Fund Portfolio – Mackenzie Global Tactical Bond Fund Series A MFC4710 MFC7227 MFC4711 | Mackenzie Investments

Mackenzie Global Tactical Bond Fund Series A

Asset Class: Global Fixed Income

Major Holdings (%) Help Top holdings by percentage

As of May 31, 2017
Major holdings represent 29.1% of the fund.
View all holdings
Total # of
Equity Holdings
8
Total # of
Fixed Income Holdings
241
Holding name, country and sector Percentage of holding in fund
Mackenzie Global High Yield Fixed Income ETF
Canada | Index Participation Units
5.7%
Government of Ireland 1.00% 05-15-2026
Ireland | Foreign Governments
4.9%
United States Treasury 2.25% 02-15-2027
United States | Foreign Governments
3.1%
Realkredit Danmark AS 1.00% 04-01-2021
Denmark | Corporate - Non Convertible
2.6%
Government of Mexico 10.00% 12-05-2024
Mexico | Foreign Governments
2.5%
Nykredit Realkredit AS 1.00% 01-01-2021
Denmark | Corporate - Non Convertible
2.2%
Realkredit Danmark AS 1.00% 04-01-2022
Denmark | Corporate - Non Convertible
2.2%
Commonwealth of Bahamas 6.95% 11-20-2029
Bahamas | Foreign Governments
2.0%
United States Treasury 2.13% 02-29-2024
United States | Foreign Governments
2.0%
International Finance Corp. 6.30% 11-25-2024
United States | Supra - National
1.9%

Complete Fund Holdings Help Full holdings list

As of February 28, 2017
Holding Name No. of Shares/Units Market Value CAD (000s) % of NAV
407 International Inc. 2.43% 05-04-2027 Callable MTN 760,000 748 0.2%
407 International Inc. 3.60% 05-21-2047 Callable 540,000 526 0.2%
African Development Bank F/R 02-24-2019 4,000,000 590 0.2%
Algonquin Power & Utilities Corp. 4.09% 02-17-2027 Callable 980,000 1,011 0.3%
Algonquin Power & Utilities Corp. 4.65% 02-15-2022 1,100,000 1,203 0.4%
Alimentation Couche-Tard Inc. 3.32% 11-01-2019 Callable 1,300,000 1,357 0.4%
Allied Properties REIT 3.93% 11-14-2022 Series B 404,000 420 0.1%
AltaGas Ltd. Pfd. Series K 45,630 1,142 0.3%
Altalink LP 3.72% 12-03-2046 Callable Series MTN 764,000 760 0.2%
American Axle & Manufacturing Inc. Bridge Loan 08-03-2017 Sr. Unsecured 1,180,000 0.0%
American Beacon Advisors Inc. Term Loan 2nd Lien F/R 04-30-2023 200,000 267 0.1%
Anheuser-Busch InBev Finance Inc. 2.65% 02-01-2021 Callable 2021 2,900,000 3,896 1.2%
Anheuser-Busch InBev Finance Inc. 3.30% 02-01-2023 Callable 2022 610,000 828 0.2%
APT Pipelines Ltd. 4.20% 03-23-2025 Callable 2024 144A 330,000 446 0.1%
ASP MSG Acquisition Co. Inc. Term Loan 1st Lien F/R 08-16-2023 209,475 281 0.1%
AT&T Inc. 2.30% 03-11-2019 500,000 669 0.2%
Australia and New Zealand Banking Group Ltd. 2.00% 11-16-2018 500,000 667 0.2%
Aviva PLC 4.50% 05-10-2021 370,000 397 0.1%
Bank of Montreal 1.61% 10-28-2021 DPNT 760,000 754 0.2%
Bank of Montreal 1.80% 07-31-2018 400,000 531 0.2%
Bank of Montreal 3.32% 06-01-2026 640,000 662 0.2%
Bellatrix Exploration Ltd. 8.50% 05-15-2020 Callable 2017 144A 180,000 235 0.1%
BK Nederlandse Gemeenten NV 2.125% 02-13-2019 5,500,000 841 0.3%
Brookfield Asset Management Inc. Pfd. Series 46 27,948 721 0.2%
Brookfield Renewable Energy Partners ULC 3.63% 01-15-2027 Callable 2026 620,000 630 0.2%
Brookfield Renewable Energy Partners ULC 3.752% 06-02-2025 Callable 2025 200,000 208 0.1%
Brookfield Renewable Partners LP Pfd. Series 11 51,350 1,275 0.4%
Brookfield Residential Properties Inc. 6.375% 05-15-2025 Callable 2020 144A 130,000 177 0.1%
Bruce Power L.P. 3.0% 06-21-2024 Callable 2024 Series:17-1 290,000 294 0.1%
Bruce Power LP 2.84% 06-23-2021 880,000 905 0.3%
Bruce Power LP 3.97% 06-23-2026 260,000 275 0.1%
Camelot Finance LP Term Loan B 1st Lien F/R 09-15-2023 448,875 604 0.2%
Camelot Finance SA 7.88% 10-15-2024 Callable 2019 144A 320,000 453 0.1%
Canadian Credit Card Trust II 1.829% 03-24-2020 280,000 282 0.1%
Canadian Imperial Bank of Commerce 1.55% 01-23-2018 Callable 2017 250,000 331 0.1%
Canadian Imperial Bank of Commerce 1.90% 04-26-2021 DPNT 670,000 676 0.2%
Canadian Imperial Bank of Commerce 3.42% 01-26-2026 Callable 2021 80,000 83 0.0%
Canadian National Railway Co. 2.85% 12-15-2021 Callable 2021 250,000 339 0.1%
CareCentrix Inc. Term Loan B 1st Lien F/R 07-08-2021 740,625 981 0.3%
Casablanca US Holdings Inc. Term Loan 1st Lien F/R 02-21-2024 240,000 315 0.1%
CenturyLink Inc. Bridge Loan 01-31-2018 1L Sr. Secured 1,230,000 0.0%
Cision AB Term Loan B 1st Lien F/R 06-16-2023 248,750 333 0.1%
City of Oslo 2.35% 09-04-2024 26,000,000 4,136 1.2%
Coca-Cola FEMSA SAB de CV 2.375% 11-26-2018 2,000,000 2,679 0.8%
Cominar Real Estate Investment Trust 4.25% 05-23-2023 340,000 349 0.1%
Commonwealth of Bahamas 5.75% 01-16-2024 2,120,000 2,812 0.8%
Commonwealth of Bahamas 6.95% 11-20-2029 4,225,000 5,897 1.8%
Commonwealth of Bahamas 7.125% 04-02-2038 500,000 703 0.2%
Communications Sales & Leasing Inc. Term Loan B 1st Lien F/R 10-24-2022 615,956 822 0.2%
ConvergeOne Holdings Corp. Term Loan 1st Lien F/R 06-16-2020 159,591 212 0.1%
Corporacion Andina de Fomento 1.50% 08-08-2017 250,000 332 0.1%
Corporacion Andina de Fomento 2.00% 05-10-2019 500,000 664 0.2%
CSM Bakery Solutions LLC Term Loan 2nd Lien F/R 05-23-2021 90,000 102 0.0%
CSM NV Term Loan B F/R 07-03-2020 307,972 383 0.1%
CSP Technologies North America LLC Term Loan 1st Lien F/R 02-02-2022 585,597 791 0.2%
Currency Call Option AUD/NZD 04-26-2017 Strike 1.075 28,100,000 183 0.1%
Currency Call Option EUR/CAD 05-11-2017 Strike 1.45 19,500,000 162 0.0%
Daimler Canada Finance Inc. 2.23% 12-16-2021 Series EMTN 770,000 778 0.2%
Danske Bank AS 2.80% 03-10-2021 144A 500,000 672 0.2%
Danske Bank AS F/R 05-22-2020 4,500,000 671 0.2%
DBRS Ltd. Term Loan 1st Lien F/R 02-25-2022 541,479 692 0.2%
DHX Media Ltd. 5.875% 12-02-2021 Callable 2017 290,000 293 0.1%
Diamond 1 Finance Corp. 4.42% 06-15-2021 Callable 2021 144A 70,000 98 0.0%
Diamond 1 Finance Corp. 5.45% 06-15-2023 Callable 2023 144A 150,000 215 0.1%
Diamond 1 Finance Corp. 6.02% 06-15-2026 Callable 2026 144A 150,000 220 0.1%
Drive DeVilbiss Healthcare Ltd. Term Loan 1st Lien F/R 12-21-2022 370,000 462 0.1%
Enbridge Inc. 4.00% 10-01-2023 Callable 2023 250,000 343 0.1%
Enbridge Inc. 4.00% Cum. Red. Pfd. Series B 27,940 505 0.2%
EnerCare Solutions Inc. 3.38% 02-21-2022 Callable 2022 750,000 762 0.2%
EnerCare Solutions Inc. 3.99% 02-21-2024 Callable 2023 750,000 768 0.2%
Energy Solutions LLC Term Loan B 1st Lien F/R 05-06-2020 564,256 759 0.2%
Fairfax Financial Holdings Ltd. 4.50% 03-22-2023 1,300,000 1,379 0.4%
Fairfax Financial Holdings Ltd. 4.70% 12-16-2026 Callable 2026 850,000 897 0.3%
Fairmount Santrol Holdings Inc. Term Loan B2 1st Lien F/R 09-05-2019 843,924 1,106 0.3%
Federative Republic of Brazil 10.00% 01-01-2023 1,425,000 6,046 1.8%
Flex Acquisition Co. Inc. 6.88% Callable 2020 144A 250,000 340 0.1%
Floor & Decor Outlets of America Inc. Term Loan 1st Lien F/R 09-30-2024 199,500 266 0.1%
Fortified Trust 1.67% 07-23-2021 790,000 787 0.2%
Fortis Inc. 2.85% 12-12-2023 Callable 2023 580,000 590 0.2%
Frontier Communications Corp. 6.25% 09-15-2021 Callable 2021 290,000 370 0.1%
Frontier Communications Corp. 6.875% 01-15-2025 Callable 2024 660,000 741 0.2%
Futures Contracts -232 -0.1%
Gaz Metro Inc. 1.52% 05-25-2020 280,000 280 0.1%
General Electric Capital Corp. F/R 07-30-2019 16,000,000 2,381 0.7%
General Electric Co. 8.35% 09-03-2022 19,000,000 1,272 0.4%
General Electric Co. F/R 01-16-2018 8,000,000 1,182 0.4%
General Motors Financial Co. Inc. 2.40% 05-09-2019 Callable 2019 500,000 669 0.2%
Genesis Trust II 1.699% 04-15-2020 430,000 433 0.1%
Gibson Energy Inc. 7.00% 07-15-2020 Callable 290,000 303 0.1%
Global Eagle Entertainment Inc. Term Loan 1st Lien F/R 12-22-2022 650,000 831 0.2%
Globo Comunicacao e Participacoes SA 5.307% 05-11-2022 144A 125,000 167 0.0%
Go Daddy Operating Co. LLC Delayed Draw Term Loan 1st Lien F/R 02-06-2024 142,643 190 0.1%
Go Daddy Operating Co. LLC Term Loan B 1st Lien F/R 02-06-2024 107,357 143 0.0%
Goldman Sachs Group Inc. 6.15% 04-01-2018 1,600,000 2,227 0.7%
Government of Bermuda 4.138% 01-03-2023 2,300,000 3,144 0.9%
Government of Bermuda 4.854% 02-06-2024 2,680,000 3,753 1.1%
Government of Canada 1.25% 12-01-2047 Real Return 2,725,000 3,349 1.0%
Government of Canada 2.75% 12-01-2048 260,000 284 0.1%
Government of Canada 3.50% 12-01-2045 240,000 296 0.1%
Government of Chile 5.50% 08-05-2020 2,638,000,000 5,684 1.7%
Government of France 0.50% 05-25-2025 5,700,000 7,963 2.4%
Government of France 0.50% 05-25-2026 7,400,000 10,138 3.0%
Government of Ireland 1.00% 05-15-2026 3,625,000 5,157 1.5%
Government of Ireland 2.00% 02-18-2045 1,800,000 2,546 0.8%
Government of Mexico 10.00% 12-05-2024 100,000,000 7,674 2.3%
Government of Morocco 4.50% 10-05-2020 425,000 667 0.2%
Government of Netherlands 0.50% 07-15-2026 3,159,000 4,520 1.3%
Government of Poland 2.50% 07-25-2018 1,500,000 494 0.1%
Government of Poland 3.25% 07-25-2025 31,200,000 9,943 3.0%
Government of Poland 4.00% 10-25-2023 6,500,000 2,204 0.7%
Government of Portugal 5.125% 10-15-2024 2,830,000 3,651 1.1%
Government of Romania 2.875% 10-28-2024 1,810,000 2,747 0.8%
Government of Romania 3.625% 04-24-2024 750,000 1,195 0.4%
Great Canadian Gaming Corp. 6.625% 07-25-2022 Callable 2017 144A 150,000 157 0.0%
GST AutoLeather Inc. Term Loan B 1st Lien F/R 07-11-2020 461,786 600 0.2%
Guanay Finance Ltd. 6.00% 12-15-2020 144A 452,697 618 0.2%
H&R Real Estate Investment Trust 2.92% 05-06-2022 670,000 674 0.2%
Hardwoods Acquisition Inc. 7.50% 08-01-2021 Callable 2017 144A 60,000 71 0.0%
Hennessy Capital Acquisition Corp. II Delayed Draw Term Loan 1st Lien F/R 02-03-2024 160,000 215 0.1%
Hennessy Capital Acquisition Corp. II Term Loan 1st Lien F/R 02-03-2024 400,000 537 0.2%
Highland Acquisition Holdings LLC Term Loan B 1st Lien F/R 11-23-2023 1,500,000 1,956 0.6%
HSBC Holdings PLC 3.20% 12-05-2023 1,160,000 1,182 0.4%
Hungary Government International Bond 5.00% 05-09-2017 125,000 208 0.1%
Hydro One Inc. 3.72% 11-18-2047 340,000 338 0.1%
Hyperion Insurance Group Ltd. Term Loan B 1st Lien F/R 04-29-2022 997,462 1,334 0.4%
Inception Merger Sub Inc. 8.63% 11-15-2024 Callable 2019 144A 780,000 1,093 0.3%
Innocor Inc. Term Loan 1st Lien F/R 02-02-2024 450,000 599 0.2%
Integro Ltd. United States Term Loan B1 1st Lien F/R 11-02-2022 276,272 368 0.1%
Intelsat Connect Finance SA 12.50% 04-01-2022 54,000 62 0.0%
Intelsat Jackson Holdings SA 7.25% 04-01-2019 Callable 80,000 102 0.0%
Intelsat Jackson Holdings SA Term Loan B2 1st Lien F/R 06-30-2019 100,000 132 0.0%
Intelsat Luxembourg SA 7.75% 06-01-2021 41,000 31 0.0%
Inter Pipeline Ltd. 3.48% 12-16-2026 Callable 2026 340,000 349 0.1%
International Equipment Solutions LLC Term Loan B 1st Lien F/R 07-25-2019 322,264 400 0.1%
International Finance Corp. 6.30% 11-25-2024 175,000,000 3,493 1.0%
Invenergy Thermal Operating I LLC Term Loan B 1st Lien F/R 10-09-2022 309,272 398 0.1%
iQor US Inc. Term Loan B 1st Lien F/R 04-01-2021 541,078 698 0.2%
iShares iBoxx $ High Yield Corporate Bond ETF Put Option @ $81.00 Exp. 09-15-2017 980 124 0.0%
iShares iBoxx $ High Yield Corporate Bond ETF Put Option @ $85.00 Exp. 05-19-2017 980 77 0.0%
Italy Buoni Poliennali Del Tesoro 0.10% 05-15-2022 2,500,000 3,536 1.1%
Italy Buoni Poliennali Del Tesoro 1.25% 12-01-2026 4,000,000 5,223 1.6%
Italy Buoni Poliennali Del Tesoro 2.70% 03-01-2047 1,020,000 1,309 0.4%
Kindred Healthcare Inc. 8.00% 01-15-2020 Callable 275,000 369 0.1%
Kommuninvest I Sverige AB 2.50% 12-01-2020 6,000,000 962 0.3%
Lanai Holdings III Inc. Term Loan B 1st Lien F/R 08-14-2022 392,333 524 0.2%
Lancer Finance Co. SPV Ltd. 5.85% 12-12-2017 144A 103,683 0.0%
Lannett Co. Inc. Term Loan B 1st Lien F/R 11-25-2022 152,000 201 0.1%
Lantheus Medical Imaging Inc. Term Loan B 1st Lien F/R 06-30-2022 627,201 834 0.2%
LD Intermediate Holdings Inc. Term Loan B 1st Lien F/R 12-08-2022 320,000 408 0.1%
Lee Enterprises Inc. 9.50% 03-15-2022 Callable 2018 144A 150,000 210 0.1%
Lions Gate Entertainment Corp. Term Loan B 1st Lien F/R 10-12-2023 192,000 257 0.1%
Livingston International Inc. Term Loan B2 1st Lien F/R 04-18-2019 239,380 229 0.1%
Mackenzie Unconstrained Fixed Income Fund Series R 165,258 1,705 0.5%
Mattamy Group Corp. 6.50% 11-15-2020 Callable 144A 260,000 356 0.1%
Mexican Bonos 5.00% 12-11-2019 62,750,000 3,950 1.2%
Mexican Udibonos Inflation Indexed Bonds 4.50% 12-04-2025 11,700,000 4,810 1.4%
Mexican Udibonos Inflation Linked Bonds 4.00% 11-15-2040 6,150,000 2,375 0.7%
Molson Coors International LP 2.25% 09-18-2018 1,900,000 1,921 0.6%
Molson Coors International LP 2.84% 07-15-2023 Callable 2023 610,000 612 0.2%
Molson Coors International LP 3.44% 07-15-2026 Callable Series MPLE 1,300,000 1,303 0.4%
Morgan Stanley 3.00% 02-07-2024 Series MPLE 1,340,000 1,352 0.4%
MWI Holdings Inc./Illinois Term Loan 1st Lien F/R 06-23-2020 118,851 159 0.0%
National Australia Bank of New York 2.00% 01-14-2019 500,000 666 0.2%
New Arclin US Holding Corp. Term Loan 1st Lien F/R 02-08-2024 250,000 337 0.1%
Novitex Acquisition LLC Term Loan 1st Lien F/R 07-01-2020 103,895 137 0.0%
Novitex Acquisition LLC Term Loan 2nd Lien F/R 07-01-2021 70,000 88 0.0%
Numericable-SFR 6.00% 05-15-2022 Callable 2017 144A 820,000 1,134 0.3%
Numericable-SFR SA 7.375% 05-01-2026 Callable 2021 144A 310,000 427 0.1%
NWH Escrow Corp. 7.50% 08-01-2021 Callable 2017 144A 120,000 140 0.0%
Nykredit Realkredit AS 1.00% 01-01-2021 34,000,000 6,701 2.0%
Odebrecht Finance Ltd. 5.25% 06-27-2029 700,000 410 0.1%
OPB Finance Trust 2.98% 01-25-2027 Series F 720,000 734 0.2%
Oxbow Carbon & Minerals LLC Term Loan B 2nd Lien F/R 01-19-2020 250,000 334 0.1%
Paradigm Acquisition Corp. Term Loan 1st Lien F/R 06-02-2022 591,000 786 0.2%
Parfums de Coeur Ltd. Term Loan 1st Lien F/R 06-30-2022 180,654 240 0.1%
Parkland Fuel Corp. 5.75% 09-16-2024 Callable 2019 300,000 312 0.1%
Parkland Fuel Corp. 6.00% 11-21-2022 Callable 2017 50,000 53 0.0%
Pembina Pipeline Corp. 2.99% 01-22-2024 Callable 2023 1,127,000 1,138 0.3%
Pembina Pipeline Corp. 3.71% 08-11-2026 Callable 2026 580,000 599 0.2%
Pembina Pipeline Corp. 4.24% 06-15-2027 Callable 2027 960,000 1,023 0.3%
Pembina Pipeline Corp. Pfd. Series 1 685 14 0.0%
PepsiCo Inc. 2.50% 11-01-2022 150,000 267 0.1%
Philip Morris International Inc. 1.375% 02-25-2019 500,000 660 0.2%
Poland Government Bond 2.50% 07-25-2026 12,000,000 3,554 1.1%
Portugal Obrigacoes do Tesouro OT 2.875% 10-15-2025 1,490,000 1,974 0.6%
Portugal Obrigacoes do Tesouro OT 4.10% 02-15-2045 1,050,000 1,318 0.4%
Primeline Utility Services LLC Term Loan B 1st Lien F/R 11-12-2022 Preliminary 268,633 360 0.1%
Prospect Medical Holdings Inc. Term Loan B 1st Lien F/R 06-30-2022 957,594 1,272 0.4%
Province of Alberta 3.30% 12-01-2046 40,000 40 0.0%
Province of British Columbia 2.80% 06-18-2048 70,000 65 0.0%
Province of Manitoba 2.85% 09-05-2046 1,650,000 1,483 0.4%
Province Of Manitoba 3.40% 09-05-2048 150,000 151 0.0%
Province of Ontario 2.85% 06-02-2023 800,000 843 0.3%
Province of Ontario 2.90% 12-02-2046 260,000 243 0.1%
Province of Quebec 3.50% 12-01-2048 118,000 124 0.0%
Q Holding Co. Term Loan B 1st Lien F/R 12-18-2021 398,982 536 0.2%
QCP SNF West 8.13% 11-01-2023 Callable 2019 144A 510,000 695 0.2%
Quebecor Media Inc. 6.625% 01-15-2023 115,000 123 0.0%
Rabobank Nederland of NY 2.50% 01-19-2021 250,000 332 0.1%
Realkredit Danmark AS 1.00% 04-01-2021 40,700,000 8,014 2.4%
Realkredit Danmark AS 1.00% 04-01-2022 33,900,000 6,685 2.0%
Reliance LP 3.813% 09-15-2020 150,000 152 0.0%
Renfro Corp. Term Loan B 1st Lien F/R 01-30-2019 803,227 976 0.3%
REP WWEX Acquisition Parent LLC Term Loan 1st Lien F/R 02-02-2024 450,000 604 0.2%
Republic of Argentina 7.63% 04-22-2046 2,350,000 3,154 0.9%
Resolute Forest Products Inc. 5.875% 05-15-2023 440,000 501 0.1%
Royal Bank of Canada 1.65% 07-15-2021 290,000 288 0.1%
Royal Bank of Canada 2.33% 12-05-2023 DPNT 120,000 121 0.0%
Royal Bank of Canada 2.50% 01-19-2021 500,000 669 0.2%
Royal Bank of Canada 3.31% 01-20-2026 950,000 981 0.3%
Sage Automotive Holdings Inc. Term Loan 1st Lien F/R 10-27-2022 330,000 441 0.1%
Santander Consumer Bank AS 0.88% 06-12-2018 11,000,000 1,633 0.5%
Sea to Sky Highway Investment LP 2.63% 08-31-2030 Series A 748,208 731 0.2%
Seahawk Holding Cayman Ltd. Term Loan 1st Lien F/R 11-01-2022 199,500 270 0.1%
Select Medical Corp. Term Loan B 1st Lien F/R 02-09-2024 300,000 400 0.1%
Sempra Energy 2.85% 11-15-2020 Callable 2020 250,000 337 0.1%
Solenis International LP Term Loan 2nd Lien F/R 07-31-2022 50,000 66 0.0%
Source Energy Services Canada LP 10.50% 12-15-2021 Callable 2018 144A 960,000 1,186 0.4%
SourceHOV LLC Term Loan B 1st Lien F/R 10-29-2019 360,000 474 0.1%
St. George's University Term Loan B 1st Lien F/R 07-06-2022 207,375 281 0.1%
Star West Generation LLC Term Loan B 1st Lien F/R 03-13-2020 368,643 448 0.1%
State Bank of India 3.25% 04-18-2018 144A 475,000 638 0.2%
State Bank of India 3.622% 04-17-2019 144A 200,000 272 0.1%
State Bank of India 4.125% 08-01-2017 144A 200,000 268 0.1%
Superior Plus LP 5.25% 02-27-2024 Callable 2020 230,000 234 0.1%
Sybil Software LLC Term Loan B 1st lien F/R 08-03-2022 227,125 306 0.1%
Sydney Airport Finance Co. Pty. Ltd. 3.625% 04-28-2026 Callable 2026 144A 800,000 1,057 0.3%
Team Health Holdings Inc. Term Loan B 1st Lien F/R 02-06-2024 380,000 504 0.2%
Telefonica Emisiones SAU 3.987% 01-23-2023 300,000 496 0.1%
Telefonica Emisiones SAU 5.597% 03-12-2020 200,000 370 0.1%
Temasek Financial I Ltd. 3.265% 02-19-2020 1,500,000 1,484 0.4%
Tembec Industries Inc. 9.00% 12-15-2019 Callable 180,000 247 0.1%
Tembec Industries Inc. 9.00% 12-15-2019 Callable 144A 140,000 192 0.1%
Tenet Healthcare Corp. 6.75% 06-15-2023 440,000 579 0.2%
TerraForm Power Operating LLC 5.875% 02-01-2023 Callable 2018 144A 40,000 55 0.0%
The Goldman Sachs Group Inc. 5.20% 12-17-2019 4,220,000 4,176 1.2%
The Korea Development Bank 1.50% 01-22-2018 500,000 663 0.2%
The Korea Development Bank 5.25% 04-03-2018 800,000 781 0.2%
The Men's Wearhouse Inc. 7.00% 07-01-2022 Callable 2017 80,000 101 0.0%
The Southern Co. 2.15% 09-01-2019 Callable 2019 1,000,000 1,331 0.4%
The Toronto-Dominion Bank 1.68% 06-08-2021 DPNT 610,000 610 0.2%
The Toronto-Dominion Bank 1.91% 07-18-2023 Series DPNT 700,000 691 0.2%
TransAlta Corp. Pfd. Series A 42,860 562 0.2%
TransCanada Corp. 4.00% Pfd. Series 7 4,658 103 0.0%
TransCanada Corp. Pfd. Series 15 70,578 1,816 0.5%
TransCanada Pipelines Ltd. 3.125% 01-15-2019 310,000 421 0.1%
TransCanada PipeLines Ltd. 3.80% 10-01-2020 500,000 697 0.2%
Travel Leaders Group LLC Term Loan B 1st Lien F/R 01-19-2024 940,000 1,266 0.4%
TricorBraun Inc. (KRAIND) Delayed Draw Term loan 1st Lien F/R 11-28-2023 136,364 183 0.1%
TricorBraun Inc. (KRAIND) Term Loan 1st Lien F/R 11-28-2023 1,363,636 1,835 0.5%
Trinidad Drilling Ltd. 6.63% 02-15-2025 Callable 2020 144A 250,000 342 0.1%
Trinidad Generation UnLtd. 5.25% 11-04-2027 2,100,000 2,799 0.8%
Uber Technologies Inc. Term Loan B 1st Lien F/R 07-07-2023 1,248,050 1,670 0.5%
Union Gas Ltd. 2.81% 06-01-2026 Callable 620,000 630 0.2%
United States Treasury 2.25% 11-15-2025 100,000 132 0.0%
United States Treasury 2.85% 01-15-2027 7,500,000 14,234 4.9%
United States Treasury Inflation Indexed Bonds 0.125% 07-15-2026 1,500,000 1,974 0.6%
United States Treasury Inflation Indexed Bonds 0.63% 01-15-2026 5,150,000 7,131 2.1%
United States Treasury Inflation Indexed Bonds 0.75% 02-15-2045 1,500,000 1,983 0.6%
United States Treasury Inflation Indexed Bonds 1.02% 02-15-2046 3,750,000 5,251 1.6%
United States Treasury Inflation Indexed Bonds 2.125% 02-15-2041 2,550,000 4,795 1.4%
US LBM Holdings LLC Term Loan 1st Lien F/R 08-20-2022 1,048,723 1,398 0.4%
Valeant Pharmaceuticals International Inc. 5.625% 12-01-2021 Callable 144A 157,000 177 0.1%
VCVH Holding Corp. Term Loan 1st Lien F/R 05-10-2023 248,750 331 0.1%
Verdesian Life Sciences LLC Term Loan 1st Lien F/R 06-25-2020 755,711 878 0.3%
Verizon Communications Inc. 2.63% 08-15-2026 Callable 2026 1,180,000 1,441 0.4%
Videotron Ltee 5.625% 06-15-2025 Callable 2025 165,000 173 0.1%
Videotron Ltee 5.75% 01-15-2026 Callable 2020 50,000 52 0.0%
VRX Escrow Corp. 4.50% 05-15-2023 Callable 2020 144A 1,250,000 1,390 0.4%
VRX Escrow Corp. 5.875% 05-15-2023 Callable 2018 144A 140,000 152 0.0%
WellDyneDx Inc. Term Loan 1st Lien F/R 10-12-2023 260,000 333 0.1%
Wells Fargo & Co. 2.51% 10-27-2023 650,000 648 0.2%
Wells Fargo & Co. 2.975% 05-19-2026 Series MPLE 3,300,000 3,269 1.0%
Wells Fargo & Co. 7.98% 03-15-2018 300,000 420 0.1%
Windstream Services LLC Term Loan 1st Lien F/R 03-18-2021 350,000 471 0.1%
Total Investments -- 332,513 99.3%
Cash & Equivalents -- 2,051 0.6%
Currency Hedge Contracts -- 298 0.1%
Other Assets (Liabilities) -- -2 0.0%
Total Net Assets -- 334,860 100.0%

Asset Allocation (%) Help Holdings by region and sector

As of May 31, 2017
  • Regional Allocation
      United States
    29.5%
      Other
    17.9%
      Canada
    17.1%
      Mexico
    8.6%
      Denmark
    7.3%
      Ireland
    5.8%
      Bahamas
    3.0%
      Poland
    3.0%
      Turkey
    2.8%
      Norway
    2.3%
      Cash & Equivalents 2.7%
  • Sector Allocation
      Foreign Fixed Income 41.5%
      Corporate Bonds 31.3%
      Bank Loans 12.1%
      Mutual&Pooled 6.2%
      Other 3.3%
      Cash & Equivalents 2.7%
      Equities 1.4%
      Provincial Bonds 1.3%
      Federal Bonds 0.2%
Credit Allocation (%)
AAA 22.1%
AA 7.6%
A 27.9%
BBB 14.8%
BB 8.4%
B 10.6%
C 1%
NR 3.3%
Cash & Equivalents 2.6%
Equities 1.7%

Other Global Fixed Income Funds

Portfolio Managers

Konstantin Boehmer, MBA

Vice President, Portfolio Manager

Mackenzie Fixed Income Team

Investment experience since 2003

Steve Locke, MBA, CFA

Senior Vice President, Portfolio Manager, Head of Team

Mackenzie Fixed Income Team

Investment experience since 1995

Dan Cooper, CFA

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

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 BofA Merrill Lynch Global Broad Market (Hedged to USD) 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. Qualifying bonds must be rated "BBB" or higher and have a remaining term to maturity of at least one year. The foreign currency exposure is hedged back to the US 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).