Fund Portfolio – Mackenzie USD Ultra Short Duration Income Fund Series D | Mackenzie Investments

Mackenzie USD Ultra Short Duration Income Fund Series D

Asset Class: Global Fixed Income

Major Holdings (%) Help Top holdings by percentage

As of July 31, 2018
Major holdings represent 20.8% of the fund.
View all holdings
Total # of
Equity Holdings
5
Total # of
Fixed Income Holdings
120
Holding name, country and sector Percentage of holding in fund
Vancouver City Savings Credit Union F/R 04-10-2019
Canada | Corporate - Non Convertible
2.5%
Wells Fargo Bank National Association F/R 12-06-2019
United States | Corporate - Non Convertible
2.5%
Manulife Bank of Canada F/R 01-27-2020 Callable 2019
Canada | Corporate - Non Convertible
2.3%
HSBC Holdings PLC F/R 05-25-2021
United Kingdom | Corporate - Non Convertible
2.1%
Bank of Montreal F/R 12-12-2019
Canada | Corporate - Non Convertible
2.0%
Danske Bank AS F/R 09-06-2019
Denmark | Corporate - Non Convertible
2.0%
Anheuser-Busch InBev Worldwide Inc. 2.20% 08-01-2018
Belgium | Corporate - Non Convertible
2.0%
Royal Bank of Canada F/R 12-07-2018
Canada | Corporate - Non Convertible
2.0%
Charter Communications Operating LLC F/R 02-01-2024
United States | Corporate - Non Convertible
1.7%
Morgan Stanley F/R 01-27-2020
United States | Corporate - Non Convertible
1.7%

Complete Fund Holdings Help Full holdings list

As of May 31, 2018
Holding Name No. of Shares/Units Market Value CAD (000s) % of NAV
Adtalem Global Education Inc. Term Loan B 1st Lien F/R 04-09-2025 10,000 10 0.1%
Aercap Ireland Capital Designated Activity Co. 3.75% 05-15-2019 150,000 151 1.4%
American Express Credit Corp. F/R 05-03-2019 Callable 2019 150,000 150 1.4%
American Honda Finance Corp. F/R 11-05-2021 150,000 150 1.4%
Amgen Inc. 1.90% 05-10-2019 120,000 119 1.1%
Amneal Pharmaceuticals LLC Term loan B 1st Lien F/R 03-23-2025 10,000 10 0.1%
Anheuser-Busch InBev Worldwide Inc. 2.20% 08-01-2018 200,000 200 1.9%
Apple Inc. F/R 05-06-2019 120,000 120 1.1%
Arch Merger Sub Inc. 8.50% 09-15-2025 Callable 2020 20,000 19 0.2%
Artis Real Estate Investment Trust 3.753% 03-27-2019 80,000 62 0.6%
Artis Real Estate Investment Trust F/R 02-07-2020 150,000 116 1.1%
AT&T Inc. 2.30% 03-11-2019 120,000 120 1.1%
ATS Consolidated Inc. Term Loan B 1st Lien F/R 02-23-2025 10,000 10 0.1%
Aviva PLC 4.50% 05-10-2021 70,000 56 0.5%
Bank of America Corp. F/R 04-24-2022 Callable 2021 50,000 39 0.4%
Bank of America Corp. F/R 07-21-2021 Callable 2020 160,000 161 1.5%
Bank of Montreal 2.27% 07-11-2022 10,000 8 0.1%
Bank of Montreal 3.32% 06-01-2026 20,000 16 0.1%
Bank of Montreal F/R 12-12-2019 200,000 201 1.9%
Berkshire Hathaway Inc. F/R 08-06-2018 150,000 150 1.4%
BMW Canada Inc. F/R 06-14-2019 200,000 155 1.4%
Boardriders Inc. Term Loan B 1st Lien F/R 03-21-2024 10,000 10 0.1%
Brookfield Asset Management Inc. Pfd. Series 48 211 4 0.0%
Brookfield Renewable Partners LP Pfd. Series 11 678 13 0.1%
BWAY Holding Co. 7.25% 04-15-2025 20,000 20 0.2%
Camelot Finance LP Term Loan 1st Lien F/R 10-03-2023 19,701 20 0.2%
Canada Goose Inc. Term Loan 1st Lien F/R 12-22-2021 10,000 10 0.1%
Canadian Imperial Bank of Commerce 3.00% 10-28-2024 Callable 2019 175,000 136 1.3%
Canadian Imperial Bank of Commerce F/R 01-17-2019 150,000 116 1.1%
CareCentrix Inc. Term Loan 1st Lien F/R 03-22-2025 10,000 10 0.1%
Careerbuilder LLC Term Loan 1st Lien F/R 07-31-2023 7,702 8 0.1%
Caterpillar Financial Services Corp. 1.70% 06-16-2018 150,000 150 1.4%
Central 1 Credit Union F/R 02-05-2021 200,000 154 1.4%
Chassix Inc. Term Loan B 1st Lien F/R 11-10-2023 9,975 10 0.1%
Citigroup Inc. F/R 09-01-2023 Callable 2022 150,000 154 1.4%
Comfort Holding LLC Term Loan 1st Lien F/R 02-05-2024 9,900 10 0.1%
Commonwealth Bank of Australia 1.375% 09-06-2018 150,000 150 1.4%
Coronado Australian Holdings Pty Ltd. Term Loan B 1st Lien F/R 03-21-2025 7,857 8 0.1%
Coronado Australian Holdings Pty Ltd. Term Loan C 1st Lien F/R 03-21-2025 2,143 2 0.0%
CVS Health Corp. F/R 03-09-2020 160,000 161 1.5%
Daimler Canada Finance Inc. F/R 02-24-2020 100,000 77 0.7%
Danske Bank AS F/R 09-06-2019 200,000 201 1.9%
Daseke Inc. Term Loan 1st Lien F/R 02-27-2024 9,931 10 0.1%
Digicert Holdings Inc. Term Loan 1st Lien F/R 09-20-2024 50,000 50 0.5%
Dollarama Inc. F/R 03-16-2020 215,000 167 1.6%
Dominion Energy Inc. 1.88% 01-15-2019 120,000 119 1.1%
EagleTree-Carbide Acquisition Corp. Term Loan 1st Lien F/R 08-28-2024 9,950 10 0.1%
Ecolab Inc. 2.00% 01-14-2019 120,000 120 1.1%
EmployBridge LLC Term Loan B 1st Lien F/R 04-10-2025 10,000 10 0.1%
Enbridge Inc. 3.19% 12-05-2022 90,000 70 0.6%
EnerCare Solutions Inc. 3.38% 02-21-2022 Callable 2022 200,000 155 1.4%
Ensono LP Term Loan 1st Lien F/R 04-30-2025 10,000 10 0.1%
Ford Auto Securitization Trust 1.42% 04-15-2021 17-R2 110,000 84 0.8%
Ford Credit Canada Co. F/R 12-01-2020 210,000 162 1.5%
Fortified Trust 1.67% 07-23-2021 150,000 112 1.0%
Frontera Generation Holdings LLC. Term Loan B 1st Lien F/R 04-25-2025 10,000 10 0.1%
FXI Holdings Inc. 7.88% 11-01-2024 Callable 2020 20,000 20 0.2%
Gaz Metro Inc. 1.52% 05-25-2020 210,000 159 1.5%
Gibson Energy Inc. 5.25% 07-15-2024 Callable 2020 REGS 20,000 16 0.1%
Gilead Sciences Inc. 1.85% 09-04-2018 160,000 160 1.5%
GlaxoSmithKline Capital PLC F/R 05-14-2021 150,000 150 1.4%
Glencore Funding LLC F/R 01-15-2019 150,000 151 1.4%
Government of Canada 0.75% 09-01-2020 10,000 8 0.1%
Government of Canada 3.25% 06-01-2021 30,000 24 0.2%
Green Plains Inc. Term Loan B 1st Lien F/R 08-29-2023 9,950 10 0.1%
Greenhill & Co. Inc. Term Loan B 1st Lien F/R 10-12-2022 9,875 10 0.1%
HCN Canadian Holdings-1 LP 3.35% 11-25-2020 160,000 125 1.2%
Heartland Dental LLC Delay Draw Term Loan 1st Lien F/R 04-17-2025 1,304 1 0.0%
Heartland Dental LLC Term Loan 1st Lien F/R 04/17/2025 8,696 9 0.1%
Heathrow Funding Ltd. 4.00% 07-03-2019 200,000 157 1.5%
Hornblower Sub LLC Term Loan 1st Lien F/R 04-28-2025 10,000 10 0.1%
HSBC Holdings PLC F/R 05-25-2021 200,000 207 1.9%
Hub International Ltd. Term Loan B 1st Lien F/R 04-25-2025 10,000 10 0.1%
Hudson River Trading LLC Term Loan 1st Lien F/R 03-20-2025 10,000 10 0.1%
Hyster-Yale Group Inc. Term Loan B 1st Lien F/R 05-30-2023 9,625 10 0.1%
iQor US Inc. Term Loan B 1st Lien F/R 04-01-2021 4,923 5 0.0%
Isagenix International LLC Term Loan 1st Lien F/R 04-26-2025 10,000 10 0.1%
iShares iBoxx $ High Yield Corporate Bond ETF Put Option @ $83.00 Exp. 09-21-2018 13 1 0.0%
iShares iBoxx $ High Yield Corporate Bond ETF Put Option @ $85.00 Exp. 09-21-2018 7 1 0.0%
Itron Inc. 5.00% 01-15-2026 Callable 2021 20,000 19 0.2%
John Deere Canada Funding Inc. F/R 09-21-2020 215,000 166 1.6%
JPMorgan Chase & Co. F/R 01-23-2020 150,000 152 1.4%
Kellogg Co. 4.15% 11-15-2019 150,000 153 1.4%
Kestrel Acquisition LLC Term Loan B 1st Lien F/R 05-02-2025 10,000 10 0.1%
Kraft Foods Group Inc. 6.13% 08-23-2018 160,000 161 1.5%
Laurentian Bank of Canada F/R 04-24-2019 150,000 150 1.4%
LifeMiles Ltd. Term Loan B 1st Lien F/R 08-18-2022 9,500 10 0.1%
Manulife Bank of Canada F/R 01-27-2020 Callable 2019 300,000 232 2.2%
Mastronardi Produce Ltd. Term Loan B 1st Lien F/R 04-18-2025 10,000 10 0.1%
Mattamy Group Corp. 6.50% 10-01-2025 Callable 2020 5,000 4 0.0%
McDonald's Corp. 1.88% 05-29-2019 150,000 149 1.4%
Meredith Corp. Term Loan B 1st Lien F/R 01-18-2025 10,000 10 0.1%
Morgan Stanley F/R 01-27-2020 165,000 167 1.6%
Newell Brands Inc. 2.60% 03-29-2019 150,000 150 1.4%
NextEra Energy Capital Holding Inc. 1.65% 09-01-2018 150,000 150 1.4%
Nissan Motor Acceptance Corp. F/R 01-13-2020 150,000 151 1.4%
Ocean Bidco Inc. Term Loan B 1st Lien F/R 03-02-2025 10,000 10 0.1%
OCI Beaumont LLC Term Loan B 1st Lien F/R 02-16-2025 10,000 10 0.1%
Osteon Merger Sub Inc. Term Loan B 1st Lien F/R 02-06-2025 10,000 10 0.1%
OZ Management LP Term Loan 1st Lien F/R 04-04-2023 8,000 8 0.1%
PepsiCo Inc. F/R 10-04-2019 130,000 130 1.2%
Pisces Midco Inc. Term Loan B 1st Lien F/R 03-29-2025 10,000 10 0.1%
PNI Canada Acquireco Corp. Term Loan B 1st Lien F/R 08-23-2022 9,950 10 0.1%
Prospect Medical Holdings Inc. Term Loan B 1st Lien F/R 02-15-2024 10,000 10 0.1%
PS HoldCo LLC Term Loan 1st Lien F/R 03-02-2025 10,000 10 0.1%
PSC Industrial Outsourcing LP Term Loan B 1st Lien F/R 10-05-2024 49,875 50 0.5%
R1 RCM Inc. Term Loan B 1st Lien F/R 05-02-2025 10,000 10 0.1%
Red Ventures LLC Term Loan B 1st Lien F/R 11-08-2024 9,950 10 0.1%
Royal Bank of Canada 2.95% 05-01-2023 10,000 8 0.1%
Royal Bank of Canada of New York F/R 12-07-2018 200,000 200 1.9%
Sigma Bidco BV Term Loan B 1st Lien F/R 03-07-2025 10,000 12 0.1%
Sigma US Corp. Term Loan B 1st Lien F/R 03-06-2025 10,000 10 0.1%
SmartCentres Real Estate Investment Trust F/R 12-21-2020 195,000 151 1.4%
SNC-Lavalin Group Inc. F/R 03-02-2021 200,000 154 1.4%
Source Energy Services Canada LP 10.50% 12-15-2021 Callable 2018 41,000 35 0.3%
Source Energy Services Ltd. 385 1 0.0%
St. Joseph Energy Center LLC Term Loan 1st Lien F/R 04-06-2025 10,000 10 0.1%
Staples Inc. Term Loan 1st Lien F/R 08-15-2024 9,950 10 0.1%
State Street Corp. F/R 08-18-2020 150,000 152 1.4%
Stepstone Group LP Term Loan B 1st Lien F/R 03-19-2025 10,000 10 0.1%
Superior Plus LP 5.25% 02-27-2024 Callable 2020 20,000 15 0.1%
Talen Energy Supply LLC 9.50% 07-15-2022 Callable 2020 10,000 10 0.1%
The Bank of Nova Scotia 1.90% 12-02-2021 DPNT 10,000 7 0.1%
The Bank of Nova Scotia F/R 12-05-2019 150,000 151 1.4%
The Goldman Sachs Group Inc. F/R 12-13-2019 150,000 151 1.4%
The Toronto-Dominion Bank 2.63% 09-10-2018 150,000 150 1.4%
Titan Acquisition Ltd. Term Loan 1st Lien F/R 03-16-2025 10,000 10 0.1%
Toyota Motor Credit Corp. F/R 10-18-2019 150,000 151 1.4%
TransAlta Corp. Pfd. Series A 713 8 0.1%
TransCanada Corp. Pfd. Series 15 1,104 22 0.2%
Traverse Midstream Partners LLC Term Loan B 1st Lien F/R 09-21-2024 10,000 10 0.1%
Uber Technologies Inc. Term Loan 1st Lien F/R 03-21-2025 10,000 10 0.1%
Vancouver City Savings Credit Union F/R 04-10-2019 330,000 255 2.4%
Verizon Communications Inc. F/R 03-16-2022 150,000 153 1.4%
Vistage Worldwide Inc. Term Loan 1st Lien F/R 02-01-2025 10,000 10 0.1%
VW Credit Canada Inc. F/R 03-30-2020 100,000 77 0.7%
Vyaire Medical Inc. Term Loan B 1st Lien F/R 04-06-2025 10,000 10 0.1%
Wells Fargo Bank National Association F/R 12-06-2019 250,000 252 2.3%
Westpac Banking Corp. F/R 03-06-2020 120,000 120 1.1%
Williams Scotsman International Inc. 7.88% 12-15-2022 Callable 2019 15,000 16 0.1%
YRC Worldwide Inc. Term Loan 1st Lien F/R 07-21-2022 5,907 6 0.1%
Zotec Partners LLC Term Loan 1st Lien F/R 02-09-2024 10,000 10 0.1%
Total Investments -- 10,279 96.0%
Cash & Equivalents -- 277 2.5%
Currency Hedge Contracts -- 26 0.2%
Other Assets (Liabilities) -- 140 1.3%
Total Net Assets -- 10,722 100.0%

Asset Allocation (%) Help Holdings by region and sector

As of July 31, 2018
  • Regional Allocation
      United States
    49.7%
      Canada
    30.9%
      United Kingdom
    5.7%
      Australia
    2.7%
      Belgium
    2.0%
      Denmark
    2.0%
      Other
    1.5%
      Netherlands
    1.5%
      Japan
    1.5%
      Germany
    1.5%
      Cash & Equivalents 1.0%
  • Sector Allocation
      Corporate Bonds 92.7%
      Bank Loans 5.8%
      Cash & Equivalents 1%
      Equities 0.5%

Other Global Fixed Income Funds

Portfolio Managers

Felix Wong, MBA, CFA

Vice President, Portfolio Manager

Mackenzie Fixed Income Team

Investment experience since 1988

Closed to new investments in registered plans.

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 Index is an unmanaged index comprised of U.S. dollar denominated investment grade corporate debt securities publicly issued in the U.S. domestic market with less than one year remaining term to final maturity.

†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.