Mackenzie Cundill Canadian Balanced Fund Series C

Asset Class: Canadian Balanced

Major Holdings (%) Help Top holdings by percentage

As of January 31, 2017
Major holdings represent 28.4% of the fund.
View all holdings
Total # of
Equity Holdings
65
Total # of
Fixed Income Holdings
213
Holding name, country and sector Percentage of holding in fund
Chesapeake Energy Corp
United States | Oil & Gas Exploration & Prod.
5.7%
Citigroup Inc
United States | Diversified Banks
4.5%
American International Group Inc
United States | Multi-Line Insurance
4.4%
Fairfax Financial Holdings Ltd. 8.30% 04-15-2026
Canada | Corporate - Non Convertible
3.8%
Canfor Corp
Canada | Forest Products
3.3%
West Fraser Timber Co Ltd.
Canada | Forest Products
3.1%
Province of Ontario 2.90% 12-02-2046
Canada | Provincial Governments
1.3%
Government of Canada 1.25% 12-01-2047 Real Return
Canada | Federal Government
1.0%
Fairfax Financial Holdings Ltd. 7.75% 07-15-2037
Canada | Corporate - Non Convertible
0.8%
Province of Alberta 3.30% 12-01-2046
Canada | Provincial Governments
0.7%

Complete Fund Holdings Help Full holdings list

As of November 30, 2016
Holding Name No. of Shares/Units Market Value CAD (000s) % of NAV
407 International Inc. 3.60% 05-21-2047 Callable 800,000 786 0.1%
Agrium Inc. 87,300 11,820 1.0%
Algonquin Power & Utilities Corp. 4.65% 02-15-2022 1,030,000 1,101 0.1%
Algonquin Power & Utilities Corp. 5.50% 07-25-2018 Callable 3,050,000 3,204 0.3%
Alimentation Couche-Tard Inc. 3.60% 06-02-2025 Callable 2025 1,390,000 1,430 0.1%
Alimentation Couche-Tard Inc. 4.214% 08-21-2020 1,205,000 1,299 0.1%
Alimentation Couche-Tard Inc. Class B Sub. voting 224,900 13,942 1.2%
Allied Properties Real Estate Investment Trust 3.934% 11-14-2022 Series B 743,000 755 0.1%
Allied Properties REIT 3.748% 05-13-2020 Series A 920,000 942 0.1%
AltaGas Ltd. 3.72% 09-28-2021 Callable 1,330,000 1,403 0.1%
Altalink LP 3.717% 12-03-2046 Callable Series MTN 105,000 105 0.0%
Altice SA 7.75% 05-15-2022 Callable 2017 144A 450,000 633 0.1%
American International Group Inc. 593,516 50,454 4.4%
Anheuser-Busch InBev Finance Inc. 3.30% 02-01-2023 Callable 2022 1,150,000 1,565 0.1%
Antero Resources Corp. 5.625% 06-01-2023 Callable 80,000 110 0.0%
Antero Resources Corp. 6.00% 12-01-2020 Callable 2016 370,000 512 0.0%
Apache Corp. 46,343 4,102 0.4%
APT Pipelines Ltd. 4.20% 03-23-2025 Callable 2024 144A 1,390,000 1,857 0.2%
APT Pipelines Ltd. 4.245% 07-24-2019 1,660,000 1,739 0.2%
Aretec Group Inc. 7,550 106 0.0%
Aretec Group Inc. Term Loan Exit 2nd Lien F/R 05-23-2021 993,350 1,140 0.1%
Artis Real Estate Investment Trust 3.753% 03-27-2019 1,000,000 1,012 0.1%
ASP MSG Acquisition Co. Inc. Term Loan 1st Lien F/R 08-04-2023 650,000 882 0.1%
Aviva PLC 4.50% 05-10-2021 580,000 611 0.1%
Baidu Inc. ADR 21,432 4,803 0.4%
Bank of America Corp. 973,357 27,594 2.4%
Bank of America Corp. 3.95% 04-21-2025 270,000 361 0.0%
Bank of Montreal 1.61% 10-28-2021 Series DPTN 1,670,000 1,650 0.1%
Bank of Montreal 1.88% 03-31-2021 1,590,000 1,595 0.1%
Bank of Montreal 3.32% 06-01-2026 2,040,000 2,074 0.2%
Bank of Montreal 3.340% 12-08-2025 Callable 2020 1,460,000 1,489 0.1%
Barrick Gold Corp. 186,200 3,752 0.3%
Bell Canada 3.55% 03-02-2026 Callable Series MTN 1,600,000 1,649 0.1%
Bellatrix Exploration Ltd. 8.50% 05-15-2020 Callable 2017 144A 150,000 194 0.0%
BP Capital Markets PLC 3.497% 11-09-2020 520,000 548 0.0%
Brookfield Asset Management Inc. 3.95% 04-09-2019 1,499,000 1,563 0.1%
Brookfield Asset Management Inc. 4.80% Pfd. Callable 2017 Series 30 1,647 33 0.0%
Brookfield Asset Management Inc. Pfd. Series 46 39,517 988 0.1%
Brookfield Property Partners LP 212,800 6,039 0.5%
Brookfield Renewable Energy Partners ULC 3.63% 01-15-2027 Callable 2026 870,000 850 0.1%
Brookfield Renewable Energy Partners ULC 3.752% 06-02-2025 Callable 2025 2,920,000 2,952 0.3%
Brookfield Residential Properties Inc. 6.375% 05-15-2025 Callable 2020 144A 450,000 603 0.1%
Bruce Power LP 2.844% 06-23-2021 1,280,000 1,300 0.1%
Bruce Power LP 3.969% 06-23-2026 380,000 391 0.0%
Camelot Finance LP Term Loan B 1st Lien F/R 09-15-2023 610,000 822 0.1%
Camelot Finance SA 7.88% 10-15-2024 Callable 2019 144A 445,000 613 0.1%
Canadian Commercial Mortgage Origination Trust 1 2.768% 11-12-2018 947,676 958 0.1%
Canadian Energy Services & Technology Corp. 691,856 4,836 0.4%
Canadian Imperial Bank of Commerce 1.90% 04-26-2021 DPNT 1,040,000 1,044 0.1%
Canadian Imperial Bank of Commerce 3.42% 01-26-2026 Callable 2021 2,200,000 2,247 0.2%
Canadian Imperial Bank of Commerce F/R 3.00% 10-28-2024 Callable 2019 1,670,000 1,688 0.1%
Canadian National Railway Co. 206,600 18,555 1.6%
Canadian Pacific Railway Ltd. 74,800 15,381 1.4%
Canadian Real Estate Investment Trust 3.676% 07-24-2018 310,000 317 0.0%
Canadian Real Estate Investment Trust 4.323% 01-15-2021 720,000 762 0.1%
Canfor Corp. 2,586,173 37,991 3.3%
Celestica Inc. Sub. voting 1,707,581 27,834 2.5%
Cenovus Energy Inc. 1,609,889 33,437 2.9%
Cenovus Energy Inc. 4.45% 09-15-2042 Callable 2042 570,000 638 0.1%
Chesapeake Energy Corp. 2,044,659 19,212 1.7%
Chesapeake Energy Corp. 5.75% Conv. Pfd. 4,041 3,065 0.3%
Chesapeake Energy Corp. 5.75% Conv. Pfd. Series A Conv. @ $26.097 53,354 38,002 3.4%
CHIP Mortgage Trust 2.33% 04-29-2020 1,120,000 1,109 0.1%
Chip Mortgage Trust 2.98% 11-15-2021 380,000 377 0.0%
Choice Properties LP 3.00% 09-20-2019 550,000 565 0.0%
Choice Properties LP 3.60% 09-20-2021 1,370,000 1,439 0.1%
Choice Properties Real Estate Investment Trust 2.297% 09-14-2020 590,000 593 0.1%
Choice Properties Real Estate Investment Trust 3.196% 03-07-2023 760,000 775 0.1%
Choice Properties Real Estate Investment Trust 4.055% 11-24-2025 Callable 2,700,000 2,824 0.2%
CI Financial Corp. 2.645% 12-07-2020 Callable 1,330,000 1,337 0.1%
Cision AB Term Loan B 1st Lien F/R 05-17-2023 379,050 494 0.0%
Citigroup Inc. 701,775 53,119 5.5%
Citigroup Inc. 3.39% 11-18-2021 837,000 877 0.1%
Comber Wind Financial Corp. 5.132% 11-15-2030 1,987,461 2,154 0.2%
Cominar Real Estate Investment Trust 3.62% 06-21-2019 1,980,000 2,020 0.2%
Cominar Real Estate Investment Trust 4.941% 07-27-2020 Callable 1,050,000 1,112 0.1%
Cominar REIT 4.247% 05-23-2023 500,000 506 0.0%
Commonwealth of Bahamas 5.75% 01-16-2024 2,060,000 2,869 0.3%
Commonwealth of Bahamas 6.95% 11-20-2029 900,000 1,332 0.1%
Communications Sales & Leasing Inc. Term Loan B 1st Lien F/R 10-24-2022 1,107,375 1,496 0.1%
ConvergeOne Holdings Corp. Term Loan 1st Lien F/R 06-16-2020 220,000 295 0.0%
Corp Nacional del Cobre de Chile 4.875% 11-04-2044 980,000 1,259 0.1%
Crombie Real Estate Investment Trust 2.775% 02-10-2020 170,000 169 0.0%
Crosslinx Transit Solutions General Partnership 4.651% 09-30-2046 1,500,000 1,499 0.1%
CSP Technologies North America LLC Term Loan 1st Lien F/R 02-02-2022 1,163,925 1,589 0.1%
CU Inc. 3.76% 11-19-2046 Callable 2046 550,000 555 0.0%
Currency Call Option USD/MXN 01-19-2016 Strike 19.50 2,490,000 201 0.0%
CVS Health Corp. 51,684 5,334 0.5%
Danske Bank AS 2.75% 09-17-2020 144A 390,000 529 0.0%
Danske Bank AS 2.80% 03-10-2021 144A 840,000 1,140 0.1%
DAVITA Inc. 102,652 8,729 0.8%
DBRS Ltd. Term Loan 1st Lien F/R 02-25-2022 303,936 369 0.0%
Deere & Co. 53,481 7,193 0.6%
Dell International LLC Term Loan B 1st Lien F/R 05-24-2022 630,000 854 0.1%
DHX Media Ltd. 5.875% 12-02-2021 Callable 2017 430,000 433 0.0%
Diamond 1 Finance Corp. 4.42% 06-15-2021 Callable 2021 144A 110,000 152 0.0%
Diamond 1 Finance Corp. 5.45% 06-15-2023 Callable 2023 144A 220,000 309 0.0%
Diamond 1 Finance Corp. 6.02% 06-15-2026 Callable 2026 144A 220,000 311 0.0%
Dollar General Corp. 3.25% 04-15-2023 Callable 2023 1,340,000 1,789 0.2%
Dundee Corp. Class A sub. voting 1,173,620 6,784 0.6%
E-L Financial Corp. Ltd. 33,255 23,478 2.1%
Eagle Credit Card Trust 2.147% 09-17-2020 910,000 925 0.1%
ECN Capital Corp. 1,095,500 3,308 0.3%
Emerging Markets Communications LLC Term Loan B 1st Lien F/R 06-29-2021 1,461,500 1,898 0.2%
Enbridge Gas Distribution Inc. 2.50% 08-05-2026 Callable 2026 1,800,000 1,763 0.2%
Enbridge Gas Distribution Inc. 3.15% 08-22-2024 Callable 2024 180,000 189 0.0%
Enbridge Inc. 4.00% Cum. Red. Pfd. Series B 20,288 323 0.0%
Enbridge Pipelines Inc. 3.45% 09-29-2025 Callable 2025 1,710,000 1,780 0.2%
Equitable Bank 1.52% 05-01-2021 2,205,967 2,196 0.2%
Fairfax Financial Holdings Ltd. 7.75% 07-15-2037 6,130,000 8,977 0.8%
Fairfax Financial Holdings Ltd. 8.30% 04-15-2026 27,500,000 42,943 3.8%
Fairfax Financial Holdings Ltd. Sub. voting 13,995 8,933 0.8%
Floor & Decor Outlets of America Inc. Term Loan 1st Lien F/R 09-29-2023 270,000 363 0.0%
Fortified Trust 1.67% 07-23-2021 1,110,000 1,100 0.1%
FortisAlberta Inc. 3.30% 09-30-2024 Callable 590,000 622 0.1%
FR Dixie Acquisition Corp. Term Loan B 1st Lien F/R 01-23-2021 878,646 534 0.0%
Frontier Communications Corp. 11.00% 09-15-2025 Callable 2025 380,000 512 0.0%
Frontier Communications Corp. 6.875% 01-15-2025 Callable 2024 670,000 732 0.1%
Futures Contracts 172 0.0%
G-III Apparel Group Ltd. Term Loan B 1st Lien F/R 10-05-2022 360,000 479 0.0%
Garda World Security Corp. Term Loan B 1st Lien F/R 11-01-2020 2,279,600 2,183 0.2%
Gateway Casinos & Entertainment Ltd. 8.50% 11-26-2020 Callable 2016 144A 1,240,000 1,169 0.1%
Gaz Metro Inc. 1.52% 05-25-2020 410,000 409 0.0%
GFL Environmental Inc. 9.875% 02-01-2021 Callable 2018 144A 440,000 642 0.1%
Gibson Energy Inc. 7.00% 07-15-2020 Callable 2016 520,000 540 0.0%
Glacier Credit Card Trust 2.237% 09-20-2020 1,260,000 1,279 0.1%
Goldcorp Inc. 191,100 3,388 0.3%
Government of Bermuda 4.854% 02-06-2024 3,540,000 4,997 0.4%
Government of Canada 1.25% 12-01-2047 Real Return 8,800,000 11,625 1.0%
Government of Portugal 5.125% 10-15-2024 2,660,000 3,456 0.3%
Granite Real Estate Investment Trust 384,227 16,764 1.5%
Great Canadian Gaming Corp. 6.625% 07-25-2022 Callable 2017 144A 620,000 652 0.1%
GST AutoLeather Inc. Term Loan B 1st Lien F/R 06-03-2020 631,321 828 0.1%
H&R Real Estate Investment Trust 2.92% 05-06-2022 820,000 814 0.1%
Hardwoods Acquisition Inc. 7.50% 08-01-2021 Callable 2017 144A 110,000 114 0.0%
HCA Holdings Inc. 73,065 6,953 0.6%
HCN Canadian Holdings-1 LP 3.35% 11-25-2020 860,000 885 0.1%
Heathrow Funding Ltd. 3.25% 05-21-2025 490,000 498 0.0%
Hitachi Ltd. 754,000 5,539 0.5%
Hollis Receivables Term Trust II 1.788% 02-26-2020 1,200,000 1,206 0.1%
HSBC Holdings PLC 3.20% 12-05-2023 1,310,000 1,309 0.1%
Hydro One Inc. 3.72% 11-18-2047 470,000 470 0.0%
Hydro One Inc. 3.91% 02-23-2046 Callable 2045 930,000 958 0.1%
Hydro One Inc. 4.59% 10-09-2043 Callable 2043 820,000 937 0.1%
Inception Merger Sub Inc. (Rackspace Hosting Inc.) Term Loan B 1st Lien F/R 10-26-2023 180,000 244 0.0%
Inception Merger Sub Inc. 8.63% 11-15-2024 Callable 2019 144A 1,050,000 1,412 0.1%
Industrial Alliance Insurance and Financial Services Inc. 74,800 4,260 0.4%
Industrial Alliance Insurance and Financial Services Inc. 2.80% 05-16-2024 Callable 2019 2,020,000 2,031 0.2%
Industrial Alliance Insurance and Financial Services Inc. F/R 02-23-2027 Callable 2022 450,000 445 0.0%
Integro Ltd. United States Term Loan B1 1st Lien F/R 11-02-2022 1,032,496 1,394 0.1%
Intelsat Jackson Holdings SA 7.25% 04-01-2019 Callable 230,000 243 0.0%
Intelsat Jackson Holdings SA Term Loan B2 1st Lien F/R 06-30-2019 280,000 363 0.0%
Intelsat Luxembourg SA 7.75% 06-01-2021 100,000 47 0.0%
Inter Pipeline Ltd. 2.608% 09-13-2023 Callable Series MTN 1,350,000 1,336 0.1%
Inter Pipeline Ltd. 3.173% 03-24-2025 Callable 2024 Series MTN 700,000 703 0.1%
International Business Machines Corp. 32,459 7,068 0.6%
International Finance Corp. 3.625% 05-20-2020 1,490,000 1,444 0.1%
iQor US Inc. Term Loan B 1st Lien F/R 02-20-2021 1,887,822 2,395 0.2%
JPMorgan Chase & Co. 3.19% 03-05-2021 1,370,000 1,427 0.1%
Kindred Healthcare Inc. 8.00% 01-15-2020 Callable 330,000 427 0.0%
Kinross Gold Corp. 526,600 2,338 0.2%
Laurentian Bank of Canada 2.75% 04-22-2021 Series DPNT 970,000 982 0.1%
LG FinanceCo Corp. 5.875% 11-01-2024 Callable 2019 144A 461,000 618 0.1%
Linamar Corp. 92,300 4,776 0.4%
Lions Gate Entertainment Corp. Bridge Loan 03-27-2017 Funded 530,000 0.0%
Lions Gate Entertainment Corp. Bridge Loan 06-27-2017 Unfunded 2,550,000 0.0%
Lions Gate Entertainment Corp. Term Loan B 1st Lien F/R 10-12-2023 330,000 443 0.0%
Loblaw Companies Ltd. 100,600 7,021 0.6%
Lower Mattagami Energy LP 2.31% 10-21-2026 150,000 144 0.0%
Lower Mattagami Energy LP 3.416% 06-20-2024 660,000 703 0.1%
Mackenzie Global Tactical Bond Fund Series R 599,856 5,936 0.5%
Mackenzie Unconstrained Fixed Income Fund Series R 404,511 4,075 0.4%
Magna International Inc. 136,100 7,388 0.7%
Manulife Bank of Canada 1.915% 09-01-2021 1,020,000 1,011 0.1%
Mattamy Group Corp. 6.50% 11-15-2020 Callable 144A 200,000 267 0.0%
MCAP Commercial LP 3.955% 03-11-2019 1,060,000 1,052 0.1%
McKesson Corp. 37,169 7,175 0.6%
Merrill Lynch 1.30% 08-01-2021 2,113,880 2,090 0.2%
Merrill Lynch 1.37% 11-01-2021 2,150,000 2,125 0.2%
Metropolitan Life Global Funding I 3.107% 04-16-2021 390,000 404 0.0%
Mexican Bonos 5.00% 12-11-2019 71,900,000 4,485 0.4%
Molson Coors International LP 2.84% 07-15-2023 Callable 2023 860,000 855 0.1%
MPLX LP 4.5% 07-15-2023 250,000 337 0.0%
National Bank of Canada 2.105% 03-18-2022 2,910,000 2,922 0.3%
Nexstar Broadcasting Group Inc. Bridge Loan 01-27-2017 2,110,000 0.0%
Nissan Canada Financial Services Inc. 1.584% 10-07-2019 230,000 229 0.0%
North Battleford Power LP 4.958% 12-31-2032 948,259 1,055 0.1%
Novartis AG Reg. 57,880 5,348 0.5%
Novitex Acquisition LLC Term Loan 1st Lien F/R 07-01-2020 1,461,100 1,870 0.2%
Numericable-SFR 6.00% 05-15-2022 Callable 2017 144A 470,000 638 0.1%
Numericable-SFR SA 7.375% 05-01-2026 Callable 2021 144A 210,000 281 0.0%
NWH Escrow Corp. 7.50% 08-01-2021 Callable 2017 144A 750,000 788 0.1%
Nykredit Realkredit A/S 1.00% 01-01-2021 20,010,000 3,957 0.3%
Odebrecht Finance Ltd. 5.25% 06-27-2029 2,080,000 1,525 0.1%
Omega Healthcare Investors Inc. 4.50% 01-15-2025 Callable 2024 540,000 712 0.1%
Omers Realty Corp. 1.823% 05-09-2022 Callable (8) 580,000 572 0.1%
OMERS Realty Corp. 2.858% 02-23-2024 Callable 2024 1,220,000 1,253 0.1%
Oracle Corp. 127,160 6,860 0.6%
Parkland Fuel Corp. 5.50% 05-28-2021 Callable 2017 180,000 186 0.0%
Parkland Fuel Corp. 6.00% 11-21-2022 Callable 2017 480,000 499 0.0%
Pembina Pipeline Corp. 3.71% 08-11-2026 Callable 2026 820,000 827 0.1%
Pembina Pipeline Corp. 4.24% 06-15-2027 Callable 2027 2,880,000 2,992 0.3%
Polycom Inc. Term Loan 1st Lien F/R 09-27-2023 300,000 395 0.0%
POSCO 36,969 10,548 0.9%
Potash Corp. of Saskatchewan Inc. 491,600 12,044 1.1%
Precision Drilling Corp. 4,347,778 30,956 2.7%
Province of Alberta 3.30% 12-01-2046 4,950,000 4,997 0.4%
Province of British Columbia 2.80% 06-18-2048 6,480,000 6,178 0.5%
Province of Manitoba 2.85% 09-05-2046 2,260,000 2,070 0.2%
Province of Ontario 2.40% 06-02-2026 2,270,000 2,269 0.2%
Province of Ontario 2.80% 06-02-2048 2,970,000 2,790 0.2%
Province of Ontario 2.90% 12-02-2046 18,270,000 17,465 1.5%
Province of Quebec 2.50% 09-01-2026 8,930,000 8,986 0.8%
Province of Quebec 3.50% 12-01-2045 6,840,000 7,279 0.6%
Province of Quebec 3.50% 12-01-2048 9,080,000 9,757 0.9%
PSP Capital Inc. 2.09% 11-22-2023 Series 9 400,000 399 0.0%
QCP SNF West 8.125% 11-01-2023 Callable 2019 144A 700,000 937 0.1%
Quebecor Media Inc. 6.625% 01-15-2023 144A 50,000 53 0.0%
Reliance LP 3.813% 09-15-2020 890,000 895 0.1%
Reliance LP 5.187% 03-15-2019 570,000 596 0.1%
Rogers Communications Inc. 5.34% 03-22-2021 Callable 2,950,000 3,337 0.3%
Rowan Companies Inc. 443,566 10,610 0.9%
Royal Bank of Canada 1.583% 09-13-2021 1,300,000 1,281 0.1%
Royal Bank of Canada 1.65% 07-15-2021 570,000 564 0.0%
Royal Bank of Canada 2.48% 06-04-2025 Callable 2020 130,000 129 0.0%
Royal Bank of Canada 3.31% 01-20-2026 3,060,000 3,110 0.3%
Sage Automotive Holdings Inc. Term Loan 1st Lien F/R 10-27-2022 420,000 561 0.0%
Samsung Electronics Co. Ltd. 4,451 8,777 0.8%
Sanofi 58,923 6,368 0.6%
Saputo Inc. 2.83% 11-21-2023 Callable 2023 380,000 382 0.0%
Sea to Sky Highway Investment LP 2.629% 08-31-2030 Series A 1,092,778 1,064 0.1%
Seahawk Holding Cayman Ltd. Term Loan 1st Lien F/R 09-27-2022 270,000 363 0.0%
Select Medical Corp. 6.375% 06-01-2021 Callable 2016 30,000 39 0.0%
ShawCor Ltd. 281,438 9,296 0.8%
Spy Hill Power LP 4.14% 03-31-2036 832,134 863 0.1%
Sun Life Financial Inc. F/R 02-19-2026 Callable 2021 1,580,000 1,620 0.1%
Sun Life Financial Inc. F/R 09-19-2028 Callable 2023 1,030,000 1,037 0.1%
Sun Life Financial Inc. F/R 09-25-2025 Callable 2020 2,250,000 2,268 0.2%
Sybil Software LLC Term Loan 1st lien Term B F/R 08-03-2022 330,000 447 0.0%
Sydney Airport Finance Co. Pty. Ltd. 3.625% 04-28-2026 Callable 2026 144A 1,250,000 1,649 0.1%
Teck Resources Ltd. Class B 1,117,286 37,999 3.4%
Tembec Industries Inc. 9.00% 12-15-2019 Callable 2016 144A 1,170,000 1,361 0.1%
Tenaris SA ADR 261,909 11,324 1.0%
Tenet Healthcare Corp. 6.75% 06-15-2023 390,000 449 0.0%
The Bank of Nova Scotia 1.90% 12-02-2021 Series DPNT 1,730,000 1,726 0.2%
The Bank of Nova Scotia 2.13% 06-15-2020 880,000 895 0.1%
The Goldman Sachs Group Inc. 24,780 7,294 0.6%
The Goldman Sachs Group Inc. 3.55% 02-12-2021 3,110,000 3,266 0.3%
The International Bank for Reconstruction and Development 3.50% 01-22-2021 4,610,000 4,443 0.4%
The Manufacturers Life Insurance Co. 2.389% 01-05-2026 Callable 2021 1,230,000 1,230 0.1%
The Men's Wearhouse Inc. 7.00% 07-01-2022 Callable 2017 120,000 146 0.0%
The Toronto-Dominion Bank 1.909% 07-18-2023 Series DPNT 2,530,000 2,480 0.2%
The Toronto-Dominion Bank 2.982% 09-30-2025 Callable 2020 1,990,000 2,005 0.2%
The Toronto-Dominion Bank 4.859% 03-04-2031 Callable 2026 MTN 840,000 923 0.1%
The Weir Group PLC 297,552 9,004 0.8%
TMX Group Ltd. 4.461% 10-03-2023 Callable 2023 1,010,000 1,110 0.1%
Torstar Corp. Class B non-voting 3,735,700 6,276 0.6%
Toys R Us Property Co. I LLC Term Loan B F/R 08-21-2019 531,618 684 0.1%
TransAlta Corp. 5.00% 11-25-2020 1,120,000 1,141 0.1%
TransCanada Corp. 4.00% Pfd. Series 7 6,586 119 0.0%
TransCanada Corp. 4.25% First Pfd. Cum. Red. Series 9 5,455 101 0.0%
TransCanada Corp. Pfd. Series 15 99,922 2,489 0.2%
Trillium Windpower LP 5.803% 02-15-2033 894,115 1,020 0.1%
Twenty-First Century Fox Inc. 168,256 6,349 0.6%
Uber Technologies Inc. Term Loan B 1st Lien F/R 07-07-2023 620,000 837 0.1%
Union Gas Ltd. 2.81% 06-01-2026 Callable 1,300,000 1,308 0.1%
Union Gas Ltd. 3.19% 09-17-2025 Callable 1,310,000 1,365 0.1%
Union Pacific Corp. 54,777 7,451 0.7%
United States Treasury Inflation Indexed Bond 1.02% 02-15-2046 2,860,000 4,008 0.4%
US LBM Holdings LLC Term Loan 1st Lien F/R 08-20-2022 889,653 1,190 0.1%
Valeant Pharmaceuticals International Inc. 187,251 3,969 0.3%
Valeant Pharmaceuticals International Inc. 5.625% 12-01-2021 Callable 2016 144A 190,000 197 0.0%
Vancouver Airport Authority 3.857% 11-10-2045 Callable 230,000 242 0.0%
Verizon Communications Inc. 2.625% 08-15-2026 Callable 2026 1,660,000 2,058 0.2%
Videotron Ltee 5.75% 01-15-2026 Callable 2020 130,000 134 0.0%
VRX Escrow Corp. 5.875% 05-15-2023 Callable 2018 144A 310,000 311 0.0%
Wajax Corp. 6.125% 10-23-2020 Callable 2017 630,000 637 0.1%
Wal-Mart Stores Inc. 69,643 6,584 0.6%
WellDyneDx Inc. Term Loan 1st Lien F/R 10-12-2023 360,000 469 0.0%
Wells Fargo & Co. 110,701 7,864 0.7%
Wells Fargo & Co. 2.51% 10-27-2023 880,000 870 0.1%
Wells Fargo & Co. 2.975% 05-19-2026 Series MPLE 923,000 906 0.1%
Wells Fargo & Co. 3.874% 05-21-2025 Series MTN 1,130,000 1,169 0.1%
West Fraser Timber Co. Ltd. 821,547 39,344 3.5%
Western Refining Inc. Term Loan B2 1st Lien F/R 05-27-2023 558,600 753 0.1%
Winnebago Industries Inc. Term Loan B 1st Lien F/R 11-02-2023 610,000 819 0.1%
WTH Car Rental ULC 1.912% 07-20-2020 460,000 453 0.0%
Total Investments -- 1,123,802 99.1%
Cash & Equivalents -- 14,925 1.3%
Currency Hedge Contracts -- -1,209 -0.1%
Other Assets (Liabilities) -- -3,391 -0.3%
Total Net Assets -- 1,134,127 100.0%

Asset Allocation (%) Help Holdings by region and sector

As of January 31, 2017
  • Regional Allocation
      Canada
    EQ : 34.0% | FI : 23.8%
    57.8%
      United States
    EQ : 26.6% | FI : 4.7%
    31.3%
      Other
    EQ : 2.7% | FI : 2.6%
    5.3%
      South Korea
    EQ : 1.9%
    1.9%
      Luxembourg
    EQ : 1.1%
    1.1%
      Denmark
    FI : 0.5%
    0.5%
      Australia
    FI : 0.5%
    0.5%
      Cash & Equivalents 1.6%
  • Sector Allocation
      Fixed Income 31.2%
      Financials 16.9%
      Energy 13.7%
      Materials 13.2%
      Industrials 5.3%
      Information Technology 5.1%
      Consumer Staples 3.7%
      Health Care 3.4%
      Real Estate 2.6%
      Consumer Discretionary 2.4%
      Cash & Equivalents 1.6%
      Other 0.9%
Credit Allocation (%)
AAA 5%
AA 5%
A 7.3%
BBB 9.9%
BB 1.2%
B 2.1%
C 0.1%
NR 1.3%
Cash & Equivalents 1.6%
Equities 66.3%

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

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 65% S&P/TSX Composite Index and 35% 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).