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 June 30, 2018
Major holdings represent 24.8% of the fund.
View all holdings
Total # of
Equity Holdings
7
Total # of
Fixed Income Holdings
270
Holding name, country and sector Percentage of holding in fund
Mackenzie Global High Yield Fixed Income ETF
Canada | Index Participation Units
3.8%
Queensland Treasury Corp. 2.75% 08-20-2027
Australia | Foreign Governments
3.0%
Republic of Poland F/R 01-25-2026
Poland | Foreign Governments
2.8%
Government of Japan 0.10% 02-15-2019
Japan | Foreign Governments
2.6%
United Kingdom Treasury 4.25% 12-07-2027
United Kingdom | Foreign Governments
2.4%
United States Treasury Inflation Indexed 0.50% 01-15-2028
United States | Foreign Governments
2.4%
Mackenzie US Investment Grade Corporate Bond Index ETF
Canada | Index Participation Units
2.3%
Treasury Corp. of Victoria 3.00% 10-20-2028
Australia | Foreign Governments
2.3%
Government of Qatar 6.55% 04-09-2019
Qatar | Foreign Governments
1.7%
Government of Bermuda 4.854% 02-06-2024
Bermuda | Foreign Governments
1.6%

Complete Fund Holdings Help Full holdings list

As of April 30, 2018
Holding Name No. of Shares/Units Market Value CAD (000s) % of NAV
407 International Inc. 3.60% 05-21-2047 Callable 150,000 148 0.1%
Adtalem Global Education Inc. Term Loan B 1st Lien F/R 04-09-2025 70,000 90 0.1%
African Development Bank F/R 02-24-2019 3,000,000 440 0.4%
AIMCo Realty Investors LP 3.04% 06-01-2028 Callable 2028 110,000 108 0.1%
Algonquin Power & Utilities Corp. 4.65% 02-15-2022 500,000 526 0.5%
Alibaba Group Holding Ltd. 3.40% 12-06-2027 Callable 2027 800,000 965 0.9%
Allied Properties Real Estate Investment Trust 3.93% 11-14-2022 117,000 118 0.1%
AltaGas Ltd. 3.98% 10-04-2027 Callable 2027 100,000 100 0.1%
AltaGas Ltd. Pfd. Series K 4,774 120 0.1%
AltaLink LP 3.72% 12-03-2046 Callable MTN 221,000 223 0.2%
Amneal Pharmaceuticals LLC Term loan B 1st Lien F/R 03-23-2025 100,000 129 0.1%
Anheuser-Busch InBev Finance Inc. 2.60% 05-15-2024 Callable 2024 340,000 329 0.3%
Anheuser-Busch InBev Finance Inc. 2.65% 02-01-2021 Callable 2021 850,000 1,079 1.0%
Anheuser-Busch InBev Finance Inc. 3.30% 02-01-2023 Callable 2022 140,000 179 0.2%
Anheuser-Busch InBev Worldwide Inc. 2.50% 07-15-2022 175,000 218 0.2%
APT Pipelines Ltd. 4.20% 03-23-2025 Callable 2024 500,000 640 0.6%
Arch Merger Sub Inc. 8.50% 09-15-2025 Callable 2020 120,000 144 0.1%
Argentine Bonos del Tesoro 21.20% 09-19-2018 3,400,000 210 0.2%
Asian Development Bank 5.90% 12-20-2022 18,330,000 345 0.3%
Asian Development Bank 6.00% 02-24-2021 18,500,000 352 0.3%
Asian Development Bank 6.45% 08-08-2021 9,950,000 192 0.2%
AT&T Inc. 3.825% 11-25-2020 890,000 915 0.8%
ATS Consolidated Inc. Term Loan B 1st Lien F/R 02-23-2025 40,000 52 0.0%
Aviva PLC 4.50% 05-10-2021 210,000 218 0.2%
Bank of America Corp. 3.228% 06-22-2022 100,000 101 0.1%
Bank of America Corp. 3.30% 04-24-2024 Callable 2023 180,000 180 0.2%
Bank of America Corp. 3.95% 04-21-2025 155,000 195 0.2%
Bank of America Corp. F/R 02-07-2022 Callable 2021 300,000 470 0.4%
Bank of America Corp. F/R 09-20-2025 Callable 2024 240,000 239 0.2%
Bank of Montreal 2.27% 07-11-2022 310,000 304 0.3%
Bank of Montreal 2.70% 09-11-2024 DPNT 50,000 49 0.0%
Bank of Montreal 3.32% 06-01-2026 50,000 50 0.0%
Bank of Montreal F/R 12-15-2032 Callable 2027 170,000 205 0.2%
bcIMC Realty Corp. 3.00% 03-31-2027 Callable 2026 190,000 187 0.2%
Bell Canada 3.60% 09-29-2027 Callable MTN 320,000 319 0.3%
Boardriders Inc. Term Loan B 1st Lien F/R 03-21-2024 120,000 155 0.1%
Brazil Notas do Tesouro Nacional 10.00% 01-01-2027 100,000 374 0.3%
Brookfield Asset Management Inc. Pfd. Series 46 6,420 166 0.2%
Brookfield Asset Management Inc. Pfd. Series 48 4,370 112 0.1%
Brookfield Renewable Energy Partners ULC 3.63% 01-15-2027 Callable 2026 440,000 431 0.4%
Brookfield Renewable Energy Partners ULC 3.752% 06-02-2025 Callable 2025 50,000 50 0.0%
Brookfield Renewable Partners LP Pfd. Series 11 8,666 217 0.2%
Bruce Power LP 3.00% 06-21-2024 Callable 2024 270,000 265 0.2%
Bruce Power LP 3.97% 06-23-2026 170,000 175 0.2%
Can Am Construction Inc./Canada Term Loan B 1st Lien F/R 07-01-2024 109,175 142 0.1%
Canada Goose Inc. Term Loan 1st Lien F/R 12-22-2021 100,000 127 0.1%
Canadian Imperial Bank of Commerce 2.30% 07-11-2022 DPNT 280,000 275 0.3%
Canadian Imperial Bank of Commerce 2.47% 12-05-2022 360,000 355 0.3%
Canadian Imperial Bank of Commerce 3.42% 01-26-2026 Callable 2021 40,000 40 0.0%
Canadian Imperial Bank of Commerce F/R 04-04-2028 Callable 2023 180,000 180 0.2%
Canadian Western Bank 2.74% 06-16-2022 DPNT 80,000 79 0.1%
Canadian Western Bank 2.92% 12-15-2022 180,000 178 0.2%
Capital Power Corp. 4.28% 09-18-2024 Callable 2024 520,000 524 0.5%
Cards II Trust 2.155% 10-15-2020 210,000 208 0.2%
CareCentrix Inc. Term Loan 1st Lien F/R 03-22-2025 120,000 154 0.1%
Careerbuilder LLC Term Loan 1st Lien F/R 07-31-2023 107,250 138 0.1%
CCL Industries Inc. 3.86% 04-13-2028 Callable 2028 130,000 131 0.1%
Central 1 Credit Union 2.60% 11-07-2022 130,000 127 0.1%
Chartwell Retirement Residences 3.79% 12-11-2023 Callable 2023 200,000 200 0.2%
Chartwell Retirement Residences 4.21% 04-28-2025 Callable 2025 60,000 61 0.1%
Chassix Inc. Term Loan B 1st Lien F/R 11-10-2023 79,800 103 0.1%
Choice Properties Real Estate Investment Trust 3.55% 01-10-2025 Callable 2024 110,000 109 0.1%
Choice Properties Real Estate Investment Trust 4.18% 03-08-2028 Callable 2027 240,000 241 0.2%
Citigroup Inc. 3.39% 11-18-2021 10,000 10 0.0%
City of Oslo 2.35% 09-04-2024 6,000,000 961 0.9%
City of Oslo 3.65% 11-08-2023 1,000,000 172 0.2%
City of Stockholm F/R 02-15-2022 2,000,000 304 0.3%
Coca-Cola Femsa SAB de CV 2.375% 11-26-2018 150,000 192 0.2%
Coca-Cola Femsa SAB de CV 3.88% 11-26-2023 400,000 520 0.5%
Comfort Holding LLC Term Loan 1st Lien F/R 02-05-2024 108,900 136 0.1%
Commonwealth of Bahamas 6.95% 11-20-2029 300,000 426 0.4%
Coronado Australian Holdings Pty Ltd. Term Loan B 1st Lien F/R 03-21-2025 55,000 71 0.1%
Coronado Australian Holdings Pty Ltd. Term Loan C 1st Lien F/R 03-21-2025 15,000 19 0.0%
Corp Nacional del Cobre de Chile 4.50% 09-16-2025 325,000 427 0.4%
CU Inc. 3.964% 07-27-2045 Callable 10,000 11 0.0%
Currency Call Option CAD/EUR 06-08-2018 Strike $1.54 7,200,000 60 0.1%
Currency Call Option CAD/USD 06-01-2018 Strike $1.27 7,200,000 36 0.0%
Currency Call Option USD/EUR 07-13-2018 Strike $1.20 9,500,000 87 0.1%
Danske Bank AS 2.75% 09-17-2020 200,000 254 0.2%
Danske Bank AS F/R 05-22-2020 2,000,000 298 0.3%
Daseke Inc. Term Loan 1st Lien F/R 02-27-2024 178,936 232 0.2%
Digicert Holdings Inc. Term Loan 1st Lien F/R 09-20-2024 50,000 65 0.1%
DNB Boligkreditt AS 2.00% 05-28-2020 800,000 1,008 0.9%
Eagle Credit Card Trust 2.147% 09-17-2020 300,000 297 0.3%
Eagle Credit Card Trust 2.63% 10-17-2022 70,000 69 0.1%
EagleTree-Carbide Acquisition Corp. Term Loan 1st Lien F/R 08-28-2024 129,500 168 0.2%
EmployBridge LLC Term Loan B 1st Lien F/R 04-10-2025 50,000 65 0.1%
Enbridge Inc. 3.20% 06-08-2027 Callable 2027 110,000 103 0.1%
Enbridge Inc. 4.57% 03-11-2044 160,000 156 0.1%
Enbridge Inc. 4.77% 09-02-2019 Callable 800,000 824 0.8%
Enbridge Inc. 5.37% 09-27-2077 Callable 2027 720,000 675 0.6%
Enbridge Inc. F/R 04-12-2078 Callable 2028 240,000 244 0.2%
EnerCare Solutions Inc. 3.38% 02-21-2022 Callable 2022 190,000 191 0.2%
EnerCare Solutions Inc. 3.99% 02-21-2024 Callable 2023 150,000 152 0.1%
Ensono LP Term Loan 1st Lien F/R 04-30-2025 50,000 64 0.1%
EPCOR Utilities Inc. 3.55% 11-27-2047 Callable 2047 130,000 127 0.1%
EPR Properties 4.95% 04-15-2028 Callable 2028 110,000 137 0.1%
European Bank for Reconstruction & Development 6.00% 05-04-2020 25,000,000 479 0.4%
Fairfax Financial Holdings Ltd. 4.25% 12-06-2027 Callable 2027 120,000 118 0.1%
Fairfax Financial Holdings Ltd. 8.30% 04-15-2026 190,000 299 0.3%
Federation des Caisses Desjardins du Quebec 2.09% 01-17-2022 470,000 459 0.4%
Fortified Trust 1.67% 07-23-2021 240,000 232 0.2%
Fortified Trust 2.16% 10-23-2020 360,000 357 0.3%
Fresenius US Finance II Inc. 4.25% 02-01-2021 350,000 456 0.4%
Frontera Generation Holdings LLC. Term Loan B 1st Lien F/R 04-25-2025 50,000 65 0.1%
Futures Contracts -52 0.0%
FXI Holdings Inc. 7.88% 11-01-2024 Callable 2020 50,000 64 0.1%
Gaz Metro Inc. 1.52% 05-25-2020 80,000 79 0.1%
General Electric Capital Corp. F/R 07-30-2019 2,000,000 296 0.3%
General Electric Co. 8.35% 09-03-2022 6,000,000 413 0.4%
General Motors Financial of Canada Ltd. 2.60% 06-01-2022 160,000 156 0.1%
Gibson Energy Inc. 5.25% 07-15-2024 Callable 2020 REGS 130,000 131 0.1%
Government of Aruba 4.625% 09-14-2023 300,000 400 0.4%
Government of Bermuda 3.72% 01-25-2027 Callable 2026 1,900,000 2,358 2.2%
Government of Bermuda 4.138% 01-03-2023 450,000 595 0.6%
Government of Bermuda 4.854% 02-06-2024 500,000 673 0.6%
Government of Canada 0.50% 03-01-2022 130,000 123 0.1%
Government of Canada 1.00% 06-01-2027 280,000 251 0.2%
Government of Canada 1.50% 06-01-2023 160,000 155 0.1%
Government of Canada 2.25% 06-01-2025 20,000 20 0.0%
Government of Canada 2.50% 06-01-2024 190,000 193 0.2%
Government of Canada 3.25% 06-01-2021 120,000 124 0.1%
Government of Cayman Islands 5.95% 11-24-2019 400,000 537 0.5%
Government of Dominican Republic 7.50% 05-06-2021 300,000 409 0.4%
Government of Ireland 1.00% 05-15-2026 325,000 517 0.5%
Government of Ireland 5.00% 10-18-2020 300,000 527 0.5%
Government of Japan 0.10% 02-15-2019 170,000,000 2,001 1.9%
Government of Qatar 6.55% 04-09-2019 1,000,000 1,329 1.2%
Government of Russia 7.05% 01-19-2028 29,500,000 598 0.6%
Government of Turkey 11.00% 02-24-2027 800,000 236 0.2%
Government of Turkey 9.40% 07-08-2020 1,000,000 290 0.3%
Green Plains Inc. Term Loan B 1st Lien F/R 08-29-2023 69,650 91 0.1%
Greenhill & Co. Inc. Term Loan B 1st Lien F/R 10-12-2022 39,500 51 0.0%
H&R Real Estate Investment Trust 2.92% 05-06-2022 260,000 255 0.2%
H&R Real Estate Investment Trust 3.37% 01-30-2024 Callable 2023 130,000 128 0.1%
H&R Real Estate Investment Trust 3.42% 01-23-2023 Callable 2022 90,000 89 0.1%
Hadrian Merger Sub Inc. 8.50% 05-01-2026 Callable 2021 77,000 99 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 113,043 146 0.1%
Heathrow Funding Ltd. 3.25% 05-21-2025 200,000 200 0.2%
Heathrow Funding Ltd. 3.40% 03-08-2028 210,000 210 0.2%
Heathrow Funding Ltd. 4.00% 07-03-2019 1,270,000 1,295 1.2%
Heathrow Funding Ltd. 4.875% 07-15-2021 225,000 303 0.3%
Hollis Receivables Term Trust II 1.788% 02-26-2020 380,000 376 0.3%
Hornblower Sub LLC Term Loan 1st Lien F/R 04-28-2025 80,000 104 0.1%
HSBC Bank Canada 2.54% 01-31-2023 210,000 206 0.2%
HSBC Holdings PLC 0.45% 09-24-2021 100,000,000 1,184 1.1%
Hub International Ltd. 7.00% 05-01-2026 Callable 2021 70,000 90 0.1%
Hub International Ltd. Term Loan B 1st Lien F/R 04-25-2025 30,000 39 0.0%
Hudson River Trading LLC Term Loan 1st Lien F/R 03-20-2025 70,000 90 0.1%
Hydro One Inc. 3.72% 11-18-2047 100,000 100 0.1%
Inter Pipeline Ltd. 2.73% 04-18-2024 Callable 2024 90,000 87 0.1%
Inter Pipeline Ltd. 3.48% 12-16-2026 Callable 2026 80,000 78 0.1%
International Finance Corp. 3.625% 05-20-2020 30,000 28 0.0%
International Finance Corp. 6.30% 11-25-2024 33,680,000 642 0.6%
International Finance Corp. 7.00% 07-20-2027 17,700,000 1,151 1.1%
International Finance Corp. 8.38% 05-31-2029 7,500,000 526 0.5%
International Textile Group Inc. Term Loan 1st Lien F/R 04-19-2024 90,000 116 0.1%
iQor US Inc. Term Loan B 1st Lien F/R 04-01-2021 29,338 38 0.0%
Isagenix International LLC Term Loan 1st Lien F/R 04-26-2025 80,000 101 0.1%
Itron Inc. 5.00% 01-15-2026 Callable 2021 25,000 31 0.0%
KEMET Corp. Term Loan B 1st Lien F/R 04-26-2024 134,750 176 0.2%
KFW 3.75% 05-29-2020 850,000 788 0.7%
Kommunalbanken AS F/R 05-26-2021 450,000 409 0.4%
Kraft Heinz Foods Co. 3.00% 06-01-2026 Callable 2026 350,000 408 0.4%
Kruger Products LP 6.00% 04-24-2025 Callable 2021 40,000 41 0.0%
Laurentian Bank of Canada 3.00% 09-12-2022 280,000 276 0.3%
Laurentian Bank of Canada F/R 10-22-2019 190,000 190 0.2%
LifeMiles Ltd. Term Loan B 1st Lien F/R 08-18-2022 86,231 113 0.1%
Mackenzie Global High Yield Fixed Income ETF 150,000 2,940 2.7%
Mackenzie US Investment Grade Corporate Bond Index ETF (CAD-Hedged) 18,618 1,809 1.7%
Manulife Bank of Canada 2.08% 05-26-2022 240,000 233 0.2%
Manulife Bank of Canada 2.84% 01-12-2023 140,000 140 0.1%
Manulife Financial Corp. F/R 08-20-2029 Callable 2024 280,000 274 0.3%
Mastronardi Produce Ltd. Term Loan B 1st Lien F/R 04-18-2025 30,000 39 0.0%
Mattamy Group Corp. 6.50% 10-01-2025 Callable 2020 35,000 36 0.0%
McAfee LLC Term Loan B 1st Lien F/R 09-30-2024 119,400 156 0.1%
McDermott Escrow 1 Inc. 10.63% 05-01-2024 Callable 2021 120,000 156 0.1%
McDermott Technology Americas Inc. Term Loan B 1st Lien F/R 04-05-2025 90,000 115 0.1%
McDonald's Corp. 3.13% 03-04-2025 Callable 2025 370,000 366 0.3%
Meredith Corp. Term Loan B 1st Lien F/R 01-18-2025 130,000 168 0.2%
Metro Inc. 2.68% 12-05-2022 Callable 2022 60,000 59 0.1%
Metro Inc. 3.39% 12-06-2027 Callable 2027 140,000 136 0.1%
Mexico City Airport Trust 3.88% 04-30-2028 Callable 2028 400,000 462 0.4%
Mitsubishi UFJ Financial Group Inc. 2.67% 07-25-2022 350,000 434 0.4%
Mizuho Financial Group Inc. F/R 09-11-2022 350,000 454 0.4%
Molson Coors International LP 2.25% 09-18-2018 280,000 280 0.3%
Molson Coors International LP 2.84% 07-15-2023 Callable 2023 740,000 722 0.7%
Mondelez International Inc. 3.25% 03-07-2025 Callable 2025 190,000 188 0.2%
Morgan Stanley 3.00% 02-07-2024 340,000 335 0.3%
Morgan Stanley 3.13% 08-05-2021 700,000 706 0.7%
National Bank of Canada 1.96% 06-30-2022 40,000 39 0.0%
Neenah Foundry Co. Term Loan B 1st Lien F/R 12-08-2022 49,375 63 0.1%
New Red Finance Inc. 5.00% 10-15-2025 Callable 2020 40,000 50 0.0%
Newell Brands Inc. 4.20% 04-01-2026 Callable 2026 80,000 101 0.1%
North West Redwater Partnership 2.80% 06-01-2027 Callable 2027 180,000 171 0.2%
Nykredit Realkredit AS F/R 07-01-2019 4,000,000 592 0.5%
Ocean Bidco Inc. Term Loan B 1st Lien F/R 03-02-2025 40,000 52 0.0%
OCI Beaumont LLC Term Loan B 1st Lien F/R 02-16-2025 50,000 65 0.1%
Office Depot Inc. Term Loan B 1st Lien F/R 11-08-2022 87,750 115 0.1%
OMERS Realty Corp. 2.473% 11-12-2019 Callable 200,000 201 0.2%
OMERS Realty Corp. 3.24% 10-04-2027 Callable 2027 340,000 340 0.3%
Ontario Electricity Financial Corp. 0% 11-27-2020 330,000 311 0.3%
Ontario Power Generation Inc. 3.32% 10-04-2027 Callable 2027 200,000 199 0.2%
OPB Finance Trust 2.98% 01-25-2027 190,000 189 0.2%
Osteon Merger Sub Inc. Term Loan B 1st Lien F/R 02-06-2025 40,000 52 0.0%
OZ Management LP Term Loan 1st Lien F/R 04-04-2023 80,000 103 0.1%
Paradigm Acquisition Corp. Term Loan 1st Lien F/R 10-11-2024 24,376 32 0.0%
Parkland Fuel Corp. 6.00% 04-01-2026 Callable 2021 50,000 65 0.1%
Pembina Pipeline Corp. 2.99% 01-22-2024 Callable 2023 478,000 467 0.4%
PepsiCo Inc. 2.50% 11-01-2022 100,000 186 0.2%
Petroleos De Venezuela SA 6.00% 05-16-2024 167,000 55 0.1%
Pisces Midco Inc. Term Loan B 1st Lien F/R 03-29-2025 80,000 104 0.1%
PNI Canada Acquireco Corp. Term Loan B 1st Lien F/R 08-23-2022 49,750 64 0.1%
Prospect Medical Holdings Inc. Term Loan B 1st Lien F/R 02-15-2024 130,000 168 0.2%
Province of Newfoundland 3.70% 10-17-2048 220,000 233 0.2%
Province of Ontario 2.40% 06-02-2026 400,000 386 0.4%
Province of Ontario 2.60% 06-02-2027 520,000 506 0.5%
Province of Ontario 2.60% 09-08-2023 120,000 120 0.1%
Province of Ontario 2.80% 06-02-2048 130,000 121 0.1%
Province of Ontario 2.90% 06-02-2049 520,000 492 0.5%
PS HoldCo LLC Term Loan 1st Lien F/R 03-02-2025 30,000 39 0.0%
PSC Industrial Outsourcing LP Term Loan B 1st Lien F/R 10-05-2024 69,825 90 0.1%
Queensland Treasury Corp. 2.75% 08-20-2027 2,450,000 2,286 2.1%
Realkredit Danmark A/S F/R 10-01-2019 1,400,000 206 0.2%
Realkredit Danmark AS 1.00% 04-01-2022 10,700,000 2,306 2.1%
Red Ventures LLC Term Loan B 1st Lien F/R 11-08-2024 89,550 117 0.1%
Reliance Intermediate Holdings LP 6.50% 04-01-2023 Callable 2018 45,000 60 0.1%
Reliance LP 3.84% 03-15-2025 Callable 2025 160,000 158 0.1%
Republic of Argentina 4.63% 01-11-2023 160,000 198 0.2%
Republic of Argentina 5.88% 01-11-2028 330,000 389 0.4%
Republic of Argentina 6.88% 01-11-2048 70,000 80 0.1%
Republic of Poland F/R 01-25-2026 7,350,000 2,652 2.5%
Republic of Serbia 5.88% 12-03-2018 200,000 261 0.2%
Research Now Group Inc. Term Loan 1st Lien F/R 12-20-2024 139,650 176 0.2%
Rite Aid Corp. 7.70% 02-15-2027 250,000 280 0.3%
Rogers Communications Inc. 4.00% 06-06-2022 700,000 730 0.7%
Royal Bank of Canada 2.33% 12-05-2023 DPNT 190,000 184 0.2%
Royal Bank of Canada 2.36% 12-05-2022 150,000 147 0.1%
Royal Bank of Canada 2.95% 05-01-2023 400,000 401 0.4%
Santander Consumer Bank AS 0.88% 06-12-2018 3,000,000 440 0.4%
Santander Consumer Bank AS F/R 03-30-2020 3,000,000 442 0.4%
Sea to Sky Highway Investment LP 2.63% 08-31-2030 198,062 190 0.2%
Sigma Bidco BV Term Loan B 1st Lien F/R 03-07-2025 70,000 108 0.1%
Sigma US Corp. Term Loan B 1st Lien F/R 03-06-2025 70,000 90 0.1%
SNC-Lavalin Group Inc. 2.69% 11-24-2020 40,000 40 0.0%
SNC-Lavalin Group Inc. 3.24% 03-02-2023 Callable 2023 120,000 120 0.1%
Source Energy Services Canada LP 10.50% 12-15-2021 Callable 2018 216,000 237 0.2%
Source Energy Services Ltd. 2,006 11 0.0%
St. Joseph Energy Center LLC Term Loan 1st Lien F/R 04-06-2025 50,000 65 0.1%
Staples Inc. Term Loan 1st Lien F/R 08-15-2024 99,750 127 0.1%
Stepstone Group LP Term Loan B 1st Lien F/R 03-19-2025 40,000 52 0.0%
Sun Life Financial Inc. F/R 02-19-2026 Callable 2021 210,000 212 0.2%
Sun Life Financial Inc. F/R 11-23-2027 Callable 2022 130,000 128 0.1%
Sydney Airport Finance Co. Pty. Ltd. 3.625% 04-28-2026 Callable 2026 445,000 551 0.5%
Talen Energy Supply LLC 10.50% 01-15-2026 Callable 2022 30,000 34 0.0%
Telefonica Emisiones SAU 3.987% 01-23-2023 100,000 180 0.2%
TELUS Corp. 3.63% 03-01-2028 Callable 2027 110,000 109 0.1%
TerraForm Power Operating LLC 5.00% 01-31-2028 Callable 2027 50,000 60 0.1%
Teva Pharmaceutical Finance Netherlands III BV 3.15% 10-01-2026 Callable 45,000 46 0.0%
The Bank of Nova Scotia 2.36% 11-08-2022 410,000 402 0.4%
The Bank of Nova Scotia F/R 04-12-2066 Callable 2022 210,000 255 0.2%
The Fédération des Caisses Desjardins du Québec 2.39% 08-25-2022 300,000 295 0.3%
The Goldman Sachs Group Inc. 5.20% 12-17-2019 380,000 355 0.3%
The Goldman Sachs Group Inc. F/R 10-28-2027 Callable 2026 700,000 951 0.9%
The International Bank for Reconstruction and Development 3.50% 01-22-2021 70,000 65 0.1%
The Korea Development Bank 5.13% 11-13-2020 400,000 375 0.3%
The Toronto-Dominion Bank 1.91% 07-18-2023 DPNT 290,000 277 0.3%
The Toronto-Dominion Bank F/R 07-25-2029 Callable 2024 70,000 69 0.1%
Thomson Reuters Corp. 4.35% 09-30-2020 700,000 728 0.7%
Thomson Reuters Corp. Bridge Loan 02-06-2019 830,000 0.0%
Titan Acquisition Ltd. 7.75% 04-15-2026 Callable 2021 120,000 154 0.1%
Titan Acquisition Ltd. Term Loan 1st Lien F/R 03-16-2025 80,000 103 0.1%
TMX Group Ltd. 2.30% 12-11-2024 Callable 2024 140,000 138 0.1%
TMX Group Ltd. 4.46% 10-03-2023 Callable 2023 120,000 128 0.1%
TransAlta Corp. Pfd. Series A 7,204 105 0.1%
TransCanada Corp. Pfd. Series 15 12,050 312 0.3%
TransCanada Pipelines Ltd. 3.125% 01-15-2019 80,000 103 0.1%
TransCanada PipeLines Ltd. 3.30% 07-17-2025 Callable 2025 MTN 450,000 452 0.4%
TransCanada Pipelines Ltd. 3.39% 03-15-2028 Callable 2027 240,000 239 0.2%
TransCanada Trust F/R 05-18-2077 Callable 2027 260,000 251 0.2%
Transurban Finance Co. Pty Ltd. 3.368% 03-06-2019 80,000 81 0.1%
Traverse Midstream Partners LLC Term Loan B 1st Lien F/R 09-21-2024 30,000 39 0.0%
Treasury Corp. of Victoria 3.00% 10-20-2028 1,800,000 1,717 1.6%
Trico Products Corp. Term Loan 1st Lien F/R 02-02-2024 70,000 91 0.1%
Uber Technologies Inc. Term Loan 1st Lien F/R 03-21-2025 110,000 143 0.1%
Uber Technologies Inc. Term Loan B 1st Lien F/R 07-13-2023 137,774 179 0.2%
United Kingdom Treasury 4.25% 12-07-2027 850,000 1,885 1.7%
United States Treasury 1.88% 02-28-2022 900,000 1,121 1.0%
United States Treasury 2.13% 02-29-2024 1,850,000 2,284 2.1%
United States Treasury 2.75% 02-15-2028 130,000 164 0.2%
United States Treasury 3.00% 02-15-2047 350,000 441 0.4%
United States Treasury Inflation Indexed 0.13% 01-15-2023 1,600,000 2,166 2.0%
United States Treasury Inflation Indexed 0.89% 02-15-2047 1,100,000 1,448 1.3%
United States Treasury Inflation Indexed 2.00% 01-15-2026 1,460,000 2,580 2.4%
Ventas Canada Finance Ltd. 2.55% 03-15-2023 Callable 2023 545,000 529 0.5%
Vistage Worldwide Inc. Term Loan 1st Lien F/R 02-01-2025 60,000 78 0.1%
Volkswagen Financial Services NV 1.75% 04-17-2020 200,000 355 0.3%
Vyaire Medical Inc. Term Loan B 1st Lien F/R 04-06-2025 60,000 75 0.1%
W/S Packaging Holdings Inc. 9.00% 04-15-2023 Callable 2020 70,000 92 0.1%
Wells Fargo & Co. 2.09% 04-25-2022 700,000 677 0.6%
Wells Fargo & Co. 2.222% 03-15-2021 400,000 394 0.4%
Wells Fargo & Co. 2.98% 05-19-2026 400,000 382 0.4%
Welltower Inc. 4.25% 04-15-2028 Callable 2028 90,000 114 0.1%
Williams Scotsman International Inc. 7.88% 12-15-2022 Callable 2019 50,000 67 0.1%
YRC Worldwide Inc. Term Loan 1st Lien F/R 07-21-2022 68,917 89 0.1%
Zotec Partners LLC Term Loan 1st Lien F/R 02-09-2024 80,000 104 0.1%
Total Investments -- 102,086 94.7%
Cash & Equivalents -- 6,568 5.8%
Currency Hedge Contracts -- 318 0.3%
Other Assets (Liabilities) -- -840 -0.8%
Total Net Assets -- 108,132 100.0%

Asset Allocation (%) Help Holdings by region and sector

As of June 30, 2018
  • Regional Allocation
      Canada
    28.3%
      United States
    27.6%
      Other
    15.1%
      Australia
    6.9%
      United Kingdom
    6.5%
      Poland
    2.8%
      Norway
    2.6%
      Bermuda
    2.6%
      Japan
    2.6%
      Germany
    2.1%
      Cash & Equivalents 2.9%
  • Sector Allocation
      Corporate Bonds 45.3%
      Foreign Fixed Income 29.7%
      Bank Loans 8.2%
      Mutual&Pooled 6.8%
      Other 5%
      Cash & Equivalents 2.9%
      Equities 1.3%
      Provincial Bonds 0.8%
Credit Allocation (%)
AAA 18.6%
AA 11.6%
A 24.2%
BBB 23.7%
BB 5.7%
B 9.2%
CCC & Below 1.5%
NR 0.8%
Cash & Equivalents 3.3%
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).