Fund Portfolio – Mackenzie Investment Grade Floating Rate Fund Series A MFC4721 MFC7229 MFC4722 | Mackenzie Investments

Mackenzie Investment Grade Floating Rate Fund Series A

Asset Class: Canadian Fixed Income

Major Holdings (%) Help Top holdings by percentage

As of March 31, 2017
Major holdings represent 42.3% of the fund.
View all holdings
Total # of
Equity Holdings
7
Total # of
Fixed Income Holdings
79
Holding name, country and sector Percentage of holding in fund
Province of Ontario F/R 10-27-2021
Canada | Provincial Governments
6.8%
Canada Housing Trust No. 1 1.08%
Canada | Federal Government
6.5%
Manulife Bank of Canada F/R 06-01-2018
Canada | Corporate - Non Convertible
4.4%
Toyota Credit Canada Inc. F/R 02-25-2019
Canada | Corporate - Non Convertible
3.6%
Daimler Canada Finance Inc. F/R 07-08-2019
Canada | Corporate - Non Convertible
3.5%
Royal Bank of Canada F/R 02-11-2020
Canada | Corporate - Non Convertible
3.5%
The Toronto-Dominion Bank F/R 02-18-2020
Canada | Corporate - Non Convertible
3.5%
BMW Canada Inc. F/R 06-14-2019
Germany | Corporate - Non Convertible
3.5%
The Bank of Nova Scotia F/R 04-20-2018
Canada | Corporate - Non Convertible
3.5%
National Bank of Canada F/R 06-14-2018
Canada | Corporate - Non Convertible
3.5%

Complete Fund Holdings Help Full holdings list

As of January 31, 2017
Holding Name No. of Shares/Units Market Value CAD (000s) % of NAV
Alimentation Couche-Tard Inc. 3.319% 11-01-2019 Callable 480,000 501 0.9%
ASP MSG Acquisition Co. Inc. Term Loan 1st Lien F/R 08-04-2023 89,775 118 0.2%
Bank of Montreal 1.61% 10-28-2021 Series DPTN 250,000 247 0.4%
Bank of Montreal 1.88% 03-31-2021 180,000 180 0.3%
Bank of Montreal 3.32% 06-01-2026 500,000 513 0.9%
Bank of Montreal 3.340% 12-08-2025 Callable 2020 420,000 431 0.8%
Bank of Montreal F/R 04-11-2019 1,000,000 1,002 1.8%
Bell Canada 2.00% 10-01-2021 170,000 169 0.3%
Bellatrix Exploration Ltd. 8.50% 05-15-2020 Callable 2017 100,000 128 0.2%
BMW Canada Inc. F/R 06-14-2019 2,000,000 2,010 3.5%
Brookfield Asset Management Inc. 4.80% Pfd. Callable 2017 Series 30 229 5 0.0%
Brookfield Asset Management Inc. Pfd. Series 46 5,487 141 0.2%
Camelot Finance LP Term Loan B 1st Lien F/R 09-15-2023 149,625 197 0.3%
Canada Housing Trust No. 1 1.075% 09-15-2021 3,700,000 3,707 6.5%
Canadian Imperial Bank of Commerce 3.42% 01-26-2026 Callable 2021 30,000 31 0.1%
Canadian Imperial Bank of Commerce F/R 01-17-2019 2,000,000 2,004 3.5%
Canadian Imperial Bank of Commerce F/R 3.00% 10-28-2024 Callable 2019 70,000 71 0.1%
Cards II Trust 2.155% 10-15-2020 440,000 447 0.8%
Cision AB Term Loan B 1st Lien F/R 05-17-2023 99,500 130 0.2%
Citigroup Inc. 3.39% 11-18-2021 50,000 52 0.1%
Communications Sales & Leasing Inc. Term Loan B 1st Lien F/R 10-24-2022 215,211 283 0.5%
ConvergeOne Holdings Corp. Term Loan 1st Lien F/R 06-16-2020 49,872 65 0.1%
CSP Technologies North America LLC Term Loan 1st Lien F/R 02-02-2022 233,408 307 0.5%
Daimler Canada Finance Inc. F/R 07-08-2019 2,000,000 2,016 3.5%
Dell International LLC Term Loan B 1st Lien F/R 05-24-2022 160,000 210 0.4%
Drive DeVilbiss (CD&R Reign Merger Sub Inc.) Term Loan 1st Lien F/R 12-21-2022 90,000 110 0.2%
Enbridge Inc. 4.00% Cum. Red. Pfd. Series B 7,500 137 0.2%
Ford Auto Securitization Trust 1.381% 03-15-2018 116,061 116 0.2%
Fortified Trust 1.67% 07-23-2021 180,000 178 0.3%
Futures Contracts -15 0.0%
Garda World Security Corp. Term Loan B 1st Lien F/R 11-01-2020 382,180 367 0.6%
Gaz Metro Inc. 1.52% 05-25-2020 60,000 60 0.1%
Genesis Trust II 1.675% 09-17-2018 280,000 282 0.5%
Global Eagle Entertainment Inc. Term Loan 1st Lien F/R 12-22-2022 170,000 222 0.4%
Government of Canada 3.50% 06-01-2020 120,000 130 0.2%
GST AutoLeather Inc. Term Loan B 1st Lien F/R 06-03-2020 119,374 151 0.3%
H&R Real Estate Investment Trust F/R 07-23-2019 1,800,000 1,805 3.2%
HCN Canadian Holdings-1 LP 3.35% 11-25-2020 160,000 163 0.3%
Heathrow Funding Ltd. 3.25% 05-21-2025 40,000 41 0.1%
Hollis Receivables Term Trust II 2.434% 06-26-2019 450,000 460 0.8%
Honda Canada Finance Inc. 2.155% 02-18-2021 170,000 171 0.3%
Honda Canada Finance Inc. F/R 04-17-2020 1,750,000 1,753 3.1%
HSBC Bank Canada F/R 04-28-2017 2,000,000 2,002 3.5%
Hydro One Inc. F/R 03-21-2019 2,000,000 2,004 3.5%
Integro Ltd. United States Term Loan B1 1st Lien F/R 11-02-2022 197,337 256 0.4%
Inter Pipeline Ltd. F/R 05-30-2017 2,000,000 2,001 3.5%
iQor US Inc. Term Loan B 1st Lien F/R 02-20-2021 49,872 62 0.1%
JBS USA Lux SA Term Loan B 1st Lien F/R 10-30-2022 170,000 0.0%
Lantheus Medical Imaging Inc. Term Loan B 1st Lien F/R 06-30-2022 139,552 182 0.3%
LD Intermediate Holdings Inc. Term Loan B 1st Lien F/R 12-08-2022 80,000 99 0.2%
Manulife Bank of Canada F/R 06-01-2018 2,500,000 2,513 4.4%
Merrill Lynch 1.30% 08-01-2021 449,726 443 0.8%
Merrill Lynch Canada Inc. 1.40% 05-01-2021 248,547 246 0.4%
Mexican Bonos 5.00% 12-11-2019 12,690,000 754 1.3%
Molson Coors International LP 2.25% 09-18-2018 280,000 283 0.5%
National Bank of Canada F/R 06-14-2018 DPNT 2,000,000 2,009 3.5%
Nissan Motor Acceptance Corp. F/R 01-13-2020 1,450,000 1,890 3.3%
Novitex Acquisition LLC Term Loan 1st Lien F/R 07-01-2020 339,898 439 0.8%
Ontario Electricity Financial Corp. 0% 11-27-2020 370,000 346 0.6%
Polycom Inc. Term Loan 1st Lien F/R 09-27-2023 94,708 124 0.2%
Province of Ontario F/R 03-16-2021 2,050,000 2,063 3.6%
Province of Ontario F/R 10-27-2021 3,850,000 3,838 7.3%
Q Holdings Co. Term Loan B 1st Lien F/R 12-18-2021 99,746 128 0.2%
Renfro Corp. Term Loan B 1st Lien F/R 01-30-2019 376,525 442 0.8%
Royal Bank of Canada 1.65% 07-15-2021 310,000 306 0.5%
Royal Bank of Canada 2.333% 12-05-2023 Series DPNT 120,000 120 0.2%
Royal Bank of Canada F/R 02-11-2020 2,000,000 2,008 3.5%
Sage Automotive Holdings Inc. Term Loan 1st Lien F/R 10-27-2022 110,000 144 0.3%
Seahawk Holding Cayman Ltd. Term Loan 1st Lien F/R 09-27-2022 70,000 92 0.2%
Tembec Industries Inc. 9.00% 12-15-2019 Callable 144A 200,000 263 0.5%
Tennessee Merger Sub Inc. Term Loan B 1st Lien F/R 01-12-2024 100,000 130 0.2%
The Bank of Nova Scotia F/R 04-20-2018 2,000,000 2,009 3.5%
The Chemours Co. Term Loan B 1st Lien F/R 05-07-2022 94,680 123 0.2%
The Toronto-Dominion Bank 1.68% 06-08-2021 180,000 179 0.3%
The Toronto-Dominion Bank F/R 02-18-2020 2,000,000 2,008 3.5%
Toyota Credit Canada Inc. F/R 02-25-2019 2,000,000 2,028 3.6%
Toys R Us Property Co. I LLC Term Loan B F/R 08-21-2019 102,377 130 0.2%
TransCanada Corp. 4.00% Pfd. Series 7 915 19 0.0%
TransCanada Corp. 4.25% First Pfd. Cum. Red. Series 9 780 17 0.0%
TransCanada Corp. Pfd. Series 15 13,852 353 0.6%
Uber Technologies Inc. Term Loan B 1st Lien F/R 07-07-2023 219,775 288 0.5%
US LBM Holdings LLC Term Loan 1st Lien F/R 08-20-2022 237,474 310 0.5%
VW Credit Canada Inc. 2.45% 11-14-2017 90,000 91 0.2%
VW Credit Canada Inc. F/R 04-03-2017 2,000,000 1,999 3.5%
WellDyneDx Inc. Term Loan 1st Lien F/R 10-12-2023 90,000 113 0.2%
Western Refining Inc. Term Loan B2 1st Lien F/R 05-27-2023 111,750 146 0.3%
Winnebago Industries Inc. Term Loan B 1st Lien F/R 11-02-2023 120,000 159 0.3%
Total Investments -- 56,255 98.9%
Cash & Equivalents -- 243 0.4%
Currency Hedge Contracts -- 104 0.2%
Other Assets (Liabilities) -- 272 0.5%
Total Net Assets -- 56,874 100.0%

Asset Allocation (%) Help Holdings by region and sector

As of March 31, 2017
  • Regional Allocation
      Canada
    73.2%
      United States
    8.3%
      Germany
    7.0%
      Japan
    6.7%
      Mexico
    1.5%
      Sweden
    0.2%
      United Kingdom
    0.1%
      Cash & Equivalents 3.0%
  • Sector Allocation
      Corporate Bonds 69.8%
      Bank Loans 8.2%
      Provincial Bonds 7.4%
      Federal Bonds 6.7%
      Cash & Equivalents 3%
      Equities 1.8%
      Mortgage Backed 1.6%
      Foreign Fixed Income 1.5%
Credit Allocation (%)
AAA 11%
AA 28.6%
A 34.2%
BBB 13.5%
BB 1.6%
B 4.8%
C 0%
NR 1.4%
Cash & Equivalents 3%
Equities 1.8%

Other Canadian Fixed Income Funds

Portfolio Managers

Steve Locke, MBA, CFA

Senior Vice President, Portfolio Manager, Head of Team

Mackenzie Fixed Income Team

Investment experience since 1995

Felix Wong, MBA, CFA

Vice President, Portfolio Manager

Mackenzie Fixed Income Team

Investment experience since 1988

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

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 FTSE TMX Floating Rate Note Index comprises Canadian dollar-denominated, government or corporate floating rate bonds having a face value of $300 million or more, a remaining terms to maturity of at least three months, and a rating of A or higher.

†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).