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 August 31, 2017
Major holdings represent 27.9% of the fund.
View all holdings
Total # of
Equity Holdings
6
Total # of
Fixed Income Holdings
227
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 Mexico 10.00% 12-05-2024
Mexico | Foreign Governments
3.5%
United States Treasury 3.00% 02-15-2047
United States | Foreign Governments
3.1%
Realkredit Danmark AS 1.00% 04-01-2021
Denmark | Corporate - Non Convertible
2.6%
Mexican Bonos 7.75% 11-13-2042 Series M
Mexico | Foreign Governments
2.5%
International Finance Corp. 6.30% 11-25-2024
United States | Supra - National
2.4%
Nykredit Realkredit AS 1.00% 01-01-2021
Denmark | Corporate - Non Convertible
2.1%
Realkredit Danmark AS 1.00% 04-01-2022
Denmark | Corporate - Non Convertible
2.1%
Queensland Treasury Corp. 2.75% 08-20-2027
Australia | Foreign Governments
2.0%
Commonwealth of Bahamas 6.95% 11-20-2029
Bahamas | Foreign Governments
1.9%

Complete Fund Holdings Help Full holdings list

As of July 31, 2017
Holding Name No. of Shares/Units Market Value CAD (000s) % of NAV
407 International Inc. 3.60% 05-21-2047 Callable 540,000 529 0.2%
African Development Bank F/R 02-24-2019 4,000,000 618 0.2%
Algonquin Power & Utilities Corp. 4.65% 02-15-2022 1,100,000 1,180 0.4%
Alimentation Couche-Tard Inc. 3.06% 07-26-2024 Callable 2024 840,000 837 0.3%
Allied Properties REIT 3.93% 11-14-2022 Series B 404,000 411 0.1%
AltaGas Ltd. Pfd. Series K 35,483 915 0.3%
Altalink LP 3.72% 12-03-2046 Callable Series MTN 764,000 764 0.2%
Amazon.com Inc. 3.80% 12-05-2024 Callable 2024 1,850,000 2,466 0.7%
Anheuser-Busch InBev Finance Inc. 2.60% 05-15-2024 Callable 2024 870,000 852 0.3%
Anheuser-Busch InBev Finance Inc. 2.65% 02-01-2021 Callable 2021 2,900,000 3,675 1.1%
Anheuser-Busch InBev Finance Inc. 3.30% 02-01-2023 Callable 2022 610,000 789 0.2%
APT Pipelines Ltd. 4.20% 03-23-2025 Callable 2024 144A 330,000 427 0.1%
Argentine Bonos del Tesoro 21.20% 09-19-2018 27,000,000 1,912 0.6%
Asian Development Bank 6.45% 08-08-2021 41,430,000 825 0.2%
ASP AMC Merger Sub Inc. 8.00% 05-15-2025 Callable 2020 144A 210,000 260 0.1%
AT&T Inc. 2.30% 03-11-2019 500,000 628 0.2%
AT&T Inc. 2.85% 02-14-2023 Callable 2023 1,325,000 1,649 0.5%
Australia and New Zealand Banking Group Ltd. 2.00% 11-16-2018 500,000 626 0.2%
Aviva PLC 4.50% 05-10-2021 370,000 392 0.1%
Bank of America Corp. F/R 02-07-2022 Callable 2021 1,100,000 1,640 0.5%
Bank of America Corp. F/R 03-15-2023 Callable 2022 1,510,000 1,494 0.5%
Bank of Montreal 1.80% 07-31-2018 400,000 498 0.2%
Bank of Montreal 2.27% 07-11-2022 940,000 935 0.3%
bcIMC Realty Corp. 3.00% 03-31-2027 Callable 2026 540,000 537 0.2%
BK Nederlandse Gemeenten NV 2.125% 02-13-2019 5,500,000 876 0.3%
BMW Canada Inc. 1.88% 12-11-2020 Series Q 560,000 555 0.2%
Brazil Notas do Tesouro Nacional 10.00% 01-01-2027 Series NTNF 805,000 3,232 1.0%
Brookfield Asset Management Inc. Pfd. Series 46 23,788 615 0.2%
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 200,000 204 0.1%
Brookfield Renewable Partners LP Pfd. Series 11 40,886 1,032 0.3%
Bruce Power LP 3.00% 06-21-2024 Callable 2024 Series:17-1 290,000 288 0.1%
Bruce Power LP 3.97% 06-23-2026 260,000 270 0.1%
Caisse Centrale Desjardins 2.09% 01-17-2022 770,000 762 0.2%
Camelot Finance LP Term Loan 1st Lien F/R 10-03-2023 446,631 561 0.2%
Can Am Construction Inc./Canada Term Loan B 1st Lien F/R 06-29-2024 440,000 548 0.2%
Canadian Credit Card Trust II 1.829% 03-24-2020 280,000 279 0.1%
Canadian Imperial Bank of Commerce 1.55% 01-23-2018 Callable 2017 250,000 312 0.1%
Canadian Imperial Bank of Commerce 3.42% 01-26-2026 Callable 2021 80,000 82 0.0%
Canadian National Railway Co. 2.85% 12-15-2021 Callable 2021 250,000 319 0.1%
Canadian Western Bank 2.74% 06-16-2022 Series DPNT 340,000 335 0.1%
Careerbuilder LLC Term Loan 1st Lien F/R 07-27-2023 430,000 524 0.2%
CD&R Waterworks Merger Sub LLC 6.13% 08-15-2025 Callable 2020 144A 150,000 191 0.1%
CenturyLink Inc. Bridge Loan 01-31-2018 1L Sr. Secured 1,230,000 0.0%
Chartwell Retirement Residences 3.79% 12-11-2023 Callable 2023 520,000 513 0.2%
City of Oslo 2.35% 09-04-2024 26,000,000 4,162 1.3%
Coca Cola Femsa SAB de CV 3.88% 11-26-2023 700,000 928 0.3%
Coca-Cola FEMSA SAB de CV 2.375% 11-26-2018 2,000,000 2,513 0.8%
Commonwealth of Bahamas 5.75% 01-16-2024 1,720,000 2,231 0.7%
Commonwealth of Bahamas 6.95% 11-20-2029 4,625,000 6,255 1.9%
Commonwealth of Bahamas 7.125% 04-02-2038 500,000 657 0.2%
Communications Sales & Leasing Inc. Term Loan B 1st Lien F/R 10-24-2022 612,876 765 0.2%
ConvergeOne Holdings Corp. Term Loan B 1st Lien F/R 06-02-2024 43,200 54 0.0%
Cooperatieve Rabobank UA F/R 11-27-2019 5,000,000 771 0.2%
Corporacion Andina de Fomento 1.50% 08-08-2017 250,000 311 0.1%
Corporacion Andina de Fomento 2.00% 05-10-2019 500,000 625 0.2%
CSP Technologies North America LLC Term Loan B 1st Lien F/R 01-29-2022 582,596 729 0.2%
Currency Call Option USD/CAD 09-22-2017 Strike 1.35 13,647,100 2 0.0%
Currency Call Option USD/CAD 09-25-2017 Strike 1.35 6,681,500 1 0.0%
Currency Call Option USD/CNH 03-01-2018 Strike 7.50 27,410,000 23 0.0%
Currency Call Option USD/EUR 09-22-2017 Strike 1.13 25,400,000 26 0.0%
Currency Put Option AUD/CAD 09-13-2017 Strike 0.97 32,500,000 100 0.0%
Currency Written Call Option USD/CNH 03-01-2018 Strike 7.75 -20,560,000 -4 0.0%
Danske Bank AS 2.80% 03-10-2021 144A 500,000 635 0.2%
Danske Bank AS F/R 05-22-2020 4,500,000 706 0.2%
Dayco Products LLC Term Loan B 1st Lien F/R 05-04-2023 312,000 392 0.1%
DHX Media Ltd. Term Loan B 1st Lien F/R 12-22-2023 221,000 278 0.1%
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 150,000 206 0.1%
Diamond 1 Finance Corp. 6.02% 06-15-2026 Callable 2026 144A 150,000 209 0.1%
Drive DeVilbiss Healthcare Ltd. Term Loan 1st Lien F/R 12-21-2022 365,375 418 0.1%
Enbridge Inc. 3.20% 06-08-2027 Callable 2027 460,000 441 0.1%
Enbridge Inc. 4.00% 10-01-2023 Callable 2023 250,000 330 0.1%
Enbridge Inc. 4.57% 03-11-2044 650,000 636 0.2%
Enbridge Inc. 4.77% 09-02-2019 Callable 1,000,000 1,054 0.3%
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 750,000 760 0.2%
European Bank for Reconstruction & Development 6.00% 05-04-2020 105,000,000 2,055 0.6%
Exela Intermediate LLC 10.00% 07-15-2023 Callable 2020 144A 750,000 911 0.3%
Fairfax Financial Holdings Ltd. 4.70% 12-16-2026 Callable 2026 850,000 869 0.3%
Fortified Trust 1.67% 07-23-2021 790,000 774 0.2%
Fortis Inc. 2.85% 12-12-2023 Callable 2023 580,000 580 0.2%
Frontier Communications Corp. Term Loan B 1st Lien F/R 06-01-2024 520,000 625 0.2%
Futures Contracts 300 0.1%
Gaz Metro Inc. 1.52% 05-25-2020 280,000 277 0.1%
General Electric Capital Corp. F/R 07-30-2019 16,000,000 2,505 0.8%
General Electric Co. 8.35% 09-03-2022 19,000,000 1,360 0.4%
General Electric Co. F/R 01-16-2018 8,000,000 1,238 0.4%
General Motors Financial Co. Inc. 2.40% 05-09-2019 Callable 2019 500,000 626 0.2%
General Motors Financial of Canada Ltd. 2.60% 06-01-2022 630,000 616 0.2%
Genesis Trust II 1.699% 04-15-2020 430,000 427 0.1%
Global Eagle Entertainment Inc. Term Loan 1st Lien F/R 01-06-2023 385,938 469 0.1%
Government of Canada 1.00% 06-01-2027 6,350,000 5,755 1.7%
Government of Canada 1.50% 06-01-2023 310,000 306 0.1%
Government of Canada 2.75% 12-01-2048 100,000 106 0.0%
Government of Canada 3.50% 12-01-2045 240,000 289 0.1%
Government of Dominican Republic 7.50% 05-06-2021 1,200,000 1,659 0.5%
Government of Ireland 1.00% 05-15-2026 3,250,000 4,864 1.5%
Government of Mexico 10.00% 12-05-2024 139,000,000 11,521 3.5%
Government of Netherlands 0.50% 07-15-2026 3,159,000 4,657 1.4%
Government of Portugal 5.125% 10-15-2024 2,830,000 3,619 1.1%
Government of Romania 2.875% 10-28-2024 1,810,000 2,910 0.9%
Government of Romania 3.625% 04-24-2024 750,000 1,262 0.4%
Government of Spain 1.50% 04-30-2027 1,800,000 2,658 0.8%
Government of Turkey 10.60% 02-11-2026 9,100,000 3,276 1.0%
Government of Turkey 11.00% 02-24-2027 10,550,000 3,887 1.2%
Government of Turkey 9.40% 07-08-2020 8,500,000 2,910 0.9%
GST AutoLeather Inc. Term Loan B 1st Lien F/R 07-11-2020 461,413 503 0.2%
H&R Real Estate Investment Trust 2.92% 05-06-2022 670,000 660 0.2%
HD Supply Waterworks Bridge Loan 12-22-2017 610,000 0.0%
Heathrow Funding Ltd. 4.00% 07-03-2019 3,200,000 3,319 1.0%
Hennessy Capital Acquisition Corp. II Term Loan 1st Lien F/R 02-03-2024 462,042 580 0.2%
Hennessy Capital Acquisition Corp. II Term Loan Delayed Draw 1st Lien F/R 02-03-2024 96,800 122 0.0%
Highland Acquisition Holdings LLC Term Loan B 1st Lien F/R 11-23-2023 1,462,500 1,835 0.6%
Hydro One Inc. 3.72% 11-18-2047 340,000 338 0.1%
Hyster-Yale Group Inc. Term Loan B 1st Lien F/R 05-22-2023 420,000 527 0.2%
Innocor Inc. Term Loan 1st Lien F/R 02-02-2024 448,875 525 0.2%
Inter Pipeline Ltd. 2.73% 04-18-2024 Callable 2024 350,000 342 0.1%
Inter Pipeline Ltd. 3.48% 12-16-2026 Callable 2026 340,000 338 0.1%
Interior Logic Group Inc. Term Loan B 1st Lien F/R 02-27-2024 404,875 506 0.2%
International Finance Corp. 6.30% 11-25-2024 397,000,000 7,853 2.4%
iQor US Inc. Term Loan B 1st Lien F/R 04-01-2021 538,311 669 0.2%
iShares iBoxx $ High Yield Corp Bond ETF Put Option @ $86.00 Exp. 09-15-2017 1,356 37 0.0%
iShares iBoxx $ High Yield Corporate Bond ETF Put Option @ $81.00 Exp. 09-15-2017 980 7 0.0%
John Deere Canada Funding Inc. 1.85% 03-24-2021 360,000 355 0.1%
KEMET Corp. Term Loan B 1st Lien F/R 04-21-2024 570,000 715 0.2%
Kommunalbanken AS F/R 05-26-2021 1,700,000 1,594 0.5%
Kommuninvest I Sverige AB 2.50% 12-01-2020 6,000,000 1,003 0.3%
Kraft Heinz Foods Co. 3.00% 06-01-2026 Callable 2026 1,250,000 1,499 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 226,175 284 0.1%
Lockheed Martin Corp. 3.55% 01-15-2026 Callable 2025 1,250,000 1,624 0.5%
Mackenzie Global High Yield Fixed Income ETF 950,000 19,005 5.7%
Mackenzie Unconstrained Fixed Income Fund Series R 165,258 1,686 0.5%
Manulife Bank of Canada 2.08% 05-26-2022 950,000 930 0.3%
Mexican Bonos 5.00% 12-11-2019 62,750,000 4,229 1.3%
Mexican Bonos 7.75% 11-13-2042 Series M 112,000,000 8,353 2.5%
Mexican Udibonos Inflation Indexed Bonds 4.50% 12-04-2025 11,700,000 5,206 1.6%
Mexican Udibonos Inflation Linked Bonds 4.00% 11-15-2040 6,150,000 2,658 0.8%
Mitsubishi UFJ Financial Group Inc. 2.67% 07-25-2022 1,300,000 1,622 0.5%
Molson Coors International LP 2.25% 09-18-2018 1,030,000 1,034 0.3%
Molson Coors International LP 2.84% 07-15-2023 Callable 2023 610,000 601 0.2%
Molson Coors International LP 3.44% 07-15-2026 Callable Series MPLE 1,300,000 1,270 0.4%
Morgan Stanley 3.00% 02-07-2024 Series MPLE 1,340,000 1,331 0.4%
National Australia Bank Ltd. 2.00% 01-14-2019 500,000 625 0.2%
Nissan Canada Financial Services Inc. 1.75% 04-09-2020 360,000 357 0.1%
North West Redwater Partnership 2.80% 06-01-2027 Callable 2027 250,000 240 0.1%
NWH Escrow Corp. 7.50% 08-01-2021 Callable 2017 144A 120,000 133 0.0%
Nykredit Realkredit AS 1.00% 01-01-2021 34,000,000 6,994 2.1%
Odebrecht Finance Ltd. 5.25% 06-27-2029 510,000 239 0.1%
OPB Finance Trust 2.98% 01-25-2027 Series F 720,000 722 0.2%
Paradigm Acquisition Corp. Term Loan 1st Lien F/R 06-02-2022 588,000 734 0.2%
Pembina Pipeline Corp. 2.99% 01-22-2024 Callable 2023 1,127,000 1,111 0.3%
Pembina Pipeline Corp. 3.71% 08-11-2026 Callable 2026 580,000 580 0.2%
PepsiCo Inc. 2.15% 05-06-2024 Callable 2024 490,000 477 0.1%
PepsiCo Inc. 2.50% 11-01-2022 150,000 264 0.1%
PetSmart Inc. 8.88% 06-01-2025 Callable 2020 144A 30,000 35 0.0%
Philip Morris International Inc. 1.375% 02-25-2019 500,000 620 0.2%
Prospect Medical Holdings Inc. Term Loan B 1st Lien F/R 06-30-2022 117,411 148 0.0%
Province of Manitoba 2.85% 09-05-2046 1,650,000 1,480 0.4%
Province of Manitoba 3.40% 09-05-2048 150,000 150 0.0%
Province of Ontario 2.40% 06-02-2026 390,000 382 0.1%
Province of Ontario 2.60% 06-02-2027 680,000 672 0.2%
Province of Ontario 2.80% 06-02-2048 370,000 337 0.1%
Province of Ontario 2.90% 12-02-2046 260,000 241 0.1%
Province of Quebec 2.75% 09-01-2027 30,000 30 0.0%
Quebecor Media Inc. 6.625% 01-15-2023 115,000 126 0.0%
Queensland Treasury Corp. 2.75% 08-20-2027 6,800,000 6,531 2.0%
Rabobank Nederland of NY 2.50% 01-19-2021 250,000 315 0.1%
Radiate Holdco LLC Bridge Loan 02/27/18 Sr. Unsecured 520,000 0.0%
Realkredit Danmark AS 1.00% 04-01-2021 40,700,000 8,377 2.5%
Realkredit Danmark AS 1.00% 04-01-2022 33,900,000 6,969 2.1%
Reliance LP 3.813% 09-15-2020 150,000 153 0.0%
REP WWEX Acquisition Parent LLC Term Loan 1st Lien F/R 02-02-2024 448,875 563 0.2%
Rite Aid Corp. 6.125% 04-01-2023 Callable 2018 144A 210,000 260 0.1%
Royal Bank of Canada 2.00% 03-21-2022 320,000 315 0.1%
Royal Bank of Canada 2.33% 12-05-2023 DPNT 120,000 118 0.0%
Royal Bank of Canada 2.50% 01-19-2021 500,000 631 0.2%
Royal Bank of Canada 4.65% 01-27-2026 GMTN 720,000 966 0.3%
Sage Automotive Holdings Inc. Term Loan 1st Lien F/R 10-27-2022 328,350 412 0.1%
Santander Consumer Bank AS 0.88% 06-12-2018 11,000,000 1,710 0.5%
Santander Consumer Bank AS F/R 03-30-2020 11,000,000 1,701 0.5%
Saputo Inc. 1.94% 06-13-2022 Callable 2022 480,000 468 0.1%
Sea to Sky Highway Investment LP 2.63% 08-31-2030 Series A 727,617 696 0.2%
Securus Technologies Holdings Inc. Term Loan 1st Lien F/R 06-20-2024 70,000 88 0.0%
Sempra Energy 2.85% 11-15-2020 Callable 2020 250,000 318 0.1%
Source Energy Services Canada LP 10.50% 12-15-2021 Callable 2018 144A 124,000 137 0.0%
Source Energy Services Ltd. Private Placement 1,160 8 0.0%
State Bank of India 3.25% 04-18-2018 144A 475,000 597 0.2%
State Bank of India 3.622% 04-17-2019 144A 200,000 254 0.1%
State Bank of India 4.125% 08-01-2017 144A 200,000 249 0.1%
Sydney Airport Finance Co. Pty. Ltd. 3.625% 04-28-2026 Callable 2026 144A 800,000 1,009 0.3%
Telefonica Emisiones SAU 3.987% 01-23-2023 300,000 522 0.2%
Telefonica Emisiones SAU 5.597% 03-12-2020 200,000 366 0.1%
Tembec Industries Inc. 9.00% 12-15-2019 Callable 180,000 232 0.1%
The Goldman Sachs Group Inc. 5.20% 12-17-2019 4,220,000 4,134 1.3%
The Korea Development Bank 1.50% 01-22-2018 500,000 622 0.2%
The Korea Development Bank 5.25% 04-03-2018 800,000 760 0.2%
The Southern Co. 2.15% 09-01-2019 Callable 2019 1,000,000 1,251 0.4%
The Toronto-Dominion Bank 1.68% 06-08-2021 Covered 610,000 600 0.2%
The Toronto-Dominion Bank F/R 07-25-2029 Callable 2024 1,600,000 1,594 0.5%
TransAlta Corp. Pfd. Series A 32,138 466 0.1%
TransCanada Corp. Pfd. Series 15 59,082 1,549 0.5%
TransCanada Pipelines Ltd. 3.125% 01-15-2019 310,000 393 0.1%
TransCanada PipeLines Ltd. 3.80% 10-01-2020 500,000 653 0.2%
TransCanada Trust F/R 05-18-2077 Callable 2027 1,000,000 998 0.3%
Treasury Corp. of Victoria 3.00% 10-20-2028 4,975,000 4,887 1.5%
TricorBraun Inc. (KRAIND) Term Loan 1st Lien F/R 11-28-2023 1,356,818 1,710 0.5%
TricorBraun Inc. (KRAIND) Term Loan Delayed Draw 1st Lien F/R 11-28-2023 136,364 172 0.1%
Uber Technologies Inc. Term Loan B 1st Lien F/R 07-13-2023 1,042,297 1,303 0.4%
United Parcel Service Inc. 2.13% 05-21-2024 Callable 2024 700,000 679 0.2%
United States Treasury 2.25% 02-15-2027 4,175,000 5,185 1.6%
United States Treasury 2.25% 11-15-2025 100,000 125 0.0%
United States Treasury 3.00% 02-15-2047 11,450,000 14,546 4.4%
US LBM Holdings LLC Term Loan 1st Lien F/R 08-20-2022 1,043,413 1,309 0.4%
Ventas Canada Finance Ltd. 2.55% 03-15-2023 Callable 2023 840,000 820 0.2%
Verizon Communications Inc. 2.63% 08-15-2026 Callable 2026 1,180,000 1,362 0.4%
Verizon Communications Inc. 5.15% 09-15-2023 1,300,000 1,804 0.5%
VRX Escrow Corp. 4.50% 05-15-2023 Callable 2020 144A 1,250,000 1,524 0.5%
WellDyneDx Inc. Term Loan 1st Lien F/R 10-12-2023 298,125 349 0.1%
Wells Fargo & Co. 2.51% 10-27-2023 650,000 634 0.2%
Wells Fargo & Co. 2.975% 05-19-2026 Series MPLE 1,700,000 1,644 0.5%
Wells Fargo & Co. 7.98% 03-15-2018 300,000 388 0.1%
Werner FinCo LP 8.75% 07-15-2025 Callable 2020 144A 110,000 138 0.0%
Werner FinCo LP Term Loan 1st Lien F/R 06-23-2024 300,000 375 0.1%
West Corp. Olympus Bridge Loan 02-07-2018 610,000 0.0%
YRC Worldwide Inc. Term Loan 1st Lien F/R 07-21-2022 280,000 348 0.1%
Total Investments -- 303,487 92.3%
Cash & Equivalents -- 27,673 7.8%
Currency Hedge Contracts -- 8,110 2.5%
Other Assets (Liabilities) -- -8,525 -2.6%
Total Net Assets -- 330,745 100.0%

Asset Allocation (%) Help Holdings by region and sector

As of August 31, 2017
  • Regional Allocation
      United States
    25.8%
      Canada
    21.3%
      Other
    16.5%
      Mexico
    10.3%
      Denmark
    7.3%
      Australia
    4.3%
      Turkey
    3.1%
      Norway
    2.8%
      Bahamas
    2.8%
      Netherlands
    2.0%
      Cash & Equivalents 3.8%
  • Sector Allocation
      Foreign Fixed Income 37.8%
      Corporate Bonds 37.5%
      Mutual&Pooled 6.2%
      Bank Loans 6.1%
      Other 4%
      Cash & Equivalents 3.8%
      Federal Bonds 2%
      Equities 1.4%
      Provincial Bonds 1.2%
Credit Allocation (%)
AAA 21.1%
AA 9.8%
A 25.6%
BBB 19.9%
BB 8.5%
B 8.4%
C 1%
NR 1.4%
Cash & Equivalents 2.6%

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 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. 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 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).