Fund Portfolio – Mackenzie Unconstrained Fixed Income Fund Series A MFC4762 MFC7236 MFC4763 | Mackenzie Investments

Mackenzie Unconstrained Fixed Income Fund Series A

Major Holdings (%) Help Top holdings by percentage

As of April 30, 2018
Major holdings represent 19.3% of the fund.
View all holdings
Total # of
Equity Holdings
11
Total # of
Fixed Income Holdings
326
Holding name, country and sector Percentage of holding in fund
Government of Canada 1.00% 06-01-2027
Canada | Federal Government
4.7%
Canada Housing Trust No. 1 F/R 03-15-2023
Canada | Federal Government
3.8%
Canada Housing Trust F/R 09-15-2023
Canada | Federal Government
1.8%
Mackenzie US Investment Grade Corporate Bond Index ETF
Canada | Index Participation Units
1.5%
McDermott Escrow 1 Inc. 10.63% 05-01-2024 Callable 2021
United States | Corporate - Non Convertible
1.5%
Government of Canada 2.00% 06-01-2028
Canada | Federal Government
1.4%
Titan Acquisition Ltd. 7.75% 04-15-2026 Callable 2021
United Kingdom | Corporate - Non Convertible
1.3%
Gibson Energy Inc. 5.25% 07-15-2024 Callable 2020 REGS
Canada | Corporate - Non Convertible
1.2%
United States Treasury 2.25% 11-15-2027
United States | Foreign Governments
1.1%
Rackspace Hosting Inc. 8.63% 11-15-2024 Callable 2019
United States | Corporate - Non Convertible
1.0%

Complete Fund Holdings Help Full holdings list

As of February 28, 2018
Holding Name No. of Shares/Units Market Value CAD (000s) % of NAV
AAC holdings Inc. Term Loan 1st Lien F/R 06-30-2023 2,208,375 2,887 0.3%
Advanced Micro Devices Inc. 7.50% 08-15-2022 1,420,000 2,007 0.2%
AIMCo Realty Investors LP 3.04% 06-01-2028 Callable 2028 300,000 295 0.0%
Algonquin Power & Utilities Corp. 4.65% 02-15-2022 3,700,000 3,921 0.3%
Alibaba Group Holding Ltd. 3.40% 12-06-2027 Callable 2027 270,000 330 0.0%
AltaGas Ltd. Pfd. Series K 139,620 3,546 0.3%
AMC Entertainment Holdings Inc. 5.88% 11-15-2026 Callable 3,480,000 4,321 0.3%
American Teleconferencing Services Ltd. Term Loan 1st Lien F/R 12-08-2021 1,555,884 1,992 0.2%
AMS FinCo SARL Term Loan 1st Lien F/R 05-27-2024 985,050 1,275 0.1%
Antero Resources Corp. 5.00% 03-01-2025 4,420,000 5,734 0.4%
Antero Resources Corp. 5.625% 06-01-2023 Callable 2,000,000 2,641 0.2%
Appvion Inc. 9.00% 06-01-2020 Callable 144A 2,432,000 295 0.0%
Aramark Services Inc. 4.75% 06-01-2026 Callable 2021 2,000,000 2,546 0.2%
Arch Merger Sub Inc. 8.50% 09-15-2025 Callable 2020 144A 9,010,000 11,122 0.9%
ASP AMC Merger Sub Inc. 8.00% 05-15-2025 Callable 2020 144A 4,290,000 5,216 0.4%
Atlantic Power Corp. 5.95% 06-23-2036 641,000 534 0.0%
ATS Consolidated Inc. Term Loan B 1st Lien F/R 02-23-2025 1,470,000 1,889 0.1%
Bank of Montreal 3.32% 06-01-2026 6,470,000 6,561 0.5%
Bank of Montreal F/R 12-15-2032 Callable 2027 520,000 637 0.0%
Bell Canada 2.70% 02-27-2024 Callable 8,710,000 8,512 0.7%
Bell Canada 3.60% 09-29-2027 Callable MTN 1,700,000 1,707 0.1%
Bellatrix Exploration Ltd. 8.50% 05-15-2020 Callable 144A 1,450,000 1,531 0.1%
Big Ass Fans LLC Term Loan 1st Lien F/R 05-07-2024 940,000 1,218 0.1%
BMC Acquisition Inc. Term Loan 1st Lien F/R 12-15-2024 1,050,000 1,351 0.1%
Brazil Notas do Tesouro Nacional 10.00% 01-01-2027 1,850,000 7,499 0.6%
Bright Bidco BV Term Loan B 1st Lien F/R 06-30-2024 1,592,000 2,077 0.2%
Brookfield Asset Management Inc. Pfd. Series 46 26,579 690 0.1%
Brookfield Asset Management Inc. Pfd. Series 48 116,910 2,970 0.2%
Brookfield Renewable Partners LP Pfd. Series 11 79,850 2,004 0.2%
Brookfield Renewable Partners LP Pfd. Series 13 131,200 3,292 0.3%
Bruce Power LP 3.97% 06-23-2026 630,000 652 0.1%
California Resources Corp. 8.00% 12-15-2022 Callable 2018 144A 7,460,000 7,619 0.6%
Calpine Corp. 5.25% 06-01-2026 Callable 2021 144A 4,660,000 5,829 0.5%
Calpine Corp. 5.50% 02-01-2024 Callable 2019 2,040,000 2,462 0.2%
Camelot Finance LP Term Loan 1st Lien F/R 10-03-2023 2,212,112 2,863 0.2%
Camelot Finance SA 7.88% 10-15-2024 Callable 2019 144A 6,175,000 8,384 0.6%
Can Am Construction Inc./Canada Term Loan B 1st Lien F/R 07-01-2024 3,124,300 4,080 0.3%
Canada Goose Inc. Term Loan 1st Lien F/R 12-22-2021 2,790,000 3,545 0.3%
Canada Housing Trust F/R 09-15-2022 25,410,000 25,609 2.0%
Canada Housing Trust No. 1 2.65% 03-15-2028 50,000 50 0.0%
Canada Housing Trust No. 1 F/R 03-15-2023 23,390,000 23,475 1.8%
Canadian Imperial Bank of Commerce 2.47% 12-05-2022 670,000 662 0.1%
Canadian Imperial Bank of Commerce 3.00% 10-28-2024 Callable 2019 8,200,000 8,266 0.6%
Canadian Western Bank 2.92% 12-15-2022 550,000 546 0.0%
CareCentrix Inc. Term Loan B 1st Lien F/R 07-08-2021 586,500 758 0.1%
Careerbuilder LLC Term Loan 1st Lien F/R 07-31-2023 3,081,000 3,929 0.3%
Casablanca US Holdings Inc. Term Loan 1st Lien F/R 03-29-2024 1,985,000 2,573 0.2%
CCO Holdings LLC 5.13% 05-01-2027 Callable 2022 144A 4,000,000 4,946 0.4%
Centennial Resource Production LLC 5.38% 01-15-2026 Callable 2021 144A 930,000 1,192 0.1%
Central 1 Credit Union 2.60% 11-07-2022 370,000 364 0.0%
CenturyLink Inc. Term Loan B 1st Lien F/R 01-31-2025 3,990,000 5,040 0.4%
Chassix Inc. Term Loan B 1st Lien F/R 11-10-2023 2,330,000 3,024 0.2%
Chemtrade Logistics Income Fund 4.75% 05-31-2024 Conv. Callable 2022 2,150,000 2,128 0.2%
Chloe Ox Parent LLC Term Loan 1st Lien F/R 12-19-2024 1,990,000 2,583 0.2%
Choice Properties Real Estate Investment Trust 3.01% 03-21-2022 Callable 2022 190,000 190 0.0%
Choice Properties Real Estate Investment Trust 3.55% 01-10-2025 Callable 2024 320,000 320 0.0%
CHS/Community Health Systems Inc. 5.13% 08-01-2021 1,610,000 1,912 0.1%
Coeur Mining Inc. 5.88% 06-01-2024 Callable 2020 3,540,000 4,529 0.4%
Comfort Holding LLC Term Loan 1st Lien F/R 02-05-2024 3,017,200 3,786 0.3%
Comfort Holding LLC Term Loan 2nd Lien F/R 02-03-2025 570,000 699 0.1%
Commercial Vehicle Group Inc. Term Loan B 1st Lien F/R 03-30-2023 1,975,000 2,554 0.2%
Commonwealth of Bahamas 5.75% 01-16-2024 5,475,000 7,301 0.6%
Commonwealth of Bahamas 6.00% 11-21-2028 Callable 2028 6,110,000 8,213 0.6%
Commonwealth of Bahamas 6.95% 11-20-2029 220,000 309 0.0%
Communications Sales & Leasing Inc. 7.13% 12-15-2024 Callable 2019 144A 4,070,000 4,684 0.4%
Communications Sales & Leasing Inc. 8.25% 10-15-2023 Callable 2019 815,000 986 0.1%
Communications Sales & Leasing Inc. Term Loan B 1st Lien F/R 10-24-2022 5,177,728 6,404 0.5%
Conn's Inc. 7.25% 07-15-2022 Callable 1,460,000 1,864 0.1%
Constellium NV 4.25% 02-15-2026 Callable 2020 800,000 1,273 0.1%
Constellium NV 5.88% 02-15-2026 Callable 2020 144A 1,900,000 2,468 0.2%
Constellium NV 6.63% 03-01-2025 Callable 2020 144A 2,300,000 3,056 0.2%
ConvergeOne Holdings Corp. Term Loan B 1st Lien F/R 06-20-2024 3,960,100 5,114 0.4%
Crew Energy Inc. 6.50% 03-14-2024 Callable 4,190,000 3,977 0.3%
CSC Holdings LLC Term Loan B 1st Lien F/R 01-12-2026 3,290,000 4,233 0.3%
CSM Bakery Solutions LLC Term Loan 2nd Lien F/R 07-05-2021 720,000 898 0.1%
CSM NV Term Loan B F/R 07-03-2020 1,342,122 1,708 0.1%
CSP Technologies North America LLC Term Loan B 1st Lien F/R 01-29-2022 416,171 537 0.0%
CVR Partners LP 9.25% 06-15-2023 Callable 2019 144A 2,560,000 3,487 0.3%
Daseke Inc. Term Loan 1st Lien F/R 02-27-2024 3,198,797 4,156 0.3%
DaVita Healthcare Partners Inc. 5.00% 05-01-2025 Callable 2020 3,670,000 4,625 0.4%
Deerfield Holdings Corp. Term Loan B 1st Lien F/R 12-06-2024 1,080,000 1,399 0.1%
Denbury Resources Inc. 5.50% 05-01-2022 Callable 2017 630,000 633 0.0%
Denbury Resources Inc. 9.00% 05-15-2021 Callable 144A 1,070,000 1,412 0.1%
DHX Media Ltd. 5.88% 09-30-2024 Conv. 2,424,000 2,214 0.2%
Diamond (BC) BV Term Loan 1st Lien F/R 09-06-2024 1,770,000 2,271 0.2%
Digicert Holdings Inc. Term Loan 1st Lien F/R 09-20-2024 1,050,000 1,365 0.1%
Digicert Holdings Inc. Term Loan 2nd Lien F/R 10-31-2025 350,000 456 0.0%
DISH DBS Corp. 5.875% 11-15-2024 5,270,000 6,352 0.5%
Drive DeVilbiss Healthcare Ltd. Term Loan 1st Lien F/R 01-03-2023 1,751,212 2,068 0.2%
EagleTree-Carbide Acquisition Corp. Term Loan 1st Lien F/R 08-28-2024 2,872,800 3,719 0.3%
EIG Management Co. LLC Term Loan B 1st Lien F/R 01-30-2025 1,470,000 1,907 0.1%
Elo Touch Solutions Inc. Term Loan B 1st Lien F/R 10-25-2023 1,786,000 2,318 0.2%
Enbridge Gas Distribution Inc. 3.51% 11-29-2047 Callable 2047 570,000 559 0.0%
Enbridge Inc. 5.37% 09-27-2077 Callable 2027 8,550,000 8,338 0.6%
Envigo Holdings Inc. Term Loan B 1st Lien F/R 12-14-2023 2,590,000 3,266 0.3%
EPCOR Utilities Inc. 3.55% 11-27-2047 Callable 2047 390,000 386 0.0%
Exela Intermediate LLC 10.00% 07-15-2023 Callable 2020 144A 3,200,000 4,098 0.3%
FAGE International SA / FAGE USA Dairy Industry Inc. 5.625% 08-15-2026 Callable 2021 144A 3,790,000 4,586 0.4%
Fairfax Financial Holdings Ltd. 4.25% 12-06-2027 Callable 2027 750,000 738 0.1%
Fairfax Financial Holdings Ltd. 4.50% 03-22-2023 6,400,000 6,659 0.5%
Fairfax Financial Holdings Ltd. 5.80% 05-15-2021 144A 750,000 1,015 0.1%
Fairfax Financial Holdings Ltd. 8.30% 04-15-2026 500,000 783 0.1%
Fairmount Santrol Term Loan B 1st Lien F/R 11-01-2022 3,524,359 4,589 0.4%
First Quantum Minerals Ltd. 6.88% 03-01-2026 Callable 2021 144A 2,300,000 2,940 0.2%
First Quantum Minerals Ltd. 7.25% 04-01-2023 Callable 2019 144A 3,400,000 4,523 0.3%
Fortress Transportation and Infrastructure Investors LLC 6.75% 03-15-2022 Callable 2020 144A 1,450,000 1,925 0.1%
Frontier Communications Corp. 9.25% 07-01-2021 1,800,000 2,140 0.2%
Futures Contracts 85 0.0%
FXI Holdings Inc. 7.88% 11-01-2024 Callable 2020 144A 3,560,000 4,511 0.3%
Garda World Security Corp. 7.25% 11-15-2021 Callable 144A 930,000 1,210 0.1%
Gateway Casinos & Entertainment Ltd. 8.25% 03-01-2024 Callable 2020 144A 3,240,000 4,445 0.3%
Gateway Casinos & Entertainment Ltd. Term Loan B1 1st Lien F/R 02-22-2023 1,094,500 1,421 0.1%
Gavilan Resources LLC Term Loan 2nd Lien F/R 02-23-2024 1,230,000 1,590 0.1%
Genworth Holdings Inc. Term Loan 1st Lien F/R 02-28-2023 2,050,000 2,677 0.2%
GFL Environmental Inc. 5.38% 03-01-2023 Callable 2020 144A 2,190,000 2,815 0.2%
Gibson Energy Inc. 5.25% 07-15-2021 Conv. Callable 2020 1,840,000 1,932 0.1%
Gibson Energy Inc. 5.25% 07-15-2024 Callable 2020 REGS 11,140,000 11,219 0.9%
Government of Canada 1.00% 06-01-2027 72,760,000 65,315 5.0%
Government of Canada 1.00% 09-01-2022 4,630,000 4,431 0.3%
Government of Canada 2.00% 06-01-2028 15,230,000 14,871 1.1%
Government of Canada 2.75% 12-01-2048 7,790,000 8,439 0.7%
Government of Ireland 1.00% 05-15-2026 2,740,000 4,362 0.3%
Government of Russia 7.05% 01-19-2028 275,000,000 6,341 0.5%
Government of Turkey 11.00% 02-24-2027 12,900,000 4,215 0.3%
Great Canadian Gaming Corp. 6.625% 07-25-2022 Callable 144A 610,000 632 0.0%
Green Plains Inc. Term Loan B 1st Lien F/R 08-29-2023 1,885,275 2,460 0.2%
Greenhill & Co. Inc. Term Loan B 1st Lien F/R 10-12-2022 1,170,000 1,516 0.1%
H&R Real Estate Investment Trust 3.42% 01-23-2023 Callable 2022 430,000 431 0.0%
HCA Inc. 6.50% 02-15-2020 Callable 5,000,000 6,768 0.5%
Horizon Pharma Financing Inc. 6.625% 05-01-2023 Callable 2018 144A 4,000,000 5,128 0.4%
HSBC Bank Canada 2.54% 01-31-2023 610,000 601 0.0%
Husky Energy Inc. 4.45% 12-31-2049 Pfd. Series 1 256,435 4,665 0.4%
Husky IMS International Ltd. Bridge Loan Exp. 12-16-2018 27,080,000 0.0%
Hyster-Yale Group Inc. Term Loan B 1st Lien F/R 05-30-2023 2,778,750 3,595 0.3%
I-Logic Technologies Bidco Ltd. Term Loan B 1st Lien F/R 12-20-2024 1,770,000 2,288 0.2%
Impala Private Holdings II LLC Term Loan 1st Lien F/R 11-10-2024 1,720,000 2,220 0.2%
Indivior Finance SARL Term Loan B 1st Lien F/R 12-14-2022 1,340,000 1,740 0.1%
Integro Ltd. United States Term Loan B1 1st Lien F/R 10-31-2022 586,105 752 0.1%
Interior Logic Group Inc. Term Loan B 1st Lien F/R 03-01-2024 2,319,625 2,999 0.2%
International Equipment Solutions LLC Term Loan B F/R 08-15-2022 904,817 1,174 0.1%
International Finance Corp. 6.30% 11-25-2024 368,530,000 7,199 0.6%
International Finance Corp. 7.00% 07-20-2027 96,000,000 6,052 0.5%
iQor US Inc. Term Loan 2nd Lien F/R 04-01-2022 1,200,000 1,489 0.1%
iQor US Inc. Term Loan B 1st Lien F/R 04-01-2021 1,178,515 1,519 0.1%
IRB Holding Corp. 6.75% 02-15-2026 Callable 2021 144A 4,150,000 5,345 0.4%
Iron Mountain Canada Operations ULC 5.38% 09-15-2023 Callable 2019 870,000 890 0.1%
iShares iBoxx $ High Yield Corporate Bond ETF Put Option @ $85.00 Exp. 03-16-2018 4,612 183 0.0%
iShares iBoxx $ High Yield Corporate Bond ETF Put Option @ $85.00 Exp. 06/15/2018 10,097 1,789 0.1%
iShares iBoxx $ High Yield Corporate Bond ETF Put Option @ $86.00 Exp. 03/16/2018 7,246 553 0.0%
Itron Inc. 5.00% 01-15-2026 Callable 2021 144A 1,920,000 2,455 0.2%
Jane Street Group LLC Term Loan B 1st Lien F/R 08-25-2022 2,264,250 2,937 0.2%
JBS USA Lux SA Term Loan B 1st Lien F/R 10-30-2022 1,022,275 1,307 0.1%
Jefferies Finance LLC 6.88% 04-15-2022 Callable 2,120,000 2,736 0.2%
KEMET Corp. Term Loan B 1st Lien F/R 04-26-2024 3,617,250 4,729 0.4%
Keystone Peer Review Organization Holdings Inc. Term Loan 1st Lien F/R 05-01-2024 1,007,475 1,303 0.1%
Kronos Acquisition Holdings Inc. 9.00% 08-15-2023 144A 590,000 736 0.1%
Lamb Weston Holdings Inc. 4.88% 11-01-2026 Callable 2021 144A 2,100,000 2,698 0.2%
Lanai Holdings III Inc. Term Loan B 1st Lien F/R 08-14-2022 294,000 372 0.0%
Lannett Co. Inc. Term Loan B 1st Lien F/R 11-25-2022 341,818 439 0.0%
Lantheus Medical Imaging Inc. Term Loan B 1st Lien F/R 06-30-2022 704,675 912 0.1%
Laurentian Bank of Canada F/R 10-22-2019 870,000 871 0.1%
LBM Borrower LLC Term Loan 1st Lien F/R 08-20-2022 695,360 902 0.1%
LD Intermediate Holdings Inc. Term Loan B 1st Lien F/R 12-09-2022 1,899,500 2,203 0.2%
Lee Enterprises Inc. 9.50% 03-15-2022 Callable 2018 144A 1,550,000 2,085 0.2%
LifeMiles Ltd. Term Loan B 1st Lien F/R 08-18-2022 1,589,250 2,106 0.2%
Lifetime Brands Inc. Term Loan B 1st Lien F/R 03-31-2025 1,460,000 1,885 0.1%
Lionbridge Technologies Inc. Term Loan 1st Lien F/R 02-28-2024 818,937 1,051 0.1%
Livingston International Inc. Term Loan 1st Lien F/R 03-18-2020 839,018 805 0.1%
Logibec Groupe Informatique Ltd. Term Loan 1st Lien F/R 12-31-2018 1,387,466 1,317 0.1%
MacDonald, Dettwiler & Associates Ltd. Term Loan B 1st Lien F/R 10-04-2024 1,360,000 1,756 0.1%
Mackenzie US Investment Grade Corporate Bond Index ETF (CAD-Hedged) 174,364 17,120 1.3%
Manulife Bank of Canada 2.84% 01-12-2023 430,000 430 0.0%
Mattamy Group Corp. 6.50% 10-01-2025 Callable 2020 4,290,000 4,485 0.3%
Mattamy Group Corp. 6.50% 10-01-2025 Callable 2020 144A 2,140,000 2,877 0.2%
McAfee LLC Term Loan B 1st Lien F/R 09-30-2024 6,861,575 8,864 0.7%
McDonald's Corp. 3.13% 03-04-2025 Callable 2025 900,000 901 0.1%
MEG Energy Corp. 7.00% 03-31-2024 Callable 2018 144A 2,440,000 2,670 0.2%
MEG Energy Corp. Term Loan B 1st Lien F/R 12-31-2023 2,898,100 3,728 0.3%
Meredith Corp. 6.88% 02-01-2026 Callable 2021 144A 1,370,000 1,814 0.1%
Meredith Corp. Term Loan B 1st Lien F/R 01-18-2025 7,400,000 9,564 0.7%
Metro Inc. 2.68% 12-05-2022 Callable 2022 190,000 188 0.0%
Metro Inc. 3.39% 12-06-2027 Callable 2027 400,000 391 0.0%
Mountain Province Diamonds Inc. 8.00% 12-15-2022 Callable 2019 144A 580,000 747 0.1%
Neenah Foundry Co. Term Loan B 1st Lien F/R 12-08-2022 1,720,000 2,260 0.2%
New Arclin US Holding Corp. Term Loan 1st Lien F/R 02-14-2024 906,100 1,168 0.1%
New Red Finance Inc. 5.00% 10-15-2025 Callable 2020 144A 4,230,000 5,308 0.4%
Newell Brands Inc. 4.20% 04-01-2026 Callable 2026 290,000 369 0.0%
Numericable-SFR 6.00% 05-15-2022 Callable 144A 8,090,000 10,100 0.8%
NuVista Energy Ltd. 6.50% 03-02-2023 Callable 2020 1,690,000 1,691 0.1%
NWH Escrow Corp. 7.50% 08-01-2021 Callable 144A 150,000 179 0.0%
OCI Beaumont LLC Term Loan B 1st Lien F/R 02-16-2025 2,000,000 2,583 0.2%
Odebrecht Finance Ltd. 5.25% 06-27-2029 450,000 131 0.0%
Office Depot Inc. Term Loan B 1st Lien F/R 11-08-2022 2,570,000 3,346 0.3%
OMERS Realty Corp. 3.24% 10-04-2027 Callable 2027 900,000 906 0.1%
Ontario Power Generation Inc. 3.32% 10-04-2027 Callable 2027 640,000 641 0.0%
Osteon Merger Sub Inc. Term Loan B 1st Lien F/R 02-06-2025 1,300,000 1,685 0.1%
Paradigm Acquisition Corp. Term Loan 1st Lien F/R 10-11-2024 244,375 318 0.0%
Parkland Fuel Corp. 5.75% 09-16-2024 Callable 2019 4,000,000 4,067 0.3%
Pembina Pipeline Corp. 2.99% 01-22-2024 Callable 2023 3,900,000 3,831 0.3%
Petrobras Global Finance BV 7.38% 01-17-2027 3,720,000 5,180 0.4%
Petroleos De Venezuela SA 6.00% 05-16-2024 4,201,000 1,371 0.1%
PetSmart Inc. 5.88% 06-01-2025 Callable 2020 144A 3,490,000 3,495 0.3%
PetSmart Inc. Term Loan B2 1st Lien F/R 03-10-2022 4,096,094 4,304 0.3%
Pioneer Holding LLC 9.00% 11-01-2022 Callable 2019 144A 1,930,000 2,613 0.2%
PNI Canada Acquireco Corp. Term Loan B 1st Lien F/R 08-23-2022 1,326,675 1,703 0.1%
Polycom Inc. Term Loan 1st Lien F/R 09-27-2023 3,944,573 5,101 0.4%
Power Products LLC Term Loan 1st Lien F/R 12-20-2022 1,423,094 1,858 0.1%
Premier Foods Finance PLC 6.50% 03-15-2021 Callable 590,000 1,058 0.1%
Primeline Utility Services LLC Term Loan B 1st Lien F/R 11-14-2022 1,649,007 2,126 0.2%
Prospect Medical Holdings Inc. Term Loan B 1st Lien F/R 02-15-2024 4,970,000 6,434 0.5%
Province of Newfoundland 3.70% 10-17-2048 2,290,000 2,451 0.2%
Province of Ontario 2.40% 06-02-2026 220,000 214 0.0%
Province of Ontario 2.60% 06-02-2027 3,330,000 3,268 0.3%
Province of Ontario 2.60% 09-08-2023 3,030,000 3,046 0.2%
Province of Ontario 2.80% 06-02-2048 2,800,000 2,640 0.2%
Province of Quebec 3.50% 12-01-2048 720,000 781 0.1%
PSC Industrial Outsourcing LP Term Loan 2nd Lien F/R 10-05-2025 540,000 683 0.1%
PSC Industrial Outsourcing LP Term Loan B 1st Lien F/R 10-05-2024 1,950,000 2,529 0.2%
Q Holding Co. Term Loan B 1st Lien F/R 12-17-2021 2,549,694 3,315 0.3%
QCP SNF West 8.13% 11-01-2023 Callable 2019 144A 4,235,000 5,547 0.4%
Quad Graphics Inc. 7.00% 05-01-2022 1,315,000 1,746 0.1%
Quebecor Media Inc. 6.625% 01-15-2023 144A 322,000 352 0.0%
Queensland Treasury Corp. 2.75% 08-20-2027 12,650,000 12,152 0.9%
Quest Software US Holdings Inc. Term Loan 1st Lien F/R 10-31-2022 2,323,307 3,039 0.2%
Quinpario Acquisition Corp. 2 B Term Loan 1st Lien F/R 06-30-2023 1,689,375 2,125 0.2%
Rackspace Hosting Inc. 8.63% 11-15-2024 Callable 2019 144A 8,340,000 11,185 0.9%
Red Ventures LLC Term Loan B 1st Lien F/R 11-08-2024 2,533,650 3,278 0.3%
Refresco Group NV Term Loan B 1st Lien F/R 09-27-2024 400,000 514 0.0%
Reliance Intermediate Holdings LP 6.50% 04-01-2023 Callable 2018 144A 3,020,000 4,066 0.3%
Reliance LP 3.84% 03-15-2025 Callable 2025 490,000 486 0.0%
Renfro Corp. Term Loan B 1st Lien F/R 03-31-2021 543,573 698 0.1%
Research Now Group Inc. Term Loan 1st Lien F/R 12-20-2024 4,280,000 5,448 0.4%
Research Now Group Inc. Term Loan 2nd Lien F/R 12-20-2025 710,000 855 0.1%
Resolute Forest Products Inc. 5.875% 05-15-2023 1,470,000 1,948 0.2%
Resolute Investment Managers Inc. Term Loan 2nd Lien F/R 04-30-2023 60,000 78 0.0%
Rite Aid Corp. 7.70% 02-15-2027 3,640,000 4,346 0.3%
Robertshaw Holdings Corp. Term Loan 2nd Lien F/R 02-02-2025 170,000 217 0.0%
Robertshaw US Holding Corp. Term Loan 1st Lien F/R 02-15-2025 870,000 1,128 0.1%
Royal Bank of Canada 2.36% 12-05-2022 460,000 453 0.0%
Scientific Games International Inc. 6.25% 09-01-2020 Callable 2,715,000 3,514 0.3%
Shaw Communications Inc. Pfd Series A 237,007 4,497 0.3%
Sinclair Television Group Inc. Term Loan B 1st Lien F/R 12-12-2024 1,970,000 2,537 0.2%
SmartCentres Real Estate Investment Trust 3.83% 12-21-2027 Callable 2027 150,000 147 0.0%
SMI Acquisition Inc. Term Loan 1st Lien F/R 10-27-2024 760,000 983 0.1%
SNC-Lavalin Group Inc. 2.69% 11-24-2020 130,000 130 0.0%
SoftBank Group Corp. 4.75% 09-19-2024 Callable 2024 660,000 826 0.1%
SoftBank Group Corp. 5.38% 07-30-2022 Callable 2022 1,500,000 1,968 0.2%
Source Energy Services Canada LP 10.50% 12-15-2021 Callable 2018 144A 2,651,000 2,896 0.2%
Source Energy Services Ltd. 24,759 153 0.0%
Sprint Capital Corp. 6.875% 11-15-2028 2,030,000 2,507 0.2%
Sprint Corp. 7.63% 02-15-2025 Callable 2024 6,420,000 8,315 0.6%
Sprint Corp. 7.875% 09-15-2023 1,160,000 1,540 0.1%
Staples Inc. Term Loan 1st Lien F/R 08-15-2024 5,273,050 6,733 0.5%
Star West Generation LLC Term Loan B 1st Lien F/R 03-13-2020 3,045,436 3,569 0.3%
Sun Life Financial Inc. F/R 11-23-2027 Callable 2022 380,000 376 0.0%
Sunshine Investments BV Term Loan B3 1st Lien F/R 12-15-2024 2,010,000 2,602 0.2%
Superior Plus LP 5.25% 02-27-2024 Callable 2020 6,750,000 6,836 0.5%
Syniverse Holdings Inc. Term Loan 1st Lien F/R 02-09-2023 3,480,000 4,509 0.3%
Talen Energy Supply LLC 10.50% 01-15-2026 Callable 2022 144A 950,000 1,145 0.1%
Talen Energy Supply LLC 9.50% 07-15-2022 Callable 2020 144A 4,070,000 5,212 0.4%
Team Health Holdings Inc. 6.38% 02-01-2025 Callable 2020 144A 2,150,000 2,546 0.2%
Telenet Finance Luxembourg Notes Sarl 5.50% 03-01-2028 Callable 2022 144A 800,000 991 0.1%
TELUS Corp. 3.63% 03-01-2028 Callable 2027 420,000 419 0.0%
Tenet Healthcare Corp. 6.75% 06-15-2023 4,010,000 5,155 0.4%
TerraForm Power Operating LLC 5.00% 01-31-2028 Callable 2027 144A 3,480,000 4,334 0.3%
TerraForm Power Operating LLC Term Loan B 1st Lien F/R 11-02-2022 990,000 1,282 0.1%
Teva Pharmaceutical Finance Netherlands III BV 3.15% 10-01-2026 Callable 2,420,000 2,530 0.2%
The Bank of Nova Scotia 2.36% 11-08-2022 1,440,000 1,417 0.1%
The Bank of Nova Scotia F/R 04-12-2066 Callable 2022 580,000 726 0.1%
The Men's Wearhouse Inc. 7.00% 07-01-2022 Callable 1,070,000 1,370 0.1%
The Neiman Marcus Group Ltd. LLC 8.00% 10-15-2021 Callable 144A 1,790,000 1,391 0.1%
The Pasha Group Term Loan B 1st Lien F/R 12-13-2022 2,490,000 3,211 0.2%
The Toronto-Dominion Bank F/R 07-25-2029 Callable 2024 18,840,000 18,672 1.4%
TMX Group Ltd. 2.30% 12-11-2024 Callable 2024 390,000 384 0.0%
Tortoise Borrower LLC Term Loan 1st Lien F/R 11-20-2024 890,000 1,159 0.1%
TransAlta Corp. Pfd. Series A 121,022 1,837 0.1%
TransCanada Corp. Pfd. Series 15 94,650 2,450 0.2%
TransCanada Trust F/R 05-18-2077 Callable 2027 1,270,000 1,256 0.1%
Traverse Midstream Partners LLC Term Loan B 1st Lien F/R 09-21-2024 910,000 1,178 0.1%
Treasury Corp. of Victoria 3.00% 10-20-2028 7,875,000 7,715 0.6%
Trico Products Corp. Term Loan 1st Lien F/R 02-02-2024 2,530,000 3,259 0.3%
TricorBraun Inc. (KRAIND) Term Loan 1st Lien F/R 11-30-2023 1,476,000 1,909 0.1%
TricorBraun Inc. (KRAIND) Term Loan Delayed Draw 1st Lien F/R 11-28-2023 148,718 192 0.0%
Uber Technologies Inc. Term Loan B 1st Lien F/R 07-13-2023 6,137,651 7,938 0.6%
Union Gas Ltd. 3.59% 11-22-2047 Callable 2047 430,000 428 0.0%
United Kingdom Treasury 4.25% 12-07-2027 5,525,000 12,191 0.9%
United States Treasury 2.25% 11-15-2027 12,950,000 15,725 1.2%
United States Treasury Inflation Indexed 0.89% 02-15-2047 13,990,000 17,833 1.4%
Valeant Pharmaceuticals International Inc. 5.63% 12-01-2021 Callable 144A 7,600,000 9,261 0.7%
VCVH Holding Corp. Term Loan 1st Lien F/R 05-10-2023 1,211,550 1,570 0.1%
Ventas Canada Finance Ltd. 2.55% 03-15-2023 Callable 2023 4,100,000 3,999 0.3%
Videotron Ltee 5.625% 06-15-2025 Callable 2025 470,000 501 0.0%
Videotron Ltee 5.75% 01-15-2026 Callable 2020 6,090,000 6,397 0.5%
Vistage Worldwide Inc. Term Loan 1st Lien F/R 02-01-2025 2,100,000 2,708 0.2%
VRX Escrow Corp. 5.375% 03-15-2020 Callable 144A 3,060,000 3,921 0.3%
WellDyneDx Inc. Term Loan 1st Lien F/R 08-16-2022 2,924,125 3,677 0.3%
Werner FinCo LP Term Loan 1st Lien F/R 06-23-2024 2,914,725 3,787 0.3%
Westcoast Energy Inc. 5.20% Cum. Red. First Pfd. Series 12 27,930 730 0.1%
Western Dental Services Inc. Term Loan B 1st Lien F/R 06-23-2023 1,681,550 2,185 0.2%
Williams Scotsman International Inc. 7.88% 12-15-2022 Callable 2019 144A 3,340,000 4,494 0.3%
Wind Tre SPA 5.00% 01-20-2026 Callable 2020 5,170,000 5,745 0.4%
Windstream Services LLC Term Loan B6 1st Lien F/R 03-16-2021 1,252,561 1,527 0.1%
YRC Worldwide Inc. Term Loan 1st Lien F/R 07-21-2022 2,014,701 2,612 0.2%
Zotec Partners LLC Term Loan 1st Lien F/R 02-09-2024 2,970,000 3,792 0.3%
Total Investments -- 1,044,185 79.9%
Cash & Equivalents -- 356,401 28.4%
Currency Hedge Contracts -- -10,116 -0.8%
Other Assets (Liabilities) -- -96,577 -7.5%
Total Net Assets -- 1,293,893 100.0%

Asset Allocation (%) Help Holdings by region and sector

As of April 30, 2018
  • Regional Allocation
      United States
    50.2%
      Canada
    34.7%
      Other
    3.3%
      United Kingdom
    3.1%
      Australia
    1.4%
      Netherlands
    1.3%
      Bahamas
    1.1%
      Brazil
    1.1%
      France
    0.7%
      Japan
    0.4%
      Cash & Equivalents 2.7%
  • Sector Allocation
      Corporate Bonds 41.3%
      Bank Loans 27.9%
      Federal Bonds 13.7%
      Foreign Fixed Income 8.3%
      Cash & Equivalents 2.7%
      Equities 1.9%
      Mutual&Pooled 1.8%
      Provincial Bonds 1.4%
      Other 1%
Credit Allocation (%)
AAA 18.2%
AA 4.3%
A 3%
BBB 7.2%
BB 18.2%
B 33.2%
CCC & Below 7.6%
NR 3.6%
Cash & Equivalents 2.7%
Equities 1.9%

Portfolio Managers

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

Konstantin Boehmer, MBA

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

The Series PWT8 version of this fund is closed to new investments.

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 FTSE TMX Canada 91 Day T-Bill Index measures the return attributable to 91-day Treasury Bills.

†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).