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 February 28, 2017
Major holdings represent 42.9% of the fund.
View all holdings
Total # of
Equity Holdings
7
Total # of
Fixed Income Holdings
84
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
6.6%
Manulife Bank of Canada F/R 06-01-2018
Canada | Corporate - Non Convertible
4.5%
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
3.6%
The Toronto-Dominion Bank F/R 02-18-2020
Canada | Corporate - Non Convertible
3.6%
BMW Canada Inc. F/R 06-14-2019
Germany | Corporate - Non Convertible
3.6%
National Bank of Canada F/R 06-14-2018
Canada | Corporate - Non Convertible
3.6%
Royal Bank of Canada F/R 02-11-2020
Canada | Corporate - Non Convertible
3.6%
The Bank of Nova Scotia F/R 04-20-2018
Canada | Corporate - Non Convertible
3.6%

Complete Fund Holdings Help Full holdings list

As of December 31, 2016
Holding Name No. of Shares/Units Market Value CAD (000s) % of NAV
Aretec Group Inc. 795 15 0.0%
ASP MSG Acquisition Co. Inc. Term Loan 1st Lien F/R 08-04-2023 90,000 123 0.2%
Bank of Montreal 1.61% 10-28-2021 Series DPTN 250,000 245 0.4%
Bank of Montreal 1.88% 03-31-2021 180,000 180 0.3%
Bank of Montreal 3.32% 06-01-2026 500,000 508 0.9%
Bank of Montreal 3.340% 12-08-2025 Callable 2020 420,000 428 0.8%
Bank of Montreal F/R 04-11-2019 1,000,000 1,002 1.8%
Bell Canada 2.00% 10-01-2021 170,000 168 0.3%
Bellatrix Exploration Ltd. 8.50% 05-15-2020 Callable 2017 100,000 132 0.2%
BMW Canada Inc. F/R 06-14-2019 1,000,000 1,005 1.8%
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 150,000 204 0.4%
Canada Housing Trust No. 1 1.075% 09-15-2021 3,700,000 3,711 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 02-10-2017 2,000,000 2,001 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 440,000 446 0.8%
Cision AB Term Loan B 1st Lien F/R 05-17-2023 99,750 133 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 215,750 294 0.5%
ConvergeOne Holdings Corp. Term Loan 1st Lien F/R 06-16-2020 50,000 67 0.1%
CSP Technologies North America LLC Term Loan 1st Lien F/R 02-02-2022 233,408 318 0.6%
Daimler Canada Finance Inc. F/R 07-08-2019 1,000,000 1,008 1.8%
Dell International LLC Term Loan B 1st Lien F/R 05-24-2022 160,000 219 0.4%
Dollar General Corp. 3.25% 04-15-2023 Callable 2023 70,000 93 0.2%
Drive DeVilbiss (CD&R Reign Merger Sub Inc.) Term Loan 1st Lien F/R 12-21-2022 90,000 110 0.2%
Emerging Markets Communications LLC Term Loan B 1st Lien F/R 06-29-2021 265,950 352 0.6%
Enbridge Inc. 4.00% Cum. Red. Pfd. Series B 4,373 76 0.1%
Ford Auto Securitization Trust 1.381% 03-15-2018 233,798 234 0.4%
Fortified Trust 1.67% 07-23-2021 180,000 178 0.3%
Futures Contracts -6 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 170,000 226 0.4%
Government of Canada 0.75% 03-01-2021 250,000 247 0.4%
Government of Canada 1.50% 06-01-2026 80,000 79 0.1%
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 119,374 157 0.3%
HCN Canadian Holdings-1 LP 3.35% 11-25-2020 160,000 165 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%
HSBC Bank Canada F/R 04-28-2017 2,000,000 2,002 3.5%
Hydro One Inc. F/R 03-21-2019 1,000,000 1,002 1.8%
Integro Ltd. United States Term Loan B1 1st Lien F/R 11-02-2022 197,835 269 0.5%
Inter Pipeline Ltd. F/R 05-30-2017 2,000,000 2,000 3.5%
iQor US Inc. Term Loan B 1st Lien F/R 02-20-2021 50,000 64 0.1%
JPMorgan Chase & Co. 2.92% 09-19-2017 200,000 202 0.4%
Lantheus Medical Imaging Inc. Term Loan B 1st Lien F/R 06-30-2022 140,000 188 0.3%
LD Intermediate Holdings Inc. Term Loan B 1st Lien F/R 12-08-2022 80,000 100 0.2%
LG FinanceCo Corp. 5.875% 11-01-2024 Callable 2019 113,000 154 0.3%
Manulife Bank of Canada F/R 06-01-2018 2,500,000 2,510 4.4%
Merrill Lynch 1.30% 08-01-2021 452,367 446 0.8%
Merrill Lynch Canada Inc. 1.40% 05-01-2021 250,213 248 0.4%
Mexican Bonos 5.00% 12-11-2019 12,690,000 781 1.4%
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 2,008 3.5%
Novitex Acquisition LLC Term Loan 1st Lien F/R 07-01-2020 342,123 440 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 97,333 132 0.2%
Province of Ontario F/R 03-16-2021 6,350,000 6,402 11.6%
Province of Ontario F/R 10-27-2021 3,850,000 3,845 6.8%
Q Holdings Co. Term Loan B 1st Lien F/R 12-18-2021 100,000 133 0.2%
Renfro Corp. Term Loan B 1st Lien F/R 01-30-2019 376,525 453 0.8%
Royal Bank of Canada 1.65% 07-15-2021 310,000 305 0.5%
Royal Bank of Canada 2.333% 12-05-2023 Series DPNT 120,000 119 0.2%
Royal Bank of Canada F/R 02-11-2020 2,000,000 2,006 3.5%
Sage Automotive Holdings Inc. Term Loan 1st Lien F/R 10-27-2022 110,000 147 0.3%
Seahawk Holding Cayman Ltd. Term Loan 1st Lien F/R 09-27-2022 70,000 95 0.2%
Tembec Industries Inc. 9.00% 12-15-2019 Callable 144A 220,000 277 0.5%
The Bank of Nova Scotia F/R 04-20-2018 2,000,000 2,010 3.5%
The Chemours Co. Term Loan B 1st Lien F/R 05-07-2022 98,733 133 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 2,007 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 102,377 135 0.2%
TransCanada Corp. 4.00% Pfd. Series 7 915 17 0.0%
TransCanada Corp. 4.25% First Pfd. Cum. Red. Series 9 780 15 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 90,000 122 0.2%
US LBM Holdings LLC Term Loan 1st Lien F/R 08-20-2022 238,076 321 0.6%
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 90,000 117 0.2%
Western Refining Inc. Term Loan B2 1st Lien F/R 05-27-2023 149,625 202 0.4%
Winnebago Industries Inc. Term Loan B 1st Lien F/R 11-02-2023 120,000 161 0.3%
Total Investments -- 52,776 93.0%
Cash & Equivalents -- 750 1.3%
Currency Hedge Contracts -- -21 0.0%
Other Assets (Liabilities) -- 3,253 5.7%
Total Net Assets -- 56,758 100.0%

Asset Allocation (%) Help Holdings by region and sector

As of February 28, 2017
  • Regional Allocation
      Canada
    71.3%
      United States
    11.0%
      Germany
    7.1%
      Japan
    6.6%
      Mexico
    1.4%
      Brazil
    0.4%
      Cayman Islands
    0.2%
      Sweden
    0.2%
      United Kingdom
    0.1%
      Cash & Equivalents 1.7%
  • Sector Allocation
      Corporate Bonds 68%
      Bank Loans 11.5%
      Provincial Bonds 7.5%
      Federal Bonds 6.8%
      Equities 1.9%
      Cash & Equivalents 1.7%
      Foreign Fixed Income 1.4%
      Mortgage Backed 1.2%
Credit Allocation (%)
AAA 10.8%
AA 32.2%
A 29.2%
BBB 13.2%
BB 1.9%
B 7.9%
C 0%
NR 1.2%
Cash & Equivalents 1.7%
Equities 1.9%

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).