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Green Thematic Impact Report
Sustainable Thematic Funds: Greenchip Global Environmental All Cap Fund & Global Green Bond Fund.
Mackenzie Fixed Income Team
"We think ‘flexibly’ 24/7. That’s our difference.”
Funds and Active ETFs under management
- Mackenzie Bluewater Canadian Growth Balanced Fund
- Mackenzie Bluewater Global Growth Balanced Fund
- Mackenzie Canadian Bond Fund
- Mackenzie Canadian Money Market Fund
- Mackenzie Canadian Short Term Fixed Income ETF
- Mackenzie Canadian Short Term Income Fund
- Mackenzie Core Plus Canadian Fixed Income ETF
- Mackenzie Core Plus Global Fixed Income ETF
- Mackenzie Corporate Bond Fund
- Mackenzie Credit Absolute Return Fund
- Mackenzie Cundill Canadian Balanced Fund
- Mackenzie Floating Rate Income ETF
- Mackenzie Floating Rate Income Fund
- Mackenzie Global Green Bond Fund
- Mackenzie Global High Yield Fixed Income ETF
- Mackenzie Global Strategic Income Fund
- Mackenzie Global Sustainable Balanced Fund
- Mackenzie Global Sustainable Bond ETF
- Mackenzie Global Sustainable Bond Fund
- Mackenzie Global Tactical Bond Fund
- Mackenzie Global Tactical Investment Grade Bond Fund
- Mackenzie Greenchip Global Environmental Balanced Fund
- Mackenzie Income Fund
- Mackenzie Investment Grade Floating Rate Fund
- Mackenzie Ivy Canadian Balanced Fund
- Mackenzie Ivy Global Balanced Fund
- Mackenzie Multi-Strategy Absolute Return Fund
- Mackenzie North American Corporate Bond Fund
- Mackenzie Northleaf Private Credit Fund
- Mackenzie Northleaf Private Credit Interval Fund
- Mackenzie Private Global Fixed Income Pool
- Mackenzie Strategic Bond Fund
- Mackenzie Strategic Income Class
- Mackenzie Strategic Income Fund
- Mackenzie Unconstrained Bond ETF
- Mackenzie Unconstrained Fixed Income Fund
- Mackenzie USD Global Strategic Income Fund
- Mackenzie USD Ultra Short Duration Income Fund
- Mackenzie USD Unconstrained Fixed Income Fund
Philosophy and process
The Mackenzie Fixed Income Team believes that fixed income management today must be rooted in a deep, multifaceted understanding of risk. Extensive collaboration among our team members, each with their own area of expertise in a segment of the fixed income markets, achieves a holistic understanding of the interdependent market drivers affecting portfolios. We integrate qualitative and quantitative research perspectives to formulate views on interest rates, currencies, and credit risk. We augment that research with rigorous fundamental credit analysis which seeks to identify companies with stability in earnings and strong free cash flow, but which also assesses company risks and asset values designed to manage downside risk at all points during the credit cycle. We actively manage a diverse array of fixed income strategies with the philosophy to always strive for the best risk-adjusted return for the investor.
Portfolio Managers
Steve Locke, MBA,CFA
SVP, CIO of Fixed Income and Multi-Asset Strategies, Co-Lead of Fixed Income Team
Mackenzie Fixed Income Team
Investment experience since 1994
Joined Mackenzie in 2008
- Steve oversees 40 investment professionals managing $83 billion in fixed income and multi-asset mandates for retail and institutional clients
- Chair of Mackenzie’s Global Investment Committee
- Started as a bond trader and credit analyst; rose to Head of Fixed Income at a boutique investment firm, which was acquired by Mackenzie Investments in 2008
- BA in economics; MBA from the Schulich School of Business
Konstantin Boehmer, MBA
SVP, Co-Lead of Fixed Income Team, Head of Global Macro, Portfolio Manager
Mackenzie Fixed Income Team
Investment experience since 2003
Joined Mackenzie in 2013
- Responsible for active management of $60 billion of global fixed income assets using fundamental and quantitative/technical strategies
- Previously, held senior fixed income portfolio management roles in Germany and New York at a global investment firm
- BA in European business and Spanish; MBA from the Sloan School of Management, MIT
Felix Wong, MBA,CFA
VP, Portfolio Manager
Mackenzie Fixed Income Team
Investment experience since 1988
Joined Mackenzie in 1988
- Oversees tactical portfolio management of Canadian investment-grade portfolios
- Previously, held roles of AVP of Credit at a large international bank, and research analyst covering Asia-Pacific at a boutique investment firm, which was acquired by Mackenzie Investments in 2008
- BSc and MBA from the University of Toronto
Dan Cooper, CFA
SVP, Head of Credit, Portfolio Manager
Mackenzie Fixed Income Team
Investment experience since 1997
Joined Mackenzie in 1997
- Responsible for the active management of $10 billion of higher yielding portfolios, overseeing portfolio managers, the Head of Investment Research and six analysts
- Joined the Fixed Income Team as a high yield credit analyst in 2006 and has held progressively more senior positions and responsibilities
- BComm from York University
Movin Mokbel, MBA,CFA
VP, Portfolio Manager
Mackenzie Fixed Income Team
Investment experience since 1998
Joined Mackenzie in 2012
- Specializes in the loan market and high-yield bond mandates, engaging with credit and trading teams in day-to-day securities selection and trading
- Worked on Wall Street as a high-yield analyst on the trading desk and a deal-structuring investment banker
- BSc; MBA from University of Toronto
Dustin Reid, MBA
VP, Chief Fixed Income Strategist
Mackenzie Fixed Income Team
Investment experience since 1997
Joined Mackenzie in 2018
- Specializes in macro research/analysis of global monetary and fiscal policy, economic data, and geopolitics
- Former Chief Market Strategist of a macro research house; Global Head of foreign exchange strategy at a multinational European bank; and economist at a Swiss investment bank
- Began his career as a trader for the Bank of Canada’s Foreign Reserve Fund and quantitative researcher at a major bank
- BA in economics; MBA from the Ivey Business School at University of Western Ontario
Caroline Chan, MBA,CFA
VP, Portfolio Manager
Mackenzie Fixed Income Team
Investment experience since 2001
Joined Mackenzie in 2018
- Responsible for day-to-day management of investment grade portfolios, specializing in credit, structured products and derivatives
- Began her career as a management consultant with Deloitte; worked 20 years in finance on both the sell-side and buy-side for large investment firms in London and Hong Kong
- BASc in electrical engineering and mathematics; MBA from the Sloan School of Management at MIT
Joined Mackenzie in 2014
- Specializes in non-investment grade assets
- Worked on the Debt Capital Markets team at a major Canadian bank, playing a role in structuring high yield transactions. Began his career as a Financial Analyst with a global credit rating agency
- BA in economics, finance and international trade; MBA from the Rotman School of Management at University of Toronto
Tom Jurisic
SVP, Head of Fixed Income Trading
Mackenzie Fixed Income Team
Investment experience since 1994
Joined Mackenzie in 2010
- Oversees a team of traders focused on best execution across a wide range of securities, including sovereign bonds, corporate bonds, high yield bonds, floating rate loans, emerging market debt, money markets and fixed income derivatives
- Member of the Trade Management Oversight Committee and the Fund Liquidity Risk Management Committee
- BComm from York University
Jon Ennis, MBA,CFA
VP, Head of Investment Research
Mackenzie Fixed Income Team
Investment experience since 2008
Joined Mackenzie in 2008
- Leads Mackenzie’s Credit Research Team of eight analysts covering hundreds of corporate issuers and more than $20 billion of corporate debt holdings
- Works to integrate ESG across all corporate debt holdings, and expand credit research coverage in Europe and emerging markets
- BComm and MBA from the Smith School of Business at Queen’s University
Hadiza Djataou, MBA
VP, Senior Investment Director
Mackenzie Fixed Income Team
Investment experience since 2002
Joined Mackenzie in 2020
- Responsible for communicating performance, positioning, and portfolio construction of Mackenzie's suite of fixed income products, as well as thought leadership
- Worked as a fixed income portfolio manager for 12 years at a global investment firm in Paris, managing global credit and aggregate bond portfolios
- BA in mathematics and computer science; two MAs in banking, monetary policies and international finance from Université Paris Dauphine; MBA from Washington University
Mark Hamlin
Vice President, Investment Management
Mackenzie Fixed Income Team
Investment experience since 1995
Joined Mackenzie in 2021
- Responsible for management of investment grade portfolios
- Previously, led a portfolio management team managing $17 billion of fixed income assets for an asset management firm, which was acquired by Mackenzie in 2021
- Worked in senior positions with leading financial companies in London, UK and New York
- BA in economics from Carleton University
Joined Mackenzie in 2021
- Oversees fixed-income portfolio management and bond analytics across a variety of Canadian investment-grade portfolios
- Worked as a portfolio manager for a Canadian asset management firm, which was acquired by Mackenzie in 2021
- BA in economics from the University of Waterloo
Insights
Awards and rankings
Winner of the 2021 Fundata FundGrade A+ Awards for consistent and outstanding risk-adjusted performance in their respective categories
Winner of the 2021 Lipper Funds Award from Refinitiv for the best 5-year performance in the Floating Rate Loan classification and the best 10-year performance in the Canadian Equity Balanced classification.
The highest ratings given by the independent investment research firm Morningstar
Managing fixed income risks and optimizing risk-adjusted returns - Part 1
Resources
Commissions, trailing commissions, management fees and expenses all may be associated with mutual fund investments. Please read the prospectus before investing. Mutual funds are not guaranteed, their values change frequently and past performance may not be repeated.
The content of this web page (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.
Morningstar Star Ratings reflect performance of Series F as of January 31, 2022 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.
Mackenzie Canadian Bond Fund F, Canadian Fixed Income Category: 3 years - 4 stars (461 funds), 5 years - 4 stars (386 funds), 10 years - 4 stars (228 funds). Mackenzie Canadian Short Term Income Fund F, Canadian Short Term Fixed Income Category: 3 years - 4 stars (228 funds), 5 years - 4 stars (188 funds), 10 years - 4 stars (96 funds). Mackenzie Corporate Bond Fund F, High Yield Fixed Income Category: 3 years - 4 stars (347 funds), 5 years - 4 stars (300 funds), 10 years - 4 stars (107 funds). Mackenzie Floating Rate Income Fund F, Floating Rate Loans Category: 3 years - 3 stars (89 funds), 5 years - 4 stars (67 funds), 10 years - n/a stars (n/a funds). Mackenzie Global Growth Balanced Fund F, Global Equity Balanced Category: 3 years - 4 stars (1049 funds), 5 years - n/a stars (n/a funds), 10 years - n/a stars (n/a funds). Mackenzie Global Strategic Income Fund F, Global Neutral Balanced Category: 3 years - 5 stars (1289 funds), 5 years - 4 stars (977 funds), 10 years - 5 stars (467 funds). Mackenzie Global Tactical Bond F, Global Fixed Income Category: 3 years - 4 stars (403 funds), 5 years - 4 stars (281 funds), 10 years - n/a stars (n/a funds). Mackenzie Global Tactical Invest Grade Bond Fund F, Global Fixed Income Category: 3 years - 4 stars (403 funds), 5 years - 4 stars (281 funds), 10 years - n/a stars (n/a funds). Mackenzie Income Fund F, Canadian Fixed Income Balanced Category: 3 years - 4 stars (392 funds), 5 years - 5 stars (322 funds), 10 years - 5 stars (207 funds). Mackenzie Investment Grade Floating Rate F, Canadian Short Term Fixed Income Category: 3 years - 3 stars (228 funds), 5 years - 4 stars (188 funds), 10 years - n/a stars (n/a funds). Mackenzie North American Corporate Bond Fund F, High Yield Fixed Income Category: 3 years - 4 stars (347 funds), 5 years - 4 stars (300 funds), 10 years - 4 stars (107 funds). Mackenzie Strategic Bond Fund F, Canadian Fixed Income Category: 3 years - 4 stars (461 funds), 5 years - 4 stars (386 funds), 10 years - n/a stars (n/a funds). Mackenzie Strategic Income Fund F, Canadian Neutral Balanced Category: 3 years - 4 stars (415 funds), 5 years - 4 stars (373 funds), 10 years - 4 stars (223 funds). Mackenzie USD Global Strategic Income Fund FGlobal Neutral Balanced Category: 4 years - 4 stars (1289 funds), 5 years - 4 stars (977 funds), 10 years - n/a stars (n/a funds).
Mackenzie Income Fund Series A was recognized for outstanding fund performance at the 2020 Fundata FundGrade A+ Awards in the Canadian Fixed Income Balanced category out of a total of 365 funds. Performance for the fund for the period ended December 31, 2020 is as follows: 5.4% (1 year), 4.4% (3 years), 4.8% (5 years), 4.9% (10 years) and7.9 % (since inception- September 1974).
Mackenzie Canadian Growth Balanced Fund Series A was recognized for outstanding fund performance at the 2020 Fundata FundGrade A+ Awards in the Canadian Equity Balanced category out of a total of 284 funds. Performance for the fund for the period ended December 31, 2020 is as follows: 9.9% (1 year), 7.8% (3 years), 8.0% (5 years), 8.2 % (10 years) and 7.0% (since inception - November, 1996).
Mackenzie Core Plus Canadian Fixed Income ETF (MKB) was recognized for outstanding fund performance at the 2020 Fundata FundGrade A+ Awards in the Canadian Fixed Income category out of a total of 315 funds. Performance for the fund for the period ended December 31, 2020 is as follows: 10.6% (1 year), 6.2% (3 years) and 5.0% (since inception - April 2016).
Mackenzie Global High Yield Fixed Income ETF (MHYB) was recognized for outstanding fund performance at the 2020 Fundata FundGrade A+ Awards in the High Yield Fixed Income category out of a total of 254 funds. Performance for the fund for the period ended December 31, 2020 is as follows: 7.6% (1 year), 5.7% (3 years) and 5.3% (since inception - April 2017).
For more information, see http://www.fundgradeawards.com/. Although Fundata makes every effort to ensure the accuracy and reliability of the data contained herein, the accuracy is not guaranteed by Fundata.
The Refinitiv Lipper Fund Awards, granted annually, highlight funds and fund companies that have excelled in delivering consistently strong risk-adjusted performance relative to their peers. The Refinitiv Lipper Fund Awards are based on the Lipper Leader for Consistent Return rating, which is a risk-adjusted performance measure calculated over 36, 60 and 120 months. The fund with the highest Lipper Leader for Consistent Return (Effective Return) value in each eligible classification wins the Refinitiv Lipper Fund Award. For more information, see lipperfundawards.com Although Refinitiv Lipper makes reasonable efforts to ensure the accuracy and reliability of the data contained herein, the accuracy is not guaranteed by Refinitiv Lipper.
Mackenzie Floating Rate Income Fund (Series F5) was awarded the Refinitiv Lipper Fund Awards Canada 2021 Winner for Best Floating Rate Loan Fund Over Five Years, out of 10 funds. Performance for the fund for the period ended September 30, 2021 is as follows: 7.7% (1 year), 2.0% (3 years), 4.2% (5 years) and 4.3% (since inception in May 2013).
Mackenzie Canadian Growth Balanced Fund (Series F) was awarded the Refinitiv Lipper Fund Awards Canada 2021 Winner for Best Canadian Equity Balanced Fund Over Ten Years, out of 39 funds. Performance for the fund for the period ended September 30, 2021 is as follows: 12.8% (1 year), 10.2% (3 years), 9.9% (5 years), 11.6% (10 years) and 7.8% (since inception in December 1999).
Refinitiv Lipper Fund Awards, ©2021 Refinitiv. All rights reserved. Used under license.
FundGrade A+® is used with permission from Fundata Canada Inc., all rights reserved. The annual FundGrade A+® Awards are presented by Fundata Canada Inc. to recognize the “best of the best” among Canadian investment funds. The FundGrade A+® calculation is supplemental to the monthly FundGrade ratings and is calculated at the end of each calendar year. The FundGrade rating system evaluates funds based on their risk-adjusted performance, measured by Sharpe Ratio, Sortino Ratio, and Information Ratio. The score for each ratio is calculated individually, covering all time periods from 2 to 10 years. The scores are then weighted equally in calculating a monthly FundGrade. The top 10% of funds earn an A Grade; the next 20% of funds earn a B Grade; the next 40% of funds earn a C Grade; the next 20% of funds receive a D Grade; and the lowest 10% of funds receive an E Grade. To be eligible, a fund must have received a FundGrade rating every month in the previous year. The FundGrade A+® uses a GPA-style calculation, where each monthly FundGrade from “A” to “E” receives a score from 4 to 0, respectively. A fund’s average score for the year determines its GPA. Any fund with a GPA of 3.5 or greater is awarded a FundGrade A+® Award. For more information, see www.FundGradeAwards.com. Although Fundata makes every effort to ensure the accuracy and reliability of the data contained herein, the accuracy is not guaranteed by Fundata.
Mackenzie Core Plus Canadian Fixed Income ETF (MKB) was recognized for outstanding fund performance at the 2021 Fundata FundGrade A+ Awards in the Canadian Fixed Income category out of a total of 309 funds. Performance for the fund for the period ended December 31, 2021 is as follows: -2.3% (1 year), 4.9% (3 years), 3.8% (5 years) and 3.7% (since inception- April 2016).
Mackenzie Global High Yield Fixed Income ETF (MHYB) was recognized for outstanding fund performance at the 2021 Fundata FundGrade A+ Awards in the High Yield Fixed Income category out of a total of 242 funds. Performance for the fund for the period ended December 31, 2021 is as follows: 3.4% (1 year), 7.4% (3 years) and 4.9% (since inception- April 2017).
Mackenzie Global Growth Balanced Fund Series A was recognized for outstanding fund performance at the 2021 Fundata FundGrade A+ Awards in the Global Equity Balanced category out of a total of 722 funds. Performance for the fund for the period ended December 31, 2021 is as follows: 13.7% (1 year) and 13.9% (since inception- January 2019).
Mackenzie Income Fund Series A was recognized for outstanding fund performance at the 2021 Fundata FundGrade A+ Awards in the Canadian Fixed Income Balanced category out of a total of 289 funds. Performance for the fund for the period ended December 31, 2021 is as follows: 3.6% (1 year), 6.9% (3 years), 4.5% (5 years), 4.9% (10 years) and 7.8 % (since inception- September 1974).