Fund Portfolio – Mackenzie Global Tactical Bond Fund Series F MFC4713 | Mackenzie Investments

Mackenzie Global Tactical Bond Fund Series F

Asset Class: Global Fixed Income

Major Holdings (%) Help Top holdings by percentage

As of August 31, 2019
Major holdings represent 32.4% of the fund.
View all holdings
Total # of
Equity Holdings
8
Total # of
Fixed Income Holdings
271
Holding name, country and sector Percentage of holding in fund
United States Treasury 1.01% 02-15-2048 Inflation Indexed
United States | Foreign Governments
6.1%
United States Treasury 2.38% 04-30-2026
United States | Foreign Governments
3.6%
United States Treasury 0.75% 07-15-2028 Inflation Indexed
United States | Foreign Governments
3.6%
United States Treasury 2.38% 05-15-2029
United States | Foreign Governments
3.5%
United States Treasury 0.87% 01-15-2029
United States | Foreign Governments
3.0%
Government of Japan 0% 11-11-2019
Japan | Foreign Governments
2.9%
Queensland Treasury Corp. 2.75% 08-20-2027
Australia | Foreign Governments
2.7%
Mackenzie Global High Yield Fixed Income ETF
Canada | Exchange Traded Funds
2.5%
Government of Mexico 7.50% 06-03-2027
Mexico | Foreign Governments
2.4%
United States Treasury 0.13% 07-15-2026 Inflation Indexed
United States | Foreign Governments
2.1%

Complete Fund Holdings Help Full holdings list

As of June 30, 2019
Holding Name No. of Shares/Units Market Value CAD (000s) % of NAV
407 International Inc. 3.14% 03-06-2030 Callable 2029 110,000 116 0.1%
407 International Inc. 3.60% 05-21-2047 Callable 540,000 595 0.3%
407 International Inc. 3.65% 09-08-2044 Callable MTN 130,000 144 0.1%
407 International Inc. 3.67% 03-08-2049 Callable 2048 160,000 179 0.1%
407 International Inc. 3.72% 05-11-2048 Callable 2047 690,000 778 0.4%
Abu Dhabi National Energy Co. 3.63% 06-22-2021 1,005,000 1,335 0.6%
Acproducts Inc. Term Loan 1st Lien F/R 02-14-2024 159,000 199 0.1%
Aegis Toxicology Sciences Corp. Term Loan B 1st Lien F/R 05-09-2025 69,475 88 0.0%
AI Ladder Luxembourg Term Loan B 1st Lien F/R 05-04-2025 131,079 167 0.1%
Aimco Realty Investors LP 2.712% 06-01-2029 Callable 2029 310,000 313 0.1%
AL Midcoast Holdings LLC Term Loan B 1st Lien F/R 06-28-2025 158,800 209 0.1%
Alcami Carolinas Corp. Term Loan 1st Lien F/R 07-06-2025 139,300 182 0.1%
Alchemy US Holdco LLC Term Loan B 1st Lien F/R 10-01-2025 118,500 154 0.1%
Allegiant Travel Co. Term Loan B 1st Lien F/R 01-29-2024 139,650 183 0.1%
AltaGas Ltd. Pfd. Series K 17,174 348 0.2%
Altice France SA Term Loan B13 1st Lien F/R 01-31-2026 99,100 127 0.1%
Anheuser-Busch InBev Finance Inc. 2.60% 05-15-2024 Callable 2024 450,000 451 0.2%
APFS Staffing Holdings Inc. Term Loan 1st Lien F/R 04-10-2026 90,000 117 0.1%
Apple Inc. 2.51% 08-19-2024 Callable 2024 2,590,000 2,633 1.2%
Asian Development Bank 6.00% 02-24-2021 55,000,000 1,033 0.5%
AT&T Inc. 2.85% 05-25-2024 120,000 121 0.1%
AT&T Inc. 4.00% 11-25-2025 Callable 2025 190,000 201 0.1%
AT&T Inc. 4.35% 03-01-2029 Callable 2028 130,000 183 0.1%
Ball Metalpack Finco LLC Term Loan B 1st Lien F/R 07-26-2025 108,900 141 0.1%
Bank of America Corp. F/R 02-07-2022 Callable 2021 1,100,000 1,649 0.8%
Bank of America Corp. F/R 04-25-2025 Callable 2024 330,000 336 0.2%
Bausch Health Cos Inc. Term Loan B 1st Lien F/R 05-24-2025 90,720 119 0.1%
BCPE Cycle Merger Sub II Inc. 10.63% 07-15-2027 Callable 2022 144A 420,000 559 0.3%
Brookfield Asset Management Inc. Pfd. Series 46 11,509 281 0.1%
Brookfield Asset Management Inc. Pfd. Series 48 10,768 252 0.1%
Brookfield Infrastructure Finance ULC 4.20% 09-11-2028 Callable 2028 590,000 619 0.3%
Brookfield Renewable Energy Partners ULC 3.63% 01-15-2027 Callable 2026 470,000 489 0.2%
Brookfield Renewable Partners LP Pfd. Series 11 31,771 689 0.3%
Brookfield Renewable Partners ULC 4.25% 01-15-2029 Callable 2028 420,000 452 0.2%
Bruce Power LP 3.97% 06-23-2026 340,000 364 0.2%
Bulldog Purchaser Inc. Delayed Draw Term Loan 1st Lien F/R 08-31-2025 4,952 6 0.0%
Bulldog Purchaser Inc. Term Loan B 1st Lien F/R 08-31-2025 124,422 162 0.1%
Burger King Worldwide Inc. Term Loan B 1st Lien F/R 02-16-2024 19,898 26 0.0%
BWAY Holding Co. 7.25% 04-15-2025 144A 350,000 443 0.2%
C&D Technologies Inc. Term Loan B 1st Lien F/R 12-13-2025 109,450 136 0.1%
Calceus Acquisition Inc. Term Loan B1 1st Lien F/R 02-08-2025 149,063 194 0.1%
California Resources Corp. 8.00% 12-15-2022 Callable 2019 144A 350,000 346 0.2%
Camelot Finance LP Term Loan 1st Lien F/R 10-03-2023 245,706 323 0.1%
Can Am Construction Inc./Canada Term Loan B 1st Lien F/R 07-01-2024 708,372 900 0.4%
Canada Goose Inc. Term Loan 1st Lien F/R 12-02-2024 192,068 250 0.1%
Canadian National Railway Co. 2.85% 12-15-2021 Callable 2021 250,000 332 0.2%
Canadian National Railway Co. 3.60% 07-31-2048 Callable 2048 340,000 375 0.2%
Canadian Pacific Railway Ltd. 3.15% 03-13-2029 Callable 2028 240,000 248 0.1%
CareCentrix Inc. Term Loan 1st Lien F/R 03-22-2025 329,375 431 0.2%
Casablanca US Holdings Inc. Term Loan 1st Lien F/R 03-31-2024 325,875 416 0.2%
CCL Industries Inc. 3.86% 04-13-2028 Callable 2028 360,000 383 0.2%
CCS-CMGC Holdings Inc. Term Loan 1st Lien F/R 09-25-2025 79,600 103 0.0%
Celestica Inc. Term Loan B 1st Lien F/R 06-27-2025 39,800 51 0.0%
CEVA Logistics Finance BV Term Loan B 1st Lien F/R 08-03-2025 120,000 139 0.1%
Chartwell Retirement Residences 4.21% 04-28-2025 Callable 2025 170,000 180 0.1%
Citadel LLC Term Loan B 1st Lien F/R 02-22-2026 410,000 538 0.2%
City of Oslo F/R 05-06-2026 11,000,000 1,697 0.8%
Coca-Cola Femsa SAB de CV 3.88% 11-26-2023 700,000 966 0.4%
Colbun SA 4.50% 07-10-2024 Callable 2024 730,000 1,006 0.5%
Commonwealth of Bahamas 5.75% 01-16-2024 1,750,000 2,451 1.1%
Commonwealth of Bahamas 6.95% 11-20-2029 410,000 600 0.3%
CommScope Inc. Term Loan B2 1st Lien F/R 02-07-2026 100,000 131 0.1%
CommScope Technologies Finance LLC 8.25% 03-01-2027 Callable 2022 144A 160,000 214 0.1%
CommScope Technologies LLC 5.00% 03-15-2027 Callable 2022 144A 40,000 46 0.0%
Concrete Pumping Merger Sub Inc. Term Loan 1st Lien F/R 11-14-2025 148,375 191 0.1%
Conterra Ultra Broadband Holdings Inc. Term Loan B 1st Lien F/R 04-26-2026 80,000 105 0.0%
Cooperatieve Rabobank UA F/R 11-27-2019 5,000,000 706 0.3%
Cordelio Amalco GP I 4.09% 06-30-2034 250,000 266 0.1%
Cordelio Amalco GP I 4.09% 09-30-2034 239,802 254 0.1%
Corporacion Andina de Fomento 3.25% 02-11-2022 160,000 214 0.1%
Corporacion Andina de Fomento 4.375% 06-15-2022 470,000 648 0.3%
Crown Subsea Communications Holding Inc. Term Loan 1st Lien F/R 11-02-2025 175,500 229 0.1%
CU Inc. 3.96% 07-27-2045 Callable 40,000 46 0.0%
Currency Call Option EUR/CNH 07-28-2019 Strike $8.00 15,100,000 6 0.0%
Currency Call Option EUR/USD 07-22-2019 Strike $1.16 15,400,000 20 0.0%
Currency Call Option GBP/USD 08-01-2019 Strike $1.295 11,300,000 33 0.0%
Currency Put Option USD/CAD 07-05-2019 Strike $1.3250 4,930,000 77 0.0%
Currency Put Option USD/CAD 07-11-2019 Strike $1.3050 22,600,000 87 0.0%
Dawn Acquisition LLC Term Loan 1st Lien F/R 10-25-2025 99,375 128 0.1%
Diamond 1 Finance Corp. 4.42% 06-15-2021 Callable 2021 144A 70,000 94 0.0%
Diamond 1 Finance Corp. 5.45% 06-15-2023 Callable 2023 144A 150,000 212 0.1%
Diamond 1 Finance Corp. 6.02% 06-15-2026 Callable 2026 144A 150,000 217 0.1%
Eastern Power LLC Term Loan B 1st Lien F/R 10-02-2023 77,518 102 0.0%
Electrical Components International Inc. Term Loan 1st Lien F/R 06-22-2025 168,300 203 0.1%
Enbridge Inc. 4.57% 03-11-2044 650,000 712 0.3%
Enbridge Inc. 5.37% 09-27-2077 Callable 2027 2,580,000 2,552 1.2%
Enbridge Inc. F/R 04-12-2078 Callable 2028 960,000 1,030 0.5%
ENC Holding Corp. Term Loan 1st Lien F/R 05-30-2025 69,505 90 0.0%
EnerCare Solutions Inc. 3.38% 02-21-2022 Callable 2022 750,000 762 0.4%
EnerCare Solutions Inc. 3.99% 02-21-2024 Callable 2023 570,000 589 0.3%
Ensono LP Term Loan 1st Lien F/R 04-30-2025 119,100 156 0.1%
EnTrans International LLC Term Loan 1st Lien F/R 10-29-2025 125,125 162 0.1%
EPCOR Utilities Inc. 3.11% 07-08-2049 Callable 2049 330,000 334 0.2%
EPCOR Utilities Inc. 3.55% 11-27-2047 Callable 2047 450,000 492 0.2%
Exela Intermediate LLC 10.00% 07-15-2023 Callable 2020 144A 800,000 854 0.4%
Export-Import Bank of Korea 1.93% 02-24-2020 144A 760,000 758 0.4%
Fairfax Financial Holdings Ltd. 4.23% 06-14-2029 Callable 2029 130,000 132 0.1%
Fairfax Financial Holdings Ltd. 4.25% 12-06-2027 Callable 2027 430,000 444 0.2%
Fairfax Financial Holdings Ltd. 8.30% 04-15-2026 670,000 1,069 0.5%
Federative Republic of Brazil 10.00% 01-01-2029 290,000 1,197 0.6%
First Eagle Holdings Inc. Term Loan B 1st Lien F/R 12-01-2024 149,625 196 0.1%
First Quantum Minerals Ltd. 7.25% 04-01-2023 Callable 2019 144A 210,000 267 0.1%
Forming Machining Industries Holdings LLC Term Loan 1st Lien F/R 10-03-2025 69,650 89 0.0%
Fortress Transportation and Infrastructure Investors LLC 6.50% 10-01-2025 Callable 2021 144A 90,000 122 0.1%
Foundation Building Materials LLC Term Loan B 1st Lien F/R 05-11-2025 79,600 104 0.0%
Frontera Generation Holdings LLC Term Loan B 1st Lien F/R 04-25-2025 119,100 153 0.1%
Fusion Connect Inc. Term Loan 1st Lien F/R 06-03/2019 4,700 6 0.0%
Fusion Connect Inc. Term Loan B 1st Lien F/R 05-03-2023 137,524 122 0.1%
Fusion Connect Inc. Term Loan DIP 1st Lien F/R 10-03-2019 9,000 12 0.0%
Futures Contracts -855 -0.4%
General Electric Capital Corp. F/R 07-30-2019 11,000,000 1,553 0.7%
General Electric Co. 8.35% 09-03-2022 19,000,000 1,288 0.6%
General Electric Co. F/R 12-08-2021 4,000,000 552 0.3%
GFL Environmental Inc. 5.38% 03-01-2023 Callable 2020 144A 36,000 47 0.0%
GFL Environmental Inc. 5.63% 05-01-2022 Callable 2019 144A 24,000 32 0.0%
GFL Environmental Inc. 7.00% 06-01-2026 Callable 2021 144A 50,000 67 0.0%
Gibson Energy Inc. 5.25% 07-15-2024 Callable 2020 REGS 499,000 522 0.2%
GLOBALFOUNDRIES Inc. Term Loan B 1st Lien F/R 05/24/2026 270,000 349 0.2%
Government of Argentina 6.88% 04-22-2021 670,000 765 0.4%
Government of Aruba 4.63% 09-14-2023 250,000 336 0.2%
Government of Australia 3.25% 04-21-2029 3,420,000 3,692 1.7%
Government of Bermuda 3.72% 01-25-2027 Callable 2026 640,000 861 0.4%
Government of Bermuda 4.85% 02-06-2024 2,206,000 3,141 1.5%
Government of Cayman Islands 5.95% 11-24-2019 500,000 677 0.3%
Government of Cayman Islands 5.95% 11-24-2019 144A 950,000 1,260 0.6%
Government of Chile 4.00% 03-01-2023 280,000,000 566 0.3%
Government of Chile 4.50% 03-01-2021 500,000,000 997 0.5%
Government of Dominican Republic 7.45% 04-30-2044 970,000 1,482 0.7%
Government of Dominican Republic 7.50% 05-06-2021 633,333 875 0.4%
Government of El Salvador 7.38% 12-01-2019 1,070,000 1,413 0.7%
Government of Japan 0% 08-13-2019 500,000,000 6,075 2.8%
Government of Mexico 7.50% 06-03-2027 44,880,000 3,065 1.4%
Government of Qatar 4.50% 01-20-2022 760,000 1,054 0.5%
Greater Toronto Airports Authority 2.73% 04-03-2029 Callable 2029 120,000 124 0.1%
Hadrian Merger Sub Inc. 8.50% 05-01-2026 Callable 2021 144A 581,000 726 0.3%
Halo Buyer Inc. Term Loan 1st Lien F/R 06-28-2025 69,479 90 0.0%
Heathrow Funding Ltd. 3.40% 03-08-2028 650,000 678 0.3%
Heathrow Funding Ltd. 3.79% 09-04-2030 Callable 2030 410,000 435 0.2%
Hornblower Sub LLC Term Loan 1st Lien F/R 04-28-2025 377,359 495 0.2%
HSBC Holdings PLC 0.45% 09-24-2021 200,000,000 2,446 1.1%
Hydro One Inc. 2.54% 04-05-2024 Callable 2024 270,000 275 0.1%
Hydro One Inc. 3.72% 11-18-2047 300,000 331 0.2%
IEA Energy Services LLC Term Loan 1st Lien F/R 09-25-2024 180,500 222 0.1%
II-VI Inc. Term Loan B 1st Lien F/R 05-08-2026 190,000 246 0.1%
Innovative Water Care Global Corp. Term Loan 1st Lien F/R 02-27-2026 139,650 174 0.1%
Institutional Shareholder Services Inc. Term Loan 1st Lien F/R 02-26-2026 120,000 156 0.1%
Intelsat Jackson Holdings SA 8.50% 10-15-2024 Callable 2020 144A 350,000 459 0.2%
Inter Pipeline Ltd. 2.73% 04-18-2024 Callable 2024 350,000 352 0.2%
Inter Pipeline Ltd. 3.48% 12-16-2026 Callable 2026 340,000 352 0.2%
Inter Pipeline Ltd. F/R 03-26-2079 Callable 2029 130,000 135 0.1%
Inter-American Development Bank 7.88% 03-14-2023 9,050,000,000 879 0.4%
Interior Logic Group Holdings IV LLC Term Loan B 1st Lien F/R 05-21-2025 238,200 308 0.1%
Intermedia Holdings Inc. Term Loan B 1st Lien F/R 07-13-2025 129,350 170 0.1%
International Finance Corp. 7.00% 07-20-2027 73,700,000 4,829 2.2%
International Textile Group Inc. Term Loan 1st Lien F/R 04-19-2024 176,131 215 0.1%
Isagenix International LLC Term Loan 1st Lien F/R 04-26-2025 209,000 218 0.1%
iShares Barclays Capital TB ETF Put Option @ $116.00 Exp. 09-20-2019 285 4 0.0%
iShares Barclays Capital TB ETF Put Option @ $117.00 Exp. 09-20-2019 285 4 0.0%
iShares iBoxx $ High Yield Corporate Bond ETF Put Option @ $84.00 Exp. 07-19-2019 560 6 0.0%
iShares iBoxx $ High Yield Corporate Bond ETF Put Option @ $86.00 Exp. 07-19-2019 300 8 0.0%
iShares iBoxx $ High Yield Corporate Bond ETF Put Option @ $86.50 Exp. 07-19-2019 450 20 0.0%
iShares J.P. Morgan USD Emerging Markets Bond ETF 8,000 1,187 0.5%
Ivanhoe Cambridge II Inc. 2.91% 06-27-2023 Callable 2023 240,000 247 0.1%
Jane Street Group LLC. Term Loan B 1st Lien F/R 08-25-2022 139,648 182 0.1%
JP Intermediate B LLC Term Loan 1st Lien F/R 10-19-2025 78,000 89 0.0%
Keane Group Holdings LLC Term Loan B 1st Lien F/R 05-18-2025 128,700 167 0.1%
Kestrel Acquisition LLC Term Loan B 1st Lien F/R 05-02-2025 178,399 229 0.1%
Keyera Corp. F/R 06-13-2079 Callable 2029 150,000 152 0.1%
Kommuninvest I Sverige AB 2.50% 12-01-2020 6,000,000 879 0.4%
Kruger Products LP 6.00% 04-24-2025 Callable 2021 100,000 97 0.0%
L&W Inc. Term Loan 1st Lien F/R 05-17-2025 153,264 197 0.1%
LABL Escrow Issuer LLC 10.50% 07-15-2027 Callable 2022 144A 495,000 652 0.3%
LABL Escrow Issuer LLC 6.75% 07-15-2026 Callable 2022 144A 91,000 121 0.1%
Lancer Finance Co. SPV Ltd. 5.85% 12-12-2040 144A 103,683 0.0%
LifeMiles Ltd. Term Loan B 1st Lien F/R 08-18-2022 279,892 367 0.2%
LifeScan Global Corp. Term Loan 1st Lien F/R 06-19-2024 376,350 472 0.2%
Mackenzie Floating Rate Income ETF 47,338 989 0.5%
Mackenzie Global High Yield Fixed Income ETF 279,200 5,463 2.5%
Mackenzie Unconstrained Fixed Income Fund Series R 169,823 1,690 0.8%
Mackenzie US High Yield Bond Index ETF (CAD-Hedged) 17,229 1,683 0.8%
Mackenzie US Investment Grade Corporate Bond Index ETF (CAD-Hedged) 54,591 5,568 2.6%
Manulife Financial Corp. F/R 05-09-2028 Callable 2023 260,000 268 0.1%
Matterhorn Merger Sub LLC 8.50% 06-01-2026 Callable 2021 144A 188,000 218 0.1%
McDermott Technology Americas Inc. Term Loan B 1st Lien F/R 04-05-2025 127,330 164 0.1%
Meredith Corp. Term Loan B 1st Lien F/R 01-31-2025 231,495 303 0.1%
Minotaur Acquisition Inc. Term Loan 1st Lien F/R 02-27-2026 159,600 206 0.1%
Multi-Color Corp. Bridge Loan Exp. 02-25-2020 310,000 0.0%
Multi-Color Corp. Term Loan B 1st Lien F/R 06-17-2026 110,000 144 0.1%
MyNEXUS Inc. Term Loan 1st Lien F/R 06-19-2024 100,000 128 0.1%
Natel Engineering Co. Inc. Term Loan B 1st Lien F/R 04-29-2026 80,000 105 0.0%
Neenah Foundry Co. Term Loan B 1st Lien F/R 12-08-2022 147,095 191 0.1%
New Red Finance Inc. 5.00% 10-15-2025 Callable 2020 144A 70,000 93 0.0%
Nexstar Escrow Inc. 5.63% 07-15-2027 Callable 2022 144A 83,000 112 0.1%
Nexstar Media Group Inc. Bridge Loan Exp. 11-30-2019 290,000 0.0%
Nine Energy Service Inc. 8.75% 11-01-2023 Callable 2020 144A 350,000 448 0.2%
Norbord Inc. 5.75% 07-15-2027 Callable 2022 144A 60,000 80 0.0%
Nouvelle Autoroute 30 Financement Inc. 4.11% 03-31-2042 339,923 380 0.2%
Nova Scotia Power Inc. 3.57% 04-05-2049 Callable 2048 170,000 182 0.1%
NRG Yield Operating LLC 5.38% 08-15-2024 Callable 430,000 574 0.3%
OCI Beaumont LLC Term Loan B 1st Lien F/R 02-16-2025 158,000 207 0.1%
Office Depot Inc. Term Loan B 1st Lien F/R 11-08-2022 177,545 236 0.1%
OMERS Finance Trust 2.60% 05-14-2029 390,000 401 0.2%
Ontario Power Generation Inc. 4.25% 01-18-2049 Callable 2048 165,000 191 0.1%
Osteon Merger Sub Inc. Term Loan B 1st Lien F/R 02-06-2025 68,827 90 0.0%
Panther BF Aggregator 2 LP 8.50% 05-15-2027 Callable 2022 144A 450,000 607 0.3%
Panther BF Aggregator 2 LP Term Loan B 1st Lien F/R 03-18-2026 120,000 156 0.1%
Park Aerospace Holdings Ltd. 5.25% 08-15-2022 144A 20,000 28 0.0%
Parkland Fuel Corp. 5.88% 07-15-2027 Callable 2022 144A 18,000 24 0.0%
Parkland Fuel Corp. 6.00% 04-01-2026 Callable 2021 144A 188,000 253 0.1%
Pembina Pipeline Corp. 3.62% 04-03-2029 Callable 2029 210,000 218 0.1%
PepsiCo Inc. 2.50% 11-01-2022 150,000 262 0.1%
Petroleos De Venezuela SA 6.00% 05-16-2024 290,000 86 0.0%
Petroleos Mexicanos 6.50% 01-23-2029 260,000 330 0.2%
Pisces Midco Inc. 8.00% 04-15-2026 Callable 2021 144A 91,000 116 0.1%
PLH Group Inc. Term Loan 1st Lien F/R 08-06-2023 88,016 114 0.1%
Pluto Acquisition I Inc. Term Loan 1st Lien F/R 06-18-2026 110,000 143 0.1%
Polymer Process Holdings Inc. Term Loan 1st Lien F/R 04-29-2026 130,000 168 0.1%
Prairie ECI Acquiror LP Term Loan 1st Lien F/R 03-07-2026 29,925 39 0.0%
Project Leopard Holdings Inc. Term Loan 1st Lien F/R 07-07-2023 149,250 196 0.1%
Prospect Medical Holdings Inc. Term Loan B 1st Lien F/R 02-15-2024 326,352 405 0.2%
Province of Newfoundland 3.00% 06-02-2026 140,000 148 0.1%
Province of Newfoundland 3.70% 10-17-2048 80,000 94 0.0%
Province of Ontario 2.65% 12-02-2050 230,000 239 0.1%
Province of Saskatchewan 3.05% 12-02-2028 1,920,000 2,062 1.0%
PS HoldCo LLC Term Loan 1st Lien F/R 03-02-2025 79,400 103 0.0%
Quebecor Media Inc. 6.63% 01-15-2023 144A 115,000 124 0.1%
Queensland Treasury Corp. 2.75% 08-20-2027 6,800,000 6,740 3.1%
Rabobank Nederland of NY 2.50% 01-19-2021 250,000 329 0.2%
Rackspace Hosting Inc. 8.63% 11-15-2024 Callable 2019 144A 620,000 749 0.3%
Radiate Holdco LLC Term Loan 1st Lien F/R 02-01-2024 80,000 104 0.0%
Reliance Intermediate Holdings LP 6.50% 04-01-2023 Callable 2020 144A 145,000 196 0.1%
Republic of Argentina 5.88% 01-11-2028 1,860,000 1,850 0.9%
Republic of Argentina 6.88% 01-11-2048 360,000 352 0.2%
Republic of South Africa 8.00% 01-31-2030 30,320,000 2,663 1.2%
Research Now Group Inc. Term Loan 1st Lien F/R 12-20-2024 305,301 399 0.2%
Rite Aid Corp. 7.70% 02-15-2027 1,600,000 1,252 0.6%
Rogers Communications Inc. 3.25% 05-01-2029 Callable 2029 280,000 287 0.1%
Russian Federal Loan Bond - OFZ 7.05% 01-19-2028 142,000,000 2,906 1.3%
Santander Consumer Bank AS F/R 03-30-2020 11,000,000 1,556 0.7%
Saudi Arabian Oil Co. 2.75% 04-16-2022 144A 200,000 264 0.1%
Saudi Arabian Oil Co. 2.88% 04-16-2024 144A 1,860,000 2,452 1.1%
Savage Enterprises LLC Term Loan B 1st Lien F/R 07-02-2025 139,505 183 0.1%
Sempra Energy 2.85% 11-15-2020 Callable 2020 250,000 329 0.2%
Sigma Bidco BV Term Loan B 1st Lien F/R 03-07-2025 210,000 307 0.1%
SIRVA Worldwide Inc. Term Loan 1st Lien F/R 07-31-2025 150,100 191 0.1%
SIWF Holdings Inc. Term Loan 1st Lien F/R 05-25-2025 99,000 129 0.1%
Source Energy Services Canada LP 10.50% 12-15-2021 Callable 2019 144A 174,000 162 0.1%
Source Energy Services Ltd. 1,160 1 0.0%
Spirit AeroSystems Inc. 3.95% 06-15-2023 Callable 2023 230,000 311 0.1%
Sprint Spectrum Co. LLC 4.74% 03-20-2025 144A 280,000 381 0.2%
SS&C Technologies Inc. Term Loan B5 1st Lien F/R 04-16-2025 89,316 117 0.1%
St. Joseph Energy Center LLC Term Loan 1st Lien F/R 04-06-2025 124,121 162 0.1%
Starfruit US Holdco LLC 8.00% 10-01-2026 Callable 2021 144A 50,000 68 0.0%
Stars Group Holdings BV Term Loan B 1st Lien F/R 07-10-2025 73,801 97 0.0%
Suncor Energy Inc. 3.10% 05-24-2029 Callable 2029 270,000 277 0.1%
Superior Plus LP 7.00% 07-15-2026 Callable 2021 144A 130,000 176 0.1%
Syniverse Holdings Inc. Term Loan 1st Lien F/R 02-09-2023 89,100 108 0.0%
Sysco Canada Inc. 3.65% 04-25-2025 Callable 2025 430,000 452 0.2%
TC Energy Corp. Pfd. Series 15 16,865 422 0.2%
Telefonica Emisiones SAU 5.597% 03-12-2020 200,000 342 0.2%
Telus Corp. 2.75% 07-08-2026 220,000 221 0.1%
TELUS Corp. 3.30% 05-02-2029 Callable 2029 160,000 164 0.1%
TerraForm Power Operating LLC 5.00% 01-31-2028 Callable 2027 144A 160,000 211 0.1%
Teva Pharmaceutical Industries Ltd. 2.80% 07-21-2023 389,000 442 0.2%
The Goldman Sachs Group Inc. 5.20% 12-17-2019 4,220,000 3,762 1.7%
The Pasha Group Term Loan B 1st Lien F/R 12-13-2022 199,219 264 0.1%
Thor Industries Inc. Term Loan B 1st Lien F/R 11-01-2025 199,170 258 0.1%
Titan Acquisition Ltd. 7.75% 04-15-2026 Callable 2021 144A 80,000 95 0.0%
TMX Group Ltd. 2.30% 12-11-2024 Callable 2024 250,000 257 0.1%
TMX Group Ltd. 3.78% 06-05-2028 Callable 2028 230,000 246 0.1%
Total Return Swap BKLN 05-10-2019 -8 0.0%
Total Return Swap EMB 06-12-2019 32 0.0%
Total Return Swap SHYG 05-10-2019 2 0.0%
TransAlta Corp. Pfd. Series A 30,728 331 0.2%
TransCanada Pipelines Ltd. 3.39% 03-15-2028 Callable 2027 370,000 389 0.2%
TransCanada PipeLines Ltd. 3.69% 07-19-2023 100,000 105 0.0%
TransCanada PipeLines Ltd. 3.80% 10-01-2020 500,000 666 0.3%
TransCanada Trust F/R 05-18-2077 Callable 2027 640,000 611 0.3%
Travelport Finance Luxembourg Sarl Term Loan 1st Lien F/R 03-18-2026 250,000 309 0.1%
Treasury Corp. of Victoria 3.00% 10-20-2028 4,975,000 5,063 2.3%
Trico Group LLC Term Loan 1st Lien F/R 02-02-2024 203,487 258 0.1%
Trulieve Cannabis Corp. 9.75% 06-18-2024 90,000 114 0.1%
Trulieve Cannabis Corp. Warrants Exp.06-18-2022 1,890 6 0.0%
Uber Technologies Inc. Term Loan B 1st Lien F/R 07-13-2023 805,182 1,055 0.5%
Ultra Clean Holdings Inc. Term Loan B 1st Lien F/R 08-27-2025 219,116 273 0.1%
Unimin Corp. Term Loan 1st Lien F/R 05-21-2025 158,176 168 0.1%
Union Gas Ltd. 3.59% 11-22-2047 Callable 2047 200,000 219 0.1%
United States Treasury 0.13% 07-15-2024 Inflation Indexed 1,280,000 1,802 0.8%
United States Treasury 0.50% 04-15-2024 Inflation Indexed 1,590,000 2,137 1.0%
United States Treasury 0.75% 07-15-2028 Inflation Indexed 5,390,000 7,490 3.5%
United States Treasury 0.87% 01-15-2029 Inflation Indexed 3,000,000 4,136 1.9%
United States Treasury 1.00% 02-15-2049 Inflation Indexed 1,910,000 2,689 1.2%
United States Treasury 1.01% 02-15-2048 Inflation Indexed 8,180,000 11,676 4.6%
United States Treasury 2.38% 04-30-2026 5,590,000 7,563 3.5%
United States Treasury 2.88% 09-30-2023 520,000 713 0.3%
United States Treasury 2.88% 10-31-2023 90,000 123 0.1%
US Renal Care Inc. Term Loan B 1st Lien F/R 06-14-2026 170,000 219 0.1%
Vancouver Airport Authority 3.66% 11-23-2048 Callable 2048 350,000 410 0.2%
VanEck Vectors J.P. Morgan EM Local Currency Bond ETF 96,300 4,376 2.0%
VeriFone Systems Inc. Term Loan 1st Lien F/R 08-09-2025 99,500 127 0.1%
Vertex Aerospace Services Corp. Term Loan B 1st Lien F/R 06-14-2025 89,100 117 0.1%
Victory Capital Holdings Inc. Term Loan B 1st Lien F/R 06-07-2026 60,000 79 0.0%
Vistage Worldwide Inc. Term Loan 1st Lien F/R 02-01-2025 167,875 219 0.1%
Vodafone Group PLC 3.75% 01-16-2024 180,000 247 0.1%
VVC Holding Corp. Term Loan B 1st Lien F/R 02-07-2026 230,000 301 0.1%
Vyaire Medical Inc. Term Loan B 1st Lien F/R 04-06-2025 158,400 188 0.1%
Wells Fargo & Co. 3.19% 02-08-2024 Callable 2024 340,000 350 0.2%
Welltower Inc. 4.13% 03-15-2029 Callable 2028 230,000 320 0.1%
Williams Scotsman International Inc. 7.88% 12-15-2022 Callable 2019 144A 185,000 255 0.1%
Yak Access LLC Term Loan B 1st Lien F/R 06-26-2025 276,500 335 0.2%
YRC Worldwide Inc. Term Loan 1st Lien F/R 07-21-2022 268,603 348 0.2%
Zotec Partners LLC Term Loan 1st Lien F/R 02-09-2024 232,500 304 0.1%
Total Investments -- 208,730 96.4%
Cash & Equivalents -- 4,968 2.3%
Currency Hedge Contracts -- 2,722 1.3%
Other Assets (Liabilities) -- -103 0.0%
Total Net Assets -- 216,317 100.0%

Asset Allocation (%) Help Holdings by region and sector

As of August 31, 2019
  • Regional Allocation
      United States
    43.0%
      Canada
    19.2%
      Other
    17.8%
      Australia
    4.6%
      Mexico
    3.1%
      Japan
    2.8%
      Russia
    1.8%
      Bermuda
    1.6%
      United Kingdom
    1.6%
      Chile
    1.5%
      Cash & Equivalents 3.0%
  • Sector Allocation
      Foreign Fixed Income 47.4%
      Corporate Bonds 25.4%
      Bank Loans 10%
      Mutual&Pooled 9.3%
      Other 3.1%
      Cash & Equivalents 3%
      Equities 1.1%
      Provincial Bonds 0.7%
Credit Allocation (%)
AAA 5.9%
AA 33.4%
A 17.7%
BBB 13.8%
BB 9.8%
B 12%
CCC & Below 2.1%
NR 0.9%
Cash & Equivalents 2.4%
Equities 1.9%

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.

Effective June 1, 2018, the management fee and/or administration fee of series F, PW, PWB, PWT, PWFB, and PWX of the fund was reduced. The new fees will not be fully reflected in the current MER until the semi-annual MER for the period ended September 30, 2019.

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 ratings issued by a designated rating organization.