Fund Portfolio – Mackenzie Cundill Canadian Balanced Fund Series PWX MFC6019 MFC6381 | Mackenzie Investments

Mackenzie Cundill Canadian Balanced Fund Series PWX

Asset Class: Canadian Balanced

Major Holdings (%) Help Top holdings by percentage

As of February 28, 2019
Major holdings represent 25.2% of the fund.
View all holdings
Total # of
Equity Holdings
70
Total # of
Fixed Income Holdings
490
Holding name, country and sector Percentage of holding in fund
Bank of America Corp
United States | Diversified Banks
3.7%
Citigroup Inc
United States | Diversified Banks
3.7%
Alimentation Couche-Tard Inc
Canada | Food Retail
3.5%
Province of Ontario 2.90% 06-02-2049
Canada | Provincial Governments
3.2%
Chesapeake Energy Corp
United States | Oil & Gas Exploration & Prod.
3.0%
Nutrien Ltd
Canada | Fertilizers/Agricult. Chem.
2.6%
Government of Canada 2.75% 12-01-2048
Canada | Federal Government
1.9%
Government of Canada 1.25% 12-01-2047 Real Return
Canada | Federal Government
1.3%
Fairfax Financial Holdings Ltd. 7.75% 07-15-2037
Canada | Corporate - Non Convertible
1.2%
Province of Quebec 3.50% 12-01-2048
Canada | Provincial Governments
1.1%

Complete Fund Holdings Help Full holdings list

As of December 31, 2018
Holding Name No. of Shares/Units Market Value CAD (000s) % of NAV
407 International Inc. 3.43% 06-01-2033 MTN 1,140,000 1,136 0.2%
407 International Inc. 3.60% 05-21-2047 Callable 800,000 775 0.1%
407 International Inc. 3.72% 05-11-2048 Callable 2047 840,000 831 0.1%
AAC holdings Inc. Term Loan 1st Lien F/R 06-30-2023 24,282 33 0.0%
Adtalem Global Education Inc. Term Loan B 1st Lien F/R 04-09-2025 11,513 15 0.0%
Advanced Micro Devices Inc. 7.50% 08-15-2022 38,649 57 0.0%
Advisor Group Inc. Term Loan 1st Lien F/R 08-09-2025 12,117 16 0.0%
Aegis Toxicology Sciences Corp. Term Loan B 1st Lien F/R 05-09-2025 69,825 91 0.0%
AerCap Ireland Capital Designated Activity Co. 3.30% 01-23-2023 Callable 2022 370,000 480 0.1%
AerCap Ireland Capital Designated Activity Co. 4.45% 10-01-2025 Callable 2025 240,000 312 0.0%
AI Ladder Luxembourg Term Loan B 1st Lien F/R 05-04-2025 153,997 208 0.0%
AIMCo Realty Investors LP 2.27% 06-26-2024 Callable 2024 660,000 636 0.1%
AIMCo Realty Investors LP 3.04% 06-01-2028 Callable 2028 375,521 369 0.0%
AL Midcoast Holdings LLC B Term Loan 1st Lien F/R 06-28-2025 177,286 235 0.0%
Alcami Carolinas Corp. Term Loan 1st Lien F/R 07-06-2025 165,460 225 0.0%
Alchemy US Holdco LLC Term Loan B 1st Lien F/R 10-01-2025 144,355 196 0.0%
Alcoa Nederland Holding BV 6.13% 05-15-2028 Callable 2023 144A 40,858 53 0.0%
Algonquin Power & Utilities Corp. 4.09% 02-17-2027 Callable 1,010,000 1,010 0.1%
Alimentation Couche-Tard Inc. Class B Sub. voting 362,000 24,582 3.4%
Allergan PLC 12,391 2,259 0.3%
Allied Properties Real Estate Investment Trust 3.93% 11-14-2022 483,000 488 0.1%
AltaGas Ltd. Pfd. Series K 13,254 249 0.0%
AltaLink LP 3.72% 12-03-2046 Callable MTN 415,000 411 0.1%
Altice France SA Term Loan B13 1st Lien F/R 01-31-2026 380,118 491 0.1%
Altice SA 7.75% 05-15-2022 Callable 144A 49,692 62 0.0%
AMC Entertainment Holdings Inc. 5.88% 11-15-2026 Callable 39,753 47 0.0%
Amneal Pharmaceuticals LLC Term loan B 1st Lien F/R 03-23-2025 106,935 139 0.0%
Antero Resources Corp. 5.00% 03-01-2025 16,012 20 0.0%
ArcelorMittal SA 5.13% 06-01-2020 44,170 61 0.0%
Arch Merger Sub Inc. 8.50% 09-15-2025 Callable 2020 144A 237,199 292 0.0%
Arcos Dorados Holdings Inc. 5.88% 04-04-2027 Callable 2022 104,905 136 0.0%
Arcos Dorados Holdings Inc. 6.63% 09-27-2023 44,170 63 0.0%
Ardonagh Midco 3 PLC 8.63% 07-15-2023 [144A] Callable 2020 40,858 49 0.0%
Aristocrat International Pty Ltd. Term Loan B 1st Lien F/R 10-19-2024 75,107 99 0.0%
Aroundtown SA 4.63% 09-18-2025 Callable 2025 484,417 482 0.1%
Ashtead Capital Inc. 4.13% 08-15-2025 Callable 2020 144A 102,696 129 0.0%
Asian Development Bank 5.90% 12-20-2022 2,432,688 46 0.0%
Asian Development Bank 6.00% 02-24-2021 3,787,617 73 0.0%
Asian Development Bank 6.45% 08-08-2021 1,822,032 35 0.0%
ASP MSG Acquisition Co. Inc. Term Loan 1st Lien F/R 08-16-2023 1,097,021 1,452 0.2%
AT&T Inc. 4.00% 11-25-2025 Callable 2025 2,209 2 0.0%
Aviva PLC 4.50% 05-10-2021 760,000 780 0.1%
Avolon Holdings Funding Ltd. 5.13% 10-01-2023 Callable 2023 144A 110,858 146 0.0%
Avolon Holdings Funding Ltd. 5.50% 01-15-2023 144A Callable 2022 12,147 16 0.0%
Baidu Inc. ADR 16,781 3,631 0.5%
Ball Metalpack Finco LLC Term Loan B 1st Lien F/R 07-26-2025 121,536 162 0.0%
Bank of America Corp. 824,257 27,705 3.8%
Bank of America Corp. 3.30% 04-24-2024 Callable 2023 8,834 9 0.0%
Bank of America Corp. 3.95% 04-21-2025 270,000 358 0.0%
Bank of America Corp. F/R 09-20-2025 Callable 2024 69,568 69 0.0%
Bank of Montreal 2.70% 09-11-2024 DPNT 150,000 148 0.0%
Bank of Montreal 2.89% 06-20-2023 740,000 740 0.1%
Bank of Montreal 3.19% 03-01-2028 645,521 646 0.1%
Bank of Montreal 3.32% 06-01-2026 26,502 27 0.0%
Bank of Montreal F/R 12-15-2032 Callable 2027 568,834 725 0.1%
Barclays PLC 1,154,824 3,024 0.4%
Baytex Energy Corp. 5.625% 06-01-2024 Callable 2019 144A 68,464 81 0.0%
bcIMC Realty Corp. 3.00% 03-31-2027 Callable 2026 980,000 969 0.1%
Beacon Escrow Corp. 4.88% 11-01-2025 Callable 2020 144A 112,545 136 0.0%
Bell Canada 2.70% 02-27-2024 Callable 9,938 10 0.0%
Bell Canada 3.60% 09-29-2027 Callable MTN 640,000 630 0.1%
Bell Canada 3.80% 08-21-2028 Callable 2028 1,174,417 1,163 0.2%
Bell Canada 4.45% 02-27-2047 Callable 1,130,000 1,077 0.1%
Boardriders Inc. Term Loan B 1st Lien F/R 03-21-2024 435,040 592 0.1%
Boardwalk Real Estate Investment Trust 207,240 7,836 1.2%
BorgWarner Inc. 88,368 4,188 0.6%
BP Capital Markets PLC 3.47% 05-15-2025 689,938 691 0.1%
Bright Bidco BV Term Loan B 1st Lien F/R 06-30-2024 71,417 83 0.0%
Bristow Group Inc. 470,000 1,558 0.2%
Brookfield Asset Management Inc. Class A limited voting 198,870 10,405 1.5%
Brookfield Asset Management Inc. Pfd. Series 46 17,066 435 0.1%
Brookfield Asset Management Inc. Pfd. Series 48 9,710 237 0.0%
Brookfield Infrastructure Finance ULC 4.20% 09-11-2028 Callable 2018 685,521 679 0.1%
Brookfield Property Partners LP 135,200 2,977 0.4%
Brookfield Renewable Energy Partners ULC 3.63% 01-15-2027 Callable 2026 310,000 297 0.0%
Brookfield Renewable Energy Partners ULC 3.752% 06-02-2025 Callable 2025 800,000 792 0.1%
Brookfield Renewable Partners LP Pfd. Series 11 25,259 547 0.1%
Brookfield Renewable Partners ULC 4.25% 01-15-2029 Callable 2028 555,521 545 0.1%
Bruce Power LP 3.00% 06-21-2024 Callable 2024 660,000 646 0.1%
Bulldog Purchaser Inc. Delayed Draw Term Loan 1st Lien F/R 08-31-2025 54,781 74 0.0%
Bulldog Purchaser Inc. Term Loan B 1st Lien F/R 08-31-2025 100,679 135 0.0%
Burger King France SAS 6.00% 05-01-2024 Callable 2020 50,796 83 0.0%
BWAY Holding Co. 7.25% 04-15-2025 144A 24,294 30 0.0%
C&W Senior Financing Designated Activity Co. 7.50% 10-15-2026 Callable 2021 144A 165,639 219 0.0%
Calfrac Holdings LP 8.50% 06-15-2026 Callable 2021 144A 5,521 6 0.0%
California Resources Corp. 8.00% 12-15-2022 Callable 2018 144A 86,132 80 0.0%
Calpine Corp. 5.25% 06-01-2026 Callable 2021 144A 83,924 105 0.0%
Camelot Finance LP Term Loan 1st Lien F/R 10-03-2023 391,087 511 0.1%
Camelot Finance SA 7.88% 10-15-2024 Callable 2019 144A 55,765 74 0.0%
Can Am Construction Inc./Canada Term Loan B 1st Lien F/R 07-01-2024 656,059 877 0.1%
Canada Goose Inc. Term Loan 1st Lien F/R 12-22-2021 418,711 568 0.1%
Canadian Imperial Bank of Commerce 2.47% 12-05-2022 5,521 5 0.0%
Canadian Imperial Bank of Commerce 2.97% 07-11-2023 396,626 397 0.1%
Canadian Imperial Bank of Commerce F/R 04-04-2028 Callable 2023 599,938 593 0.1%
Canadian National Railway Co. 183,100 18,513 2.6%
Canadian National Railway Co. 3.60% 07-31-2048 Callable 2048 574,417 559 0.1%
Canadian Pacific Railway Ltd. 70,500 17,078 2.4%
Canadian Western Bank 2.74% 06-16-2022 DPNT 360,000 354 0.0%
Canadian Western Bank 2.88% 03-01-2021 3,313 3 0.0%
Canadian Western Bank 2.92% 12-15-2022 609,938 600 0.1%
Canfor Corp. 125,145 2,069 0.3%
Capital Power Corp. 4.28% 09-18-2024 Callable 2024 1,200,000 1,189 0.2%
CareCentrix Inc. Term Loan 1st Lien F/R 03-22-2025 20,560 28 0.0%
Carrizo Oil & Gas Inc. 6.25% 04-15-2023 Callable 2018 17,668 22 0.0%
Casablanca US Holdings Inc. Term Loan 1st Lien F/R 03-31-2024 361,534 469 0.1%
CCL Industries Inc. 3.86% 04-13-2028 Callable 2028 426,626 428 0.1%
CCO Holdings LLC 4.00% 03-01-2023 Callable 2019 144A 12,147 16 0.0%
CCO Holdings LLC 5.13% 05-01-2027 Callable 2022 144A 7,730 10 0.0%
CCO Holdings LLC 5.875% 04-01-2024 Callable 2019 144A 16,564 23 0.0%
CCS-CMGC Holdings Inc. Term Loan 1st Lien F/R 09-25-2025 101,043 134 0.0%
CDK Global Inc. 5.88% 06-15-2026 Callable 2021 36,441 50 0.0%
Celestica Inc. Sub. voting 1,060,133 12,679 1.8%
Celestica Inc. Term Loan B 1st Lien F/R 06-27-2025 111,043 150 0.0%
Cemex Finance LLC 6.00% 04-01-2024 Callable 2019 144A 43,066 59 0.0%
Cenovus Energy Inc. 1,210,489 11,621 1.7%
Centennial Resource Production LLC 5.38% 01-15-2026 Callable 2021 144A 26,502 34 0.0%
CES Energy Solutions Corp. 962,056 3,030 0.4%
CEVA Logistics Finance BV Term Loan B 1st Lien F/R 07-25-2025 110,765 147 0.0%
Charter Communications Operating LLC 4.50% 02-01-2024 Callable 2024 444,417 606 0.1%
Chartwell Retirement Residences 3.79% 12-11-2023 Callable 2023 890,000 891 0.1%
Chartwell Retirement Residences 4.21% 04-28-2025 Callable 2025 213,313 216 0.0%
Chesapeake Energy Corp. 863,892 2,475 0.3%
Chesapeake Energy Corp. 5.75% Conv. Pfd. 4,041 2,871 0.4%
Chesapeake Energy Corp. 5.75% Conv. Pfd. Series A 26,354 18,942 2.7%
Choice Properties Real Estate Investment Trust 3.56% 09-09-2024 Callable 2024 170,000 167 0.0%
Choice Properties Real Estate Investment Trust 4.18% 03-08-2028 Callable 2027 752,147 745 0.1%
CI Financial Corp. 3.52% 07-20-2023 Callable 2023 3,313 3 0.0%
Citigroup Inc. 386,409 27,442 3.8%
Citigroup Inc. 4.09% 06-09-2025 670,000 670 0.1%
Coca-Cola Femsa SAB de CV 3.88% 11-26-2023 88,341 122 0.0%
Coeur Mining Inc. 5.88% 06-01-2024 Callable 2020 49,692 61 0.0%
Colbun SA 4.50% 07-10-2024 Callable 2024 48,588 65 0.0%
Comber Wind Financial Corp. 5.132% 11-15-2030 1,797,724 1,922 0.3%
Commonwealth of Bahamas 5.75% 01-16-2024 243,511 338 0.0%
Commonwealth of Bahamas 6.00% 11-21-2028 Callable 2028 112,000 155 0.0%
Commonwealth of Bahamas 6.95% 11-20-2029 133,355 195 0.0%
Communications Sales & Leasing Inc. 7.13% 12-15-2024 Callable 2019 144A 36,441 41 0.0%
Communications Sales & Leasing Inc. 8.25% 10-15-2023 Callable 2019 29,815 35 0.0%
Communications Sales & Leasing Inc. Term Loan B 1st Lien F/R 10-24-2022 634,988 787 0.1%
Concrete Pumping Merger Sub Inc. Term Loan 1st Lien F/R 11-14-2025 155,460 205 0.0%
Conn's Inc. 7.25% 07-15-2022 Callable 2,761 4 0.0%
Constellium NV 4.25% 02-15-2026 Callable 2020 19,877 28 0.0%
Constellium NV 5.88% 02-15-2026 Callable 2020 144A 100,488 123 0.0%
Cordelio Amalco GP I 4.09% 06-30-2034 323,313 330 0.0%
Cordelio Amalco GP I 4.09% 09-30-2034 333,313 341 0.0%
Corel Corp. Term Loan 1st Lien F/R 05-11-2024 147,188 199 0.0%
Corus Entertainment Inc. Class B non-voting 941,844 4,483 0.6%
Crombie Real Estate Investment Trust 4.80% 01-31-2025 Callable 2024 202,209 205 0.0%
Crosslinx Transit Solutions General Partnership 4.651% 09-30-2046 1,500,000 1,538 0.2%
Crown Subsea Communications Holing Inc. Term Loan 1st Lien F/R 11-02-2025 212,085 280 0.0%
CSC Holdings LLC 10.125% 01-15-2023 Callable 2019 144A 16,564 24 0.0%
CU Inc. 3.76% 11-19-2046 Callable 2046 550,000 544 0.1%
CU Inc. 3.95% 11-23-2048 Callable 2048 484,417 494 0.1%
CU Inc. 3.964% 07-27-2045 Callable 250,000 256 0.0%
CVR Partners LP 9.25% 06-15-2023 Callable 2019 144A 18,772 27 0.0%
CVS Health Corp. 43,684 3,905 0.5%
Danske Bank AS 2.80% 03-10-2021 144A 840,000 1,116 0.2%
Daseke Inc. Term Loan 1st Lien F/R 02-27-2024 749,354 1,001 0.1%
DaVita Healthcare Partners Inc. 5.00% 05-01-2025 Callable 2020 68,464 85 0.0%
DAVITA Inc. 77,363 5,431 0.7%
Dawn Acquisition LLC Term Loan 1st Lien F/R 10-25-2025 179,877 232 0.0%
DHX Media Ltd. 5.88% 09-30-2024 Conv. 63,385 51 0.0%
Diamond 1 Finance Corp. 4.42% 06-15-2021 Callable 2021 144A 110,000 150 0.0%
Diamond 1 Finance Corp. 5.45% 06-15-2023 Callable 2023 144A 220,000 306 0.0%
Diamond 1 Finance Corp. 6.02% 06-15-2026 Callable 2026 144A 220,000 302 0.0%
Discovery Communications Inc. Class C 137,179 4,319 0.6%
DISH DBS Corp. 5.875% 11-15-2024 56,317 62 0.0%
DMT Solutions Global Corp. Term Loan 1st Lien F/R 06-25-2024 5,452 7 0.0%
Drax Group PLC 6.63% 11-01-2025 Callable 2021 144A 55,213 75 0.0%
E-L Financial Corp. Ltd. 16,364 12,238 1.8%
Eagle Credit Card Trust 2.63% 10-17-2022 260,000 257 0.0%
EagleTree-Carbide Acquisition Corp. Term Loan 1st Lien F/R 08-28-2024 772,307 1,025 0.1%
Eastern Power LLC Term Loan B 1st Lien F/R 10-02-2023 88,047 118 0.0%
ECN Capital Corp. 1,837,700 6,340 1.0%
Electrical Components International Inc. Term Loan 1st Lien F/R 06-22-2025 197,779 264 0.0%
Electrical Components International Inc. Term Loan 2nd Lien F/R 06-22-2026 3,313 4 0.0%
Emera Inc. 2.90% 06-16-2023 575,521 565 0.1%
Empire Co. Ltd. Class A non-voting 364,613 10,512 1.5%
EmployBridge LLC Term Loan B 1st Lien F/R 04-18-2025 266,625 358 0.0%
Enbridge Gas Distribution Inc. 3.51% 11-29-2047 Callable 2047 690,000 647 0.1%
Enbridge Inc. 311,300 13,202 1.9%
Enbridge Inc. 3.20% 06-08-2027 Callable 2027 500,000 476 0.1%
Enbridge Inc. 4.57% 03-11-2044 2,350,000 2,266 0.3%
Enbridge Inc. 5.37% 09-27-2077 Callable 2027 2,994,899 2,767 0.4%
Enbridge Inc. F/R 04-12-2078 Callable 2028 1,124,109 1,130 0.2%
ENC Holding Corp. Delayed Draw Term Loan 1st Lien F/R 05-30-2025 4,000 5 0.0%
ENC Holding Corp. Term Loan 1st Lien F/R 05-30-2025 65,835 88 0.0%
EnerCare Solutions Inc. 3.99% 02-21-2024 Callable 2023 640,000 637 0.1%
Energizer Holdings Inc. Bridge Loan Exp. 05-18-2019 1,810,000 0.0%
Ensono LP Term Loan 1st Lien F/R 04-30-2025 149,250 201 0.0%
Enterprise Merger Sub Inc. Term Loan 1st Lien F/R 09-28-2025 12,147 15 0.0%
EnTrans International LLC Term Loan 1st Lien F/R 10-29-2025 156,564 213 0.0%
EPCOR Utilities Inc. 3.55% 11-27-2047 Callable 2047 527,730 507 0.1%
EPR Properties 4.95% 04-15-2028 Callable 2028 378,834 513 0.1%
Exela Intermediate LLC 10.00% 07-15-2023 Callable 2020 144A 195,668 259 0.0%
Exela Intermediate LLC Term Loan B 1st Lien F/R 07-12-2023 10,446 14 0.0%
FAGE International SA / FAGE USA Dairy Industry Inc. 5.625% 08-15-2026 Callable 2021 144A 173,921 201 0.0%
Fairfax Financial Holdings Ltd. 4.50% 03-22-2023 72,881 75 0.0%
Fairfax Financial Holdings Ltd. 5.84% 10-14-2022 670,000 725 0.1%
Fairfax Financial Holdings Ltd. 7.75% 07-15-2037 6,130,000 9,832 1.4%
Fairfax Financial Holdings Ltd. 8.30% 04-15-2026 1,700,000 2,753 0.4%
Fairfax Financial Holdings Ltd. Sub. voting 9,195 5,526 0.7%
Federation des Caisses Desjardins du Quebec 2.09% 01-17-2022 35,336 35 0.0%
Federation des Caisses Desjardins du Quebec 3.06% 09-11-2023 923,189 928 0.1%
Financial & Risk US Holdings Inc. 8.25% 11-15-2026 Callable 2021 144A 79,938 100 0.0%
Financial & Risk US Holdings Inc. Term Loan B 1st Lien F/R 10-01-2025 71,355 93 0.0%
First Eagle Holdings Inc. Term Loan B 1st Lien F/R 12-01-2024 179,877 242 0.0%
First Quantum Minerals Ltd. 7.25% 04-01-2023 Callable 2019 144A 66,256 80 0.0%
Forming Machining Industries Holdings LLC Term Loan 1st Lien F/R 10-03-2025 69,355 93 0.0%
FortisAlberta Inc. 3.74% 09-18-2048 Callable 2048 100,000 99 0.0%
Fortress Transportation and Infrastructure Investors LLC 6.50% 10-01-2025 Callable 2021 144A 189,568 242 0.0%
Fortress Transportation and Infrastructure Investors LLC 6.75% 03-15-2022 Callable 2020 144A 59,630 82 0.0%
Foundation Building Materials LLC Term Loan B 1st Lien F/R 05-11-2025 90,000 116 0.0%
Fresenius US Finance II Inc. 4.25% 02-01-2021 144A 88,341 121 0.0%
Frontdoor Inc. 6.75% 08-15-2026 Callable 2021 144A 41,962 55 0.0%
Frontera Generation Holdings LLC. Term Loan B 1st Lien F/R 04-25-2025 163,945 216 0.0%
Fusion Connect Inc. Term Loan B 1st Lien F/R 05-03-2023 256,587 334 0.0%
Futures Contracts -1,802 -0.2%
FXI Holdings Inc. 7.88% 11-01-2024 Callable 2020 144A 29,815 35 0.0%
Gateway Casinos & Entertainment Ltd. 8.25% 03-01-2024 Callable 2020 144A 92,758 131 0.0%
General Electric Co. 315,968 3,263 0.4%
Genworth Holdings Inc. Term Loan 1st Lien F/R 02-28-2023 14,248 19 0.0%
George Weston Ltd. 41,674 3,753 0.5%
GFL Environmental Inc. 5.38% 03-01-2023 Callable 2020 144A 91,777 111 0.0%
GFL Environmental Inc. 7.00% 06-01-2026 Callable 2021 144A 87,422 104 0.0%
GFL Environmental Inc. Term Loan B 1st Lien F/R 05-31-2025 301,267 384 0.1%
Gibson Energy Inc. 5.25% 07-15-2021 Conv. Callable 2020 34,232 35 0.0%
Gibson Energy Inc. 5.25% 07-15-2024 Callable 2020 REGS 285,203 278 0.0%
Glacier Credit Card Trust 3.14% 09-20-2023 414,417 416 0.1%
Government of Aruba 6.50% 01-31-2029 93,862 137 0.0%
Government of Bermuda 3.72% 01-25-2027 Callable 2026 2,470,000 3,231 0.4%
Government of Bermuda 4.138% 01-03-2023 430,000 595 0.1%
Government of Bermuda 4.75% 02-15-2029 Callable 2028 280,000 391 0.1%
Government of Bermuda 4.854% 02-06-2024 331,000 472 0.1%
Government of Canada 1.25% 12-01-2047 Real Return 8,020,000 9,829 1.4%
Government of Canada 2.00% 06-01-2028 10,766,626 10,800 1.6%
Government of Canada 2.25% 06-01-2025 7,730 8 0.0%
Government of Canada 2.50% 06-01-2024 3,467,668 3,574 0.5%
Government of Canada 2.75% 12-01-2048 11,140,000 12,527 1.8%
Government of Germany 0.50% 02-15-2028 50,796 73 0.0%
Government of Russia 7.05% 01-19-2028 9,054,946 161 0.0%
Gray Escrow Inc. 7.00% 05-15-2027 [144A] Callable 2022 26,502 35 0.0%
Greenhill & Co. Inc. Term Loan B 1st Lien F/R 10-12-2022 164,493 222 0.0%
Grifols Worldwide Operations USA Inc. Term Loan B 1st Lien F/R 01-31-2025 71,414 94 0.0%
Guala Closures SpA F/R 04-15-2024 Callable 2019 83,924 130 0.0%
H&R Real Estate Investment Trust 2.92% 05-06-2022 480,000 470 0.1%
H&R Real Estate Investment Trust 3.37% 01-30-2024 Callable 2023 1,150,000 1,117 0.2%
H&R Real Estate Investment Trust 3.42% 01-23-2023 Callable 2022 304,417 300 0.0%
Hadrian Merger Sub Inc. 8.50% 05-01-2026 Callable 2021 144A 171,807 213 0.0%
Halo Buyer Inc. Delayed Draw Term Loan 1st Lien F/R 06-28-2025 26,260 35 0.0%
Halo Buyer Inc. Term Loan 1st Lien F/R 06-28-2025 62,357 83 0.0%
Hang Lung Properties Ltd. 990,000 2,573 0.3%
Hardwoods Acquisition Inc. 7.50% 08-01-2021 Callable 144A 44,170 44 0.0%
HCA Holdings Inc. 5.25% 06-15-2026 Callable 2025 39,753 54 0.0%
HCN Canadian Holdings-1 LP 3.35% 11-25-2020 860,000 865 0.1%
Heartland Dental LLC Delay Draw Term Loan 1st Lien F/R 04-17-2025 45,621 60 0.0%
Heartland Dental LLC Term Loan 1st Lien F/R 04/17/2025 498,439 654 0.1%
Heathrow Funding Ltd. 3.25% 05-21-2025 130,303 130 0.0%
Heathrow Funding Ltd. 3.40% 03-08-2028 701,043 684 0.1%
Heathrow Funding Ltd. 3.79% 09-04-2030 Callable 2030 544,417 534 0.1%
Hillman Group Inc. Term Loan B 1st Lien F/R 05-21-2025 99,500 129 0.0%
Hitachi Ltd. 127,700 4,666 0.6%
Horizon Pharma Financing Inc. 6.625% 05-01-2023 Callable 2018 144A 18,772 25 0.0%
Hornblower Sub LLC Term Loan 1st Lien F/R 04-28-2025 14,223 19 0.0%
HSBC Bank Canada 3.25% 09-15-2023 600,000 602 0.1%
HSBC Holdings PLC 3.20% 12-05-2023 1,310,000 1,291 0.2%
Hub International Ltd. Term Loan B 1st Lien F/R 04-25-2025 120,437 156 0.0%
Hudson River Trading LLC Term Loan B 1st Lien F/R 04-03-2025 20,876 28 0.0%
Hudson's Bay Co. 979,830 7,143 1.1%
Husky Energy Inc. 4.45% 12-31-2049 Pfd. Series 1 6,666 90 0.0%
Hydro One Inc. 2.97% 06-26-2025 Callable 2025 252,209 250 0.0%
Hydro One Inc. 3.63% 06-25-2049 Callable 2048 310,000 295 0.0%
Hydro One Inc. 3.72% 11-18-2047 1,950,000 1,891 0.3%
IEA Energy Services LLC Term Loan 1st Lien F/R 11-02-2024 234,294 309 0.0%
Indivior Finance SARL Term Loan B 1st Lien F/R 12-14-2022 8,416 11 0.0%
Industrial Alliance Insurance and Financial Services Inc. 145,700 6,348 1.0%
Ineos US Finance LLC Term Loan B 1st Lien F/R 03-31-2024 79,677 103 0.0%
Integro Ltd. United States Term Loan B1 1st Lien F/R 10-31-2022 426,702 584 0.1%
Intelsat Jackson Holdings SA Term Loan B3 1st Lien F/R 11-27-2023 71,777 95 0.0%
Inter Pipeline Ltd. 2.73% 04-18-2024 Callable 2024 1,060,000 1,010 0.1%
Inter Pipeline Ltd. 3.48% 12-16-2026 Callable 2026 930,000 895 0.1%
Interior Logic Group Holdings IV LLC Term Loan B 1st Lien F/R 05-21-2025 367,912 494 0.1%
Intermedia Holdings Inc. Term Loan B 1st Lien F/R 07-13-2025 156,626 213 0.0%
International Finance Corp. 3.625% 05-20-2020 1,490,000 1,392 0.2%
International Finance Corp. 7.00% 07-20-2027 3,764,427 228 0.0%
International Textile Group Inc. Term Loan 1st Lien F/R 04-19-2024 275,693 370 0.1%
iQor US Inc. Term Loan 2nd Lien F/R 04-01-2022 350,000 353 0.0%
iQor US Inc. Term Loan B 1st Lien F/R 04-01-2021 1,427,292 1,762 0.2%
Iron Mountain Canada Operations ULC 5.38% 09-15-2023 Callable 2019 68,464 69 0.0%
Isagenix International LLC Term Loan 1st Lien F/R 04-26-2025 256,750 341 0.0%
iShares iBoxx $ High Yield Corporate Bond ETF Put Option @ $83.00 Exp. 01-18-2019 257 68 0.0%
iShares iBoxx $ High Yield Corporate Bond ETF Put Option @ $83.00 Exp. 04-18-2019 421 201 0.0%
iShares iBoxx $ High Yield Corporate Bond ETF Put Option @ $84.00 Exp. 01-18-19 355 141 0.0%
iShares iBoxx $ High Yield Corporate Bond ETF Written Put Option @ $79.00 Exp. 04-18-2019 -211 -46 0.0%
Itron Inc. 5.00% 01-15-2026 Callable 2021 144A 18,000 23 0.0%
Ivanhoe Cambridge II Inc. 2.91% 06-27-2023 Callable 2023 302,209 302 0.0%
JBS USA Lux SA Term Loan B 1st Lien F/R 10-30-2022 320,122 421 0.1%
Jefferies Finance LLC 6.88% 04-15-2022 Callable 44,170 59 0.0%
JP Intermediate B LLC Term Loan 1st Lien F/R 10-19-2025 89,938 118 0.0%
Keane Group Holdings LLC Term Loan B 1st Lien F/R 05-18-2025 143,634 181 0.0%
Kestrel Acquisition LLC Term Loan B 1st Lien F/R 05-02-2025 139,263 188 0.0%
Keystone Peer Review Organization Holdings Inc. Term Loan 1st Lien F/R 05-01-2024 43,536 58 0.0%
KeyW Holding Corp/The Term Loan 1st Lien F/R 05-04-2024 130,233 176 0.0%
Kindred Healthcare Inc. Term Loan B 1st Lien F/R 06-21-2025 132,918 170 0.0%
Kronos Acquisition Holdings Inc. 9.00% 08-15-2023 144A 4,417 5 0.0%
Kruger Products LP 6.00% 04-24-2025 Callable 2021 95,213 92 0.0%
L&W Inc. Term Loan 1st Lien F/R 05-17-2025 254,470 339 0.0%
Lamb Weston Holdings Inc. 4.63% 11-01-2024 Callable 2021 144A 46,379 62 0.0%
Lamb Weston Holdings Inc. 4.88% 11-01-2026 Callable 2021 144A 29,815 39 0.0%
Lannett Co. Inc. Term Loan B 1st Lien F/R 11-25-2022 282,667 317 0.0%
Lantheus Medical Imaging Inc. Term Loan B 1st Lien F/R 06-30-2022 390,810 524 0.1%
Laurentian Bank of Canada 3.00% 09-12-2022 1,104 1 0.0%
LBM Borrower LLC Term Loan 1st Lien F/R 08-20-2022 869,233 1,110 0.2%
Lee Enterprises Inc. 9.50% 03-15-2022 Callable 2018 144A 66,256 92 0.0%
Liberty Global PLC Class A 242,236 7,052 1.1%
LifeMiles Ltd. Term Loan B 1st Lien F/R 08-18-2022 265,871 361 0.0%
LifeScan Global Corp. Term Loan 1L F/R 06-19-2024 429,815 556 0.1%
LifeScan Global Corp. Term Loan 2nd Lien F/R 06-19-2025 8,834 11 0.0%
Linamar Corp. 151,911 6,882 1.0%
Livingston International Inc. Term Loan 1st Lien F/R 03-18-2020 765,088 900 0.1%
Livingston International Inc. Term Loan 2nd Lien F/R 04-17-2020 350,000 457 0.1%
Loblaw Companies Ltd. 280,773 17,158 2.4%
MacDonald, Dettwiler & Associates Ltd. Term Loan B 1st Lien F/R 10-04-2024 992,481 1,249 0.2%
Mackenzie Cundill International Fund Series R 1,116,819 9,585 1.4%
Mackenzie Global Tactical Bond Fund Series R 628,676 5,731 0.8%
Mackenzie Unconstrained Fixed Income Fund Series R 419,961 4,085 0.6%
Mackenzie US Investment Grade Corporate Bond Index ETF (CAD-Hedged) 40,051 3,773 0.5%
Manulife Bank of Canada 2.84% 01-12-2023 547,730 543 0.1%
Manulife Financial Corp. F/R 05-09-2028 Callable 2023 324,417 323 0.0%
Manulife Financial Corp. F/R 08-20-2029 Callable 2024 1,070,000 1,044 0.1%
Manulife Financial Corp. Pfd. Series 13 740 14 0.0%
Marriott Ownership Resorts Inc. 6.50% 09-15-2026 Callable 2021 144A 38,649 51 0.0%
Mattamy Group Corp. 6.50% 10-01-2025 Callable 2020 170,530 161 0.0%
Mattamy Group Corp. 6.50% 10-01-2025 Callable 2020 144A 90,000 110 0.0%
Matterhorn Merger Sub LLC 8.50% 06-01-2026 Callable 2021 144A 138,095 151 0.0%
McDermott Technology Americas Inc. Term Loan B 1st Lien F/R 04-05-2025 109,175 139 0.0%
MEG Energy Corp. 7.00% 03-31-2024 Callable 2018 144A 417,237 546 0.1%
Mercer International Inc. 7.38% 01-15-2025 Callable 2021 144A 30,919 42 0.0%
Meredith Corp. 6.88% 02-01-2026 Callable 2021 144A 60,734 82 0.0%
Meredith Corp. Term Loan B 1st Lien F/R 01-31-2025 680,419 904 0.1%
Millar Western Forest Products Ltd. 9.50% 06-20-2023 Callable 2020 32,024 32 0.0%
Morgan Stanley 3.00% 02-07-2024 1,466,194 1,428 0.2%
National Bank of Canada 1.96% 06-30-2022 2,100,000 2,038 0.3%
NAV Canada 3.29% 03-30-2048 Callable 2047 380,000 367 0.0%
Neenah Foundry Co. Term Loan B 1st Lien F/R 12-08-2022 249,947 338 0.0%
New Red Finance Inc. 4.25% 05-15-2024 Callable 2020 144A 27,607 35 0.0%
New Red Finance Inc. 5.00% 10-15-2025 Callable 2020 144A 99,424 124 0.0%
Newell Brands Inc. 4.20% 04-01-2026 Callable 2026 254,417 339 0.0%
Nine Energy Service Inc. 8.75% 11-01-2023 Callable 2020 144A 48,588 63 0.0%
NMN Holdings III Corp. Term Loan 1st Lien F/R 10-26-2025 99,938 133 0.0%
Nokia OYJ 3.38% 06-12-2022 19,877 26 0.0%
Nokia OYJ 5.38% 05-15-2019 53,336 73 0.0%
North Battleford Power LP 4.958% 12-31-2032 887,543 973 0.1%
North West Redwater Partnership 2.80% 06-01-2027 Callable 2027 1,570,000 1,488 0.2%
North West Redwater Partnership 3.65% 06-01-2035 Callable 2034 510,000 489 0.1%
Nouvelle Autoroute 30 Financement Inc. 4.11% 03-31-2042 430,000 438 0.1%
Nufarm Australia Ltd. 5.75% 04-30-2026 Callable 2021 144A 67,360 84 0.0%
Numericable-SFR 7.38% 05-01-2026 Callable 2021 144A 50,796 64 0.0%
Nutrien Ltd. 277,126 17,769 2.5%
NuVista Energy Ltd. 6.50% 03-02-2023 Callable 2020 39,753 38 0.0%
NVA Holdings Inc. 6.88% 04-01-2026 Callable 2021 16,564 20 0.0%
OCI Beaumont LLC Term Loan B 1st Lien F/R 02-16-2025 27,461 37 0.0%
OCI NV 6.63% 04-15-2023 Callable 2020 144A 77,298 104 0.0%
Office Depot Inc. Term Loan B 1st Lien F/R 11-08-2022 237,710 328 0.0%
Olin Corp. 5.00% 02-01-2030 Callable 2024 13,803 17 0.0%
Omega Healthcare Investors Inc. 4.50% 01-15-2025 Callable 2024 540,000 727 0.1%
OMERS Realty Corp. 3.24% 10-04-2027 Callable 2027 1,250,000 1,256 0.2%
OMERS Realty Corp. 3.63% 06-05-2030 Callabe 2030 750,000 768 0.1%
Ontario Power Generation Inc. 3.32% 10-04-2027 Callable 2027 630,000 627 0.1%
Ontario Power Generation Inc. 3.84% 06-22-2048 Callable 2047 400,000 380 0.1%
Oracle Corp. 70,632 4,350 0.6%
Ortho-Clinical Diagnostics Inc.Term Loan B 1st Lien F/R 06-01-2025 70,700 90 0.0%
Osteon Merger Sub Inc. Term Loan B 1st Lien F/R 02-06-2025 109,175 146 0.0%
Owens & Minor Inc. Term Loan B 1st Lien F/R 05-01-2025 458,850 487 0.1%
Parkland Fuel Corp. 6.00% 04-01-2026 Callable 2021 144A 163,052 209 0.0%
Parkland Fuel Corp. 6.00% 11-21-2022 Callable 130,303 132 0.0%
Parsely Energy Inc. Class A 60,922 1,328 0.2%
Pembina Pipeline Corp. 3.54% 02-03-2025 Callable 150,000 148 0.0%
Pembina Pipeline Corp. 4.02% 03-27-2028 Callable 2027 510,000 507 0.1%
Penske Automotive Group Inc. 3.75% 08-15-2020 40,858 55 0.0%
Petroleos De Venezuela SA 6.00% 05-16-2024 691,090 142 0.0%
Philip Morris International Inc. 21,493 1,957 0.3%
Pilgrim's Pride Corp. 5.88% 09-30-2027 Callable 2022 144A 35,336 44 0.0%
Pisces Midco Inc. 8.00% 04-15-2026 Callable 2021 [144A] 69,877 88 0.0%
Pisces Midco Inc. Term Loan B 1st Lien F/R 03-29-2025 234,750 293 0.0%
PLH Group Inc. Term Loan 1st Lien F/R 08-06-2023 145,333 194 0.0%
Polar US Borrower LLC Term Loan 1st Lien F/R 08-21-2025 199,877 263 0.0%
Precision Drilling Corp. 3,065,876 7,266 1.1%
Premier Foods Finance PLC 6.25% 10-15-2023 Callable 2020 71,777 122 0.0%
Prospect Medical Holdings Inc. Term Loan B 1st Lien F/R 02-15-2024 26,315 36 0.0%
Province of Newfoundland 3.00% 06-02-2026 1,420,000 1,434 0.2%
Province of Newfoundland 3.70% 10-17-2048 2,480,000 2,586 0.3%
Province of Ontario 2.90% 06-02-2049 28,700,000 27,183 3.8%
Province of Ontario 4.60% 06-02-2039 1,780,000 2,161 0.3%
Province of Ontario Canada 2.90% 06-02-2028 396,564 399 0.1%
Province Of Quebec 2.75% 09-01-2028 2,980,000 2,976 0.4%
Province of Quebec 3.50% 12-01-2048 7,670,000 8,214 1.2%
Province of Saskatchewan 3.30% 06-02-2048 1,500,000 1,513 0.2%
PSC Industrial Outsourcing LP Term Loan B 1st Lien F/R 10-05-2024 267,300 356 0.0%
Puma International Financing SA 5.00% 01-24-2026 Callable 2021 143,554 154 0.0%
Quad Graphics Inc. 7.00% 05-01-2022 33,128 43 0.0%
Quad/Graphics Inc. Term Loan B 1st Lien F/R 06-30-2026 246,502 329 0.0%
Quebecor Media Inc. 6.625% 01-15-2023 144A 23,852 25 0.0%
R.R. Donnelley & Sons Co. Term Loan B 1st Lien F/R 01-04-2024 7,730 10 0.0%
R1 RCM Inc. Term Loan B 1st Lien F/R 05-02-2025 139,300 188 0.0%
Rackspace Hosting Inc. 8.63% 11-15-2024 Callable 2019 144A 420,734 448 0.1%
RegionalCare Hospital Partners Holdings Term Loan 1st Lien F/R 11-16-2025 2,209 3 0.0%
Reliance Intermediate Holdings LP 6.50% 04-01-2023 Callable 2018 144A 103,538 145 0.0%
Reliance LP 3.84% 03-15-2025 Callable 2025 8,834 9 0.0%
Renfro Corp. Term Loan B 1st Lien F/R 03-31-2021 334,552 442 0.1%
Republic of Argentina 5.88% 01-11-2028 99,936 99 0.0%
Republic of Argentina 6.88% 01-11-2048 18,772 18 0.0%
Research Now Group Inc. Term Loan 1st Lien F/R 12-20-2024 878,729 1,179 0.2%
Resolute Forest Products Inc. 5.875% 05-15-2023 6,626 9 0.0%
Reynolds Group Issuer Inc./Reynolds Group Issuer LLC/Reynolds Group Issue Lu 5.125% 07-15-2023 44,170 58 0.0%
Rite Aid Corp. 6.125% 04-01-2023 Callable 2018 144A 11,043 12 0.0%
Rite Aid Corp. 7.70% 02-15-2027 112,635 103 0.0%
Rowan Companies Inc. 345,598 3,956 0.5%
Royal Bank of Canada 2.36% 12-05-2022 7,730 8 0.0%
Royal Bank of Canada 2.95% 05-01-2023 1,470,000 1,473 0.2%
Royal Bank of Canada 3.30% 09-26-2023 2,113,251 2,123 0.3%
Russel Metals Inc. 6.00% 03-16-2026 Callable 2021 40,858 40 0.0%
Samsung Electronics Co. Ltd. 89,850 4,259 0.6%
Sanofi 12,881 1,524 0.2%
Saputo Inc. 3.61% 08-14-2025 Callable 2025 324,417 323 0.0%
Savage Enterprises LLC Term Loan B 1st Lien F/R 07-02-2025 190,662 257 0.0%
Scientific Games International Inc. 5.50% 02-15-2026 Callable 2021 22,085 30 0.0%
Sea to Sky Highway Investment LP 2.63% 08-31-2030 966,243 934 0.1%
Sequel Merger Sub II LLC B Term Loan 1st Lien F/R 07-02-2025 8,812 12 0.0%
Shaw Communications Inc. 4.40% 11-02-2028 Callable 2028 626,626 628 0.1%
Shaw Communications Inc. Pfd Series A 2,787 42 0.0%
ShawCor Ltd. 343,938 5,702 0.8%
Sigma Bidco BV Term Loan B 1st Lien F/R 03-07-2025 116,564 177 0.0%
Sigma US Corp. Term Loan B 1st Lien F/R 03-06-2025 181,448 235 0.0%
SIRVA Worldwide Inc. Term Loan 1st Lien F/R 07-31-2025 153,999 206 0.0%
SIWF Holdings Inc. Term Loan 1st Lien F/R 05-25-2025 99,500 132 0.0%
SNC-Lavalin Group Inc. 3.24% 03-02-2023 Callable 2023 91,104 90 0.0%
SoftBank Group Corp. 5.38% 07-30-2022 Callable 2022 11,043 15 0.0%
SoftBank Group Corp. 6.13% 04-20-2025 Callable 2025 36,441 49 0.0%
Source Energy Services Canada LP 10.50% 12-15-2021 Callable 2018 144A 216,435 219 0.0%
Source Energy Services Ltd. 1,897 2 0.0%
Spirit AeroSystems Inc. 3.95% 06-15-2023 Callable 2023 284,417 389 0.1%
Sprint Capital Corp. 6.875% 11-15-2028 22,085 29 0.0%
Sprint Corp. 7.125% 06-15-2024 17,668 24 0.0%
Sprint Corp. 7.875% 09-15-2023 18,772 26 0.0%
Sprint Spectrum Co. LLC 4.74% 03-20-2025 144A 290,000 389 0.1%
Spy Hill Power LP 4.14% 03-31-2036 792,690 817 0.1%
SRS Distribution Inc. 8.25% 07-01-2026 Callable 2021 144A 25,398 32 0.0%
SRS Distribution Inc. Term Loan B 1st Lien F/R 05-17-2025 246,023 314 0.0%
SS&C Technologies Inc. Term Loan B5 1st Lien F/R 04-16-2025 101,043 131 0.0%
St. Joseph Energy Center LLC Term Loan 1st Lien F/R 04-06-2025 9,718 13 0.0%
Standard Chartered PLC 224,798 2,383 0.3%
Staples Inc. Term Loan 1st Lien F/R 08-15-2024 210,047 275 0.0%
Star West Generation LLC Term Loan B 1st Lien F/R 03-13-2020 130,485 173 0.0%
Starfruit US Holdco LLC 8.00% 10-01-2026 Callable 2021 [144A] 71,043 91 0.0%
Stars Group Holdings BV 7.00% 07-15-2026 Callable 2021 144A 112,545 150 0.0%
Stonegate Pub Company Financing PLC 4.88% 03-15-2022 Callable 2019 88,341 149 0.0%
Sun Life Financial Inc. F/R 02-19-2026 Callable 2021 1,580,000 1,585 0.2%
Sun Life Financial Inc. F/R 09-19-2028 Callable 2023 1,810,000 1,792 0.2%
Sun Life Financial Inc. F/R 11-23-2027 Callable 2022 457,730 450 0.1%
Superior Plus LP 5.25% 02-27-2024 Callable 2020 182,203 172 0.0%
Superior Plus LP 7.00% 07-15-2026 Callable 2021 144A 246,132 325 0.0%
Sydney Airport Finance Co. Pty. Ltd. 3.625% 04-28-2026 Callable 2026 144A 1,336,132 1,763 0.2%
Syniverse Holdings Inc. Term Loan 1st Lien F/R 02-09-2023 99,250 121 0.0%
Sysco Canada Inc. 3.65% 04-25-2025 Callable 2025 564,417 567 0.1%
T-Mobile USA Inc. 6.50% 01-15-2026 Callable 2026 33,128 46 0.0%
Talen Energy Supply LLC 10.50% 01-15-2026 Callable 2022 144A 45,460 53 0.0%
Talen Energy Supply LLC 9.50% 07-15-2022 Callable 2020 144A 48,588 67 0.0%
Team Health Holdings Inc. 6.38% 02-01-2025 Callable 2020 144A 65,151 73 0.0%
Teck Resources Ltd. Class B 427,886 12,576 1.8%
Telenet Finance Luxembourg Notes Sarl 5.50% 03-01-2028 Callable 2022 144A 22,085 27 0.0%
Telenet Financing USD LLC Term Loan AN 1st Lien F/R 08-15-2026 71,777 93 0.0%
TELUS Corp. 3.35% 04-01-2024 Callable 110,000 109 0.0%
TELUS Corp. 3.63% 03-01-2028 Callable 2027 605,521 594 0.1%
TELUS Corp. 4.70% 03-06-2048 Callable 2047 430,000 420 0.1%
Tenaris SA ADR 99,944 2,907 0.4%
Tenet Healthcare Corp. 6.75% 06-15-2023 69,568 89 0.0%
TerraForm Power Operating LLC 5.00% 01-31-2028 Callable 2027 144A 184,345 224 0.0%
Teva Pharmaceutical Finance Netherlands III BV 3.15% 10-01-2026 Callable 57,110 60 0.0%
Teva Pharmaceutical Industries Ltd. 2.20% 07-21-2021 80,981 102 0.0%
Teva Pharmaceutical Industries Ltd. 2.80% 07-21-2023 35,336 42 0.0%
The Bank of Nova Scotia 2.29% 06-28-2024 680,000 656 0.1%
The Bank of Nova Scotia 2.98% 04-17-2023 390,000 391 0.1%
The Bank of Nova Scotia F/R 04-12-2066 Callable 2022 838,649 1,014 0.1%
The Goldman Sachs Group Inc. 20,980 4,781 0.6%
The International Bank for Reconstruction and Development 3.50% 01-22-2021 4,610,000 4,331 0.6%
The Toronto-Dominion Bank 1.91% 07-18-2023 DPNT 76,194 73 0.0%
The Toronto-Dominion Bank 3.01% 05-30-2023 510,000 513 0.1%
The Toronto-Dominion Bank F/R 07-25-2029 Callable 2024 760,000 740 0.1%
The Toronto-Dominion Bank F/R 09-14-2028 Callable 2023 756,626 754 0.1%
Thor Industries Inc. Term Loan B 1st Lien F/R 11-01-2025 312,024 404 0.1%
Titan Acquisition Ltd. 7.75% 04-15-2026 Callable 2021 144A 76,194 90 0.0%
Titan Acquisition Ltd. Term Loan 1st Lien F/R 03-16-2025 7,648 10 0.0%
TMX Group Ltd. 2.30% 12-11-2024 Callable 2024 254,417 251 0.0%
TMX Group Ltd. 3.78% 06-05-2028 Callable 2028 281,104 284 0.0%
TMX Group Ltd. 4.46% 10-03-2023 Callable 2023 1,010,000 1,067 0.1%
Tourmaline Oil Corp. 520,806 8,843 1.3%
TransAlta Corp. 1,077,500 6,023 0.9%
TransAlta Corp. Pfd. Series A 32,089 381 0.1%
TransCanada Corp. Pfd. Series 15 35,151 869 0.1%
TransCanada Pipelines Ltd. 3.39% 03-15-2028 Callable 2027 462,209 449 0.1%
TransCanada PipeLines Ltd. 4.18% 07-03-2048 Callable 2048 360,000 332 0.0%
TransCanada Trust F/R 05-18-2077 Callable 2027 1,783,313 1,598 0.2%
Transocean Ltd. 171,989 1,628 0.2%
Transurban Finance Co. Pty. Ltd. 4.56% 11-14-2028 Callable 2028 887,730 928 0.1%
Traverse Midstream Partners LLC Term Loan B 1st Lien F/R 09-21-2024 127,730 168 0.0%
Trico Products Corp. Term Loan 1st Lien F/R 02-02-2024 98,125 132 0.0%
Trillium Windpower LP 5.80% 02-15-2033 825,473 932 0.1%
Uber Technologies Inc. 8.00% 11-01-2026 Callable 2021 144A 342,511 453 0.1%
Uber Technologies Inc. Term Loan B 1st Lien F/R 07-13-2023 639,825 840 0.1%
UBS Group AG 280,176 4,758 0.6%
Ultra Clean Holdings Inc. Term Loan B 1st Lien F/R 08-27-2025 289,815 378 0.1%
Unimin Corp. Term Loan 1st Lien F/R 05-21-2025 206,801 206 0.0%
Union Gas Ltd. 3.59% 11-22-2047 Callable 2047 510,000 482 0.1%
Union Pacific Corp. 8,398 1,584 0.2%
United States Treasury 2.75% 02-15-2028 800,000 1,099 0.1%
United States Treasury 2.88% 10-31-2023 111,104 154 0.0%
United States Treasury 3.00% 02-15-2048 3,590,000 4,890 0.7%
United States Treasury 3.13% 11-15-2028 1,190,000 1,687 0.2%
US Treasury 2.88% 08-15-2028 920,000 1,277 0.2%
Valeant Pharmaceuticals International Inc. 5.63% 12-01-2021 Callable 144A 80,611 109 0.0%
Valeant Pharmaceuticals International Inc. 9.00% 12-15-2025 Callable 2021 48,588 66 0.0%
Valeant Pharmaceuticals International Inc. Term Loan B 1st Lien F/R 05-28-2025 105,816 138 0.0%
Vancouver Airport Authority 3.66% 11-23-2048 Callable 2048 454,417 468 0.1%
Ventas Canada Finance Ltd. 2.55% 03-15-2023 Callable 2023 940,000 909 0.1%
Ventas Realty LP 4.00% 03-01-2028 Callable 2027 340,000 450 0.1%
VeriFone Systems Inc. Term Loan 1st Lien F/R 08-09-2025 122,147 162 0.0%
VeriSign Inc. 4.75% 07-15-2027 Callable 2022 144A 373,313 479 0.1%
Vertex Aerospace Services Corp. Term Loan B 1st Lien F/R 06-14-2025 109,389 148 0.0%
Vesta Energy Corp. 8.13% 07-24-2023 Callable 2020 144A 33,128 31 0.0%
Videotron Ltee 5.625% 06-15-2025 Callable 2025 13,803 14 0.0%
Videotron Ltee 5.75% 01-15-2026 Callable 2020 33,128 34 0.0%
Vistage Worldwide Inc. Term Loan 1st Lien F/R 02-01-2025 185,196 249 0.0%
Vodafone Group PLC 3.75% 01-16-2024 230,000 308 0.0%
VVC Holding Corp. Term Loan 1st Lien F/R 07-03-2025 112,550 148 0.0%
VW Credit Canada Inc. 3.70% 11-14-2022 282,209 284 0.0%
Vyaire Medical Inc. Term Loan B 1st Lien F/R 04-06-2025 196,741 254 0.0%
W/S Packaging Holdings Inc. 9.00% 04-15-2023 Callable 2020 144A 223,801 305 0.0%
WellDyneDx Inc. Term Loan 1st Lien F/R 08-16-2022 330,846 437 0.1%
Wells Fargo & Co. 150,497 9,461 1.4%
Welltower Inc. 4.25% 04-15-2028 Callable 2028 254,417 344 0.0%
West Fraser Timber Co. Ltd. 21,156 1,427 0.2%
Western Dental Services Inc. Term Loan B 1st Lien F/R 06-23-2023 16,756 22 0.0%
WestJet Airlines Ltd. 309,285 5,567 0.8%
Williams Scotsman International Inc. 7.88% 12-15-2022 Callable 2019 144A 132,464 179 0.0%
Wind Tre SPA 5.00% 01-20-2026 Callable 2020 23,189 26 0.0%
Xplornet Communications Inc. 9.63% 06-01-2022 Callable 2019 144A 49,025 65 0.0%
Yak Access LLC Term Loan B 1st Lien F/R 06-26-2025 314,524 360 0.0%
YRC Worldwide Inc. Term Loan 1st Lien F/R 07-21-2022 389,390 501 0.1%
Ziggo Secured Finance Partnership Term Loan E 1st Lien F/R 04-27-2025 160,118 206 0.0%
Zotec Partners LLC Term Loan 1st Lien F/R 02-09-2024 264,938 351 0.0%
Total Investments -- 731,689 98.9%
Cash & Equivalents -- 10,164 1.4%
Currency Hedge Contracts -- -7,100 -1.0%
Other Assets (Liabilities) -- 4,858 0.7%
Total Net Assets -- 739,611 100.0%

Asset Allocation (%) Help Holdings by region and sector

As of February 28, 2019
  • Regional Allocation
      Canada
    EQ : 38.3% | FI : 24.1%
    62.4%
      United States
    EQ : 18.5% | FI : 8.0%
    26.5%
      Other
    EQ : 3.2% | FI : 1.9%
    5.1%
      United Kingdom
    EQ : 1.5% | FI : 0.6%
    2.1%
      Switzerland
    EQ : 1.4%
    1.4%
      New Zealand
    FI : 0.5%
    0.5%
      Cash & Equivalents 2.0%
  • Sector Allocation
      Fixed Income 35.2%
      Financials 15.9%
      Energy 12.6%
      Consumer Staples 8.1%
      Industrials 5.4%
      Other 4.7%
      Materials 4.6%
      Information Technology 3.6%
      Consumer Discretionary 3.4%
      Communication Serv. 2.9%
      Cash & Equivalents 2%
      Health Care 1.6%
Credit Allocation (%)
AAA 5.7%
AA 3.2%
A 9%
BBB 9.2%
BB 1.7%
B 4.1%
CCC & Below 0.5%
NR 1.6%
Cash & Equivalents 2%
Equities 62.8%

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

Simon Chiu, CFA

Vice President, Portfolio Manager

Mackenzie Cundill Team

Investment experience since 2006

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 Multi-Asset Strategies 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.

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.

Effective June 1, 2018, the management fee and/or administration fee of series F, PW, PWB, PWT, PWFB, and PWX of the fund was reduced. The new fees will not be fully reflected in the current MER until the semi-annual MER for the period ended September 30, 2019.

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 ratings issued by a designated rating organization.