Fund Portfolio – Mackenzie USD Global Strategic Income Fund Series A MFC4825 MFC4826 MFC7246 MFC4827 | Mackenzie Investments

Mackenzie USD Global Strategic Income Fund Series A

Asset Class: Global Balanced

Major Holdings (%) Help Top holdings by percentage

As of March 31, 2017
Major holdings represent 14.1% of the fund.
View all holdings
Total # of
Equity Holdings
82
Total # of
Fixed Income Holdings
173
Holding name, country and sector Percentage of holding in fund
United States Treasury 3.00% 02-15-2047
United States | Foreign Governments
2.0%
Government of Poland 3.25% 07-25-2025
Poland | Foreign Governments
1.9%
United States Treasury Inflation Indexed Bonds
United States | Foreign Governments
1.5%
Government of Mexico 10.00% 12-05-2024
Mexico | Foreign Governments
1.4%
Wells Fargo & Co
United States | Diversified Banks
1.4%
Government of France 1.00% 11-25-2025
France | Foreign Governments
1.3%
Microsoft Corp
United States | Systems Software
1.3%
Broadcom Ltd
United States | Semiconductors
1.2%
Deutsche Boerse AG
Germany | Financial Exchanges & Data
1.1%
Philip Morris International Inc
United States | Tobacco
1.1%

Complete Fund Holdings Help Full holdings list

As of January 31, 2017
Holding Name No. of Shares/Units Market Value CAD (000s) % of NAV
3M Co. 800 140 0.5%
407 International Inc. 2.43% 05-04-2027 MTN Callable 30,000 22 0.1%
407 International Inc. 3.60% 05-21-2047 Callable 30,000 22 0.1%
Abbott Laboratories 3,700 155 0.5%
AbbVie Inc. 2,900 177 0.6%
Admiral Group PLC 7,000 156 0.6%
African Development Bank F/R 02-24-2019 1,000,000 115 0.4%
Air Liquide SA 2,137 231 0.8%
Algonquin Power & Utilities Corp. 4.09% 02-17-2027 Callable 50,000 39 0.1%
Algonquin Power & Utilities Corp. 4.65% 02-15-2022 80,000 66 0.2%
Alimentation Couche-Tard Inc. 3.319% 11-01-2019 Callable 100,000 80 0.3%
Allergan PLC 1,100 241 0.8%
Allied Properties Real Estate Investment Trust 3.934% 11-14-2022 Series B 26,000 20 0.1%
AltaGas Ltd. Pfd. Series E 60 1 0.0%
Altalink LP 3.717% 12-03-2046 Callable Series MTN 53,000 40 0.1%
Altria Group Inc. 2,800 199 0.7%
Anheuser-Busch InBev Finance Inc. 2.65% 02-01-2021 Callable 2021 125,000 126 0.4%
Anheuser-Busch InBev Finance Inc. 3.30% 02-01-2023 Callable 2022 30,000 30 0.1%
Anheuser-Busch InBev NV 1,100 114 0.4%
Anheuser-Busch InBev Worldwide Inc. 2.50% 07-15-2022 50,000 49 0.2%
Apple Inc. 1,600 194 0.7%
Atlantia SPA 7,700 175 0.6%
Atlas Copco AB A 5,100 163 0.6%
Bank of Montreal 1.61% 10-28-2021 Series DPTN 30,000 23 0.1%
Bank of Montreal 1.88% 03-31-2021 50,000 38 0.1%
Bank of Montreal 3.32% 06-01-2026 30,000 24 0.1%
Bayer AG 1,600 177 0.6%
Becton, Dickinson and Co. 1,500 266 0.9%
Bell Canada 2.00% 10-01-2021 40,000 30 0.1%
British American Tobacco PLC 4,700 289 1.0%
Broadcom Ltd. 1,700 339 1.2%
Brookfield Asset Management Inc. 4.80% Pfd. Callable 2017 Series 30 59 1 0.0%
Brookfield Asset Management Inc. Pfd. Series 46 1,427 28 0.1%
Brookfield Renewable Energy Partners ULC 3.63% 01-15-2027 Callable 2026 30,000 23 0.1%
Bruce Power LP 2.844% 06-23-2021 50,000 39 0.1%
Bruce Power LP 3.969% 06-23-2026 10,000 8 0.0%
Bureau Veritas SA 5,700 111 0.4%
Caisse Centrale Desjardins 2.09% 01-17-2022 60,000 46 0.2%
Camelot Finance SA 7.875% 10-15-2024 Callable 2019 20,000 21 0.1%
Canadian Imperial Bank of Commerce 1.66% 01-20-2020 DPNT 60,000 46 0.2%
Canadian Imperial Bank of Commerce 1.90% 04-26-2021 DPNT 30,000 23 0.1%
Canadian Imperial Bank of Commerce 3.42% 01-26-2026 Callable 2021 10,000 8 0.0%
CETIP SA - Mercados Organizados 15,800 236 0.8%
China Mobile Ltd. 12,400 140 0.5%
Cielo SA 10,500 88 0.3%
City of Gothenburg F/R 08-12-2017 400,000 46 0.2%
City of Oslo 2.35% 09-04-2024 2,000,000 243 0.9%
CME Group Inc. 1,800 218 0.8%
Cominar REIT 4.247% 05-23-2023 20,000 16 0.1%
Commonwealth of Bahamas 5.75% 01-16-2024 240,000 241 0.8%
Commonwealth of Bahamas 6.95% 11-20-2029 260,000 279 1.0%
Communications Sales & Leasing Inc. Term Loan B 1st Lien F/R 10-24-2022 43,952 44 0.2%
Compagnie Financiere Richemont SA 2,300 178 0.6%
ConvergeOne Holdings Corp. Term Loan 1st Lien F/R 06-16-2020 49,872 50 0.2%
Croda International PLC 1,796 76 0.3%
Currency Call Option AUD/NZD 04-26-2017 Strike 1.075 1,500,000 3 0.0%
Daimler Canada Finance Inc. 2.23% 12-16-2021 Series EMTN 30,000 23 0.1%
Danske Bank AS F/R 05-22-2020 1,000,000 116 0.4%
Deutsche Boerse AG 3,700 340 1.2%
DHX Media Ltd. 5.875% 12-02-2021 Callable 2017 20,000 16 0.1%
Diageo PLC 2,600 72 0.3%
Drive DeVilbiss (CD&R Reign Merger Sub Inc.) Term Loan 1st Lien F/R 12-21-2022 20,000 19 0.1%
Eagle Credit Card Trust 2.147% 09-17-2020 100,000 78 0.3%
Emera Inc. 4.10% Cum. Conv. Pfd. Series C 30 1 0.0%
Enbridge Inc. 4.00% Cum. Red. Pfd. Series B 1,800 25 0.1%
Fairfax Financial Holdings Ltd. 4.50% 03-22-2023 100,000 81 0.3%
Fairfax Financial Holdings Ltd. 4.70% 12-16-2026 Callable 2026 30,000 24 0.1%
Fairfax Financial Holdings Ltd. Pfd. Series K 30 1 0.0%
Fairmount Santrol Holdings Inc. Term Loan B2 1st Lien F/R 09-05-2019 49,667 49 0.2%
Fanuc Corp. 700 137 0.5%
Flex Acquisition Co. Inc. 6.88% 01-15-2025 Callable 2020 12,000 12 0.0%
FLIR Systems Inc. 7,883 279 1.0%
Fortified Trust 1.67% 07-23-2021 40,000 30 0.1%
Fortis Inc. 2.85% 12-12-2023 Callable 2023 20,000 16 0.1%
Frontier Communications Corp. 8.75% 04-15-2022 100,000 101 0.4%
Futures Contracts 23 0.1%
Gaz Metro Inc. 1.52% 05-25-2020 10,000 8 0.0%
General Electric Co. 8,900 264 0.9%
General Electric Co. 8.35% 09-03-2022 1,000,000 49 0.2%
Global Eagle Entertainment Inc. Term Loan 1st Lien F/R 12-22-2022 30,000 30 0.1%
Government of Argentina 5.00% 01-15-2027 100,000 99 0.3%
Government of Bermuda 4.138% 01-03-2023 200,000 205 0.7%
Government of Bermuda 4.854% 02-06-2024 160,000 168 0.6%
Government of Brazil 10.00% 01-01-2023 75,000 230 0.8%
Government of Canada 1.25% 12-01-2047 Real Return 175,000 165 0.6%
Government of Canada 2.75% 12-01-2048 40,000 33 0.1%
Government of Chile 5.50% 08-05-2020 110,000,000 179 0.6%
Government of France 0.50% 05-25-2025 150,000 159 0.6%
Government of France 0.50% 05-25-2026 375,000 388 1.4%
Government of France 1.00% 11-25-2025 350,000 382 1.3%
Government of Mexico 10.00% 12-05-2024 6,700,000 372 1.3%
Government of Mexico 5.95% 03-19-2019 100,000 108 0.4%
Government of Morocco 4.50% 10-05-2020 50,000 60 0.2%
Government of Netherlands 0.50% 07-15-2026 395,000 423 1.5%
Government of Poland 3.25% 07-25-2025 2,250,000 544 1.9%
Government of Portugal 5.125% 10-15-2024 190,000 184 0.7%
Government of Romania 2.875% 10-28-2024 135,000 155 0.5%
Government of Romania 3.625% 04-24-2024 50,000 60 0.2%
Grande Communications Networks LLC Bridge Loan 05-20-2017 50,000 0.0%
Granite REIT Holdings LP 3.87% 11-30-2023 Callable 2023 30,000 23 0.1%
GST AutoLeather Inc. Term Loan B 1st Lien F/R 06-03-2020 60,226 59 0.2%
Hang Lung Properties Ltd. 86,100 213 0.8%
Harley-Davidson Inc. 2,800 160 0.6%
Heathrow Funding Ltd. 4.875% 07-15-2021 100,000 107 0.4%
Heineken Holding NV A 2,500 175 0.6%
Highland Acquisition Holdings LLC Term Loan B 1st Lien F/R 11-23-2023 100,000 97 0.3%
Honeywell International Inc. 1,300 154 0.5%
HSBC Holdings PLC 26,700 227 0.8%
Hydro One Inc. 3.72% 11-18-2047 20,000 15 0.1%
Hyperion Insurance Group Ltd. Term Loan B 1st Lien F/R 03-26-2022 99,746 100 0.4%
Inception Merger Sub Inc. 8.63% 11-15-2024 Callable 2019 30,000 31 0.1%
Inter Pipeline Ltd. 3.48% 12-16-2026 Callable 2026 10,000 8 0.0%
International Finance Corp. 6.30% 11-25-2024 7,000,000 105 0.4%
iQor US Inc. Term Loan B 1st Lien F/R 02-20-2021 123,553 119 0.4%
Italy Buoni Poliennali Del Tesoro 0.10% 05-15-2022 125,000 136 0.5%
Italy Buoni Poliennali Del Tesoro 2.70% 03-01-2047 60,000 58 0.2%
Japan Tobacco Inc. 4,800 155 0.5%
Jardine Matheson Holdings Ltd. 1,800 111 0.4%
Johnson & Johnson 2,200 249 0.9%
JPMorgan Chase & Co. 3,300 279 1.0%
KAR Auction Services Inc. 4,300 196 0.7%
Koninklijke Philips NV 4,887 143 0.5%
Lantheus Medical Imaging Inc. Term Loan B 1st Lien F/R 06-30-2022 48,944 49 0.2%
Lawson Inc. 1,800 131 0.5%
LD Intermediate Holdings Inc. Term Loan B 1st Lien F/R 12-08-2022 10,000 10 0.0%
Lions Gate Entertainment Corp. Term Loan B 1st Lien F/R 10-12-2023 40,000 40 0.1%
Livingston International Inc. Term Loan B2 1st Lien F/R 04-18-2019 49,871 36 0.1%
Lockheed Martin Corp. 700 176 0.6%
Mackenzie Unconstrained Fixed Income Fund Series R 6,098 48 0.2%
McDonald's Corp. 1,600 196 0.7%
Mexican Bonos 5.00% 12-11-2019 4,200,000 192 0.7%
Mexican Udibonos Inflation Indexed Bonds 4.50% 12-04-2025 350,000 104 0.4%
Mexican Udibonos Inflation Linked Bonds 4.00% 11-15-2040 400,000 111 0.4%
Microsoft Corp. 5,700 369 1.3%
Molson Coors International LP 2.25% 09-18-2018 125,000 97 0.3%
Molson Coors International LP 2.84% 07-15-2023 Callable 2023 30,000 23 0.1%
Molson Coors International LP 3.44% 07-15-2026 Callable Series MPLE 100,000 76 0.3%
Monsanto Co. 2,000 217 0.8%
Moody's Corp. 1,900 197 0.7%
Morgan Stanley 3.00% 02-07-2024 Series MPLE 60,000 46 0.2%
Motorola Solutions Inc. 3,700 299 1.1%
Nestlé SA Reg. 3,400 248 0.9%
Nielsen Holdings PLC 1,600 65 0.2%
Northern Trust Corp. 2,100 174 0.6%
Novo Nordisk AS B 4,100 147 0.5%
Nykredit Realkredit A/S 1.00% 01-01-2021 2,050,000 308 1.1%
Oaktree Capital Group LLC 4,200 177 0.6%
Occidental Petroleum Corp. 2,900 197 0.7%
OPB Finance Trust 2.98% 01-25-2027 Series F 30,000 23 0.1%
Oracle Corp. 5,500 221 0.8%
Outfront Media Inc. 5,700 156 0.6%
Owens & Minor Inc. 5,000 179 0.6%
Paradigm Acquisition Corp. Term Loan 1st Lien F/R 06-02-2022 49,250 49 0.2%
Parkland Fuel Corp. 5.75% 09-16-2024 Callable 2019 50,000 40 0.1%
Patterson Companies Inc. 2,400 100 0.4%
Pembina Pipeline Corp. 2.99% 01-22-2024 Callable 2023 23,000 18 0.1%
Pembina Pipeline Corp. 3.71% 08-11-2026 Callable 2026 30,000 24 0.1%
Pembina Pipeline Corp. Pfd. Series 1 35 1 0.0%
PepsiCo Inc. 2.50% 11-01-2022 100,000 134 0.5%
Pernod Ricard SA 700 82 0.3%
Philip Morris International Inc. 2,800 269 0.9%
Portugal Obrigacoes do Tesouro OT 2.875% 10-15-2025 90,000 89 0.3%
Portugal Obrigacoes do Tesouro OT 4.10% 02-15-2045 50,000 46 0.2%
Prospect Medical Holdings Inc. Term Loan B 1st Lien F/R 06-01-2022 49,875 50 0.2%
Province of Manitoba 2.85% 09-05-2046 80,000 54 0.2%
Province of Ontario 1.875% 05-21-2020 100,000 100 0.4%
Q Holdings Co. Term Loan B 1st Lien F/R 12-18-2021 19,949 20 0.1%
QCP SNF West 8.125% 11-01-2023 Callable 2019 20,000 20 0.1%
Realkredit Danmark AS 1.00% 04-01-2021 900,000 135 0.5%
Realkredit Danmark AS 1.00% 04-01-2022 2,150,000 322 1.1%
Renfro Corp. Term Loan B 1st Lien F/R 01-30-2019 117,080 106 0.4%
Republic of Argentina 7.63% 04-22-2046 150,000 149 0.5%
Roche Holding AG Genusscheine 900 212 0.7%
Royal Bank of Canada 1.583% 09-13-2021 50,000 38 0.1%
Royal Bank of Canada 1.65% 07-15-2021 10,000 8 0.0%
Royal Bank of Canada 2.333% 12-05-2023 Series DPNT 10,000 8 0.0%
Royal Bank of Canada 3.31% 01-20-2026 40,000 31 0.1%
Safran SA 3,500 237 0.8%
Sage Automotive Holdings Inc. Term Loan 1st Lien F/R 10-27-2022 50,000 50 0.2%
Sands China Ltd. 44,200 197 0.7%
SAP AG 2,300 210 0.7%
Schindler Holding AG PC 1,000 190 0.7%
Schlumberger Ltd. 2,400 201 0.7%
Source Energy Services Canada LP 10.50% 12-15-2021 Callable 2018 50,000 43 0.2%
Sun Life Financial Inc. F/R 02-19-2026 Callable 2021 20,000 16 0.1%
Sun Life Financial Inc. F/R 09-25-2025 Callable 2020 80,000 62 0.2%
Sydney Airport Finance Co. Pty. Ltd. 3.625% 04-28-2026 Callable 2026 40,000 39 0.1%
Team Health Holdings Inc. Bridge Loan 05-05-2017 Sr. Unsecured 110,000 0.0%
Telefonica Deutschland Holding AG 47,300 197 0.7%
Telefonica Emisiones SAU 3.987% 01-23-2023 100,000 125 0.4%
Temasek Financial I Ltd. 3.265% 02-19-2020 250,000 185 0.7%
Tencent Holdings Ltd. 3,800 100 0.4%
Tennessee Merger Sub Inc. Term Loan B 1st Lien F/R 01-12-2024 50,000 50 0.2%
The Bank of Nova Scotia 1.90% 12-02-2021 Series DPNT 60,000 46 0.2%
The European Bank for Reconstruction & Development 7.375% 04-15-2019 1,650,000,000 124 0.4%
The Goldman Sachs Group Inc. 5.20% 12-17-2019 100,000 76 0.3%
The Kingdom of Denmark 1.75% 11-15-2025 1,200,000 194 0.7%
The Kraft Heinz Co. 2,100 188 0.7%
The Sherwin-Williams Co. 400 122 0.4%
The Toronto-Dominion Bank 1.68% 06-08-2021 30,000 23 0.1%
The Toronto-Dominion Bank 1.909% 07-18-2023 Series DPNT 30,000 23 0.1%
The Toronto-Dominion Bank 2.692% 06-24-2025 Callable 2020 40,000 31 0.1%
The Toronto-Dominion Bank 4.859% 03-04-2031 Callable 2026 MTN 10,000 9 0.0%
The Weir Group PLC 5,400 136 0.5%
Tong Ren Tang Technologies Co. Ltd. 35,300 63 0.2%
TransCanada Corp. 4.00% Pfd. Series 7 238 4 0.0%
TransCanada Corp. 4.25% First Pfd. Cum. Red. Series 9 201 3 0.0%
TransCanada Corp. Pfd. Series 15 3,604 70 0.2%
TransCanada Pipelines Ltd. 3.125% 01-15-2019 20,000 20 0.1%
TricorBraun Inc. (KRAIND) Delayed Draw Term loan 1st Lien F/R 11-28-2023 9,091 9 0.0%
TricorBraun Inc. (KRAIND) Term Loan 1st Lien F/R 11-28-2023 90,909 92 0.3%
Trinidad Generation UnLtd. 5.25% 11-04-2027 200,000 200 0.7%
Uber Technologies Inc. Term Loan B 1st Lien F/R 07-07-2023 49,925 50 0.2%
Unilever NV CVA 3,800 153 0.5%
Union Gas Ltd. 2.81% 06-01-2026 Callable 50,000 38 0.1%
United States Treasury 2.85% 01-15-2027 225,000 320 1.1%
United States Treasury Inflation Indexed Bond 0.625% 01-15-2026 450,000 466 1.6%
United States Treasury Inflation Indexed Bonds 0.75% 02-15-2045 150,000 147 0.5%
United States Treasury Inflation Indexed Bonds 2.125% 02-15-2041 160,000 223 0.8%
Universal Hospital Services Inc. 7.625% 08-15-2020 Callable 100,000 100 0.4%
Verizon Communications Inc. 2.625% 08-15-2026 Callable 2026 60,000 54 0.2%
Videotron Ltee 5.75% 01-15-2026 Callable 2020 10,000 8 0.0%
Visa Inc. Class A 2,200 182 0.6%
Volkswagen Financial Services NV 1.75% 04-17-2020 50,000 63 0.2%
WellDyneDx Inc. Term Loan 1st Lien F/R 10-12-2023 15,000 14 0.1%
Wells Fargo & Co. 7,200 406 1.4%
Wells Fargo & Co. 2.51% 10-27-2023 30,000 23 0.1%
Wells Fargo & Co. 2.975% 05-19-2026 Series MPLE 180,000 135 0.5%
Westcoast Energy Inc. 5.60% 01-16-2019 Callable 200,000 165 0.6%
Windstream Services LLC Term Loan 1st Lien F/R 03-18-2021 35,000 35 0.1%
Total Investments -- 26,915 95.4%
Cash & Equivalents -- 1,249 4.0%
Currency Hedge Contracts -- -112 -0.4%
Other Assets (Liabilities) -- 284 1.0%
Total Net Assets -- 28,336 100.0%

Asset Allocation (%) Help Holdings by region and sector

As of March 31, 2017
  • Regional Allocation
      United States
    EQ : 26.5% | FI : 14.0%
    40.5%
      Other
    EQ : 12.5% | FI : 18.7%
    31.2%
      Canada
    FI : 6.8%
    6.8%
      Mexico
    FI : 4.1%
    4.1%
      United Kingdom
    EQ : 3.9%
    3.9%
      Germany
    EQ : 3.3%
    3.3%
      Switzerland
    EQ : 3.1%
    3.1%
      Denmark
    FI : 2.9%
    2.9%
      Cash & Equivalents 4.2%
  • Sector Allocation
      Fixed Income 46.2%
      Industrials 8.9%
      Information Technology 8.6%
      Financials 8.1%
      Consumer Staples 7.3%
      Health Care 7%
      Cash & Equivalents 4.2%
      Consumer Discretionary 2.5%
      Materials 2.2%
      Other 2.1%
      Energy 1.6%
      Real Estate 1.3%
Credit Allocation (%)
AAA 13.9%
AA 3.2%
A 12.2%
BBB 7.6%
BB 4%
B 4.4%
C 0.3%
NR 0.9%
Cash & Equivalents 4.2%
Equities 49.3%

Other Global Balanced Funds

Portfolio Managers

Steve Locke, MBA, CFA

Senior Vice President, Portfolio Manager, Head of Team

Mackenzie Fixed Income Team

Investment experience since 1995

Darren McKiernan, CFA

Senior Vice President, Portfolio Manager, Head of Team

Mackenzie Global Equity & Income Team

Investment experience since 1995

Konstantin Boehmer

Vice President, Portfolio Manager

Mackenzie Fixed Income Team

Investment experience since 2003

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 Blended Index is comprised of 50% MSCI World Index and 50% BofAML Global Broad Market Hedged USD.

†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).