Mackenzie Financial Corp. today announced several changes to its Keystone Portfolio Funds and Keystone Partner Funds lineups.

Mackenzie Financial will assume investment management responsibilities for Keystone AIM Trimark Global Equity Fund on July 16, replacing AIM Funds Management Inc. as advisor to the fund. The fund, which has assets of $65 million, will be renamed Keystone Global Equity Fund within the Keystone fund family and will be managed by Mark Grammer, vp of investments at Mackenzie, and his team.

In managing the fund, Grammer will employ the same investment strategies that he employs as lead manager of Mackenzie Universal Global Growth Class, focusing on quality growth companies at a reasonable price. On July 25, Keystone Global Equity Fund will be merged into Mackenzie Universal Global Growth Class.

Mackenzie says investors in Series A and I of Keystone AIM Trimark Global Equity Fund will benefit from Mackenzie Universal Global Growth Class’ lower combined management fee and administrative fee; the combined fee for those series of Mackenzie Universal Global Growth Class is 2.28% and 1.63% respectively as compared to 2.8% and 1.79% for Series A and I respectively of Keystone AIM Trimark Global Equity Fund.

Mackenzie also announced the merger of Keystone Diversified Income Portfolio Fund into Keystone Conservative Portfolio Fun, to take place on July 25.

Both funds form part of Keystone Portfolio Funds, a broadly diversified family of strategically managed asset portfolios of mutual funds. Both Keystone Diversified, with assets of $7.6 million, and Keystone Conservative, with assets of $47 million, have a similar asset allocation mix favouring fixed income over equities.

In addition, both funds share many of the same underlying fund holdings as well as the same investment manager, Karen Bleasby, senior vp of investments, whose responsibilities include the oversight of Mackenzie’s strategic asset allocation programs. Existing investments in Series A, T6 and T8 of Keystone Diversified will have the same management fee of 1.90% and administrative fee of 0.24% following the merger into Keystone Conservative. Pending the merger, Series G and I of Keystone Diversified will be capped to new investments, effective immediately.

The changes to Keystone AIM Trimark Global Equity Fund and Keystone Diversified, and the fund merger proposals, were approved by the funds’ independent review committee.