Fund Portfolio – Mackenzie Diversified Alternatives Fund Series A MFC4855 MFC4856 MFC7251 MFC4857 | Mackenzie Investments

Mackenzie Diversified Alternatives Fund Series A

Asset Class: Alternative Assets

Major Holdings (%) Help Top holdings by percentage

As of August 31, 2019
Major holdings represent 50.2% of the fund.
View all holdings
Total # of
Equity Holdings
143
Total # of
Fixed Income Holdings
189
Holding name, country and sector Percentage of holding in fund
iShares Global Infrastructure ETF
United States | Exchange Traded Funds
8.9%
iShares Preferred and Income Securities ETF
United States | Exchange Traded Funds
8.3%
Mackenzie Emerging Markets Local Currency Bond Index ETF
Canada | Exchange Traded Funds
8.0%
Cortland Credit Institutional LP Unit
Canada | Mutual Funds
5.7%
Mackenzie Floating Rate Income ETF
Canada | Exchange Traded Funds
5.3%
Vanguard Real Estate ETF
United States | Exchange Traded Funds
5.2%
SPDR Wells Fargo Preferred Stock ETF
United States | Exchange Traded Funds
5.2%
Mackenzie Unconstrained Fixed Income Fund Series R
Canada | Pooled Funds
2.2%
Mackenzie US TIPS Index ETF (CAD-Hedged)
Canada | Exchange Traded Funds
1.2%
Invesque Inc. 5.00% 01-31-2022 Callable 2021
Canada | Corporate - Convertible
0.3%

Complete Fund Holdings Help Full holdings list

As of July 31, 2019
Holding Name No. of Shares/Units Market Value CAD (000s) % of NAV
A.O. Smith Corp. 3,307 198 0.0%
AAC holdings Inc. Term Loan 1st Lien F/R 06-30-2023 133,661 157 0.0%
Abertis Infraestructuras SA 2,993 28 0.0%
ACEA SPA 25,630 635 0.1%
Acproducts Inc. Term Loan 1st Lien F/R 02-14-2024 129,188 163 0.0%
AGNC Investment Corp. 182,744 4,135 0.6%
AI Ladder Luxembourg Term Loan B 1st Lien F/R 05-04-2025 71,001 91 0.0%
AL Midcoast Holdings LLC Term Loan B 1st Lien F/R 06-28-2025 49,625 66 0.0%
Alcentra Capital Corp. 61,103 670 0.1%
Alchemy US Holdco LLC Term Loan B 1st Lien F/R 10-01-2025 79,000 104 0.0%
Allegheny Technologies Inc. 4,990 143 0.0%
Allegion PLC 1,836 251 0.0%
Alliance Data Systems Corp. 17,121 3,547 0.5%
Alliant Energy Corp. 7,736 506 0.1%
AMC Entertainment Holdings Inc. 5.88% 11-15-2026 Callable 470,000 565 0.1%
AMERCO 5,800 2,963 0.4%
American Electric Power Co. Inc. 14,551 1,687 0.3%
American Teleconferencing Services Ltd. Term Loan 1st Lien F/R 12-08-2021 168,127 141 0.0%
Anhui Expressway Co. Ltd. 486,731 390 0.1%
Annaly Capital Management Inc. 407,449 5,137 0.8%
Antero Resources Corp. 5.63% 06-01-2023 Callable 250,000 313 0.0%
APFS Staffing Holdings Inc. Term Loan 1st Lien F/R 04-10-2026 70,000 93 0.0%
Apollo Commercial Real Estate Finance Inc. 89,000 2,211 0.3%
Apollo Investment Corp. 60,219 1,300 0.2%
Arbor Realty Trust Inc. 234,016 3,766 0.6%
Ardonagh Midco 3 PLC 8.63% 07-15-2023 Callable 2020 210,000 257 0.0%
Ares Capital Corp. 239,868 5,881 0.9%
Ares Commercial Real Estate Corp. 60,604 1,214 0.2%
ARMOUR Residential REIT Inc. 11,818 279 0.0%
Assured Guaranty Ltd. 13,766 794 0.1%
AT&T Inc. 47,060 2,116 0.3%
Ball Metalpack Finco LLC Term Loan B 1st Lien F/R 07-26-2025 69,300 90 0.0%
Bausch Health Cos Inc. 5.75% 08-15-2027 Callable 2022 144A 150,000 209 0.0%
Bausch Health Cos Inc. 7.00% 01-15-2028 Callable 2023 144A 230,000 317 0.0%
Bausch Health Cos Inc. 8.50% 01-31-2027 Callable 2022 144A 150,000 219 0.0%
Bausch Health Cos Inc. 9.00% 12-15-2025 Callable 2021 440,000 652 0.1%
Baytex Energy Corp. 5.63% 06-01-2024 Callable 2019 144A 1,250,000 1,573 0.2%
BCPE Cycle Merger Sub II Inc. 10.63% 07-15-2027 Callable 2022 144A 560,000 733 0.1%
BlackRock Kelso Capital Corp. 129,804 1,028 0.2%
Blackstone Mortgage Trust Inc. 16,577 777 0.1%
BMC Acquisition Inc. Term Loan 1st Lien F/R 12-15-2024 49,250 65 0.0%
BMO Junior Gold Index ETF 100,000 5,853 0.9%
Boardriders Inc. Term Loan B 1st Lien F/R 03-21-2024 17,514 23 0.0%
Bright Bidco BV Term Loan B 1st Lien F/R 06-30-2024 497,465 443 0.1%
Brunswick Corp. 44,033 2,858 0.4%
BWAY Holding Co. 7.25% 04-15-2025 144A 450,000 564 0.1%
C&D Technologies Inc. Term Loan B 1st Lien F/R 12-13-2025 79,600 100 0.0%
C.H. Robinson Worldwide Inc. 2,550 282 0.0%
Calceus Acquisition Inc. Term Loan B1 1st Lien F/R 02-08-2025 109,313 144 0.0%
Calfrac Holdings LP 8.50% 06-15-2026 Callable 2021 144A 860,000 780 0.1%
California Resources Corp. 8.00% 12-15-2022 Callable 2019 144A 1,180,000 1,090 0.2%
Camelot Finance SA 7.88% 10-15-2024 Callable 2019 144A 625,000 864 0.1%
Can Am Construction Inc./Canada Term Loan B 1st Lien F/R 07-01-2024 354,186 455 0.1%
Canada Goose Inc. Term Loan 1st Lien F/R 12-02-2024 111,406 146 0.0%
CareCentrix Inc. Term Loan 1st Lien F/R 03-22-2025 154,756 204 0.0%
CCO Holdings LLC 5.88% 04-01-2024 Callable 2019 144A 200,000 275 0.0%
CCS-CMGC Holdings Inc. Term Loan 1st Lien F/R 09-25-2025 59,700 78 0.0%
CD Projekt SA 16,000 1,249 0.2%
Centennial Resource Production LLC 5.38% 01-15-2026 Callable 2021 144A 500,000 612 0.1%
CEVA Logistics Finance BV Term Loan B 1st Lien F/R 08-03-2025 90,000 105 0.0%
Charter Communications Operating LLC Term Loan B 1st Lien F/R 04-15-2025 49,747 66 0.0%
Chimera Investment Corp. 31,825 810 0.1%
China Everbright International Ltd. 231,061 270 0.0%
Chloe Ox Parent LLC Term Loan 1st Lien F/R 12-19-2024 19,750 26 0.0%
Cincinnati Bell Inc. 7.00% 07-15-2024 Callable 2019 144A 500,000 567 0.1%
Civitas Solutions Inc. Term Loan 1st Lien F/R 02-05-2026 39,906 53 0.0%
Clarity Telecom LLC Term Loan 1st Lien F/R 06-27-2026 70,000 93 0.0%
Cliffs Natural Resources Inc. 13,892 196 0.0%
CNH Industrial NV 214,742 2,866 0.4%
Commercial Vehicle Group Inc. Term Loan B 1st Lien F/R 03-30-2023 109,943 146 0.0%
CommScope Technologies Finance LLC 8.25% 03-01-2027 Callable 2022 144A 350,000 458 0.1%
CommScope Technologies LLC 5.00% 03-15-2027 Callable 2022 144A 140,000 156 0.0%
Companhia de Saneamento Basico do Estado de Sao Paulo ADR (SABESP) 51,244 941 0.1%
Concrete Pumping Merger Sub Inc. Term Loan 1st Lien F/R 11-14-2025 108,875 142 0.0%
Consolidated Edison Inc. 5,659 635 0.1%
Constellium NV 5.88% 02-15-2026 Callable 2020 144A 20,000 27 0.0%
Conterra Ultra Broadband Holdings Inc. Term Loan B 1st Lien F/R 04-26-2026 70,000 93 0.0%
Cook & Boardman Group LLC Term Loan 1st Lien F/R 10-12-2025 89,550 117 0.0%
Cortland Credit Institutional LP Unit 3,726,469 37,332 5.6%
Crew Energy Inc. 6.50% 03-14-2024 Callable 140,000 121 0.0%
Crown Subsea Communications Holding Inc. Term Loan 1st Lien F/R 11-02-2025 126,750 168 0.0%
CVR Partners LP 9.25% 06-15-2023 Callable 2019 144A 330,000 456 0.1%
Danaher Corp. 10,146 1,882 0.3%
Dave & Buster's Entertainment Inc. 1,000 54 0.0%
DHX Media Ltd. 5.88% 09-30-2024 Conv. 20,000 15 0.0%
Diamond Sports Group LLC 6.63% 08-15-2027 Callable 2022 144A 300,000 408 0.1%
DISH DBS Corp. 5.88% 11-15-2024 370,000 457 0.1%
DMT Solutions Global Corp. Term Loan 1st Lien F/R 06-25-2024 475,000 612 0.1%
Drax Group PLC 6.63% 11-01-2025 Callable 2021 144A 200,000 275 0.0%
Drive Chassis Holdco LLC. Term Loan 2nd Lien F/R 04-12-2026 40,000 51 0.0%
DTE Energy Co. 3,272 549 0.1%
Dynex Capital Inc. 25,642 552 0.1%
Eagle Materials Inc. 20,000 2,186 0.3%
EagleTree-Carbide Acquisition Corp. Term Loan 1st Lien F/R 08-28-2024 177,051 231 0.0%
Edison International 7,327 721 0.1%
eG Global Finance PLC 6.75% 02-07-2025 Callable 2021 144A 440,000 586 0.1%
Elanco Animal Health Inc. 3,068 134 0.0%
Electrical Components International Inc. Term Loan 2nd Lien F/R 06-22-2026 20,000 25 0.0%
EnPro Industries Inc. 12,200 1,144 0.2%
Ensono LP Term Loan 1st Lien F/R 04-30-2025 79,200 104 0.0%
EnTrans International LLC Term Loan 1st Lien F/R 10-29-2025 86,625 112 0.0%
Equinor ASA 30,000 707 0.1%
Eventbrite Inc. Put Option @ $15.00 Exp. 10-18-2019 10 1 0.0%
Evergy Inc. 10,266 820 0.1%
Everi Holdings Inc. 180,000 2,854 0.4%
Eversource Energy 5,756 576 0.1%
Exantas Capital Corp. 21,101 312 0.0%
Exela Intermediate LLC 10.00% 07-15-2023 Callable 2020 144A 910,000 987 0.1%
Exelon Corp. 17,213 1,024 0.2%
Expeditors International of Washington Inc. 3,165 319 0.0%
FAGE International SA / FAGE USA Dairy Industry Inc. 5.63% 08-15-2026 Callable 2021 144A 540,000 621 0.1%
Fairstone Financial Inc. 7.88% 07-15-2024 Callable 2021 144A 500,000 685 0.1%
Ferrovial SA 4,899 168 0.0%
Fidus Investment Corp. 47,596 1,019 0.2%
Financial Select Sector SPDR Fund Call Option @ $25.00 Exp. 09/20/2019 50 23 0.0%
First Quantum Minerals Ltd. 7.25% 04-01-2023 Callable 2019 144A 920,000 1,201 0.2%
Forming Machining Industries Holdings LLC Term Loan 1st Lien F/R 10-03-2025 79,600 102 0.0%
Fortum OYJ 47,722 1,447 0.2%
Fortune Brands Home & Security Inc. 2,888 209 0.0%
Foxconn Technology Co. Ltd. 122,000 332 0.0%
Fusion Connect Inc. Term Loan 1st Lien F/R 06-03/2019 300 0.0%
Fusion Connect Inc. Term Loan B 1st Lien F/R 05-03-2023 40,555 36 0.0%
Fusion Connect Inc. Term Loan DIP 1st Lien F/R 10-03-2019 4,000 5 0.0%
FXI Holdings Inc. 7.88% 11-01-2024 Callable 2020 144A 375,000 446 0.1%
FXI Holdings Inc. Bridge Loan Exp. 03-04-2020 1,180,000 0.0%
Gateway Casinos & Entertainment Ltd. Term Loan B 1st Lien F/R 03-13-2025 119,497 157 0.0%
GCI Liberty Inc. Class A 26,149 2,062 0.3%
GEMS MENASA (Cayman) Ltd. Term Loan B 1st Lien F/R 07-30-2026 60,000 78 0.0%
GFL Environmental Inc. 5.38% 03-01-2023 Callable 2020 144A 109,000 146 0.0%
GFL Environmental Inc. 5.63% 05-01-2022 Callable 2019 144A 46,000 62 0.0%
GFL Environmental Inc. 7.00% 06-01-2026 Callable 2021 144A 575,000 789 0.1%
Gilead Sciences Inc. 4,300 372 0.1%
Golden Entertainment Inc. 7.63% 04-15-2026 Callable 2022 144A 100,000 136 0.0%
Goldman Sachs BDC Inc. 49,362 1,309 0.2%
Granite Point Mortgage Trust Inc. 36,048 909 0.1%
Green Dot Corp. Class A 5,000 335 0.0%
Hadrian Merger Sub Inc. 8.50% 05-01-2026 Callable 2021 144A 621,000 792 0.1%
Halma PLC 58,355 1,867 0.3%
Hannon Armstrong Sustainable Infrastructure Capital Inc. 14,297 518 0.1%
Herbalife Nutrition Ltd. 3,089 167 0.0%
Heritage Power LLC Term Loan B 1st Lien F/R 07-08-2026 120,000 156 0.0%
Horizon Therapeutics PLC 5.50% 08-01-2027 Callable 2022 144A 200,000 270 0.0%
Hospitality Properties Trust 70,000 2,284 0.3%
Huntsman Corp. 30,000 814 0.1%
Husky Energy Inc. 4.45% 12-31-2049 Pfd. Series 1 72,765 903 0.1%
Iberdrola SA 120,830 1,511 0.2%
Iberdrola SA Rights Exp. 08-01-2019 120,830 35 0.0%
IDB Development Corp. 4.95% 12-18-2025 Inflation Indexed 2,969 1 0.0%
IEA Energy Services LLC Term Loan 1st Lien F/R 09-25-2024 133,000 167 0.0%
Imagine! Print Solutions Inc. Term Loan 1st Lien F/R 06-21-2022 196,227 212 0.0%
INEOS Enterprises Holdings US Finco LLC Term Loan B 1st Lien F/R 07-29-2026 120,000 158 0.0%
Innovative Water Care Global Corp. Term Loan 1st Lien F/R 02-27-2026 109,725 138 0.0%
Instructure Inc. 12,000 629 0.1%
Intelsat Jackson Holdings SA 8.50% 10-15-2024 Callable 2020 144A 50,000 66 0.0%
Inter Pipeline Ltd. F/R 03-26-2079 Callable 2029 650,000 685 0.1%
Intermedia Holdings Inc. Term Loan B 1st Lien F/R 07-13-2025 39,800 53 0.0%
Invesco Mortgage Capital Inc. 29,376 639 0.1%
Invesque Inc. 5.00% 01-31-2022 Callable 2021 1,600,000 1,933 0.3%
iQor US Inc. Term Loan 2nd Lien F/R 04-01-2022 250,000 266 0.0%
iQor US Inc. Term Loan B 1st Lien F/R 04-01-2021 47,348 60 0.0%
Isagenix International LLC Term Loan 1st Lien F/R 04-26-2025 133,000 140 0.0%
iShares Global Infrastructure ETF 777,000 46,419 6.9%
iShares iBoxx $ High Yield Corporate Bond ETF Put Option @ $84.00 Exp. 09-20-2019 288 11 0.0%
iShares iBoxx $ High Yield Corporate Bond ETF Put Option @ $84.00 Exp. 11-15-2019 127 12 0.0%
iShares iBoxx $ High Yield Corporate Bond ETF Put Option @ $85.00 Exp. 01-17-2020 64 13 0.0%
iShares iBoxx $ High Yield Corporate Bond ETF Put Option @ $85.00 Exp. 11-15-2019 64 8 0.0%
IShares MSCI Brazil ETF 80,000 4,700 0.7%
iShares U.S. Preferred Stock ETF 1,022,000 50,396 7.5%
J.B. Hunt Transport Services Inc. 2,009 272 0.0%
Jane Street Group LLC. Term Loan B 1st Lien F/R 08-25-2022 109,724 144 0.0%
JP Intermediate B LLC Term Loan 1st Lien F/R 10-19-2025 48,125 55 0.0%
Just Energy Group Inc. 85,124 391 0.1%
Kajima Corp. 34,784 591 0.1%
Kestra Advisor Services Holdings A Inc. Term Loan 1st Lien F/R 04-29-2026 70,000 92 0.0%
Keyera Corp. F/R 06-13-2079 Callable 2029 700,000 723 0.1%
Keystone Peer Review Organization Holdings Inc. Term Loan 1st Lien F/R 05-01-2024 58,950 76 0.0%
Klepierre 17,864 725 0.1%
Kruger Products LP 6.00% 04-24-2025 Callable 2021 250,000 243 0.0%
LABL Escrow Issuer LLC 10.50% 07-15-2027 Callable 2022 144A 565,000 755 0.1%
LABL Escrow Issuer LLC 6.75% 07-15-2026 Callable 2022 144A 317,000 428 0.1%
Landec Corp. 65,000 959 0.1%
Lee Enterprises Inc. 9.50% 03-15-2022 Callable 2020 144A 290,000 387 0.1%
Lennar Corp. Class A 6,202 390 0.1%
Lennox International Inc. 789 267 0.0%
LifeMiles Ltd. Term Loan B 1st Lien F/R 08-18-2022 152,163 195 0.0%
LifeScan Global Corp. Term Loan 1st Lien F/R 06-19-2024 144,750 183 0.0%
LifeScan Global Corp. Term Loan 2nd Lien F/R 06-19-2025 50,000 60 0.0%
Logibec Groupe Informatique Ltd. Term Loan 1st Lien F/R 01-15-2020 93,069 88 0.0%
LSC Communications Inc. 8.75% 10-15-2023 Callable 2019 144A 500,000 503 0.1%
Mackenzie Emerging Markets Local Currency Bond Index ETF 536,500 53,814 8.0%
Mackenzie Floating Rate Income ETF 1,700,000 35,615 5.3%
Mackenzie Gold Bullion Class Series R 781,392 11,899 1.8%
Mackenzie Maximum Diversification Emerging Markets Index ETF 140,000 3,219 0.5%
Mackenzie Unconstrained Fixed Income Fund Series R 1,447,590 14,436 2.2%
Mackenzie US TIPS Index ETF (CAD-Hedged) 80,000 7,997 1.2%
Malibu Boats Inc. Class A 20,000 796 0.1%
Mallinckrodt International Finance SA 4.88% 04-15-2020 144A 250,000 308 0.0%
Manulife Financial Corp. Pfd. Series 13 1,970 37 0.0%
Masco Corp. 5,913 318 0.0%
Mattel Inc. 5.45% 11-01-2041 Callable 2041 400,000 447 0.1%
Matterhorn Merger Sub LLC 8.50% 06-01-2026 Callable 2021 144A 394,000 429 0.1%
Matthews International Corp. Class A 17,894 807 0.1%
Medley Capital Corp. 119,018 440 0.1%
MEG Energy Corp. 6.38% 01-30-2023 Callable 144A 390,000 488 0.1%
MEG Energy Corp. 7.00% 03-31-2024 Callable 2019 144A 511,000 644 0.1%
Mercer International Inc. 7.38% 01-15-2025 Callable 2021 80,000 111 0.0%
Meredith Corp. 6.88% 02-01-2026 Callable 2021 150,000 210 0.0%
MFA Financial Inc. 81,935 777 0.1%
MGM Resorts International 169,000 6,698 1.0%
Millar Western Forest Products Ltd. 9.50% 06-20-2023 Callable 2020 500,000 509 0.1%
Minotaur Acquisition Inc. Term Loan 1st Lien F/R 02-27-2026 119,700 155 0.0%
Monroe Capital Corp. 31,879 479 0.1%
Multi-Color Corp. Term Loan B 1st Lien F/R 06-17-2026 90,000 119 0.0%
MyNEXUS Inc. Term Loan 1st Lien F/R 06-19-2024 80,000 104 0.0%
Natel Engineering Co. Inc. Term Loan B 1st Lien F/R 04-29-2026 60,000 80 0.0%
National Grid PLC 181,375 2,460 0.4%
Neenah Foundry Co. Term Loan B 1st Lien F/R 12-08-2022 42,935 56 0.0%
New Red Finance Inc. 5.00% 10-15-2025 Callable 2020 144A 120,000 162 0.0%
New Residential Investment Corp. 64,625 1,339 0.2%
New York Mortgage Trust Inc. 55,561 448 0.1%
Nexstar Escrow Inc. 5.63% 07-15-2027 Callable 2022 144A 289,000 398 0.1%
Nexstar Media Group Inc. Bridge Loan Exp. 11-30-2019 1,010,000 0.0%
Nielsen Holdings PLC 44,000 1,345 0.2%
Nine Energy Service Inc. 8.75% 11-01-2023 Callable 2020 144A 800,000 1,035 0.2%
NORDAM Group Inc. Term Loan B-Exit 1st Lien F/R 04-04-2026 39,900 53 0.0%
Norfolk Southern Corp. 7,570 1,910 0.3%
NorthWestern Corp. 6,902 637 0.1%
Nucor Corp. 5,783 415 0.1%
Nufarm Australia Ltd. 5.75% 04-30-2026 Callable 2021 144A 600,000 752 0.1%
Numericable-SFR 7.38% 05-01-2026 Callable 2021 144A 280,000 389 0.1%
Oaktree Capital Group LLC 19,000 1,271 0.2%
Office Depot Inc. Term Loan B 1st Lien F/R 11-08-2022 71,018 95 0.0%
OGE Energy Corp. 3,877 220 0.0%
Old Dominion Freight Line Inc. 1,484 327 0.0%
OneMarket Ltd. 770 0.0%
Orchid Island Capital Inc. 10,109 83 0.0%
Owens & Minor Inc. Term Loan B 1st Lien F/R 05-01-2025 109,175 117 0.0%
Owens Corning Inc. 4,586 351 0.1%
Oxford Square Capital Corp. 52,076 461 0.1%
Panther BF Aggregator 2 LP 8.50% 05-15-2027 Callable 2022 144A 340,000 456 0.1%
Patterson Companies Inc. 109,912 2,873 0.4%
PennantPark Investment Corp. 182,826 1,603 0.2%
PennyMac Mortgage Investment Trust 34,065 991 0.1%
Pentair PLC 42,704 2,188 0.3%
Petroleos De Venezuela SA 6.00% 05-16-2024 170,000 32 0.0%
Pisces Midco Inc. 8.00% 04-15-2026 Callable 2021 144A 229,000 296 0.0%
Pluto Acquisition I Inc. Term Loan 1st Lien F/R 06-18-2026 90,000 117 0.0%
Polymer Process Holdings Inc. Term Loan 1st Lien F/R 04-29-2026 100,000 130 0.0%
Polymetal International PLC 50,000 793 0.1%
Powszechny Zaklad Ubezpieczen SA 80,000 1,138 0.2%
PPL Corp. 13,740 537 0.1%
PrairieSky Royalty Ltd. 36,000 636 0.1%
Premier Dental Services Inc. Term Loan B 1st Lien F/R 06-30-2023 309,878 407 0.1%
Prospect Capital Corp. 281,112 2,457 0.4%
PS HoldCo LLC Term Loan 1st Lien F/R 03-02-2025 49,625 65 0.0%
PSC Industrial Outsourcing LP Term Loan 2nd Lien F/R 10-05-2025 50,000 64 0.0%
Public Service Enterprise Group Inc. 9,104 687 0.1%
PulteGroup Inc. 5,696 237 0.0%
Quad/Graphics Inc. 7.00% 05-01-2022 40,000 54 0.0%
R.R. Donnelley & Sons Co. Term Loan B 1st Lien F/R 01-04-2024 38,805 51 0.0%
Rackspace Hosting Inc. 8.63% 11-15-2024 Callable 2019 144A 1,060,000 1,290 0.2%
Rayonier AM Products Inc. 5.50% 06-01-2024 Callable 2019 144A 560,000 586 0.1%
Redwood Trust Inc. 21,166 473 0.1%
Reliance Steel & Aluminum Co. 1,432 189 0.0%
Research Now Group Inc. Term Loan 1st Lien F/R 12-20-2024 147,651 196 0.0%
Research Now Group Inc. Term Loan 2nd Lien F/R 12-20-2025 30,000 39 0.0%
Resolute Forest Products Inc. 50,000 403 0.1%
Restaurant Technologies Inc. Term Loan 2nd Lien F/R 09-24-2026 750,000 994 0.1%
Rexnord Corp. 63,173 2,443 0.4%
Rite Aid Corp. 6.13% 04-01-2023 Callable 2020 144A 670,000 749 0.1%
Rite Aid Corp. 7.70% 02-15-2027 820,000 681 0.1%
Russel Metals Inc. 6.00% 03-16-2026 Callable 2021 190,000 198 0.0%
Saffron Borrowco LLC Term Loan 1st Lien F/R 06-20-2025 50,000 61 0.0%
Santander Bank Polska SA 17,000 1,895 0.3%
Savage Enterprises LLC Term Loan B 1st Lien F/R 07-02-2025 87,184 116 0.0%
Shaw Communications Inc. Pfd Series A 20,060 288 0.0%
SIRVA Worldwide Inc. Term Loan 1st Lien F/R 07-31-2025 95,788 124 0.0%
Solar Senior Capital Ltd. 60,669 1,343 0.2%
Sorenson Communications LLC Term Loan 1st Lien F/R 03-14-2024 50,000 66 0.0%
Source Energy Services Canada LP 10.50% 12-15-2021 Callable 2019 144A 1,081,000 1,031 0.2%
Source Energy Services Ltd. 3,094 2 0.0%
Southern Co. 20,151 1,495 0.2%
SPDR Bloomberg Barclays Convertible Securities ETF 180,000 12,745 1.9%
SPDR Gold Trust ETF 121,998 21,456 3.2%
SPDR S&P 500 ETF Trust Call Option @ $300.00 Exp. 09-20-2019 100 64 0.0%
SPDR Wells Fargo Preferred Stock ETF 584,182 33,890 5.1%
Springs Window Fashion Holdings Inc. Term Loan 2nd Lien F/R 05-24-2026 500,000 637 0.1%
Sprint Corp. 7.13% 06-15-2024 360,000 521 0.1%
Standex International Corp. 26,246 2,438 0.4%
Star West Generation LLC Term Loan B 1st Lien F/R 03-13-2020 168,211 217 0.0%
Starfruit US Holdco LLC 8.00% 10-01-2026 Callable 2021 144A 30,000 39 0.0%
Stars Group Holdings BV Term Loan B 1st Lien F/R 07-10-2025 117,561 156 0.0%
Starwood Property Trust Inc. 103,657 3,179 0.5%
Steel Dynamics Inc. 4,386 182 0.0%
Stericycle Inc. 14,000 850 0.1%
Superior Plus LP 7.00% 07-15-2026 Callable 2021 144A 400,000 557 0.1%
Sysco Corp. 9,266 839 0.1%
Talen Energy Supply LLC 6.63% 01-15-2028 Callable 2023 144A 110,000 140 0.0%
Talen Energy Supply LLC 7.25% 05-15-2027 Callable 2022 144A 90,000 119 0.0%
TC Energy Corp. 20,000 1,292 0.2%
TCP Capital Corp. 36,564 679 0.1%
Technics Oil & Gas Ltd. 7,762 0.0%
Teck Resources Ltd. Class B 40,000 1,080 0.2%
Teneo Holdings LLC Term Loan B 1st Lien F/R 07-12-2025 120,000 153 0.0%
Tenet Healthcare Corp. 6.25% 02-01-2027 Callable 2022 144A 190,000 260 0.0%
Tenet Healthcare Corp. 6.75% 06-15-2023 555,000 754 0.1%
Teva Pharmaceutical Industries Ltd. 2.80% 07-21-2023 381,000 438 0.1%
Teva Pharmaceutical Industries Ltd. ADR 20,928 219 0.0%
TFI International Inc. 60,000 2,505 0.4%
The AES Corp. 12,405 275 0.0%
The Pasha Group Term Loan B 1st Lien F/R 12-13-2022 62,722 84 0.0%
THL Credit Inc. 84,844 746 0.1%
Timbercreek Four Quadrant Global Real Estate Partners Class J 1,956,775 22,592 3.4%
TiVo Corp. 221,000 2,212 0.3%
Toto Ltd. 8,139 430 0.1%
TPG Specialty Lending Inc. 106,171 2,736 0.4%
TransAlta Corp. Pfd. Series A 60,279 656 0.1%
Travelport Finance Luxembourg Sarl Term Loan 1st Lien F/R 03-18-2026 190,000 244 0.0%
Trilogy International Partners LLC 8.88% 05-01-2022 Callable 2019 144A 180,000 230 0.0%
TriMark USA LLC Term Loan 1st Lien F/R 09-15-2024 498,731 565 0.1%
Trivium Packaging Finance BV 8.50% 08-15-2026 Callable 2022 144A 250,000 348 0.1%
Trulieve Cannabis Corp. 9.75% 06-18-2024 500,000 637 0.1%
Trulieve Cannabis Corp. Warrants Exp.06-18-2022 10,500 29 0.0%
Two Harbors Investment Corp. 43,080 766 0.1%
Uber Technologies Inc. 8.00% 11-01-2026 Callable 2021 144A 910,000 1,281 0.2%
Ultra Clean Holdings Inc. Term Loan B 1st Lien F/R 08-27-2025 152,429 197 0.0%
Ultra Resources Inc. 7.13% 04-15-2025 Callable 2020 144A 800,000 90 0.0%
Unimin Corp. Term Loan 1st Lien F/R 05-21-2025 738,338 833 0.1%
Union Pacific Corp. 7,162 1,702 0.3%
United Parcel Service Inc. (UPS) Class B 12,904 2,035 0.3%
United Utilities Group PLC 63,429 801 0.1%
Universal Health Services Inc. Class B 1,723 343 0.1%
US Renal Care Inc. Term Loan B 1st Lien F/R 06-14-2026 130,000 169 0.0%
USA Compression Partners LP 6.88% 09-01-2027 Callable 2022 120,000 167 0.0%
Vanguard Real Estate ETF 200,000 23,471 3.5%
Verizon Communications Inc. 68,414 4,992 0.7%
Vesta Energy Corp. 8.13% 07-24-2023 Callable 2020 144A 530,000 496 0.1%
Viad Corp. 32,092 2,929 0.4%
VistaJet Malta Finance PLC 10.50% 06-01-2024 Callable 2022 144A 500,000 657 0.1%
VRX Escrow Corp. 6.13% 04-15-2025 Callable 2020 144A 440,000 598 0.1%
Vulcan Materials Co. 2,479 453 0.1%
VVC Holding Corp. Term Loan B 1st Lien F/R 02-07-2026 169,575 225 0.0%
Vyaire Medical Inc. Term Loan B 1st Lien F/R 04-06-2025 49,500 61 0.0%
Warsaw Stock Exchange 80,000 1,060 0.2%
WEC Energy Group Inc. 5,761 650 0.1%
WellDyneDx Inc. Term Loan 1st Lien F/R 08-16-2022 101,629 134 0.0%
Werner FinCo LP Term Loan 1st Lien F/R 06-23-2024 97,977 126 0.0%
Western Asset Mortgage Capital Corp. 25,000 335 0.1%
Westshore Terminals Investment Corp. 3,956 82 0.0%
Williams Scotsman International Inc. 7.88% 12-15-2022 Callable 2019 144A 595,000 824 0.1%
Wynn Resorts Ltd. -40,000 -6,869 -1.0%
Xplornet Communications Inc. 9.63% 06-01-2022 Callable 2019 144A 447,838 606 0.1%
Yak Access LLC Term Loan B 1st Lien F/R 06-26-2025 137,375 169 0.0%
Yak Access LLC Term Loan B 2nd Lien F/R 06-29-2026 20,000 23 0.0%
YRC Worldwide Inc. Term Loan 1st Lien F/R 07-21-2022 208,332 272 0.0%
Zotec Partners LLC Term Loan 1st Lien F/R 02-09-2024 86,944 115 0.0%
Zynga Inc. Call Option @ $6.00 Exp. 08/16/2019 100 7 0.0%
Total Investments -- 603,952 88.2%
Cash & Equivalents -- 65,659 11.7%
Currency Hedge Contracts -- 1,129 0.2%
Other Assets (Liabilities) -- -464 -0.1%
Total Net Assets -- 670,276 100.0%

Asset Allocation (%) Help Holdings by region and sector

As of August 31, 2019
  • Regional Allocation
      United States
    EQ : 51.0% | FI : 5.9%
    56.9%
      Canada
    EQ : 13.0% | FI : 18.6%
    31.6%
      Other
    EQ : 1.5% | FI : 0.7%
    2.2%
      United Kingdom
    EQ : 1.4% | FI : 0.2%
    1.6%
      Poland
    EQ : 0.8%
    0.8%
      Zambia
    FI : 0.2%
    0.2%
      Cash & Equivalents 6.7%
  • Sector Allocation
      Exchange Traded Funds 43.5%
      Fixed Income 25.5%
      Financials 10.1%
      Cash & Equivalents 6.7%
      Materials 5.2%
      Utilities 2.6%
      Industrials 2.4%
      Communication Serv. 1.3%
      Real Estate 1.1%
      Information Technology 0.8%
      Consumer Discretionary 0.5%
      Other 0.3%
Credit Allocation (%)
AAA 0%
AA 1.9%
A 1.3%
BBB 3.2%
BB 3.3%
B 7.9%
CCC & Below 2.6%
NR 0.7%
Cash & Equivalents 10.6%
Equities 68.4%

Portfolio Managers

Matthew Cardillo, CFA

Vice President, Portfolio Manager

Mackenzie Systematic Strategies Team

Investment experience since 2000

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 MSCI World Index is a market capitalization weighted index that is designed to measure the equity market performance of developed markets. The BofA Merrill Lynch Global Broad Market (Hedged to CAD) Index tracks the performance of investment grade debt publicly issued in the major domestic and eurobond markets, including sovereign, quasi-government, corporate, securitized and collateralized securities. Foreign currency exposure is hedged back to the Canadian dollar.

†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.