquisition Corp. II Term Loan 1st Lien F/R 02-03-2024 442,857 603 0.1%
Hennessy Capital Acquisition Corp. II Term Loan Delayed Draw 1st Lien F/R 02-03-2024 177,143 241 0.0%
Hitachi Ltd. 754,000 6,148 0.6%
Honda Canada Finance Inc. 2.27% 07-15-2022 660,000 673 0.1%
HSBC Holdings PLC 3.20% 12-05-2023 1,310,000 1,365 0.1%
Hudson's Bay Co. 524,700 5,336 0.5%
Hydro One Inc. 3.72% 11-18-2047 1,290,000 1,354 0.1%
Hydro One Inc. 3.91% 02-23-2046 Callable 2045 930,000 1,005 0.1%
Hyster-Yale Group Inc. Term Loan B 1st Lien F/R 05-22-2023 460,000 626 0.1%
Industrial Alliance Insurance and Financial Services Inc. 74,800 3,741 0.3%
Industrial Alliance Insurance and Financial Services Inc. 2.80% 05-16-2024 Callable 2019 730,000 744 0.1%
Innocor Inc. Term Loan 1st Lien F/R 02-02-2024 490,000 664 0.1%
Integro Ltd. United States Term Loan B1 1st Lien F/R 11-02-2022 689,008 932 0.1%
Inter Pipeline Ltd. 2.73% 04-18-2024 Callable 2024 1,060,000 1,078 0.1%
Inter Pipeline Ltd. 3.48% 12-16-2026 Callable 2026 930,000 972 0.1%
Interior Logic Group Inc. Term Loan B 1st Lien F/R 02-27-2024 460,000 614 0.1%
International Business Machines Corp. 32,459 6,691 0.6%
International Finance Corp. 3.625% 05-20-2020 1,490,000 1,465 0.1%
iQor US Inc. Term Loan B 1st Lien F/R 04-01-2021 1,878,190 2,535 0.2%
iShares iBoxx $ High Yield Corporate Bond ETF Put Option @ $85.00 Exp. 09-15-2017 1,224 114 0.0%
JBS USA Lux SA Term Loan B 1st Lien F/R 10-30-2022 170,000 227 0.0%
JPMorgan Chase & Co. 3.19% 03-05-2021 1,430,000 1,502 0.1%
KEMET Corp. Term Loan B 1st Lien F/R 04-21-2024 640,000 864 0.1%
Keystone Peer Review Organization Holdings Inc. Term Loan 1st Lien F/R 05-10-2024 170,000 225 0.0%
Kinross Gold Corp. 526,600 3,075 0.3%
Lantheus Medical Imaging Inc. Term Loan B 1st Lien F/R 06-30-2022 1,090,000 1,481 0.1%
Laurentian Bank of Canada 1.35% 03-01-2022 97508706 488,124 486 0.0%
Liberty Global PLC Class A 166,654 6,883 0.6%
Linamar Corp. 125,700 7,703 0.7%
Loblaw Companies Ltd. 100,600 7,681 0.7%
Mackenzie Cundill International Fund Series R 1,113,600 12,093 1.1%
Mackenzie Global Credit Opportunities Fund Series R 1,818,756 18,274 1.7%
Mackenzie Global Tactical Bond Fund Series R 608,405 6,064 0.6%
Mackenzie Unconstrained Fixed Income Fund Series R 408,673 4,242 0.4%
Magna International Inc. 136,100 8,230 0.8%
Manulife Bank of Canada 1.92% 09-01-2021 1,020,000 1,024 0.1%
Manulife Bank of Canada 2.08% 05-26-2022 1,050,000 1,055 0.1%
McKesson Corp. 37,169 8,188 0.7%
Merrill Lynch Canada Inc. 1.37% 11-01-2021 2,712,692 2,708 0.2%
Merrill Lynch Canada Inc. 1.62% 03-01-2022 2,949,253 2,969 0.3%
Mexican Bonos 5.00% 12-11-2019 66,075,000 4,540 0.4%
Molson Coors International LP 2.84% 07-15-2023 Callable 2023 860,000 877 0.1%
Morgan Stanley 3.00% 02-07-2024 Series MPLE 1,390,000 1,429 0.1%
National Bank of Canada 1.96% 06-30-2022 1,200,000 1,207 0.1%
National Bank of Canada 2.105% 03-18-2022 2,910,000 2,953 0.3%
Nielsen Holdings PLC 128,315 6,669 0.6%
North Battleford Power LP 4.958% 12-31-2032 932,820 1,081 0.1%
North West Redwater Partnership 2.80% 06-01-2027 Callable 2027 280,000 282 0.0%
North West Redwater Partnership 3.65% 06-01-2035 Callable 2034 510,000 520 0.0%
Novartis AG Reg. 57,880 6,401 0.6%
Novitex Acquisition LLC Term Loan 1st Lien F/R 07-01-2020 1,076,911 1,455 0.1%
Nykredit Realkredit AS 1.00% 01-01-2021 20,010,000 4,238 0.4%
Odebrecht Finance Ltd. 5.25% 06-27-2029 2,080,000 1,108 0.1%
Omega Healthcare Investors Inc. 4.50% 01-15-2025 Callable 2024 540,000 742 0.1%
OMERS Realty Corp. 2.858% 02-23-2024 Callable 2024 1,220,000 1,283 0.1%
OPB Finance Trust 2.98% 01-25-2027 Series F 790,000 831 0.1%
Oracle Corp. 127,160 7,796 0.7%
Pembina Pipeline Corp. 2.99% 01-22-2024 Callable 2023 504,000 517 0.0%
Pembina Pipeline Corp. 3.71% 08-11-2026 Callable 2026 710,000 750 0.1%
Pembina Pipeline Corp. 4.24% 06-15-2027 Callable 2027 2,880,000 3,129 0.3%
PepsiCo Inc. 2.15% 05-06-2024 Callable 2024 550,000 556 0.1%
PetSmart Inc. 5.88% 06-01-2025 Callable 2020 144A 180,000 244 0.0%
PetSmart Inc. 8.88% 06-01-2025 Callable 2020 144A 40,000 53 0.0%
PetSmart Inc. Bridge Loan 01-24-2018 1L Gtd Sr. Secd 267,000 0.0%
PetSmart Inc. Bridge Loan 01-24-2018 Sr. Unsecd 441,000 0.0%
Polycom Inc. Term Loan 1st Lien F/R 09-27-2023 270,650 371 0.0%
POSCO 36,969 12,577 1.2%
Potash Corp. of Saskatchewan Inc. 588,400 13,127 1.2%
Precision Drilling Corp. 2,879,780 14,111 1.3%
Province of Alberta 3.30% 12-01-2046 9,840,000 10,314 0.9%
Province of British Columbia 2.55% 06-18-2027 200,000 208 0.0%
Province of Manitoba 2.85% 09-05-2046 2,260,000 2,166 0.2%
Province Of Manitoba 3.40% 09-05-2048 6,440,000 6,903 0.6%
Province of Ontario 2.60% 06-02-2027 2,560,000 2,656 0.2%
Province of Ontario 2.80% 06-02-2048 10,450,000 10,207 0.9%
Province of Ontario 2.90% 12-02-2046 14,770,000 14,643 1.3%
Province Of Quebec 2.75% 09-01-2027 11,610,000 12,210 1.1%
Province of Quebec 3.50% 12-01-2045 6,550,000 7,247 0.7%
Province of Quebec 3.50% 12-01-2048 2,100,000 2,351 0.2%
PSP Capital Inc. 2.09% 11-22-2023 Series 9 400,000 408 0.0%
Quinpario Acquisition Corp. BL 07-24-2017 Secured & Unsecured Bridge Loan 1,800,000 0.0%
RBC Dominion Securities 1.45% 10-01-2021 591,667 592 0.1%
Reliance LP 3.813% 09-15-2020 890,000 924 0.1%
REP WWEX Acquisition Parent LLC Term Loan 1st Lien F/R 02-02-2024 490,000 665 0.1%
Rowan Companies Inc. 443,566 7,213 0.7%
Royal Bank of Canada 2.33% 12-05-2023 DPNT 160,000 163 0.0%
Royal Bank of Canada 3.31% 01-20-2026 3,100,000 3,215 0.3%
Royal Bank of Canada 4.65% 01-27-2026 GMTN 810,000 1,171 0.1%
Sage Automotive Holdings Inc. Term Loan 1st Lien F/R 10-27-2022 418,950 569 0.1%
Samsung Electronics Co. Ltd. 4,451 12,002 1.1%
Sanofi 58,923 7,883 0.7%
Sea to Sky Highway Investment LP 2.63% 08-31-2030 Series A 1,062,703 1,057 0.1%
Select Medical Corp. Term Loan B 1st Lien F/R 02-09-2024 280,000 382 0.0%
ShawCor Ltd. 281,438 8,643 0.8%
Source Energy Services Canada LP 10.50% 12-15-2021 Callable 2018 144A 740,000 814 0.1%
Source Energy Services Ltd. Private Placement 5,725 44 0.0%
Spy Hill Power LP 4.14% 03-31-2036 822,807 878 0.1%
Sun Life Financial Inc. F/R 02-19-2026 Callable 2021 1,580,000 1,646 0.2%
Sun Life Financial Inc. F/R 09-19-2028 Callable 2023 1,810,000 1,889 0.2%
Sun Life Financial Inc. F/R 09-25-2025 Callable 2020 2,250,000 2,306 0.2%
Superior Industries International Inc. Bridge Term 2 1st Lien F/R 03-21-2018 530,000 804 0.1%
Sybil Software LLC Term Loan B 1st Lien F/R 09-30-2023 325,875 445 0.0%
Sydney Airport Finance Co. Pty. Ltd. 3.625% 04-28-2026 Callable 2026 144A 1,250,000 1,712 0.2%
TD Securities Inc. 1.45% 12-01-2021 786,137 786 0.1%
Teck Resources Ltd. Class B 820,186 19,725 1.8%
Telus Corp. 4.70% 03-06-2048 Callable 2047 1,070,000 1,128 0.1%
Tempo Acquisition LLC Term Loan B 1st Lien F/R 04-21-2024 160,000 217 0.0%
Tenaris SA ADR 261,909 10,719 1.0%
The Bank of Nova Scotia 1.90% 12-02-2021 Series DPNT 2,280,000 2,296 0.2%
The Bank of Nova Scotia 4.50% 12-16-2025 510,000 726 0.1%
The Goldman Sachs Group Inc. 24,780 7,071 0.6%
The Goldman Sachs Group Inc. 2.433% 04-26-2023 Callable 1,410,000 1,420 0.1%
The Goldman Sachs Group Inc. 3.55% 02-12-2021 3,110,000 3,290 0.3%
The International Bank for Reconstruction and Development 3.50% 01-22-2021 4,610,000 4,519 0.4%
The Manufacturers Life Insurance Co. 2.389% 01-05-2026 Callable 2021 1,230,000 1,252 0.1%
The Toronto-Dominion Bank 1.91% 07-18-2023 DPNT 2,430,000 2,428 0.2%
The Toronto-Dominion Bank 2.982% 09-30-2025 Callable 2020 640,000 657 0.1%
The Toronto-Dominion Bank 4.859% 03-04-2031 Callable 2026 MTN 1,200,000 1,370 0.1%
The Weir Group PLC 245,187 7,749 0.7%
TMX Group Ltd. 4.46% 10-03-2023 Callable 2023 1,010,000 1,127 0.1%
Torstar Corp. Class B non-voting 3,735,700 5,529 0.5%
Toyota Credit Canada Inc. 2.02% 02-28-2022 1,500,000 1,514 0.1%
Toys R Us Property Co. I LLC Term Loan B F/R 08-21-2019 514,174 672 0.1%
TransAlta Corp. 375,074 2,858 0.3%
TransAlta Corp. 5.00% 11-25-2020 1,120,000 1,180 0.1%
TransAlta Corp. Pfd. Series A 43,775 562 0.1%
TransCanada Corp. 4.00% Pfd. Series 7 4,156 86 0.0%
TransCanada Corp. Pfd. Series 15 96,093 2,506 0.2%
TransCanada Trust F/R 05-18-2077 Callable 2027 1,120,000 1,152 0.1%
Trillium Windpower LP 5.80% 02-15-2033 880,656 1,045 0.1%
Twenty-First Century Fox Inc. 118,811 4,352 0.4%
Uber Technologies Inc. Term Loan B 1st Lien F/R 07-07-2023 886,897 1,193 0.1%
Union Pacific Corp. 54,777 8,161 0.7%
United Parcel Service Inc. 2.13% 05-21-2024 Callable 2024 780,000 787 0.1%
US LBM Holdings LLC Term Loan 1st Lien F/R 08-20-2022 885,160 1,203 0.1%
Ventas Canada Finance Ltd. 2.55% 03-15-2023 Callable 2023 940,000 946 0.1%
Verizon Communications Inc. 2.63% 08-15-2026 Callable 2026 1,660,000 2,082 0.2%
Virtu Financial Bridge Loan 01-31-2018 2l Gtd Sr. Secd 520,000 0.0%
WellDyneDx Inc. Term Loan 1st Lien F/R 10-12-2023 410,000 542 0.0%
Wells Fargo & Co. 110,701 7,646 0.7%
Wells Fargo & Co. 2.51% 10-27-2023 4,060,000 4,108 0.4%
Wells Fargo & Co. 2.975% 05-19-2026 Series MPLE 923,000 938 0.1%
Wells Fargo & Co. 3.874% 05-21-2025 Series MTN 1,130,000 1,208 0.1%
West Fraser Timber Co. Ltd. 348,017 20,467 1.9%
Western Refining Inc. Term Loan B2 1st Lien F/R 05-27-2023 415,800 563 0.1%
WestJet Airlines Ltd. 313,489 7,220 0.7%
Winnebago Industries Inc. Term Loan B 1st Lien F/R 11-08-2023 306,900 419 0.0%
WTH Car Rental ULC 1.912% 07-20-2020 460,000 457 0.0%
Total Investments -- 1,088,167 99.6%
Cash & Equivalents -- 3,310 0.3%
Currency Hedge Contracts -- -192 0.0%
Other Assets (Liabilities) -- 767 0.1%
Total Net Assets -- 1,092,052 100.0%

Asset Allocation (%) Help Holdings by region and sector

As of July 31, 2017
  • Regional Allocation
      Canada
    EQ : 33.4% | FI : 23.9%
    57.3%
      United States
    EQ : 24.2% | FI : 5.1%
    29.3%
      Other
    EQ : 3.5% | FI : 2.4%
    5.9%
      United Kingdom
    EQ : 3.0%
    3.0%
      South Korea
    EQ : 2.1%
    2.1%
      Mexico
    FI : 0.6%
    0.6%
      Denmark
    FI : 0.5%
    0.5%
      Cash & Equivalents 1.3%
  • Sector Allocation
      Fixed Income 32.5%
      Financials 16.8%
      Energy 12.2%
      Materials 9.7%
      Industrials 6.2%
      Consumer Discretionary 5.5%
      Information Technology 5.1%
      Consumer Staples 3.8%
      Health Care 2.8%
      Real Estate 2.5%
      Other 1.6%
      Cash & Equivalents 1.3%
Credit Allocation (%)
AAA 3.5%
AA 7.9%
A 6.6%
BBB 9.7%
BB 1%
B 2.2%
C 0.3%
NR 1.3%
Cash & Equivalents 1.3%
Equities 66.2%

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

William Aldridge, MBA, CFA

Vice President, Portfolio Manager

Mackenzie All Cap Value 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

Alain Bergeron, CFA

Senior Vice President, Portfolio Manager, Head of Team

Mackenzie Asset Allocation Team

Investment experience since 2000

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

Note: USD option is capped to new purchases.

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 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).