Mackenzie Investments is launching five funds and is seeking investor approval to change another fund’s objectives. These changes address the need for either volatility management or income generation.
Mackenzie US Low Volatility Fund seeks to reduce volatility by investing in a portfolio of low-beta stocks. The fund is meant to appeal to risk-averse investors looking for U.S. equity exposure with lower swings in returns.
Mackenzie Investment Grade Floating Rate Fund seeks to provide investors with diversification from traditional fixed-rate fixed income, protection from rising rates and income enhancement through security selection. If rates rise, traditional investment-grade portfolios would likely underperform. The fund will invest primarily in investment-grade floating rate notes and loans, and other floating rate debt instruments.
Mackenzie Global Tactical Bond Fund seeks to diversify along the yield spectrum. It will invest in a diversified portfolio of fixed-income securities of companies and governments around the world.
Mackenzie US Dividend Fund and Mackenzie US Dividend Registered Fund These funds seek current income and capital appreciation by investing in quality dividend-paying companies in the U.S. The funds are available in both non-registered and registered versions to benefit investors. The registered version is expected to be exempt from U.S. withholding taxes.
Mackenzie Global Strategic Income Fund Mackenzie has proposed changes to the investment objectives of Mackenzie Global Diversified Income Fund. If approved by investors on April 29, the fund will be renamed Mackenzie Global Strategic Income Fund and will share the same approach as the Mackenzie Strategic Income Fund, but with a broader global focus, and is aimed at people seeking a well-diversified global income strategy. If approved, these changes will be effective April 30, 2014.