MANY INCOME
SOLUTIONS.
EVEN MORE
CHOICE.
MACKENZIE MUTUAL FUNDS
MACKENZIE ETFs
MACKENZIE MUTUAL FUNDS
MACKENZIE ETFs
Stability Matters
in a World of Change
Rising interest rates. Changing inflation expectations.
Shifting geopolitical risks. We’ve designed income solutions
that work for clients in a changing market cycle.
In today’s low-yield environment, core bond strategies are
vulnerable to rising interest rates and other macro factors.
Traditional fixed-income strategies may not be able to deliver
on multiple client objectives for an income stream, capital
preservation and volatility management:
• The upside/downside profile of many fixed-income
investments has become skewed to the downside. Yields may
not be sufficient to offset price declines associated with
increased interest rates, creating potential for a negative
total return on a bond portfolio.
• Passive fixed-income investments could eventually lose the
tailwind from a secular decline in interest rates. This would
expose the unmanaged risks in such investments.
Stability matters as markets change so rapidly.
New Choices
for a Changing World
Portfolios can always benefit from having a core allocation to quality fixed-income assets such as investment
grade government or corporate bonds. Core assets can provide a measure of safety and capital protection.
But yields on the most traditional core asset – government bonds – remain low by historical standards.
Building on a solid core by incorporating other fixed-income
assets, like high yield bonds or income-oriented equities,
creates the potential to enhance diversification, mitigate risk
and increase returns. Fixed-income securities that carry
higher risk, like high yield bonds and floating rate loans,
tend to have lower credit ratings but pay a higher yield for
that risk. Assets that have a lower correlation to traditional
fixed-income securities can also enhance diversification.
The rationale for such a “core plus” approach
is to push a portfolio to achieve a higher
expected return for the same level of risk.
For income investors, Mackenzie offers active
solutions across the fixed-income spectrum, from
“core” bond funds to active ETFs and funds that
deliver “plus” assets.
Mackenzie Fixed Income Funds and ETFs
Actively Managed Building Blocks for your Fixed Income Allocation
CORE
Typically includes
investment grade
government bonds,
corporate bonds and
asset-backed securities
Mackenzie Strategic
Bond Fund
Mackenzie
Canadian Short-term
Income Fund
Mackenzie
Investment Grade
Floating Rate Fund
Mackenzie Canadian
Bond Fund
Mackenzie Global
Tactical Investment Grade
Bond Fund
MKB Mackenzie
Core Plus Canadian
Fixed Income ETF
Mackenzie
Global Tactical
Bond Fund
MGB Mackenzie
MGB
Core Plus Global
Fixed Income ETF
Balanced Income Solutions
that Work for Investors
If clients need the growth potential of equities, Mackenzie has income solutions that combine fixed-income securities
and income-generating equities, such as US dividend stocks. Our balanced funds seek to generate income and
manage volatility.
Mackenzie Balanced Income Solutions
Mackenzie US Strategic Income Fund
Morningstar Rating
NEW
Mackenzie Strategic Income Fund
★★★★★
Mackenzie Global Strategic Income Fund
★★★★★
Mackenzie Income Fund
★★★★★
1 yr. 15.8%, 3 yr. 6.4%, 5 yr. 7.4%, 10 yr. 7.2%
1 yr. 10.2%, 3 yr. 8.7%, 5 yr. 9.6%, 10 yr. 6.3%
1 yr. 7.2%, 3 yr. 4.9%, 5 yr. 5.3%, 10 yr. 4.0%
Mackenzie
Floating Rate
Income Fund
MFT
MFT Mackenzie
Floating Rate
Income ETF
Mackenzie
Unconstrained
Fixed Income Fund
MUB Mackenzie
Unconstrained
Bond ETF
Our portfolio managers bring expertise in evaluating
securities from around the world for their risk/reward
potential. They apply rigorous credit analysis, assess
valuations and risks and manage currency exposure,
among other services. Mackenzie portfolio managers
build portfolios for delivering the best value for risk.
Mackenzie’s diversified suite of income solutions are
designed to give your clients the choice they need
and the confidence they want.
NEW
Mackenzie Global Credit
Opportunities Fund
MHYB
NEW
Mackenzie Global High
Yield Fixed Income ETF
PLUS
Typically includes high
yield bonds, floating
rate loans, emerging
market debt and
preferred shares
About Mackenzie Investments
Mackenzie Investments delivers excellence to investors through
our investment management, products and relationships with
financial advisors.
• 1967 – 2017: Mackenzie has been serving investors and
advisors across Canada for 50 years.
• An independent Canadian asset management firm.
• More than $65 billion in mutual fund and ETF assets under
management as of February 28, 2017.
• A member of the IGM Financial Inc. (TSX: IGM) group
of companies. IGM Financial is one of Canada’s premier
financial services companies with $145 billion in total
assets under management as of February 28, 2017.
• A signatory to the UN-supported Principles for Responsible
Investment, which encourages firms to adopt environmental,
social and governance principles into their investing practices.
“In a continuous search for yield, the Mackenzie
Fixed Income Team looks for the most attractive
risk-adjusted opportunities within the global
fixed-income universe.”
Steve Locke, Portfolio Manager and Head of the
Mackenzie Fixed Income Team
Learn more at mackenzieinvestments.com/income-solutions
Commissions, trailing commissions, management fees, brokerage fees and expenses all may be associated
with investment funds. Please read the prospectus before investing. Investment funds are not guaranteed,
their values change frequently and past performance may not be repeated. Morningstar Star Ratings
reflect performance of Series F as of March 31, 2017 and are subject to change monthly. The ratings are
an objective, quantitative measure of a fund’s historical risk adjusted performance relative to other funds
in its category. Only funds with at least a three-year track record are considered. The overall star rating
for a fund is a weighted combination calculated from a fund’s 3, 5, and 10-year returns, as available,
measured against the 91-day treasury bill and peer group returns. A fund can only be rated if there are a
sufficient number of funds in its peer group to allow comparison for at least three years. If a fund scores in
the top 10% of its fund category, it gets 5 stars; if it falls in the next 22.5%, it receives 4 stars; a place in
the middle 35% earns a fund 3 stars; those in the next 22.5% receive 2 stars; and the lowest 10% receive
1 star. For more details on the calculation of Morningstar Star Ratings, see www.morningstar.ca. Quartile
rankings and peers beaten are calculated by Mackenzie Investments based on the fund series-level
data Morningstar provides. The CIFSC categories, Star Ratings, number of funds in each category, and
annual compounded performance for the standard periods are: Mackenzie Strategic Income Fund Series
F, Canadian Neutral Balanced category: 1 year – n/a stars 15.8%, 3 years – 4 stars (494 funds) 6.4%,
5 years – 4 stars (356 funds) 7.4%, 10 years – 5 stars (147 funds) 7.2%. Mackenzie Global Strategic
Income Fund Series F, Global Neutral Balanced category: 1 year – n/a stars 10.2%, 3 years – 5 stars (885
funds) 8.7%, 5 years – 5 stars (595 funds) 9.6%, 10 years – 5 stars (137 funds) 6.3%. Mackenzie Income
Fund Series F, Canadian Fixed Income Balanced category: 1 year – n/a stars 7.2%, 3 years – 5 stars (397
funds) 4.9% , 5 years – 5 stars (285 funds) 5.3%, 10 years – 4 stars (136 funds) 4.0%.
The content of this document (including facts, views, opinions, recommendations, descriptions of or
references to, products or securities) is not to be used or construed as investment advice, as an offer
to sell or the solicitation of an offer to buy, or an endorsement, recommendation or sponsorship of any
entity or security cited. Although we endeavour to ensure its accuracy and completeness, we assume no
responsibility for any reliance upon it.
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