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 April 30, 2018
Major holdings represent 27.4% of the fund.
View all holdings
Total # of
Equity Holdings
7
Total # of
Fixed Income Holdings
302
Holding name, country and sector Percentage of holding in fund
Mackenzie Global High Yield Fixed Income ETF
Canada | Index Participation Units
6.4%
International Finance Corp. 7.00% 07-20-2027
United States | Supra - National
3.7%
Republic of Poland F/R 01-25-2026
Poland | Foreign Governments
3.0%
Government of Bermuda 3.72% 01-25-2027 Callable 2026
Bermuda | Foreign Governments
2.5%
United Kingdom Treasury 4.25% 12-07-2027
United Kingdom | Foreign Governments
2.3%
Queensland Treasury Corp. 2.75% 08-20-2027
Australia | Foreign Governments
2.2%
Government of Japan 0.10% 02-15-2019
Japan | Foreign Governments
2.0%
Mackenzie US Investment Grade Corporate Bond Index ETF
Canada | Index Participation Units
1.8%
United States Treasury Inflation Indexed Bonds 0.89%
United States | Foreign Governments
1.8%
Treasury Corp. of Victoria 3.00% 10-20-2028
Australia | Foreign Governments
1.6%

Complete Fund Holdings Help Full holdings list

As of February 28, 2018
Holding Name No. of Shares/Units Market Value CAD (000s) % of NAV
407 International Inc. 3.60% 05-21-2047 Callable 540,000 540 0.2%
African Development Bank F/R 02-24-2019 4,000,000 620 0.2%
AIMCo Realty Investors LP 3.04% 06-01-2028 Callable 2028 350,000 345 0.1%
Algonquin Power & Utilities Corp. 4.65% 02-15-2022 1,100,000 1,166 0.4%
Alibaba Group Holding Ltd. 3.40% 12-06-2027 Callable 2027 310,000 379 0.1%
Allied Properties Real Estate Investment Trust 3.93% 11-14-2022 404,000 411 0.1%
AltaGas Ltd. 3.98% 10-04-2027 Callable 2027 370,000 375 0.1%
AltaGas Ltd. Pfd. Series K 17,174 436 0.1%
AltaLink LP 3.72% 12-03-2046 Callable MTN 764,000 782 0.3%
Anheuser-Busch InBev Finance Inc. 2.60% 05-15-2024 Callable 2024 1,360,000 1,323 0.4%
Anheuser-Busch InBev Finance Inc. 2.65% 02-01-2021 Callable 2021 2,900,000 3,688 1.2%
Anheuser-Busch InBev Finance Inc. 3.30% 02-01-2023 Callable 2022 610,000 780 0.3%
APT Pipelines Ltd. 4.20% 03-23-2025 Callable 2024 144A 330,000 429 0.1%
Arch Merger Sub Inc. 8.50% 09-15-2025 Callable 2020 144A 450,000 555 0.2%
Argentine Bonos del Tesoro 21.20% 09-19-2018 27,000,000 1,703 0.6%
Asian Development Bank 6.00% 02-24-2021 55,000,000 1,070 0.3%
Asian Development Bank 6.45% 08-08-2021 41,430,000 815 0.3%
ASP AMC Merger Sub Inc. 8.00% 05-15-2025 Callable 2020 144A 210,000 255 0.1%
AT&T Inc. 2.30% 03-11-2019 500,000 641 0.2%
ATS Consolidated Inc. Term Loan B 1st Lien F/R 02-23-2025 120,000 154 0.1%
Australia and New Zealand Banking Group Ltd. 2.00% 11-16-2018 500,000 640 0.2%
Aviva PLC 4.50% 05-10-2021 750,000 784 0.3%
Bank of America Corp. 3.228% 06-22-2022 390,000 396 0.1%
Bank of America Corp. F/R 02-07-2022 Callable 2021 1,100,000 1,750 0.6%
Bank of America Corp. F/R 03-15-2023 Callable 2022 1,120,000 1,109 0.4%
Bank of America Corp. F/R 09-20-2025 Callable 2024 730,000 736 0.2%
Bank of Montreal 1.80% 07-31-2018 400,000 512 0.2%
Bank of Montreal 2.27% 07-11-2022 1,410,000 1,387 0.5%
Bank of Montreal 3.32% 06-01-2026 580,000 588 0.2%
Bank of Montreal F/R 12-15-2032 Callable 2027 530,000 649 0.2%
bcIMC Realty Corp. 3.00% 03-31-2027 Callable 2026 540,000 534 0.2%
Bell Canada 3.60% 09-29-2027 Callable MTN 1,040,000 1,044 0.3%
BK Nederlandse Gemeenten NV 2.125% 02-13-2019 5,500,000 869 0.3%
Brazil Notas do Tesouro Nacional 10.00% 01-01-2027 585,000 2,371 0.8%
Brookfield Asset Management Inc. Pfd. Series 46 19,887 516 0.2%
Brookfield Asset Management Inc. Pfd. Series 48 14,918 379 0.1%
Brookfield Renewable Energy Partners ULC 3.63% 01-15-2027 Callable 2026 620,000 614 0.2%
Brookfield Renewable Energy Partners ULC 3.752% 06-02-2025 Callable 2025 200,000 203 0.1%
Brookfield Renewable Partners LP Pfd. Series 11 34,041 854 0.3%
Bruce Power LP 3.00% 06-21-2024 Callable 2024 620,000 614 0.2%
Bruce Power LP 3.97% 06-23-2026 510,000 528 0.2%
Calpine Corp. 5.25% 06-01-2026 Callable 2021 144A 350,000 438 0.1%
Calpine Corp. 5.50% 02-01-2024 Callable 2019 250,000 302 0.1%
Camelot Finance LP Term Loan 1st Lien F/R 10-03-2023 444,397 575 0.2%
Can Am Construction Inc./Canada Term Loan B 1st Lien F/R 07-01-2024 437,800 572 0.2%
Canada Goose Inc. Term Loan 1st Lien F/R 12-22-2021 380,000 483 0.2%
Canada Housing Trust No. 1 2.65% 03-15-2028 60,000 60 0.0%
Canadian Credit Card Trust II 1.829% 03-24-2020 280,000 277 0.1%
Canadian Imperial Bank of Commerce 2.30% 07-11-2022 DPNT 350,000 345 0.1%
Canadian Imperial Bank of Commerce 2.47% 12-05-2022 880,000 870 0.3%
Canadian Imperial Bank of Commerce 3.42% 01-26-2026 Callable 2021 80,000 81 0.0%
Canadian National Railway Co. 2.85% 12-15-2021 Callable 2021 250,000 320 0.1%
Canadian Western Bank 2.74% 06-16-2022 DPNT 340,000 336 0.1%
Canadian Western Bank 2.92% 12-15-2022 560,000 556 0.2%
Capital Power Corp. 4.28% 09-18-2024 Callable 2024 1,180,000 1,194 0.4%
Careerbuilder LLC Term Loan 1st Lien F/R 07-31-2023 424,625 542 0.2%
Central 1 Credit Union 2.60% 11-07-2022 440,000 433 0.1%
Chartwell Retirement Residences 3.79% 12-11-2023 Callable 2023 580,000 578 0.2%
Chassix Inc. Term Loan B 1st Lien F/R 11-10-2023 270,000 350 0.1%
Choice Properties Real Estate Investment Trust 3.01% 03-21-2022 Callable 2022 220,000 220 0.1%
Choice Properties Real Estate Investment Trust 3.55% 01-10-2025 Callable 2024 370,000 370 0.1%
City of Oslo 2.35% 09-04-2024 26,000,000 4,214 1.4%
Coca-Cola Femsa SAB de CV 2.375% 11-26-2018 780,000 1,001 0.3%
Coca-Cola Femsa SAB de CV 3.88% 11-26-2023 700,000 922 0.3%
Comfort Holding LLC Term Loan 1st Lien F/R 02-05-2024 446,625 560 0.2%
Commonwealth of Bahamas 5.75% 01-16-2024 1,720,000 2,294 0.7%
Commonwealth of Bahamas 6.95% 11-20-2029 160,000 224 0.1%
Communications Sales & Leasing Inc. Term Loan B 1st Lien F/R 10-24-2022 609,797 754 0.2%
ConvergeOne Holdings Corp. Term Loan B 1st Lien F/R 06-20-2024 42,984 56 0.0%
Cooperatieve Rabobank UA F/R 11-27-2019 5,000,000 775 0.3%
Corp Nacional del Cobre de Chile 4.50% 09-16-2025 930,000 1,242 0.4%
Corporacion Andina de Fomento 2.00% 05-10-2019 500,000 637 0.2%
CSC Holdings LLC Term Loan B 1st Lien F/R 01-12-2026 210,000 270 0.1%
CSP Technologies North America LLC Term Loan B 1st Lien F/R 01-29-2022 579,595 748 0.2%
CU Inc. 3.964% 07-27-2045 Callable 40,000 42 0.0%
Currency Call Option USD/CAD 03-12-2018 Strike 1.275 14,270,000 166 0.1%
Currency Call Option USD/CNH 03-01-2018 Strike 7.50 27,410,000 0.0%
Currency Written Call Option USD/CNH 03-01-2018 Strike 7.75 -20,560,000 0.0%
Danske Bank AS 2.80% 03-10-2021 144A 500,000 636 0.2%
Danske Bank AS F/R 05-22-2020 4,500,000 709 0.2%
Daseke Inc. Term Loan 1st Lien F/R 02-27-2024 707,540 919 0.3%
Diamond 1 Finance Corp. 4.42% 06-15-2021 Callable 2021 144A 70,000 92 0.0%
Diamond 1 Finance Corp. 5.45% 06-15-2023 Callable 2023 144A 150,000 203 0.1%
Diamond 1 Finance Corp. 6.02% 06-15-2026 Callable 2026 144A 150,000 206 0.1%
Digicert Holdings Inc. Term Loan 1st Lien F/R 09-20-2024 140,000 182 0.1%
Eagle Credit Card Trust 2.63% 10-17-2022 250,000 248 0.1%
EagleTree-Carbide Acquisition Corp. Term Loan 1st Lien F/R 08-28-2024 369,075 478 0.2%
Enbridge Inc. 3.20% 06-08-2027 Callable 2027 460,000 442 0.1%
Enbridge Inc. 4.00% 10-01-2023 Callable 2023 250,000 327 0.1%
Enbridge Inc. 4.57% 03-11-2044 650,000 654 0.2%
Enbridge Inc. 4.77% 09-02-2019 Callable 1,000,000 1,036 0.3%
Enbridge Inc. 5.37% 09-27-2077 Callable 2027 2,580,000 2,516 0.8%
EnerCare Solutions Inc. 3.38% 02-21-2022 Callable 2022 750,000 755 0.2%
EnerCare Solutions Inc. 3.99% 02-21-2024 Callable 2023 750,000 765 0.2%
Envigo Holdings Inc. Term Loan B 1st Lien F/R 12-14-2023 260,000 328 0.1%
EPCOR Utilities Inc. 3.55% 11-27-2047 Callable 2047 450,000 445 0.1%
European Bank for Reconstruction & Development 6.00% 05-04-2020 105,000,000 2,052 0.7%
Exela Intermediate LLC 10.00% 07-15-2023 Callable 2020 144A 750,000 960 0.3%
Fairfax Financial Holdings Ltd. 4.25% 12-06-2027 Callable 2027 430,000 423 0.1%
Fairfax Financial Holdings Ltd. 8.30% 04-15-2026 670,000 1,050 0.3%
Federation des Caisses Desjardins du Quebec 2.09% 01-17-2022 580,000 568 0.2%
Federative Republic of Brazil 5.63% 02-21-2047 1,950,000 2,422 0.8%
Fortified Trust 1.67% 07-23-2021 790,000 768 0.2%
Fortified Trust 2.16% 10-23-2020 1,280,000 1,271 0.4%
Futures Contracts 6 0.0%
FXI Holdings Inc. 7.88% 11-01-2024 Callable 2020 144A 200,000 253 0.1%
Gaz Metro Inc. 1.52% 05-25-2020 280,000 276 0.1%
General Electric Capital Corp. F/R 07-30-2019 16,000,000 2,503 0.8%
General Electric Co. 8.35% 09-03-2022 19,000,000 1,291 0.4%
General Motors Financial Co. Inc. 2.40% 05-09-2019 Callable 2019 500,000 639 0.2%
General Motors Financial of Canada Ltd. 2.60% 06-01-2022 630,000 615 0.2%
Genesis Trust II 1.699% 04-15-2020 430,000 424 0.1%
Gibson Energy Inc. 5.25% 07-15-2024 Callable 2020 REGS 460,000 463 0.2%
Government of Bermuda 3.72% 01-25-2027 Callable 2026 5,780,000 7,256 2.4%
Government of Canada 2.75% 12-01-2048 1,610,000 1,744 0.6%
Government of Cayman Islands 5.95% 11-24-2019 144A 950,000 1,287 0.4%
Government of Dominican Republic 7.50% 05-06-2021 1,960,000 2,707 0.9%
Government of Germany 0.50% 02-15-2028 970,000 1,435 0.5%
Government of Ireland 1.00% 05-15-2026 1,000,000 1,592 0.5%
Government of Russia 7.05% 01-19-2028 172,500,000 3,977 1.3%
Government of Trinidad and Tobago 4.50% 08-04-2026 730,000 952 0.3%
Government of Turkey 11.00% 02-24-2027 10,550,000 3,447 1.1%
Government of Turkey 9.40% 07-08-2020 8,500,000 2,692 0.9%
Green Plains Inc. Term Loan B 1st Lien F/R 08-29-2023 259,350 338 0.1%
Greenhill & Co. Inc. Term Loan B 1st Lien F/R 10-12-2022 150,000 194 0.1%
H&R Real Estate Investment Trust 2.92% 05-06-2022 940,000 929 0.3%
H&R Real Estate Investment Trust 3.37% 01-30-2024 Callable 2023 460,000 454 0.1%
H&R Real Estate Investment Trust 3.42% 01-23-2023 Callable 2022 280,000 280 0.1%
Heathrow Funding Ltd. 4.00% 07-03-2019 3,200,000 3,274 1.1%
HSBC Bank Canada 2.54% 01-31-2023 730,000 719 0.2%
Husky IMS International Ltd. Bridge Loan Exp. 12-16-2018 650,000 0.0%
Hydro One Inc. 3.72% 11-18-2047 300,000 306 0.1%
Hyster-Yale Group Inc. Term Loan B 1st Lien F/R 05-30-2023 409,500 530 0.2%
I-Logic Technologies Bidco Ltd. Term Loan B 1st Lien F/R 12-20-2024 180,000 233 0.1%
Inter Pipeline Ltd. 2.73% 04-18-2024 Callable 2024 350,000 338 0.1%
Inter Pipeline Ltd. 3.48% 12-16-2026 Callable 2026 340,000 334 0.1%
Interior Logic Group Inc. Term Loan B 1st Lien F/R 03-01-2024 394,625 510 0.2%
International Finance Corp. 6.30% 11-25-2024 198,550,000 3,879 1.3%
International Finance Corp. 7.00% 07-20-2027 163,800,000 10,326 3.4%
iQor US Inc. Term Loan B 1st Lien F/R 04-01-2021 356,007 459 0.1%
IRB Holding Corp. 6.75% 02-15-2026 Callable 2021 144A 110,000 142 0.0%
Itron Inc. 5.00% 01-15-2026 Callable 2021 144A 80,000 102 0.0%
Jane Street Group LLC Term Loan B 1st Lien F/R 08-25-2022 416,500 540 0.2%
KEMET Corp. Term Loan B 1st Lien F/R 04-26-2024 555,750 727 0.2%
Kommunalbanken AS F/R 05-26-2021 1,700,000 1,584 0.5%
Kommuninvest I Sverige AB 2.50% 12-01-2020 6,000,000 995 0.3%
Kraft Heinz Foods Co. 3.00% 06-01-2026 Callable 2026 1,250,000 1,478 0.5%
Lancer Finance Co. SPV Ltd. 5.85% 12-12-2017 144A 103,683 0.0%
Lantheus Medical Imaging Inc. Term Loan B 1st Lien F/R 06-30-2022 225,041 291 0.1%
Laurentian Bank of Canada 3.00% 09-12-2022 1,020,000 1,009 0.3%
Laurentian Bank of Canada F/R 10-22-2019 560,000 560 0.2%
LBM Borrower LLC Term Loan 1st Lien F/R 08-20-2022 1,038,103 1,347 0.4%
LifeMiles Ltd. Term Loan B 1st Lien F/R 08-18-2022 214,500 284 0.1%
Mackenzie Global High Yield Fixed Income ETF 950,000 18,763 6.5%
Mackenzie Unconstrained Fixed Income Fund Series R 169,045 1,702 0.6%
Mackenzie US Investment Grade Corporate Bond Index ETF (CAD-Hedged) 54,715 5,372 1.7%
Manulife Bank of Canada 2.08% 05-26-2022 950,000 925 0.3%
Manulife Bank of Canada 2.84% 01-12-2023 420,000 420 0.1%
Manulife Financial Corp. F/R 08-20-2029 Callable 2024 1,030,000 1,014 0.3%
Mattamy Group Corp. 6.50% 10-01-2025 Callable 2020 180,000 188 0.1%
Mattamy Group Corp. 6.50% 10-01-2025 Callable 2020 144A 120,000 161 0.1%
McAfee LLC Term Loan B 1st Lien F/R 09-30-2024 438,900 567 0.2%
McDonald's Corp. 3.13% 03-04-2025 Callable 2025 1,340,000 1,341 0.4%
Meredith Corp. Term Loan B 1st Lien F/R 01-18-2025 400,000 517 0.2%
Metro Inc. 2.68% 12-05-2022 Callable 2022 220,000 218 0.1%
Metro Inc. 3.39% 12-06-2027 Callable 2027 460,000 450 0.1%
Mexican Udibonos Inflation Indexed Bonds 4.50% 12-04-2025 11,700,000 5,069 1.7%
Mexico City Airport Trust 3.88% 04-30-2028 Callable 2028 1,350,000 1,624 0.5%
Mitsubishi UFJ Financial Group Inc. 2.67% 07-25-2022 1,300,000 1,623 0.5%
Mizuho Financial Group Inc. F/R 09-11-2022 1,350,000 1,746 0.6%
Molson Coors International LP 2.25% 09-18-2018 1,030,000 1,032 0.3%
Molson Coors International LP 2.84% 07-15-2023 Callable 2023 2,450,000 2,401 0.8%
Morgan Stanley 3.00% 02-07-2024 1,340,000 1,327 0.4%
National Australia Bank Ltd. 2.00% 01-14-2019 500,000 639 0.2%
Neenah Foundry Co. Term Loan B 1st Lien F/R 12-08-2022 170,000 223 0.1%
Newell Brands Inc. 4.20% 04-01-2026 Callable 2026 240,000 305 0.1%
North West Redwater Partnership 2.80% 06-01-2027 Callable 2027 250,000 239 0.1%
NWH Escrow Corp. 7.50% 08-01-2021 Callable 144A 120,000 143 0.0%
OCI Beaumont LLC Term Loan B 1st Lien F/R 02-16-2025 160,000 207 0.1%
Odebrecht Finance Ltd. 5.25% 06-27-2029 330,000 96 0.0%
Office Depot Inc. Term Loan B 1st Lien F/R 11-08-2022 300,000 391 0.1%
OMERS Realty Corp. 3.24% 10-04-2027 Callable 2027 1,210,000 1,219 0.4%
Ontario Power Generation Inc. 3.32% 10-04-2027 Callable 2027 710,000 711 0.2%
OPB Finance Trust 2.98% 01-25-2027 720,000 719 0.2%
Osteon Merger Sub Inc. Term Loan B 1st Lien F/R 02-06-2025 110,000 143 0.0%
Paradigm Acquisition Corp. Term Loan 1st Lien F/R 10-11-2024 586,500 763 0.2%
Pembina Pipeline Corp. 2.99% 01-22-2024 Callable 2023 1,127,000 1,107 0.4%
PepsiCo Inc. 2.50% 11-01-2022 150,000 278 0.1%
Petroleos De Venezuela SA 6.00% 05-16-2024 587,000 192 0.1%
PetSmart Inc. Term Loan B2 1st Lien F/R 03-10-2022 29,923 31 0.0%
Philip Morris International Inc. 1.375% 02-25-2019 500,000 634 0.2%
Pioneer Holding LLC 9.00% 11-01-2022 Callable 2019 144A 100,000 135 0.0%
PNI Canada Acquireco Corp. Term Loan B 1st Lien F/R 08-23-2022 179,550 230 0.1%
Prospect Medical Holdings Inc. Term Loan B 1st Lien F/R 02-15-2024 400,000 518 0.2%
Province of Newfoundland 3.70% 10-17-2048 390,000 417 0.1%
Province of Ontario 2.40% 06-02-2026 870,000 847 0.3%
Province of Ontario 2.60% 09-08-2023 190,000 191 0.1%
Province of Ontario 2.80% 06-02-2048 90,000 85 0.0%
Province of Quebec 3.50% 12-01-2048 120,000 130 0.0%
PSC Industrial Outsourcing LP Term Loan B 1st Lien F/R 10-05-2024 250,000 324 0.1%
Quebecor Media Inc. 6.625% 01-15-2023 144A 115,000 126 0.0%
Queensland Treasury Corp. 2.75% 08-20-2027 6,800,000 6,532 2.1%
Rabobank Nederland of NY 2.50% 01-19-2021 250,000 316 0.1%
Red Ventures LLC Term Loan B 1st Lien F/R 11-08-2024 329,175 426 0.1%
Reliance Intermediate Holdings LP 6.50% 04-01-2023 Callable 2018 144A 145,000 195 0.1%
Reliance LP 3.813% 09-15-2020 150,000 153 0.0%
Reliance LP 3.84% 03-15-2025 Callable 2025 490,000 486 0.2%
Republic of Argentina 4.63% 01-11-2023 940,000 1,177 0.4%
Republic of Argentina 5.88% 01-11-2028 1,860,000 2,246 0.7%
Republic of Argentina 6.88% 01-11-2048 360,000 423 0.1%
Republic of Poland F/R 01-25-2026 24,300,000 8,931 2.9%
Research Now Group Inc. Term Loan 1st Lien F/R 12-20-2024 430,000 547 0.2%
Rite Aid Corp. 7.70% 02-15-2027 1,600,000 1,910 0.6%
Royal Bank of Canada 2.00% 03-21-2022 320,000 312 0.1%
Royal Bank of Canada 2.33% 12-05-2023 DPNT 120,000 117 0.0%
Royal Bank of Canada 2.36% 12-05-2022 470,000 462 0.2%
Royal Bank of Canada 2.50% 01-19-2021 500,000 635 0.2%
Royal Bank of Canada 4.65% 01-27-2026 GMTN 720,000 960 0.3%
Sage Automotive Holdings Inc. Term Loan 1st Lien F/R 11-04-2022 157,128 204 0.1%
Santander Consumer Bank AS 0.88% 06-12-2018 11,000,000 1,708 0.6%
Santander Consumer Bank AS F/R 03-30-2020 11,000,000 1,712 0.6%
Sea to Sky Highway Investment LP 2.63% 08-31-2030 705,332 679 0.2%
Sempra Energy 2.85% 11-15-2020 Callable 2020 250,000 321 0.1%
Sinclair Television Group Inc. Term Loan B 1st Lien F/R 12-12-2024 200,000 258 0.1%
SmartCentres Real Estate Investment Trust 3.83% 12-21-2027 Callable 2027 150,000 147 0.0%
SNC-Lavalin Group Inc. 2.69% 11-24-2020 140,000 140 0.0%
Source Energy Services Canada LP 10.50% 12-15-2021 Callable 2018 144A 124,000 135 0.0%
Source Energy Services Ltd. 1,160 7 0.0%
Staples Inc. Term Loan 1st Lien F/R 08-15-2024 379,050 484 0.2%
State Bank of India 3.25% 04-18-2018 144A 475,000 610 0.2%
State Bank of India 3.622% 04-17-2019 144A 200,000 258 0.1%
State of Israel 2.00% 03-31-2027 14,000,000 5,269 1.7%
Sun Life Financial Inc. F/R 11-23-2027 Callable 2022 430,000 426 0.1%
Sydney Airport Finance Co. Pty. Ltd. 3.625% 04-28-2026 Callable 2026 144A 800,000 1,004 0.3%
Syniverse Holdings Inc. Term Loan 1st Lien F/R 02-09-2023 160,000 207 0.1%
Talen Energy Supply LLC 10.50% 01-15-2026 Callable 2022 144A 40,000 48 0.0%
Talen Energy Supply LLC 9.50% 07-15-2022 Callable 2020 144A 400,000 512 0.2%
Telefonica Emisiones SAU 3.987% 01-23-2023 300,000 547 0.2%
Telefonica Emisiones SAU 5.597% 03-12-2020 200,000 382 0.1%
TELUS Corp. 3.63% 03-01-2028 Callable 2027 320,000 319 0.1%
TerraForm Power Operating LLC 5.00% 01-31-2028 Callable 2027 144A 190,000 237 0.1%
Teva Pharmaceutical Finance Netherlands III BV 3.15% 10-01-2026 Callable 99,000 104 0.0%
The Bank of Nova Scotia 2.36% 11-08-2022 1,410,000 1,387 0.5%
The Bank of Nova Scotia F/R 04-12-2066 Callable 2022 750,000 938 0.3%
The Fédération des Caisses Desjardins du Québec 2.39% 08-25-2022 1,100,000 1,085 0.4%
The Goldman Sachs Group Inc. 5.20% 12-17-2019 4,220,000 4,062 1.3%
The Korea Development Bank 5.25% 04-03-2018 800,000 742 0.2%
The Pasha Group Term Loan B 1st Lien F/R 12-13-2022 250,000 322 0.1%
The Southern Co. 2.15% 09-01-2019 Callable 2019 1,000,000 1,274 0.4%
The Toronto-Dominion Bank F/R 07-25-2029 Callable 2024 890,000 882 0.3%
TMX Group Ltd. 2.30% 12-11-2024 Callable 2024 450,000 444 0.1%
TransAlta Corp. Pfd. Series A 29,576 449 0.1%
TransCanada Corp. Pfd. Series 15 33,481 866 0.3%
TransCanada Pipelines Ltd. 3.125% 01-15-2019 310,000 399 0.1%
TransCanada Pipelines Ltd. 3.39% 03-15-2028 Callable 2027 860,000 870 0.3%
TransCanada PipeLines Ltd. 3.80% 10-01-2020 500,000 657 0.2%
TransCanada Trust F/R 05-18-2077 Callable 2027 1,000,000 989 0.3%
Traverse Midstream Partners LLC Term Loan B 1st Lien F/R 09-21-2024 120,000 155 0.1%
Treasury Corp. of Victoria 3.00% 10-20-2028 4,975,000 4,874 1.6%
Trico Products Corp. Term Loan 1st Lien F/R 02-02-2024 210,000 271 0.1%
TricorBraun Inc. (KRAIND) Term Loan 1st Lien F/R 11-30-2023 1,350,000 1,746 0.6%
TricorBraun Inc. (KRAIND) Term Loan Delayed Draw 1st Lien F/R 11-28-2023 136,023 176 0.1%
Uber Technologies Inc. Term Loan B 1st Lien F/R 07-13-2023 817,601 1,057 0.3%
Union Gas Ltd. 3.59% 11-22-2047 Callable 2047 200,000 199 0.1%
United Kingdom Treasury 4.25% 12-07-2027 3,000,000 6,620 2.2%
United States Treasury 2.25% 11-15-2025 100,000 123 0.0%
United States Treasury Inflation Indexed 0.13% 01-15-2023 4,600,000 6,188 2.0%
United States Treasury Inflation Indexed 0.38% 07-15-2027 4,650,000 5,832 1.9%
United States Treasury Inflation Indexed 0.89% 02-15-2047 3,975,000 5,067 1.6%
United States Treasury Inflation Indexed 2.00% 01-15-2026 4,220,000 7,398 2.4%
Ventas Canada Finance Ltd. 2.55% 03-15-2023 Callable 2023 840,000 819 0.3%
Vistage Worldwide Inc. Term Loan 1st Lien F/R 02-01-2025 170,000 219 0.1%
VRX Escrow Corp. 4.50% 05-15-2023 Callable 2020 144A 1,250,000 1,716 0.6%
Wells Fargo & Co. 2.98% 05-19-2026 1,700,000 1,637 0.5%
Wells Fargo & Co. 7.98% 03-15-2018 300,000 392 0.1%
Williams Scotsman International Inc. 7.88% 12-15-2022 Callable 2019 144A 175,000 235 0.1%
YRC Worldwide Inc. Term Loan 1st Lien F/R 07-21-2022 277,890 360 0.1%
Zotec Partners LLC Term Loan 1st Lien F/R 02-09-2024 240,000 306 0.1%
Total Investments -- 302,332 98.5%
Cash & Equivalents -- 8,395 2.7%
Currency Hedge Contracts -- -3,048 -1.0%
Other Assets (Liabilities) -- -514 -0.2%
Total Net Assets -- 307,165 100.0%

Asset Allocation (%) Help Holdings by region and sector

As of April 30, 2018
  • Regional Allocation
      United States
    30.7%
      Canada
    28.7%
      Other
    16.5%
      United Kingdom
    5.7%
      Australia
    4.8%
      Japan
    3.2%
      Norway
    3.1%
      Poland
    3.0%
      Bermuda
    2.5%
      Turkey
    1.9%
      Cash & Equivalents -0.1%
  • Sector Allocation
      Corporate Bonds 39.1%
      Foreign Fixed Income 32.5%
      Bank Loans 9.9%
      Mutual&Pooled 8.9%
      Other 6.7%
      Equities 1.2%
      Provincial Bonds 1.1%
      Federal Bonds 0.7%
      Cash & Equivalents -0.1%
Credit Allocation (%)
AAA 16.8%
AA 10.8%
A 24.8%
BBB 17.9%
BB 11%
B 12.8%
CCC & Below 2.2%
NR 2%
Cash & Equivalents 0.3%
Equities 1.3%

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).