Fund Portfolio – Mackenzie Floating Rate Income Fund Series A MFC4324 MFC7210 MFC4325 MFC4326 MFC7211 MFC4327 | Mackenzie Investments

Mackenzie Floating Rate Income Fund Series A

Asset Class: Global Fixed Income

Major Holdings (%) Help Top holdings by percentage

As of April 30, 2017
Major holdings represent 17.1% of the fund.
View all holdings
Total # of
Equity Holdings
8
Total # of
Fixed Income Holdings
192
Holding name, country and sector Percentage of holding in fund
Uber Technologies Inc. Term Loan B 1st Lien F/R 07-07-2023
United States | Bank Loans
2.4%
Kemet Corp Term Loan B 1st Lien
United States | Bank Loans
2.3%
Electrical Components International Inc. Term Loan B
United States | Bank Loans
2.2%
REP WWEX Acquisition Parent LLC Term Loan 1st Lien
United States | Bank Loans
1.6%
Innocor Inc. Term Loan 1st Lien F/R 02-02-2024
United States | Bank Loans
1.5%
Global Eagle Entertainment Inc. Term Loan 1st Lien
United States | Bank Loans
1.5%
Interior Logic Group Inc. Term Loan B 1st Lien
United States | Bank Loans
1.5%
MEG Energy Corp. Term Loan B 1st Lien F/R 12-31-2023
Canada | Bank Loans
1.4%
Hennessy Capital Acquisition Corp. II Term Loan 1st Lien
United States | Bank Loans
1.4%
CSM NV Term Loan B F/R 07-03-2020
United States | Bank Loans
1.3%

Complete Fund Holdings Help Full holdings list

As of February 28, 2017
Holding Name No. of Shares/Units Market Value CAD (000s) % of NAV
AGT Food and Ingredients Inc. 5.88% 12-21-2021 Callable 2018 1,080,000 1,112 0.2%
Albertson's LLC Term Loan B4 1st Lien F/R 08-22-2021 315,708 425 0.1%
Alliant Holdings Intermediate LLC Term Loan 1st Lien F/R 08-14-2022 2,049,700 2,749 0.6%
Alpha 3 BV Term Loan B1 1st Lien F/R 01-24-2024 1,600,000 2,143 0.4%
AltaGas Ltd. Pfd. Series K 63,050 1,578 0.3%
Amaya Holdings BV Term Loan 1st Lien F/R 08-01-2021 365,219 487 0.1%
American Axle & Manufacturing Inc. Bridge Loan 08-03-2017 Sr. Unsecured 3,110,000 0.0%
American Bath Group LLC Term Loan 1st Lien F/R 09-30-2023 3,187,547 4,277 0.9%
American Bath Group LLC Term Loan 1st Lien F/R 09-30-2023 Delayed Draw 192,453 258 0.1%
American Beacon Advisors Inc. Term Loan 2nd Lien F/R 04-30-2023 750,000 1,001 0.2%
American Dental Partners Inc. Term Loan 1st Lien F/R 08-29-2021 425,000 541 0.1%
ASP MSG Acquisition Co. Inc. Term Loan 1st Lien F/R 08-16-2023 877,800 1,177 0.2%
Bellatrix Exploration Ltd. 8.50% 05-15-2020 Callable 2017 144A 1,090,000 1,421 0.3%
BMC Software Inc. Term Loan B 1st Lien F/R 09-11-2020 365,072 488 0.1%
Brookfield Asset Management Inc. Pfd. Series 46 38,350 989 0.2%
Brookfield Renewable Partners LP Pfd. Series 11 69,630 1,729 0.4%
Camelot Finance LP Term Loan B 1st Lien F/R 09-15-2023 4,757,950 6,404 1.3%
Camelot Finance SA 7.88% 10-15-2024 Callable 2019 144A 770,000 1,091 0.2%
Canada Housing Trust No. 1 1.08% 09-15-2021 4,900,000 4,914 1.0%
CareCentrix Inc. Term Loan B 1st Lien F/R 07-08-2021 4,214,932 5,585 1.2%
Casablanca US Holdings Inc. Term Loan 1st Lien F/R 02-21-2024 3,400,000 4,460 0.9%
CenturyLink Inc. Bridge Loan 01-31-2018 1L Sr. Secured 3,480,000 0.0%
Charter Communications Operating LLC Term Loan I 1st Lien F/R 01-15-2024 2,371,962 3,171 0.7%
CHS/Community Health Systems Inc. Term Loan H 1st Lien F/R 01-27-2021 353,996 463 0.1%
Cision AB Term Loan B 1st Lien F/R 06-16-2023 3,084,250 4,129 0.9%
Commonwealth of Bahamas 5.75% 01-16-2024 620,000 822 0.2%
Communications Sales & Leasing Inc. Term Loan B 1st Lien F/R 10-24-2022 3,712,931 4,952 1.0%
Community Health Systems Inc. 7.13% 07-15-2020 Callable 670,000 838 0.2%
Computer Sciences Government Services Inc. Term Loan B 1st Lien F/R 11-28-2022 229,348 309 0.1%
Conn's Inc. 7.25% 07-15-2022 Callable 2017 1,070,000 1,247 0.3%
Constellation Brands Canada Inc. Term Loan B 1st Lien F/R 11-15-2023 2,710,000 3,648 0.8%
ConvergeOne Holdings Corp. Term Loan 1st Lien F/R 06-16-2020 1,565,985 2,080 0.4%
Crew Energy Inc. 6.50% 03-14-2024 Callable 950,000 957 0.2%
CSM Bakery Solutions LLC Term Loan 2nd Lien F/R 05-23-2021 2,320,000 2,623 0.5%
CSM NV Term Loan B F/R 07-03-2020 3,914,465 4,866 1.0%
CSP Technologies North America LLC Term Loan 1st Lien F/R 02-02-2022 2,839,511 3,838 0.8%
CTI Foods Holding Co. LLC Term Loan 1st Lien F/R 06-14-2020 280,545 367 0.1%
CTI Foods Holding Co. LLC Term Loan 2nd Lien F/R 06-14-2021 300,000 363 0.1%
CVR Partners LP 9.25% 06-15-2023 Callable 2019 144A 880,000 1,252 0.3%
DBRS Ltd. Term Loan 1st Lien F/R 02-25-2022 2,053,351 2,625 0.5%
Dell International LLC Term Loan 1st Lien F/R 09-07-2023 6,236,750 8,349 1.8%
DHX Media Ltd. 5.875% 12-02-2021 Callable 2017 820,000 828 0.2%
Diebold Inc. 8.50% 04-15-2024 Series WI 620,000 908 0.2%
Drive DeVilbiss Healthcare Ltd. Term Loan 1st Lien F/R 12-21-2022 4,580,000 5,722 1.2%
Dynamic Energy Services International LLC Term Loan B 1st Lien F/R 03-05-2018 2,525,000 1,761 0.4%
Enbridge Inc. 4.00% Cum. Red. Pfd. Series B 40,820 737 0.2%
Energy Solutions LLC Term Loan B 1st Lien F/R 05-06-2020 3,295,135 4,432 0.9%
Fairmount Santrol Holdings Inc. Term Loan B2 1st Lien F/R 09-05-2019 4,431,378 5,806 1.2%
Flex Acquisition Co. Inc. 6.88% Callable 2020 144A 540,000 733 0.2%
Flex Acquisition Co. Inc. Term Loan 1st Lien F/R 12-16-2023 3,460,000 4,638 1.0%
Floor & Decor Outlets of America Inc. Term Loan 1st Lien F/R 09-30-2024 2,204,475 2,939 0.6%
FR Dixie Acquisition Corp. Term Loan B 1st Lien F/R 01-23-2021 3,889,504 3,617 0.7%
Frontier Communications Corp. 6.25% 09-15-2021 Callable 2021 750,000 956 0.2%
Frontier Communications Corp. 6.875% 01-15-2025 Callable 2024 1,180,000 1,325 0.3%
Frontier Communications Corp. 8.75% 04-15-2022 1,310,000 1,749 0.4%
G-III Apparel Group Ltd. Term Loan B 1st Lien F/R 10-05-2022 2,988,571 3,945 0.8%
Garda World Security Corp. 7.25% 11-15-2021 Callable 144A 700,000 892 0.2%
Garda World Security Corp. Term Loan B 1st Lien F/R 11-01-2020 4,387,386 4,212 0.9%
Gates Global LLC Term Loan 1st Lien F/R 07-03-2021 2,805,157 3,735 0.8%
Gateway Casinos & Entertainment Ltd. 8.25% 03-01-2024 Callable 2020 144A 1,220,000 1,649 0.3%
Gateway Casinos & Entertainment Ltd. Term Loan B1 1st Lien F/R 02-14-2023 810,000 1,087 0.2%
Gavilan Resources LLC Term Loan 2nd Lien F/R 02-23-2024 2,750,000 3,598 0.7%
Global Eagle Entertainment Inc. Term Loan 1st Lien F/R 12-22-2022 6,325,000 8,087 1.7%
Go Daddy Operating Co. LLC Delayed Draw Term Loan 1st Lien F/R 02-06-2024 775,976 1,034 0.2%
Go Daddy Operating Co. LLC Term Loan B 1st Lien F/R 02-06-2024 584,024 778 0.2%
Great Canadian Gaming Corp. 6.625% 07-25-2022 Callable 2017 144A 1,090,000 1,144 0.2%
GST AutoLeather Inc. Term Loan B 1st Lien F/R 07-11-2020 2,153,171 2,796 0.6%
Hardwoods Acquisition Inc. 7.50% 08-01-2021 Callable 2017 144A 180,000 214 0.0%
Hennessy Capital Acquisition Corp. II Delayed Draw Term Loan 1st Lien F/R 02-03-2024 2,117,143 2,840 0.6%
Hennessy Capital Acquisition Corp. II Term Loan 1st Lien F/R 02-03-2024 5,292,857 7,101 1.5%
Highland Acquisition Holdings LLC Term Loan B 1st Lien F/R 11-23-2023 4,515,000 5,888 1.2%
Hyperion Insurance Group Ltd. Term Loan B 1st Lien F/R 04-29-2022 5,223,851 6,988 1.4%
Imagine! Print Solutions Inc. Term Loan B 1st Lien F/R 03-16-2022 2,317,071 3,116 0.6%
Inception Merger Sub Inc. 8.63% 11-15-2024 Callable 2019 144A 1,210,000 1,696 0.4%
Innocor Inc. Term Loan 1st Lien F/R 02-02-2024 5,970,000 7,945 1.6%
Innocor Inc. Term Loan 2nd Lien F/R 02-02-2025 1,640,000 2,108 0.4%
Integro Ltd. United States Term Loan B1 1st Lien F/R 11-02-2022 4,606,596 6,134 1.3%
Intelsat Connect Finance SA 12.50% 04-01-2022 218,000 252 0.1%
Intelsat Jackson Holdings SA 7.25% 04-01-2019 Callable 330,000 419 0.1%
Intelsat Jackson Holdings SA Term Loan B2 1st Lien F/R 06-30-2019 400,000 527 0.1%
Intelsat Luxembourg SA 7.75% 06-01-2021 162,000 121 0.0%
International Equipment Solutions LLC Term Loan B 1st Lien F/R 07-25-2019 4,724,028 5,859 1.2%
Invenergy Thermal Operating I LLC Term Loan B 1st Lien F/R 10-09-2022 2,996,072 3,860 0.8%
iQor US Inc. Term Loan 2nd Lien F/R 04-01-2022 2,600,000 3,057 0.6%
iQor US Inc. Term Loan B 1st Lien F/R 04-01-2021 5,032,144 6,495 1.3%
JBS USA Lux SA Term Loan B 1st Lien F/R 10-30-2022 8,060,000 10,755 2.2%
Kindred Healthcare Inc. 8.00% 01-15-2020 Callable 710,000 952 0.2%
L Brands Inc. 6.95% 03-01-2033 330,000 421 0.1%
Lanai Holdings III Inc. Term Loan B 1st Lien F/R 08-14-2022 931,792 1,245 0.3%
Lannett Co. Inc. Term Loan B 1st Lien F/R 11-25-2022 3,170,276 4,185 0.9%
Lantheus Medical Imaging Inc. Term Loan B 1st Lien F/R 06-30-2022 3,667,412 4,877 1.0%
LD Intermediate Holdings Inc. Term Loan B 1st Lien F/R 12-08-2022 2,910,000 3,711 0.8%
Lee Enterprises Inc. 9.50% 03-15-2022 Callable 2018 144A 400,000 559 0.1%
Lionbridge Technologies Inc. Term Loan 1st Lien F/R 02-06-2024 3,140,000 4,180 0.9%
Lions Gate Entertainment Corp. Term Loan B 1st Lien F/R 10-12-2023 2,044,000 2,738 0.6%
Livingston International Inc. Term Loan 2nd Lien F/R 04-18-2020 1,516,205 1,881 0.4%
Livingston International Inc. Term Loan B2 1st Lien F/R 04-18-2019 1,972,390 1,884 0.4%
Manulife Bank of Canada F/R 06-01-2018 2,500,000 2,510 0.5%
Mattamy Group Corp. 6.50% 11-15-2020 Callable 144A 350,000 480 0.1%
McGraw-Hill Global Education Holdings LLC 7.875% 05-15-2024 Series 144A Callable 300,000 391 0.1%
MEG Energy Corp. Term Loan B 1st Lien F/R 12-31-2023 5,590,000 7,477 1.5%
Mexican Bonos 5.00% 12-11-2019 55,800,000 3,513 0.7%
Micron Technology Inc. Term Loan B 1st Lien F/R 04-26-2022 1,205,521 1,626 0.3%
Mission Broadcasting Inc. Term Loan B 1st Lien F/R 01-17-2024 110,516 149 0.0%
MWI Holdings Inc./Illinois Term Loan 1st Lien F/R 06-23-2020 1,168,464 1,566 0.3%
New Arclin US Holding Corp. Term Loan 1st Lien F/R 02-08-2024 3,420,000 4,604 1.0%
Nexstar Broadcasting Group Inc. Term loan B 1st lien F/R 09-22-2023 1,163,756 1,565 0.3%
Nielsen Finance LLC Term Loan B3 1st Lien F/R 09-28-2023 698,250 939 0.2%
Novitex Acquisition LLC Term Loan 1st Lien F/R 07-01-2020 2,448,448 3,228 0.7%
Novitex Acquisition LLC Term Loan 2nd Lien F/R 07-01-2021 2,715,000 3,408 0.7%
Numericable-SFR 6.00% 05-15-2022 Callable 2017 144A 980,000 1,355 0.3%
Numericable-SFR SA 7.375% 05-01-2026 Callable 2021 144A 850,000 1,170 0.2%
NWH Escrow Corp. 7.50% 08-01-2021 Callable 2017 144A 630,000 736 0.2%
Oxbow Carbon & Minerals LLC Term Loan B 2nd Lien F/R 01-19-2020 2,700,000 3,604 0.7%
Paradigm Acquisition Corp. Term Loan 1st Lien F/R 06-02-2022 2,496,109 3,321 0.7%
Parfums de Coeur Ltd. Term Loan 1st Lien F/R 06-30-2022 299,272 398 0.1%
Parkland Fuel Corp. 5.75% 09-16-2024 Callable 2019 730,000 759 0.2%
Parkland Fuel Corp. 6.00% 11-21-2022 Callable 2017 850,000 897 0.2%
Pattern Energy Group Inc. 5.88% 02-01-2024 Callable 2020 144A 280,000 382 0.1%
PBF Holding Co 7.00% 11-15-2023 1,530,000 2,046 0.4%
Petco Animal Supplies Inc. Tern Loan B1 1st Lien F/R 01-26-2023 364,320 467 0.1%
PetSmart Inc. 7.125% 03-15-2023 Callable 2018 144A 420,000 549 0.1%
Plaskolite Inc. Term Loan 1st Lien F/R 11-03-2022 1,889,341 2,541 0.5%
Polycom Inc. Term Loan 1st Lien F/R 09-27-2023 3,046,512 4,078 0.8%
Power Products LLC Term Loan 1st Lien F/R 01-31-2023 4,240,000 5,692 1.2%
Presidio Inc. Term Loan 1st Lien F/R 02-02-2022 1,771,073 2,374 0.5%
Primeline Utility Services LLC Term Loan B 1st Lien F/R 11-12-2022 Preliminary 3,203,698 4,288 0.9%
Propulsion Acquisition LLC Term Loan 1st Lien F/R 06-18-2021 3,456,250 4,568 0.9%
Prospect Medical Holdings Inc. Term Loan B 1st Lien F/R 06-30-2022 3,950,517 5,248 1.1%
Province of Ontario F/R 03-16-2021 1,350,000 1,361 0.3%
Province of Ontario F/R 10-27-2021 4,900,000 4,895 1.0%
Q Holding Co. Term Loan B 1st Lien F/R 12-18-2021 4,905,449 6,589 1.4%
QCP SNF West 8.13% 11-01-2023 Callable 2019 144A 1,250,000 1,703 0.4%
Quad Graphics Inc. 7.00% 05-01-2022 560,000 744 0.2%
Quicken Loans Inc. 5.75% 05-01-2025 Callable 2020 144A 440,000 576 0.1%
Quintiles IMS Inc. 3.25% 03-15-2025 Callable 2020 330,000 466 0.1%
Ramundsen Holdings LLC (SunGard Puclic Sector) Term Loan 1st Lien F/R 02-01-2024 630,000 847 0.2%
Redbox Automated Retail LLC Term Loan 1st Lien F/R 09-26-2021 1,029,000 1,365 0.3%
Renfro Corp. Term Loan B 1st Lien F/R 01-30-2019 2,294,432 2,789 0.6%
REP WWEX Acquisition Parent LLC Term Loan 1st Lien F/R 02-02-2024 5,970,000 8,020 1.7%
Resolute Forest Products Inc. 5.875% 05-15-2023 1,020,000 1,162 0.2%
Riverbed Technology Inc. Term Loan 1st Lien F/R 04-27-2022 368,000 493 0.1%
Sage Automotive Holdings Inc. Term Loan 1st Lien F/R 10-27-2022 3,515,000 4,698 1.0%
Scientific Games International Inc. Term Loan B3 1st Lien F/R 10-01-2021 286,756 387 0.1%
Seahawk Holding Cayman Ltd. Term Loan 1st Lien F/R 11-01-2022 2,109,713 2,851 0.6%
Select Medical Corp. Term Loan B 1st Lien F/R 02-09-2024 4,190,000 5,592 1.2%
Silversea Cruise Finance Ltd. 7.25% 02-01-2025 Callable 2020 144A 1,160,000 1,604 0.3%
Solenis International LP Term Loan 2nd Lien F/R 07-31-2022 1,890,000 2,492 0.5%
Solera Holdings Inc. Term Loan B 1st Lien F/R 03-04-2023 225,000 301 0.1%
Source Energy Services Canada LP 10.50% 12-15-2021 Callable 2018 144A 2,000,000 2,470 0.5%
SourceHOV LLC Term Loan B 1st Lien F/R 10-29-2019 5,100,000 6,715 1.4%
St. George's University Scholastic Services Term Loan 1L F/R 07-06-2022 1,000,000 1,342 0.3%
Star West Generation LLC Term Loan B 1st Lien F/R 03-13-2020 3,820,603 4,644 1.0%
Superior Plus LP 5.25% 02-27-2024 Callable 2020 660,000 672 0.1%
Sybil Software LLC Term Loan B 1st lien F/R 08-03-2022 2,478,625 3,337 0.7%
Symantec Corp. 5.00% 04-15-2025 Callable 2020 144A 320,000 437 0.1%
Team Health Holdings Inc. Term Loan B 1st Lien F/R 02-06-2024 3,845,000 5,099 1.1%
Tembec Industries Inc. 9.00% 12-15-2019 Callable 144A 1,390,000 1,908 0.4%
Tenet Healthcare Corp. 6.75% 06-15-2023 1,020,000 1,342 0.3%
Tennessee Merger Sub Inc. 6.38% 02-01-2025 Callable 2020 144A 360,000 476 0.1%
Tensar International Corp. Term Loan 2nd Lien F/R 07-09-2022 820,000 847 0.2%
Terex Corp. Term Loan 1st Lien F/R 01-27-2024 600,000 802 0.2%
The Men's Wearhouse Inc. 7.00% 07-01-2022 Callable 2017 345,000 435 0.1%
The Neiman Marcus Group Inc. Term Loan F/R 10-25-2020 364,245 392 0.1%
Toys R Us Property Co. I LLC Term Loan B F/R 08-21-2019 1,052,263 1,356 0.3%
TransAlta Corp. 5.00% 11-25-2020 650,000 683 0.1%
TransAlta Corp. Pfd. Series A 58,120 762 0.2%
TransCanada Corp. 4.00% Pfd. Series 7 6,392 141 0.0%
TransCanada Corp. Pfd. Series 15 96,849 2,492 0.5%
Travel Leaders Group LLC Term Loan B 1st Lien F/R 01-19-2024 3,430,000 4,619 1.0%
Tribune Media Co. Term Loan B 1st Lien F/R 12-27-2020 115,785 155 0.0%
TricorBraun Inc. (KRAIND) Delayed Draw Term loan 1st Lien F/R 11-28-2023 420,909 566 0.1%
TricorBraun Inc. (KRAIND) Term Loan 1st Lien F/R 11-28-2023 4,209,091 5,663 1.2%
U.S. Renal Care Inc. Term Loan 1st Lien F/R 12-31-2022 365,233 449 0.1%
Uber Technologies Inc. Term Loan B 1st Lien F/R 07-07-2023 7,612,500 10,184 2.1%
US Farathane LLC Term Loan B 1st Lien F/R 12-23-2021 354,200 470 0.1%
US LBM Holdings LLC Term Loan 1st Lien F/R 08-20-2022 4,948,393 6,595 1.4%
Valeant Pharmaceuticals International Inc. 5.625% 12-01-2021 Callable 144A 559,000 630 0.1%
VCVH Holding Corp. Term Loan 1st Lien F/R 05-10-2023 3,039,725 4,040 0.8%
Verdesian Life Sciences LLC Term Loan 1st Lien F/R 06-25-2020 3,271,965 3,803 0.8%
Videotron Ltee 5.625% 06-15-2025 Callable 2025 21,000 22 0.0%
VRX Escrow Corp. 5.875% 05-15-2023 Callable 2018 144A 630,000 686 0.1%
Wajax Corp. 6.125% 10-23-2020 Callable 2017 1,750,000 1,810 0.4%
WellDyneDx Inc. Term Loan 1st Lien F/R 10-12-2023 2,890,000 3,705 0.8%
Westcoast Energy Inc. 5.20% Cum. Red. First Pfd. Series 12 14,700 383 0.1%
Western Refining Inc. Term Loan B2 1st Lien F/R 05-27-2023 3,464,250 4,628 1.0%
Windstream Services LLC Term Loan 1st Lien F/R 03-18-2021 1,052,500 1,416 0.3%
Winnebago Industries Inc. Term Loan B 1st Lien F/R 11-08-2023 2,145,000 2,892 0.6%
Xerox Business Services LLC Term Loan B 1st Lien F/R 11-18-2023 3,430,000 4,640 1.0%
Total Investments -- 479,416 100.1%
Cash & Equivalents -- 42,539 7.9%
Currency Hedge Contracts -- -256 -0.1%
Other Assets (Liabilities) -- -38,385 -7.9%
Total Net Assets -- 483,314 100.0%

Asset Allocation (%) Help Holdings by region and sector

As of April 30, 2017
  • Regional Allocation
      United States
    87.3%
      Canada
    9.3%
      Luxembourg
    1.7%
      Netherlands
    1.0%
      Cayman Islands
    0.8%
      Sweden
    0.8%
      Mexico
    0.7%
      Other
    0.7%
      France
    0.5%
      Bahamas
    0.5%
      Cash & Equivalents -3.3%
  • Sector Allocation
      Bank Loans 88.8%
      Corporate Bonds 11.7%
      Equities 1.6%
      Foreign Fixed Income 0.9%
      Provincial Bonds 0.3%
      Cash & Equivalents -3.3%
Credit Allocation (%)
AAA 0%
AA 0.3%
A 0.7%
BBB 2.9%
BB 17.2%
B 59.1%
C 8.6%
NR 13%
Cash & Equivalents -3.3%
Equities 1.6%

Other Global Fixed Income Funds

Portfolio Managers

Steve Locke, MBA, CFA

Senior Vice President, Portfolio Manager, Head of Team

Mackenzie Fixed Income Team

Investment experience since 1995

Movin Mokbel, MBA, CFA

Vice President, Portfolio Manager

Mackenzie Fixed Income Team

Investment experience since 2000

Felix Wong, MBA, CFA

Vice President, Portfolio Manager

Mackenzie Fixed Income Team

Investment experience since 1988

Dan Cooper, CFA

Vice President, Portfolio Manager

Mackenzie Fixed Income Team

Investment experience since 2003

You can no longer purchase this fund under the US dollar settlement option.

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 S&P/LSTA Leveraged Loan Index (Hedged to CAD) is a broad index designed to reflect the performance of U.S. dollar facilities in the leverage loan market. The foreign currency exposure of the Index 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 Standard & Poor’s or DBRS (or equivalent ratings issued by other approved credit rating organizations).