Toronto-based Mackenzie Financial Corp. has introduced three new funds to its lineup: Mackenzie Unconstrained Fixed Income Fund, Mackenzie Monthly Income Conservative Portfolio and Mackenzie Monthly Income Balanced Portfolio. Mackenzie Unconstrained Fixed Income Fund implements an “absolute return” strategy that aims to deliver positive returns over a market cycle, targeting a specific return objective vs additional relative return products and using derivatives to reduce volatility. Mackenzie Monthly Income Conservative Portfolio and Mackenzie Monthly Income Balanced Portfolio seek competitive yields while mitigating downside market risks and maintaining capital appreciation. The two portfolios use a variety of asset classes and strategies, including an absolute return strategy, dividend-paying equities and real estate investment trusts, global sovereign bonds, Canadian and real-return bonds, commodities and derivatives for hedging purposes. Advisor commissions are 0%-5% for front-end sales for the income funds. (The unconstrained fund is not available on a front-load basis.) For all funds, advisor commissions are 5% for deferred sales, 1% for the low-load 2 option and 2.5% for the low-load 3 option. Redemption fees begin at 5.5% in Year 1 and end at zero after Year 7 for the regular DSC schedule; begin at 2% for the first two years and end at zero thereafter for the low-load 2 schedule; and begin at 3% in Year 1 and end at zero after Year 3 for the low-load 3 schedule. For individual trailing commissions and management fees, please visit www.mackenzieinvestments.com. Minimum investment is $5,000.
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