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 February 28, 2017
Major holdings represent 14.2% of the fund.
View all holdings
Total # of
Equity Holdings
87
Total # of
Fixed Income Holdings
162
Holding name, country and sector Percentage of holding in fund
United States Treasury Inflation Indexed Bonds
United States | Foreign Governments
2.3%
Government of Poland 3.25% 07-25-2025
Poland | Foreign Governments
1.9%
Wells Fargo & Co
United States | Diversified Banks
1.4%
Government of Mexico 10.00% 12-05-2024
Mexico | Foreign Governments
1.3%
Government of France 0.50% 05-25-2026
France | Foreign Governments
1.3%
Government of France 1.00% 11-25-2025
France | Foreign Governments
1.3%
Microsoft Corp
United States | Systems Software
1.3%
Broadcom Ltd
Singapore | 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 December 31, 2016
Holding Name No. of Shares/Units Market Value CAD (000s) % of NAV
3M Co. 800 143 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 3,700 142 0.5%
AbbVie Inc. 2,900 182 0.7%
Admiral Group PLC 7,000 157 0.6%
African Development Bank F/R 02-24-2019 1,000,000 110 0.4%
Air Liquide SA 2,137 237 0.9%
Algonquin Power & Utilities Corp. 4.65% 02-15-2022 100,000 79 0.3%
Alimentation Couche-Tard Inc. 3.319% 11-01-2019 Callable 100,000 77 0.3%
Allergan PLC 1,100 231 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 39 0.1%
Altria Group Inc. 2,800 189 0.7%
Anheuser-Busch InBev Finance Inc. 2.65% 02-01-2021 Callable 2021 125,000 126 0.5%
Anheuser-Busch InBev Finance Inc. 3.30% 02-01-2023 Callable 2022 30,000 31 0.1%
Anheuser-Busch InBev NV 1,100 116 0.4%
Anheuser-Busch InBev Worldwide Inc. 2.50% 07-15-2022 50,000 49 0.2%
Apple Inc. 1,600 185 0.7%
Atlantia SPA 7,700 180 0.6%
Atlas Copco AB A 4,800 146 0.5%
Bank of Montreal 1.61% 10-28-2021 Series DPTN 30,000 22 0.1%
Bank of Montreal 1.88% 03-31-2021 50,000 37 0.1%
Bank of Montreal 3.32% 06-01-2026 30,000 23 0.1%
Bayer AG 1,400 146 0.5%
Becton, Dickinson and Co. 1,500 248 0.9%
Bell Canada 2.00% 10-01-2021 40,000 29 0.1%
British American Tobacco PLC 4,700 267 1.0%
Broadcom Ltd. 1,700 301 1.1%
Brookfield Asset Management Inc. 4.80% Pfd. Callable 2017 Series 30 59 1 0.0%
Brookfield Asset Management Inc. Pfd. Series 46 1,427 27 0.1%
Brookfield Renewable Energy Partners ULC 3.63% 01-15-2027 Callable 2026 30,000 22 0.1%
Bruce Power LP 2.844% 06-23-2021 50,000 38 0.1%
Bruce Power LP 3.969% 06-23-2026 10,000 8 0.0%
Bureau Veritas SA 5,700 111 0.4%
Calfrac Holdings LP 7.50% 12-01-2020 Callable 10,000 9 0.0%
Camelot Finance SA 7.875% 10-15-2024 Callable 2019 20,000 21 0.1%
Canadian Imperial Bank of Commerce 1.90% 04-26-2021 DPNT 30,000 22 0.1%
Canadian Imperial Bank of Commerce 3.42% 01-26-2026 Callable 2021 10,000 8 0.0%
CETIP SA - Mercados Organizados 16,800 230 0.8%
China Mobile Ltd. 12,400 130 0.5%
Cielo SA 10,500 90 0.3%
City of Gothenburg F/R 08-12-2017 400,000 44 0.2%
City of Oslo 2.35% 09-04-2024 2,000,000 232 0.8%
CME Group Inc. 1,800 208 0.7%
Cominar REIT 4.247% 05-23-2023 20,000 15 0.1%
Commonwealth of Bahamas 5.75% 01-16-2024 240,000 245 0.9%
Commonwealth of Bahamas 6.95% 11-20-2029 260,000 285 1.0%
Communications Sales & Leasing Inc. Term Loan B 1st Lien F/R 10-24-2022 44,063 45 0.2%
Compagnie Financiere Richemont SA 2,300 152 0.5%
ConvergeOne Holdings Corp. Term Loan 1st Lien F/R 06-16-2020 50,000 50 0.2%
Croda International PLC 1,796 71 0.3%
Currency Put Option AUD/NZD 01-09-2017 Strike 1.03 2,200,000 2 0.0%
Daimler Canada Finance Inc. 2.23% 12-16-2021 Series EMTN 30,000 22 0.1%
Danske Bank AS F/R 05-22-2020 1,000,000 111 0.4%
Deutsche Boerse AG 3,700 302 1.1%
DHX Media Ltd. 5.875% 12-02-2021 Callable 2017 20,000 15 0.1%
Diageo PLC 2,600 67 0.2%
Drive DeVilbiss (CD&R Reign Merger Sub Inc.) Term Loan 1st Lien F/R 12-21-2022 20,000 18 0.1%
Eagle Credit Card Trust 2.147% 09-17-2020 100,000 75 0.3%
Emera Inc. 4.10% Cum. Conv. Pfd. Series C 30 0.0%
Emerging Markets Communications LLC Term Loan B 1st Lien F/R 06-29-2021 49,250 49 0.2%
Enbridge Inc. 4.00% Cum. Red. Pfd. Series B 1,083 14 0.0%
Fairfax Financial Holdings Ltd. 4.50% 03-22-2023 100,000 77 0.3%
Fairfax Financial Holdings Ltd. 4.70% 12-16-2026 Callable 2026 30,000 23 0.1%
Fairfax Financial Holdings Ltd. Pfd. Series K 30 0.0%
Fairmount Santrol Holdings Inc. Term Loan B2 1st Lien F/R 09-05-2019 49,795 49 0.2%
Fanuc Corp. 700 118 0.4%
Flex Acquisition Co. Inc. Term Loan F/R 12-06-2017 (Bridge Term as per BBG) 30,000 30 0.1%
FLIR Systems Inc. 7,883 285 1.0%
Fortified Trust 1.67% 07-23-2021 40,000 29 0.1%
Fortis Inc. 2.85% 12-12-2023 Callable 2023 20,000 15 0.1%
Frontier Communications Corp. 8.75% 04-15-2022 100,000 99 0.4%
Futures Contracts -2 0.0%
Gaz Metro Inc. 1.52% 05-25-2020 10,000 7 0.0%
General Electric Co. 8,900 281 1.0%
General Electric Co. 8.35% 09-03-2022 1,000,000 48 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 93 0.3%
Government of Bermuda 4.138% 01-03-2023 200,000 204 0.7%
Government of Bermuda 4.854% 02-06-2024 160,000 167 0.6%
Government of Brazil 10.00% 01-01-2023 75,000 217 0.8%
Government of Canada 1.25% 12-01-2047 Real Return 250,000 236 0.8%
Government of Canada 2.75% 12-01-2048 40,000 33 0.1%
Government of Chile 5.50% 08-05-2020 110,000,000 172 0.6%
Government of France 0.50% 05-25-2025 150,000 159 0.6%
Government of France 0.50% 05-25-2026 375,000 391 1.4%
Government of France 1.00% 11-25-2025 350,000 384 1.4%
Government of Mexico 10.00% 12-05-2024 6,700,000 374 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 58 0.2%
Government of Netherlands 0.50% 07-15-2026 395,000 422 1.5%
Government of Poland 3.25% 07-25-2025 2,250,000 527 1.9%
Government of Portugal 5.125% 10-15-2024 190,000 186 0.7%
Government of Romania 2.875% 10-28-2024 135,000 151 0.5%
Government of Romania 3.625% 04-24-2024 50,000 59 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 22 0.1%
GST AutoLeather Inc. Term Loan B 1st Lien F/R 06-03-2020 60,226 59 0.2%
Hang Lung Properties Ltd. 86,100 180 0.6%
Harley-Davidson Inc. 2,800 163 0.6%
Heathrow Funding Ltd. 4.875% 07-15-2021 100,000 107 0.4%
Heineken Holding NV A 2,500 174 0.6%
Highland Acquisition Holdings LLC Term Loan B 1st Lien F/R 11-23-2023 100,000 95 0.3%
Honeywell International Inc. 1,100 127 0.5%
HSBC Holdings PLC 26,700 216 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 100,000 101 0.4%
Inception Merger Sub Inc. 8.63% 11-15-2024 Callable 2019 30,000 32 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 123,869 119 0.4%
Italy Buoni Poliennali Del Tesoro 0.10% 05-15-2022 125,000 134 0.5%
Italy Buoni Poliennali Del Tesoro 2.70% 03-01-2047 60,000 61 0.2%
Japan Tobacco Inc. 4,800 158 0.6%
Jardine Matheson Holdings Ltd. 1,800 99 0.4%
Johnson & Johnson 2,000 230 0.8%
JPMorgan Chase & Co. 3,300 285 1.0%
KAR Auction Services Inc. 4,300 183 0.7%
Lantheus Medical Imaging Inc. Term Loan B 1st Lien F/R 06-30-2022 49,101 49 0.2%
Lawson Inc. 1,800 126 0.5%
LD Intermediate Holdings Inc. Term Loan B 1st Lien F/R 12-08-2022 10,000 9 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 50,000 35 0.1%
Lockheed Martin Corp. 700 175 0.6%
Mackenzie Unconstrained Fixed Income Fund Series R 6,098 46 0.2%
McDonald's Corp. 1,600 195 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 350,000 106 0.4%
Mexican Udibonos Inflation Linked Bonds 4.00% 11-15-2040 400,000 111 0.4%
Microsoft Corp. 5,700 354 1.3%
Molson Coors International LP 2.25% 09-18-2018 125,000 94 0.3%
Molson Coors International LP 2.84% 07-15-2023 Callable 2023 30,000 22 0.1%
Molson Coors International LP 3.44% 07-15-2026 Callable Series MPLE 100,000 73 0.3%
Monsanto Co. 2,000 210 0.8%
Moody's Corp. 1,900 179 0.6%
Motorola Solutions Inc. 3,700 307 1.1%
MPLX LP 4.5% 07-15-2023 60,000 61 0.2%
Nestlé SA Reg. 3,400 244 0.9%
Nielsen Holdings PLC 1,600 67 0.2%
Northern Trust Corp. 2,100 187 0.7%
Novo Nordisk AS B 3,800 137 0.5%
Nykredit Realkredit A/S 1.00% 01-01-2021 2,050,000 301 1.1%
Oaktree Capital Group LLC 4,200 158 0.6%
Occidental Petroleum Corp. 2,900 207 0.7%
Oracle Corp. 5,500 211 0.8%
Outfront Media Inc. 5,700 142 0.5%
Owens & Minor Inc. 5,000 176 0.6%
Paradigm Acquisition Corp. Term Loan 1st Lien F/R 06-02-2022 49,375 49 0.2%
Parkland Fuel Corp. 5.75% 09-16-2024 Callable 2019 50,000 38 0.1%
Patterson Companies Inc. 2,400 98 0.4%
Pembina Pipeline Corp. 3.71% 08-11-2026 Callable 2026 30,000 23 0.1%
Pembina Pipeline Corp. Pfd. Series 1 35 0.0%
PepsiCo Inc. 2.50% 11-01-2022 100,000 132 0.5%
Pernod Ricard SA 700 76 0.3%
Pfizer Inc. 4,600 149 0.5%
Philip Morris International Inc. 2,800 256 0.9%
Portugal Obrigacoes do Tesouro OT 2.875% 10-15-2025 90,000 90 0.3%
Portugal Obrigacoes do Tesouro OT 4.10% 02-15-2045 50,000 48 0.2%
Prospect Medical Holdings Inc. Term Loan B 1st Lien F/R 06-01-2022 50,000 49 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 20,000 20 0.1%
QCP SNF West 8.125% 11-01-2023 Callable 2019 20,000 20 0.1%
Queensland Treasury Corp. 4.75% 07-21-2025 220,000 179 0.6%
Realkredit Danmark AS 1.00% 04-01-2021 900,000 132 0.5%
Realkredit Danmark AS 1.00% 04-01-2022 2,150,000 315 1.1%
Renfro Corp. Term Loan B 1st Lien F/R 01-30-2019 117,080 105 0.4%
Republic of Argentina 7.63% 04-22-2046 150,000 150 0.5%
Roche Holding AG Genusscheine 900 205 0.7%
Royal Bank of Canada 1.583% 09-13-2021 50,000 36 0.1%
Royal Bank of Canada 1.65% 07-15-2021 10,000 7 0.0%
Royal Bank of Canada 2.333% 12-05-2023 Series DPNT 10,000 7 0.0%
Royal Bank of Canada 3.31% 01-20-2026 40,000 30 0.1%
Safran SA 3,700 267 1.0%
Sage Automotive Holdings Inc. Term Loan 1st Lien F/R 10-27-2022 50,000 50 0.2%
Sands China Ltd. 44,200 190 0.7%
SAP AG 2,300 201 0.7%
Schindler Holding AG PC 1,000 176 0.6%
Schlumberger Ltd. 2,400 201 0.7%
Source Energy Services Canada LP 10.50% 12-15-2021 Callable 2018 50,000 40 0.1%
Sun Life Financial Inc. F/R 02-19-2026 Callable 2021 20,000 15 0.1%
Sun Life Financial Inc. F/R 09-25-2025 Callable 2020 80,000 60 0.2%
Sydney Airport Finance Co. Pty. Ltd. 3.625% 04-28-2026 Callable 2026 40,000 39 0.1%
Telefonica Deutschland Holding AG 47,300 202 0.7%
Telefonica Emisiones SAU 3.987% 01-23-2023 100,000 124 0.4%
Temasek Financial I Ltd. 3.265% 02-19-2020 250,000 179 0.6%
Tencent Holdings Ltd. 3,800 92 0.3%
The Bank of Nova Scotia 1.90% 12-02-2021 Series DPNT 60,000 44 0.2%
The European Bank for Reconstruction & Development 7.375% 04-15-2019 1,650,000,000 120 0.4%
The Goldman Sachs Group Inc. 5.20% 12-17-2019 100,000 72 0.3%
The Kingdom of Denmark 1.75% 11-15-2025 1,200,000 192 0.7%
The Kraft Heinz Co. 2,100 183 0.7%
The Sherwin-Williams Co. 400 107 0.4%
The Toronto-Dominion Bank 1.68% 06-08-2021 30,000 22 0.1%
The Toronto-Dominion Bank 1.909% 07-18-2023 Series DPNT 30,000 22 0.1%
The Toronto-Dominion Bank 2.692% 06-24-2025 Callable 2020 40,000 30 0.1%
The Toronto-Dominion Bank 4.859% 03-04-2031 Callable 2026 MTN 10,000 8 0.0%
The Weir Group PLC 5,000 116 0.4%
Tong Ren Tang Technologies Co. Ltd. 35,300 65 0.2%
TransCanada Corp. 4.00% Pfd. Series 7 238 3 0.0%
TransCanada Corp. 4.25% First Pfd. Cum. Red. Series 9 201 3 0.0%
TransCanada Corp. Pfd. Series 15 3,604 68 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 200,000 196 0.7%
Uber Technologies Inc. Term Loan B 1st Lien F/R 07-07-2023 30,000 30 0.1%
Unilever NV CVA 3,800 156 0.6%
Union Gas Ltd. 2.81% 06-01-2026 Callable 50,000 37 0.1%
United States Treasury 2.85% 01-15-2027 225,000 316 1.1%
United States Treasury Inflation Indexed Bond 0.625% 01-15-2026 450,000 462 1.7%
United States Treasury Inflation Indexed Bonds 0.75% 02-15-2045 150,000 145 0.5%
United States Treasury Inflation Indexed Bonds 2.125% 02-15-2041 160,000 220 0.8%
Universal Hospital Services Inc. 7.625% 08-15-2020 Callable 100,000 99 0.4%
Verizon Communications Inc. 2.625% 08-15-2026 Callable 2026 60,000 55 0.2%
Videotron Ltee 5.75% 01-15-2026 Callable 2020 10,000 8 0.0%
Visa Inc. Class A 2,100 164 0.6%
Volkswagen Financial Services NV 1.75% 04-17-2020 50,000 62 0.2%
WellDyneDx Inc. Term Loan 1st Lien F/R 10-12-2023 15,000 15 0.1%
Wells Fargo & Co. 7,200 397 1.4%
Wells Fargo & Co. 2.51% 10-27-2023 30,000 22 0.1%
Wells Fargo & Co. 2.975% 05-19-2026 Series MPLE 180,000 131 0.5%
Westcoast Energy Inc. 5.60% 01-16-2019 Callable 200,000 160 0.6%
Windstream Services LLC Term Loan 1st Lien F/R 03-18-2021 35,000 35 0.1%
Total Investments -- 26,303 94.7%
Cash & Equivalents -- 1,306 4.3%
Currency Hedge Contracts -- 211 0.8%
Other Assets (Liabilities) -- 61 0.2%
Total Net Assets -- 27,881 100.0%

Asset Allocation (%) Help Holdings by region and sector

As of February 28, 2017
  • Regional Allocation
      United States
    EQ : 26.2% | FI : 13.3%
    39.5%
      Other
    EQ : 13.2% | FI : 19.5%
    32.7%
      Canada
    FI : 6.8%
    6.8%
      United Kingdom
    EQ : 3.9%
    3.9%
      France
    FI : 3.2%
    3.2%
      Mexico
    FI : 3.2%
    3.2%
      Germany
    EQ : 3.2%
    3.2%
      Switzerland
    EQ : 3.0%
    3.0%
      Cash & Equivalents 4.5%
  • Sector Allocation
      Fixed Income 45.9%
      Industrials 8.9%
      Information Technology 8.6%
      Financials 8.5%
      Consumer Staples 7.6%
      Health Care 6.9%
      Cash & Equivalents 4.5%
      Consumer Discretionary 2.4%
      Materials 2.2%
      Energy 1.7%
      Other 1.5%
      Real Estate 1.3%
Credit Allocation (%)
AAA 14.6%
AA 2.9%
A 10.6%
BBB 8.3%
BB 4.1%
B 4.6%
C 0.2%
NR 0.8%
Cash & Equivalents 4.5%
Equities 49.4%

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).