TORONTO, March 5, 2025 /CNW/ – Mackenzie Investments (“Mackenzie”) today announced changes to two funds. These include:
1. Mackenzie Cundill Canadian Balanced Fund
Proposed Investment Objective Change
Investors of Mackenzie Cundill Canadian Balanced Fund are being asked to approve a change to transition the equity and fixed income ranges from the fund’s investment objectives to its investment strategies. If approved, the maximum equity securities allocation in the portfolio will increase from 60-70 per cent to 60-90 per cent, and the minimum fixed income allocation will reduce from 30-40 per cent to 10-40 per cent.
Investors of record, as of on or about April 11, 2025, will receive a notice of meeting prior to a special meeting of investors to be held on or about June 5, 2025. If approved, the investment objective changes will be executed on or about June 27, 2025.
2. Mackenzie Income Fund
Investment Strategy Change
The fixed-income investments of Mackenzie Income Fund will now have a weighted average credit quality of “BB” or higher, as rated by a recognized credit rating organization.
Risk Rating Change
Mackenzie reviews and adjusts risk ratings in accordance with the Risk Classification Methodology mandated by Canadian securities regulators. The risk rating of Mackenzie Income Fund has changed as outlined below.
|
Fund Name |
Current Risk Rating |
New Risk Rating |
|
Mackenzie Income Fund |
Low |
Low to Medium |
About Mackenzie Investments
Mackenzie Investments (“Mackenzie”) is a Canadian investment management firm with approximately $219 billion in assets under management as of January 31, 2025. Mackenzie seeks to create a more invested world by delivering strong investment performance and offering innovative portfolio solutions and related services to more than one million retail and institutional clients through multiple distribution channels. Founded in 1967, it is a global asset manager with offices across Canada as well as in Beijing, Boston, Dublin, Hong Kong and London. Mackenzie is a member of IGM Financial Inc. (TSX: IGM), part of the Power Corporation group of companies and one of Canada’s leading diversified wealth and asset management organizations with approximately $278 billion in total assets under management and advisement as of January 31, 2025. For more information, visit mackenzieinvestments.com
SOURCE Mackenzie Financial Corporation
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