Fund Portfolio – Mackenzie Global Tactical Investment Grade Bond Fund Series A MFC4804 MFC7242 MFC4805 | Mackenzie Investments

Mackenzie Global Tactical Investment Grade Bond Fund Series A

Asset Class: Global Fixed Income

Major Holdings (%) Help Top holdings by percentage

As of December 31, 2018
Major holdings represent 27% of the fund.
View all holdings
Total # of
Equity Holdings
7
Total # of
Fixed Income Holdings
229
Holding name, country and sector Percentage of holding in fund
United States Treasury 1.01% 02-15-2048 Inflation Indexed
United States | Foreign Governments
3.7%
Queensland Treasury Corp. 2.75% 08-20-2027
Australia | Foreign Governments
3.3%
Government of Japan 0.10% 02-15-2019
Japan | Foreign Governments
3.0%
Government of Japan 0.10% 09-20-2019
Japan | Foreign Governments
2.7%
United States Treasury 0.50% 01-15-2028 Inflation Indexed
United States | Foreign Governments
2.7%
United Kingdom Treasury 4.25% 12-07-2027
United Kingdom | Foreign Governments
2.7%
Treasury Corp. of Victoria 3.00% 10-20-2028
Australia | Foreign Governments
2.5%
Mackenzie US Investment Grade Corporate Bond Index ETF
Canada | Exchange Traded Funds
2.5%
Mackenzie Global High Yield Fixed Income ETF
Canada | Exchange Traded Funds
2.0%
Government of Qatar 6.55% 04-09-2019
Qatar | Foreign Governments
2.0%

Complete Fund Holdings Help Full holdings list

As of October 31, 2018
Holding Name No. of Shares/Units Market Value CAD (000s) % of NAV
407 International Inc. 3.60% 05-21-2047 Callable 150,000 142 0.2%
AbbVie Inc. 3.75% 11-14-2023 Callable 2023 30,000 39 0.1%
African Development Bank F/R 02-24-2019 3,000,000 431 0.6%
AIMCo Realty Investors LP 3.04% 06-01-2028 Callable 2028 110,000 106 0.2%
AltaGas Ltd. 3.98% 10-04-2027 Callable 2027 100,000 97 0.1%
AltaGas Ltd. Pfd. Series K 4,774 109 0.2%
Amneal Pharmaceuticals LLC Term loan B 1st Lien F/R 03-23-2025 99,727 132 0.2%
Anheuser-Busch InBev Worldwide Inc. 2.50% 07-15-2022 175,000 220 0.3%
Arch Merger Sub Inc. 8.50% 09-15-2025 Callable 2020 120,000 143 0.2%
Aroundtown SA 4.63% 09-18-2025 Callable 2025 100,000 99 0.1%
Asian Development Bank 5.90% 12-20-2022 18,330,000 308 0.4%
Asian Development Bank 6.00% 02-24-2021 18,500,000 319 0.5%
Asian Development Bank 6.45% 08-08-2021 9,950,000 173 0.2%
AT&T Inc. 2.35% 09-05-2029 Callable 2029 120,000 157 0.2%
AT&T Inc. 4.00% 11-25-2025 Callable 2025 190,000 187 0.3%
AT&T Inc. 4.90% 08-14-2037 144A 330,000 425 0.6%
ATS Consolidated Inc. Term Loan B 1st Lien F/R 02-23-2025 39,800 53 0.1%
Aviva PLC 4.50% 05-10-2021 210,000 215 0.3%
Avolon Holdings Funding Ltd. 5.13% 10-01-2023 Callable 2023 20,000 26 0.0%
Ball Metalpack Finco LLC Term Loan B 1st Lien F/R 07-26-2025 19,950 26 0.0%
Bank of America Corp. 3.228% 06-22-2022 100,000 99 0.1%
Bank of America Corp. 3.30% 04-24-2024 Callable 2023 180,000 178 0.3%
Bank of America Corp. 3.95% 04-21-2025 155,000 198 0.3%
Bank of America Corp. F/R 02-07-2022 Callable 2021 300,000 450 0.6%
Bank of America Corp. F/R 09-20-2025 Callable 2024 240,000 236 0.3%
Bank of Montreal 2.27% 07-11-2022 310,000 301 0.4%
Bank of Montreal 2.70% 09-11-2024 DPNT 50,000 48 0.1%
Bank of Montreal 3.32% 06-01-2026 50,000 50 0.1%
Bank of Montreal F/R 12-15-2032 Callable 2027 170,000 206 0.3%
bcIMC Realty Corp. 3.00% 03-31-2027 Callable 2026 190,000 184 0.3%
Bell Canada 3.60% 09-29-2027 Callable MTN 190,000 184 0.3%
Bell Canada 3.80% 08-21-2028 Callable 2028 110,000 107 0.2%
BP Capital Markets PLC 3.47% 05-15-2025 210,000 208 0.3%
Brookfield Asset Management Inc. Pfd. Series 46 6,420 164 0.2%
Brookfield Asset Management Inc. Pfd. Series 48 4,370 108 0.2%
Brookfield Infrastructure Finance ULC 4.20% 09-11-2028 Callable 2018 220,000 214 0.3%
Brookfield Renewable Energy Partners ULC 3.63% 01-15-2027 Callable 2026 340,000 326 0.5%
Brookfield Renewable Partners LP Pfd. Series 11 8,666 214 0.3%
Brookfield Renewable Partners ULC 4.25% 01-15-2029 Callable 2028 120,000 119 0.2%
Bruce Power LP 3.00% 06-21-2024 Callable 2024 270,000 261 0.4%
Bruce Power LP 3.97% 06-23-2026 170,000 171 0.2%
Bulldog Purchaser Inc. Delayed Draw Term Loan 1st Lien F/R 08-31-2025 7,048 9 0.0%
Bulldog Purchaser Inc. Term Loan B 1st Lien F/R 08-31-2025 12,952 17 0.0%
Canada Goose Inc. Term Loan 1st Lien F/R 12-22-2021 100,000 132 0.2%
Canadian Imperial Bank of Commerce F/R 04-04-2028 Callable 2023 160,000 157 0.2%
Canadian National Railway Co. 3.60% 07-31-2048 Callable 2048 100,000 94 0.1%
Canadian Western Bank 2.74% 06-16-2022 DPNT 80,000 78 0.1%
Canadian Western Bank 2.751% 06-29-2020 100,000 99 0.1%
Canadian Western Bank 2.92% 12-15-2022 180,000 176 0.3%
Cards II Trust 2.155% 10-15-2020 210,000 207 0.3%
Careerbuilder LLC Term Loan 1st Lien F/R 07-31-2023 81,205 107 0.2%
CCL Industries Inc. 3.86% 04-13-2028 Callable 2028 130,000 128 0.2%
Central 1 Credit Union 2.60% 11-07-2022 130,000 126 0.2%
CEVA Logistics Finance BV Term Loan B 1st Lien F/R 07-25-2025 20,000 26 0.0%
Chartwell Retirement Residences 3.79% 12-11-2023 Callable 2023 200,000 198 0.3%
Chartwell Retirement Residences 4.21% 04-28-2025 Callable 2025 60,000 60 0.1%
Choice Properties Real Estate Investment Trust 4.18% 03-08-2028 Callable 2027 240,000 235 0.3%
CI Financial Corp. 3.52% 07-20-2023 Callable 2023 80,000 79 0.1%
City of Oslo 2.35% 09-04-2024 6,000,000 936 1.4%
City of Oslo 3.65% 11-08-2023 1,000,000 166 0.2%
City of Stockholm F/R 02-15-2022 2,000,000 296 0.4%
Coca-Cola Femsa SAB de CV 2.375% 11-26-2018 150,000 197 0.3%
Coca-Cola Femsa SAB de CV 3.88% 11-26-2023 400,000 523 0.8%
Comfort Holding LLC Term Loan 1st Lien F/R 02-05-2024 108,350 135 0.2%
Commonwealth of Bahamas 6.95% 11-20-2029 350,000 494 0.7%
CU Inc. 3.964% 07-27-2045 Callable 10,000 10 0.0%
Currency Call Option CAD/KRW 04-03-2019 Strike $900.00 2,510,000 26 0.0%
Currency Call Option NOK/EUR 12-14-2018 Strike $9.30 4,070,000 5 0.0%
Currency Call Option USD/EUR 12-31-2018 Strike $1.10 4,330,000 18 0.0%
Currency Call Option USD/THB 12-21-2018 Strike $33.00 3,770,000 53 0.1%
Currency Call Option USD/TRY 01-22-2019 Strike $7.00 630,000 6 0.0%
Currency Written Call Option NOK/EUR 12-14-2018 Strike $8.90 -4,070,000 0.0%
Danske Bank AS 2.75% 09-17-2020 200,000 258 0.4%
Danske Bank AS F/R 05-22-2020 2,000,000 290 0.4%
Digicert Holdings Inc. Term Loan 1st Lien F/R 09-20-2024 19,875 26 0.0%
Eagle Credit Card Trust 2.63% 10-17-2022 70,000 68 0.1%
Eastern Power LLC Term Loan B 1st Lien F/R 10-02-2023 10,000 13 0.0%
Emera Inc. 2.90% 06-16-2023 120,000 116 0.2%
Enbridge Inc. 3.20% 06-08-2027 Callable 2027 110,000 103 0.1%
Enbridge Inc. 4.57% 03-11-2044 160,000 154 0.2%
Enbridge Inc. 5.37% 09-27-2077 Callable 2027 720,000 672 1.0%
Enbridge Inc. F/R 04-12-2078 Callable 2028 240,000 243 0.4%
EnerCare Solutions Inc. 3.38% 02-21-2022 Callable 2022 190,000 188 0.3%
EnerCare Solutions Inc. 3.99% 02-21-2024 Callable 2023 150,000 148 0.2%
Energizer Holdings Inc. Bridge Loan Exp. 05-18-2019 80,000 0.0%
Ensono LP Term Loan 1st Lien F/R 04-30-2025 49,875 66 0.1%
EPCOR Utilities Inc. 3.55% 11-27-2047 Callable 2047 130,000 122 0.2%
EPR Properties 4.95% 04-15-2028 Callable 2028 110,000 140 0.2%
Fairfax Financial Holdings Ltd. 4.25% 12-06-2027 Callable 2027 120,000 117 0.2%
Fairfax Financial Holdings Ltd. 8.30% 04-15-2026 190,000 300 0.4%
Federal Republic of Germany 1.25% 08-15-2048 450,000 710 1.0%
Federation des Caisses Desjardins du Quebec 3.06% 09-11-2023 190,000 188 0.3%
Financial & Risk US Holdings Inc. 8.25% 11-15-2026 Callable 2021 120,000 154 0.2%
Financial & Risk US Holdings Inc. Term Loan B 1st Lien F/R 10-01-2025 250,000 328 0.5%
Fortified Trust 1.67% 07-23-2021 240,000 231 0.3%
Fortified Trust 2.16% 10-23-2020 360,000 355 0.5%
Fortress Transportation and Infrastructure Investors LLC 6.50% 10-01-2025 Callable 2021 30,000 39 0.1%
Fresenius US Finance II Inc. 4.25% 02-01-2021 350,000 464 0.7%
Fusion Connect Inc. Term Loan B 1st Lien F/R 05-03-2023 48,750 61 0.1%
Futures Contracts 35 0.1%
General Electric Capital Corp. F/R 07-30-2019 2,000,000 289 0.4%
General Electric Co. 8.35% 09-03-2022 6,000,000 372 0.5%
Gibson Energy Inc. 5.25% 07-15-2024 Callable 2020 REGS 130,000 130 0.2%
Glacier Credit Card Trust 3.14% 09-20-2023 90,000 89 0.1%
Government of Aruba 6.50% 01-31-2029 500,000 660 1.0%
Government of Australia 2.25% 05-21-2028 1,150,000 1,039 1.5%
Government of Bermuda 4.138% 01-03-2023 200,000 266 0.4%
Government of Bermuda 4.854% 02-06-2024 580,000 790 1.1%
Government of Bermuda 5.60% 07-20-20 160,000 216 0.3%
Government of Canada 2.50% 06-01-2024 170,000 170 0.2%
Government of Cayman Islands 5.95% 11-24-2019 400,000 541 0.8%
Government of Ireland 1.00% 05-15-2026 325,000 497 0.7%
Government of Japan 0.10% 02-15-2019 170,000,000 1,984 2.9%
Government of Qatar 6.55% 04-09-2019 1,000,000 1,335 1.9%
Government of Russia 7.05% 01-19-2028 40,500,000 740 1.1%
H&R Real Estate Investment Trust 3.37% 01-30-2024 Callable 2023 130,000 125 0.2%
H&R Real Estate Investment Trust 3.42% 01-23-2023 Callable 2022 90,000 88 0.1%
Hadrian Merger Sub Inc. 8.50% 05-01-2026 Callable 2021 77,000 97 0.1%
Heartland Dental LLC Delay Draw Term Loan 1st Lien F/R 04-17-2025 16,957 22 0.0%
Heartland Dental LLC Term Loan 1st Lien F/R 04/17/2025 112,761 148 0.2%
Heathrow Funding Ltd. 3.25% 05-21-2025 200,000 196 0.3%
Heathrow Funding Ltd. 3.40% 03-08-2028 210,000 204 0.3%
Heathrow Funding Ltd. 3.79% 09-04-2030 Callable 2030 120,000 117 0.2%
Heathrow Funding Ltd. 4.875% 07-15-2021 225,000 305 0.4%
Hollis Receivables Term Trust II 1.788% 02-26-2020 380,000 375 0.5%
Hornblower Sub LLC Term Loan 1st Lien F/R 04-28-2025 79,600 105 0.2%
HSBC Bank Canada 3.25% 09-15-2023 160,000 159 0.2%
HSBC Holdings PLC 0.45% 09-24-2021 100,000,000 1,172 1.7%
Hub International Ltd. Term Loan B 1st Lien F/R 04-25-2025 29,925 39 0.1%
Hudson River Trading LLC Term Loan 1st Lien F/R 03-20-2025 69,650 92 0.1%
Hydro One Inc. 2.97% 06-26-2025 Callable 2025 60,000 58 0.1%
Hydro One Inc. 3.72% 11-18-2047 100,000 94 0.1%
Inter Pipeline Ltd. 2.73% 04-18-2024 Callable 2024 90,000 85 0.1%
Inter Pipeline Ltd. 3.48% 12-16-2026 Callable 2026 80,000 77 0.1%
International Finance Corp. 3.625% 05-20-2020 30,000 26 0.0%
International Finance Corp. 7.00% 07-20-2027 15,630,000 877 1.3%
International Finance Corp. 8.38% 05-31-2029 7,500,000 449 0.6%
International Textile Group Inc. Term Loan 1st Lien F/R 04-19-2024 89,438 118 0.2%
Isagenix International LLC Term Loan 1st Lien F/R 04-26-2025 79,000 104 0.2%
iShares 0-5 Year High Yield Corporate Bond ETF 590 36 0.1%
iShares iBoxx $ High Yield Corporate Bond ETF 872 97 0.1%
iShares iBoxx $ High Yield Corporate Bond ETF Put Option @ $84.00 Exp. 12-21-2018 240 31 0.0%
iShares iBoxx $ Investment Grade Corporate Bond ETF 2,290 338 0.5%
Ivanhoe Cambridge II Inc. 2.91% 06-27-2023 Callable 2023 70,000 69 0.1%
JPMorgan Chase & Co. F/R 07-23-2024 Callable 2023 150,000,000 1,753 2.5%
KFW 3.75% 05-29-2020 850,000 748 1.1%
Kommunalbanken AS F/R 05-26-2021 450,000 390 0.6%
Kraft Heinz Foods Co. 3.00% 06-01-2026 Callable 2026 350,000 412 0.6%
Kruger Products LP 6.00% 04-24-2025 Callable 2021 40,000 40 0.1%
KSB SE & Co. KGaA 49,375 65 0.1%
Laurentian Bank of Canada 3.00% 09-12-2022 280,000 273 0.4%
Laurentian Bank of Canada 3.45% 06-27-2023 70,000 69 0.1%
Laurentian Bank of Canada F/R 10-22-2019 190,000 190 0.3%
Mackenzie Floating Rate Income ETF 6,852 147 0.2%
Mackenzie Global High Yield Fixed Income ETF 75,000 1,439 2.1%
Mackenzie US Investment Grade Corporate Bond Index ETF (CAD-Hedged) 18,618 1,783 2.6%
Manulife Bank of Canada 2.84% 01-12-2023 140,000 137 0.2%
Manulife Financial Corp. F/R 05-09-2028 Callable 2023 100,000 98 0.1%
Mastronardi Produce Ltd. Term Loan B 1st Lien F/R 04-18-2025 29,925 40 0.1%
McDonald's Corp. 3.13% 03-04-2025 Callable 2025 370,000 360 0.5%
Metro Inc. 3.39% 12-06-2027 Callable 2027 140,000 134 0.2%
Mexico City Airport Trust 3.88% 04-30-2028 Callable 2028 400,000 426 0.6%
Molson Coors International LP 2.84% 07-15-2023 Callable 2023 710,000 678 1.0%
Mondelez International Inc. 3.25% 03-07-2025 Callable 2025 190,000 183 0.3%
Mondelez International Inc. 4.13% 05-07-2028 Callable 2028 60,000 77 0.1%
Morgan Stanley 3.00% 02-07-2024 340,000 330 0.5%
National Bank of Canada 1.96% 06-30-2022 40,000 38 0.1%
Neenah Foundry Co. Term Loan B 1st Lien F/R 12-08-2022 48,125 63 0.1%
New Red Finance Inc. 5.00% 10-15-2025 Callable 2020 40,000 49 0.1%
Newell Brands Inc. 4.20% 04-01-2026 Callable 2026 80,000 97 0.1%
North West Redwater Partnership 2.80% 06-01-2027 Callable 2027 180,000 169 0.2%
Nouvelle Autoroute 30 Financement Inc. 4.11% 03-31-2042 110,000 108 0.2%
Nykredit Realkredit AS F/R 07-01-2019 4,000,000 578 0.8%
Ocean Bidco Inc. Term Loan B 1st Lien F/R 03-02-2025 39,400 52 0.1%
Office Depot Inc. Term Loan B 1st Lien F/R 11-08-2022 83,250 111 0.2%
OFG Bancorp 5,000,000 1,034 1.5%
OMERS Realty Corp. 2.473% 11-12-2019 Callable 200,000 200 0.3%
Ontario Electricity Financial Corp. 0% 11-27-2020 330,000 312 0.5%
Osteon Merger Sub Inc. Term Loan B 1st Lien F/R 02-06-2025 39,800 53 0.1%
OZ Management LP Term Loan 1st Lien F/R 04-04-2023 64,000 85 0.1%
Parkland Fuel Corp. 6.00% 04-01-2026 Callable 2021 50,000 65 0.1%
PepsiCo Inc. 2.50% 11-01-2022 100,000 176 0.3%
Petroleos De Venezuela SA 6.00% 05-16-2024 167,000 39 0.1%
Pisces Midco Inc. Term Loan B 1st Lien F/R 03-29-2025 79,800 105 0.2%
Pisces Midco Inc. Term Loan B 1st Lien F/R 10-26-2025 80,000 101 0.1%
PLH Group Inc. Term Loan 1st Lien F/R 08-06-2023 24,171 32 0.0%
PNI Canada Acquireco Corp. Term Loan B 1st Lien F/R 08-23-2022 49,500 65 0.1%
Polar US Borrower LLC Term Loan 1st Lien F/R 08-21-2025 30,000 39 0.1%
Polski Koncern Naftowy Orlen SA 108,000 142 0.2%
PowerShares Senior Loan Portfolio 6,032 183 0.3%
Prospect Medical Holdings Inc. Term Loan B 1st Lien F/R 02-15-2024 129,350 172 0.2%
Province of Newfoundland 3.00% 06-02-2026 120,000 119 0.2%
Province of Newfoundland 3.70% 10-17-2048 130,000 134 0.2%
Province of Ontario 2.90% 06-02-2049 190,000 174 0.3%
PS HoldCo LLC Term Loan 1st Lien F/R 03-02-2025 30,000 40 0.1%
Queensland Treasury Corp. 2.75% 08-20-2027 2,450,000 2,237 2.7%
R1 RCM Inc. Term Loan B 1st Lien F/R 05-02-2025 49,875 66 0.1%
Realkredit Danmark A/S F/R 10-01-2019 1,400,000 202 0.3%
Red Ventures LLC Term Loan B 1st Lien F/R 11-08-2024 73,575 97 0.1%
Reliance LP 3.84% 03-15-2025 Callable 2025 160,000 156 0.2%
Republic of Argentina 6.88% 01-11-2048 70,000 68 0.1%
Research Now Group Inc. Term Loan 1st Lien F/R 12-20-2024 138,950 184 0.3%
Rite Aid Corp. 7.70% 02-15-2027 250,000 229 0.3%
Rogers Communications Inc. 4.00% 06-06-2022 700,000 714 1.0%
Royal Bank of Canada 3.30% 09-26-2023 310,000 308 0.4%
Santander Consumer Bank AS F/R 03-30-2020 3,000,000 433 0.6%
Saputo Inc. 3.61% 08-14-2025 Callable 2025 90,000 89 0.1%
Sea to Sky Highway Investment LP 2.63% 08-31-2030 191,508 182 0.3%
Sigma Bidco BV Term Loan B 1st Lien F/R 03-07-2025 70,000 104 0.2%
Sigma US Corp. Term Loan B 1st Lien F/R 03-06-2025 70,000 92 0.1%
SIRVA Worldwide Inc. Term Loan 1st Lien F/R 07-31-2025 28,000 37 0.1%
SmarTone Telecommunications Holdings Ltd. 140,000 139 0.2%
SNC-Lavalin Group Inc. 3.24% 03-02-2023 Callable 2023 30,000 29 0.0%
Source Energy Services Canada LP 10.50% 12-15-2021 Callable 2018 216,000 229 0.3%
Source Energy Services Ltd. 2,006 5 0.0%
Spirit AeroSystems Inc. 3.95% 06-15-2023 Callable 2023 80,000 105 0.2%
Staples Inc. Term Loan 1st Lien F/R 08-15-2024 99,250 131 0.2%
Stepstone Group LP Term Loan B 1st Lien F/R 03-19-2025 39,800 53 0.1%
Sun Life Financial Inc. F/R 02-19-2026 Callable 2021 210,000 210 0.3%
Sun Life Financial Inc. F/R 11-23-2027 Callable 2022 130,000 126 0.2%
Sydney Airport Finance Co. Pty. Ltd. 3.625% 04-28-2026 Callable 2026 445,000 557 0.8%
Sysco Canada Inc. 3.65% 04-25-2025 Callable 2025 120,000 119 0.2%
Talen Energy Supply LLC 10.50% 01-15-2026 Callable 2022 30,000 36 0.1%
Telefonica Emisiones SAU 3.987% 01-23-2023 100,000 169 0.2%
TELUS Corp. 3.63% 03-01-2028 Callable 2027 110,000 106 0.2%
TerraForm Power Operating LLC 5.00% 01-31-2028 Callable 2027 50,000 59 0.1%
Teva Pharmaceutical Finance Netherlands III BV 3.15% 10-01-2026 Callable 5,000 5 0.0%
Teva Pharmaceutical Industries Ltd. 2.80% 07-21-2023 40,000 47 0.1%
The Bank of Nova Scotia F/R 04-12-2066 Callable 2022 210,000 256 0.4%
The Goldman Sachs Group Inc. 5.20% 12-17-2019 380,000 335 0.5%
The Goldman Sachs Group Inc. F/R 10-28-2027 Callable 2026 700,000 951 1.4%
The International Bank for Reconstruction and Development 3.50% 01-22-2021 70,000 62 0.1%
The Korea Development Bank 5.13% 11-13-2020 400,000 357 0.5%
The Toronto-Dominion Bank 1.91% 07-18-2023 DPNT 290,000 274 0.4%
The Toronto-Dominion Bank 3.01% 05-30-2023 140,000 139 0.2%
The Toronto-Dominion Bank 4.86% 03-04-2031 Callable 2026 160,000 168 0.2%
The Toronto-Dominion Bank F/R 07-25-2029 Callable 2024 70,000 67 0.1%
The Toronto-Dominion Bank F/R 09-14-2028 Callable 2023 160,000 158 0.2%
Titan Acquisition Ltd. 7.75% 04-15-2026 Callable 2021 120,000 132 0.2%
Titan Acquisition Ltd. Term Loan 1st Lien F/R 03-16-2025 79,600 99 0.1%
TMX Group Ltd. 2.30% 12-11-2024 Callable 2024 70,000 68 0.1%
TMX Group Ltd. 3.78% 06-05-2028 Callable 2028 80,000 80 0.1%
TMX Group Ltd. 4.46% 10-03-2023 Callable 2023 120,000 126 0.2%
TransAlta Corp. Pfd. Series A 7,204 109 0.2%
TransCanada Corp. Pfd. Series 15 12,050 310 0.4%
TransCanada Pipelines Ltd. 3.125% 01-15-2019 80,000 105 0.2%
TransCanada PipeLines Ltd. 3.30% 07-17-2025 Callable 2025 MTN 450,000 443 0.6%
TransCanada Pipelines Ltd. 3.39% 03-15-2028 Callable 2027 120,000 116 0.2%
TransCanada Trust F/R 05-18-2077 Callable 2027 430,000 399 0.6%
Transurban Finance Co. Pty Ltd. 3.368% 03-06-2019 60,000 60 0.1%
Traverse Midstream Partners LLC Term Loan B 1st Lien F/R 09-21-2024 30,000 40 0.1%
Treasury Corp. of Victoria 3.00% 10-20-2028 1,800,000 1,677 2.4%
Trico Products Corp. Term Loan 1st Lien F/R 02-02-2024 69,125 91 0.1%
Uber Technologies Inc. Term Loan 1st Lien F/R 03-21-2025 109,725 145 0.2%
Uber Technologies Inc. Term Loan B 1st Lien F/R 07-13-2023 137,075 181 0.3%
United Kingdom Treasury 4.25% 12-07-2027 850,000 1,790 2.6%
United States Treasury Inflation Indexed 0.50% 01-15-2028 1,400,000 1,780 2.6%
United States Treasury Inflation Indexed 1.01% 02-15-2048 800,000 996 1.4%
VanEck Vectors Fallen Angel High Yield Bond ETF 1,725 64 0.1%
Ventas Canada Finance Ltd. 2.55% 03-15-2023 Callable 2023 545,000 523 0.8%
VeriFone Systems Inc. Term Loan 1st Lien F/R 08-09-2025 20,000 26 0.0%
Vishay Intertechnology Inc. 20,000 25 0.0%
Vistage Worldwide Inc. Term Loan 1st Lien F/R 02-01-2025 59,700 79 0.1%
Vodafone Group PLC 3.75% 01-16-2024 60,000 77 0.1%
Volkswagen Financial Services NV 1.75% 04-17-2020 200,000 336 0.5%
Vyaire Medical Inc. Term Loan B 1st Lien F/R 04-06-2025 59,850 78 0.1%
Wells Fargo & Co. 2.51% 10-27-2023 240,000 229 0.3%
Welltower Inc. 4.25% 04-15-2028 Callable 2028 90,000 116 0.2%
Williams Scotsman International Inc. 7.88% 12-15-2022 Callable 2019 50,000 68 0.1%
YRC Worldwide Inc. Term Loan 1st Lien F/R 07-21-2022 67,868 91 0.1%
Zotec Partners LLC Term Loan 1st Lien F/R 02-09-2024 79,000 104 0.2%
Total Investments -- 67,596 97.5%
Cash & Equivalents -- 1,155 1.7%
Currency Hedge Contracts -- 230 0.3%
Other Assets (Liabilities) -- 335 0.5%
Total Net Assets -- 69,316 100.0%

Asset Allocation (%) Help Holdings by region and sector

As of December 31, 2018
  • Regional Allocation
      Canada
    27.9%
      United States
    24.1%
      Other
    15.0%
      Australia
    8.3%
      United Kingdom
    6.5%
      Japan
    5.7%
      Denmark
    2.7%
      Bermuda
    2.4%
      Germany
    2.4%
      Norway
    2.3%
      Cash & Equivalents 2.7%
  • Sector Allocation
      Corporate Bonds 40.6%
      Foreign Fixed Income 39.4%
      Mutual&Pooled 5.3%
      Bank Loans 4.1%
      Other 4.1%
      Cash & Equivalents 2.7%
      Federal Bonds 1.7%
      Equities 1.3%
      Provincial Bonds 0.8%
Credit Allocation (%)
AAA 28.4%
AA 10.5%
A 23.4%
BBB 22.7%
BB 2.6%
B 4.9%
CCC & Below 1%
NR 2.4%
Cash & Equivalents 2.7%
Equities 1.4%

Other Global Fixed Income Funds

Portfolio Managers

Felix Wong, MBA, CFA

Vice President, Portfolio Manager

Mackenzie Fixed Income Team

Investment experience since 1988

Konstantin Boehmer, MBA

Vice President, Portfolio Manager

Mackenzie Fixed Income Team

Investment experience since 2003

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).